Category: Exchanges

Cryptocurrency Staking Platform Northstake Raises $3M to Boost Institution Participation

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“Institutional investors at the asset manager level, at the sovereign fund level are looking at this and trying to figure out what staking is and where does the yield come from,” Johansen said in an interview with CoinDesk. “It’s significant that, in this round that we raised, one of our ultimate beneficial owners is ATP, a state-owned pension fund in Denmark and one of the largest asset managers in Europe.” Source

New Exchange on TradingView; HKEX in New York

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ASIC Heavily Penalizes Securities Firm The Australian financial market regulator, ASIC, has imposed a monetary penalty of AU$333,000 on Morrison Securities Pty Ltd to comply with an infringement notice. The company has already paid the penalty brought by the regulator’s Markets Disciplinary Panel. Announced today (Thursday), the securities firm has violated a section of the ASIC Market Integrity Rules six times that mandate fair and orderly operations. The violations resulted in “significant price variations in the securities that were unreasonable in the circumstances and were not caused by ordinary market…

BitMEX CFO Calls for Crypto Exchanges to Embrace External Liquidity Providers

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In a recent interview, Stephan Lutz, the acting CEO and group CFO at 100x Group, the parent company of BitMEX, shared his perspective on the alleged trading desk shenanigans at Crypto.com. Lutz believes that crypto exchanges that profit from proprietary trading should have phased out internal market making teams by now, stating that it is no longer necessary in the current market. Lutz highlighted that there is now sufficient critical mass in the form of High Frequency Traders (HFTs) and prop shops that can effectively perform the function of liquidity…

Whales Withdraw Over $150,000,000 in Ethereum (ETH) From Crypto Exchanges Binance and Kraken: On-Chain Data

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Three crypto whales withdrew more than $150 million worth of Ethereum (ETH) from the crypto exchanges Binance and Kraken in the past week. All three addresses were newly created wallets, according to the blockchain tracker Lookonchain. The first whale withdrew 35,860 ETH worth more than $64 million from Binance across a series of transactions. The second pulled out 27,000 Ethereum worth more than $48 million from Binance across four withdrawals. And the third wallet withdrew 23,660 ETH worth more than $42 million from Kraken across five transactions. The withdrawals could…

Disrupting Traditional Centralized Exchanges with Tech Advancements

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Decentralized exchanges (DEXs) have emerged as a game changer in the world of cryptocurrency. DEXs, which are based on blockchain technology, provide a peer-to-peer trading experience that eliminates the need for intermediaries and centralized control. Significant developments in DEX technology in recent years have increased their potential to threaten traditional centralized exchanges. This article looks at the most recent advances in DEXs and how they are changing the cryptocurrency ecosystem. Traditional centralized exchanges act as intermediaries, facilitating cryptocurrency trading by matching buy and sell orders. DEXs, on the other hand,…

Crypto Exchange Gemini Announces New Expansion Into Asian Region To Capture ‘Next Wave of Growth’

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A major American crypto exchange is announcing a new expansion into one of the world’s biggest market regions. In an announcement, crypto exchange Gemini says it is expanding into the Asia Pacific (APAC) region in addition to growing their engineering base in India. “We’re expanding in the Asia Pacific region! Our Singapore office will serve as a hub for our larger APAC operations and we plan to increase our headcount to 100+ in Singapore. In addition to our expansion plans in APAC, we are rapidly growing our engineering base in…

Fidelity, Charles Schwab, Citadel and More Back Newly Launched Crypto Exchange

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A group of the biggest financial institutions in the world are backing the newly launched digital asset marketplace EDX Markets (EDX). According to a new press release, the company received a round of funding from financial heavyweights including Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial. The funding will “support EDX as it continues to develop its trading platform and solidifies its market leadership position.” EDX currently only offers trading for four crypto assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) –…

$1,400,000,000,000 Deutsche Bank Applies for Cryptocurrency Custody License in Germany: Report

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A multinational investment bank and financial services company valued at $1.4 trillion is applying for a crypto custody license in Germany. According to a new Bloomberg report, Deutsche Bank AG, Germany’s largest and the European Union’s second-largest bank, is seeking regulatory approval to offer a custody service for digital assets, including cryptocurrencies, in Germany. Says David Lynne, runner of Deutsche Bank AG’s commercial unit, “We’re building out our digital assets and custody business. We just put our application into the BaFin for the digital asset license.” BaFin, the Bundesanstalt für…

Wall Street Giants Bet on EDX Markets Crypto Exchange

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EDX Markets, a new digital asset marketplace, has announced the successful initiation of its trading operations, backed by a consortium of major financial institutions. Among the mentioned companies are several Wall Street giants, including Charles Schwab, Fidelity Investments, and Citadel Securities. Explore limitless, instant crypto swaps. Choose from 1000+ coins and tokens and exchange with no registration or sign-up. Experience a platform that prioritizes your data privacy and fund security. The company has also completed a new funding round Funding Round Startups look to raise capital can participate in a…