Crypto Exchange Binance Introduces Stock Trading Starting With Launch of Tesla Tokens

Global crypto exchange Binance is expanding its offerings with the launch of stock tokens. In a new blog post, Binance reveals that it is unveiling tradable stock tokens that enable users to access shares of companies listed in traditional stock exchanges. Binance notes that each stock token is fully backed and represents one share of equity stock. To facilitate the sale and storage of stock tokens, the crypto exchange has teamed up with investment firm CM-Equity AG and Switzerland-based asset tokenization platform Digital Assets AG. Holders of stock tokens on…

Binance and FTX list Coinbase stock tokens ahead of exchange’s Nasdaq debut

Major global cryptocurrency exchanges including Binance and FTX have announced the listing of Coinbase’s stock token ahead of its direct listing on Nasdaq. According to a Wednesday announcement, Binance will list Coinbase’s stock token (COIN) today, allowing its users to trade fractional Coinbase stock on the Binance website. The new stock token will trade against Binance USD (BUSD), Binance’s stablecoin pegged to the United States dollar and issued by Paxos Trust Company. Binance said that Coinbase stock tokens are zero-commission digital tokens fully backed by a depository portfolio of underlying…

German digital stock exchange will list physical Litecoin ETP

London-based ETC Group, the firm responsible for listing the first crypto exchange-traded product on Germany’s Xetra digital stock exchange, will offer a new listing for Litecoin. In an announcement today, the ETC Group said its physical Litecoin exchanged-traded crypto, under the ticker ELTC, will be launching on Deutsche Börse Xetra on April 14. According to the firm, the exchange-traded product, or ETP, will be the first Litecoin (LTC) product on the exchange following approval from Germany’s Federal Financial Supervisory Authority, or BaFin. “The current economic uncertainty has underlined the attraction…

Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges – Regulation Bitcoin News

The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka has published a notice regarding cryptocurrency. “Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in virtual currencies,” the notice published Friday reads.…

Coinbase Bump Alert: 4 Altcoins Rally After Receiving Sudden Support From Top Crypto Exchange

Four altcoins are rallying after receiving unexpected support from Coinbase, the largest crypto exchange in the US. The San Francisco-based exchange revealed it will be launching support for 1inch (1INCH), Enjin Coin (ENJ), NKN, and Origin token (OGN) today on Coinbase Pro as long as liquidity conditions are met. Following the news, all four altcoins subsequently experienced what’s often referred to as the Coinbase bump, which is when a crypto asset significantly spikes in price after being placed on the US top exchange. At the time of writing, ENJ has launched…

Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos – News Bitcoin News

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange to Arrange Payments According to El Mundo Financiero, Criptan, based in Valencia, Spain, signed an agreement with Wings to Claim– a Spanish legal association that owns a platform specialized in handling travel-related incidents and now…

Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021.  Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on separate blockchain networks means that many crypto traders stick with CEXs for lower trading costs and the sense of security they offer.  While Bitcoin,…

State Street Collaborates With Pure Digital to Launch Cryptocurrency Trading Platform – Exchanges Bitcoin News

State Street, one of the largest asset management firms, is collaborating with crypto startup Pure Digital to set up a cryptocurrency trading platform. “Pure Digital will be a fully automated, high throughput OTC market for digital assets and cryptocurrencies with physical delivery and bank custody,” the company explains. State Street Providing Tech for Crypto Trading Platform Puremarkets Ltd., with trading name Pure Digital, announced Thursday that it is launching a “new and unique wholesale digital currency trading platform.” The company has also “entered into an agreement with State Street’s Currenex”…

Bitstamp crypto exchange hires former Barclays exec as new COO

U.K.-based crypto exchange Bitstamp has hired a former director of financial services company Barclays’ payments team as its chief operating officer. In an announcement today, Bistamp said it would be appointing Sameer Dubey to the executive position as part of its effort to scale across the firm’s businesses. Dubey worked as the director of the head of payments for Barclays corporate and was a member of the team behind the bank’s blockchain and distributed ledger council. He was also the head of operations for U.K. neobank N26 until recently. The…

Bitcoin exchanges just saw massive Tether stablecoin deposits

Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC’s price drop. Stablecoin deposits into exchanges. Source: Glassnode Is a broader Bitcoin rally brewing? There are two major on-chain metrics that often signal a bigger Bitcoin rally is forming: BTC outflows and stablecoin inflows. Stablecoin inflows occur when traders deposit their sidelined funds…