Category: Exchanges

OKX Joins Growing List of Exchanges with Singapore’s License

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The crypto exchange OKX has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license through its local subsidiary, OKX SG. This new authorization allows OKX to provide digital payment token services and cross-border transfers in Singapore, pending the full license from MAS. With the in-principle approval, OKX plans to focus on its spot product in Singapore and work on establishing local banking connections for its customers. As an MPI-licensed company, OKX will be able to facilitate multiple payment services exceeding the volume…

Nibiru Chain Debuts Public Mainnet Along With Four Major Exchange Listings

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March 12, 2024 – Tortola, British Virgin Islands Nibiru Chain, a developer and user-centric layer one platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant DApps (decentralized applications). It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, RWAs (real-world assets), NFTs, DeFi and more. Empowering users with a rich ecosystem At launch, Nibiru Chain offers a wide range of functionalities to its community…

Ethereum Layer-2 Skyrockets After Earning Surprise Support From Crypto Exchange Binance

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One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation…

This German Exchange Opened the Floodgates for Institutional Crypto

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Germany’s leading stock exchange operator, Deutsche Börse, has successfully launched its regulated crypto spot trading platform, DBDX. This marks a significant milestone in the growing institutional adoption of digital assets. The platform has already facilitated its first transactions, with ICF Bank and Bankhaus Metzler trading and settling the cryptocurrency Ethereum against euros. Initially, DBDX will offer trading in Bitcoin and Ethereum on a request-for-quote (RFQ) basis, with multilateral trading to follow. “We have processed the first cryptocurrency trades on the T7 trading architecture of Deutsche Börse Digital Exchange DBDX and…

Cryptocurrency: Only a Scam When You Can’t Make Money Off of It

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Donald Trump was no fan of Bitcoin or cryptocurrencies in 2019. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019   In 2021, he called Bitcoin a scam. In 2024, he’s all for it. What changed? He figured out how to make money off of it. In this case, people paid for his…

UK Regulators Greenlight Crypto-Based Exchange Traded Notes (ETNs) As Bitcoin Hits New All-Time High

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Financial regulators in the United Kingdom are allowing applications for crypto-based exchange-traded notes (ETNs), according to a new announcement. In a Monday press release, Britain’s Financial Conduct Authority (FCA) said that it has approved the sale of crypto and Bitcoin (BTC) ETNs for professional investors. ETNs in the UK are defined as bonds issued by financial institutions that track the performance of underlying assets. According to the FCA, any potential crypto retail ETNs will not be available for retail investors as it would be unsafe and “ill-suited” for them. Says…

Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority, and the Argentine Fintech Chamber proposed crypto tax exemptions in Argentina. $400 […] Source

Binance Launchpool Announces Upcoming Support for New Decentralized Derivatives Exchange Altcoin

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Binance is planning on rolling out support for a new decentralized derivatives exchange altcoin via its Launchpool platform. The top global crypto exchange platform by volume says its 48th Launchpool project will be Aevo (AEVO), an Ethereum (ETH)-based digital asset exchange that supports options, perpetual futures, and other products within a single margin account. Launchpool allows users to stake coins to farm new assets. Starting on Friday, Binance users will have five days to stake BNB, Binance’s native token, and the stablecoin First Digital USD (FDUSD) in separate pools to farm…

BAVARSIS EXCHANGE Conquers New Heights

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In the dynamic landscape of investment, Bavarsis emerges as a beacon of innovation and opportunity, offering a realm of innovation and potential that transcends mere user-friendliness. Leveraging the capabilities of Artificial Intelligence (AI) and trading bots, Bavarsis facilitates rapid arbitrage trading, presenting a versatile framework, diverse cryptocurrency options, transparency, and a steadfast dedication to enduring viability. Delving into the core of Bavarsis unveils the myriad reasons why it stands as a premier option for contemporary investors. Bavarsis, a leading player in the cryptocurrency market, proudly announces remarkable achievements in its…

Crypto Exchange COIN Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

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The exchange has seen fundamental benefits from “increasing price on the simple trading platform, while maintaining market share, a renewed commitment to greater expense control and profitability in all market environments and tailwinds from higher interest rates as a result of COIN’s 50% revenue share of the interest income earned on USDC reserve balances,” the report added. Source