Category: Exchanges

Exegy’s Metro Adds Deribit Crypto Options Exchange

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Exegy, Inc., a trading solutions provider for the capital markets, has broadened its crypto derivatives coverage for the Metro professional trading platform by integrating with Deribit. Adding Deribit, known as the world’s largest crypto options exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading…

Era of trading crypto as non-securities is over, says exchange exec

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Amid lawsuits against United States-based exchanges like Coinbase and Binance.US, an executive at a domestic digital asset firm has noted the legal implications of these recent enforcement actions for the industry. The era of trading cryptocurrencies as non-securities is coming to an end, according to Itai Avneri, chief operating officer at the blockchain trading firm INX. Avneri believes that a massive amount of coins offered for trading on crypto exchanges is among the core reasons for legal issues. “You cannot continue to trade cryptocurrencies as if they are not securities.…

Bitcoin Evaporating From Exchanges Into HODLer Wallets As BTC Approaches Halving Date: Glassnode

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Bitcoin (BTC) is flying out of crypto exchanges and into the wallets of long-term investors as the king crypto’s halving quickly approaches, reports analytics firm Glassnode. Glassnode says that a steady rate of BTC outflows from exchanges indicates a significant Bitcoin accumulation wave by HODLers, or entities with little history of selling. “The undercurrent of BTC supply continues to flow out of exchanges, miners and whale wallets, and towards HODLer entities of all sizes at a healthy rate.” According to the firm, similar accumulation phases preceded other Bitcoin bull market…

Binance Comes to Agreement With SEC Following Attempt To Freeze Crypto Exchange’s Assets

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Binance has come to an agreement with the U.S. Securities and Exchange Commission (SEC) after the regulator attempted to freeze the American arm of the firm’s assets. In a new court filing, the SEC has agreed to a proposal that lets Binance.US maintain sole possession of its customers’ assets. “It is further ordered that on or before the date the Court issues this Consent Order, Stipulating Defendants will, through their officers and employees or a non-affiliated third party custodian within the United States, ensure, and each confirm to counsel of…

UK Investment Trust RIT Capital Marks Down Valuations of Cryptocurrency Ventures

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RIT Capital Partners Plc, a prominent UK investment trust, has recently made significant markdowns on its investments in various cryptocurrency startups. The trust, founded by Jacob Rothschild, had previously allocated substantial amounts of capital to crypto firms, along with supporting numerous technology startups. However, in its 2022 annual report, RIT revealed a reduction in its positions in Animoca Brands, Kraken, and Paxos. While the exact cause for the markdown is unclear, it is unlikely that RIT sold off any of its stakes, as the three startups in question are privately…

Top US Crypto Exchange Coinbase Partners With Jack Dorsey’s Self-Custody Wallet Bitkey

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Top US crypto exchange Coinbase plans to integrate Bitkey, a self-custody wallet developed by Jack Dorsey’s fintech company, Block. In a recent announcement, Coinbase says it has entered a global partnership with Bitkey in an effort to foster the growth of self-custody usage. Dorsey, the billionaire co-founder and former CEO of Twitter, plugged the new partnership online. “Buy Bitcoin from an exchange and move it to a hardware key you control.” News of the partnership comes in the wake of Bitkey’s announcement to open applications for its beta program that…

FxPro Adds Cryptocurrency CFDs to cTrader Accounts

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Online forex brokerage firm FxPro has introduced cryptocurrency trading to its cTrader accounts, the company announced today (Friday). The new addition allows traders to log in to their cTrader accounts and open new accounts under their profile. According to FxPro, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are some of the cryptocurrencies that have been added. These digital assets form part of a range of 28 cryptocurrency contracts for differences (CFDs) now available for trading 24 hours a day and seven days a week. Furthermore, FxPro said that it has…

Crypto Exchange CoinEx Pays Over $1,700,000 To Resolve New York State Lawsuit As It Exits US Market

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A Hong Kong crypto company was forced to pay more than $1.7 million in investor refunds and penalties after reaching an agreement with the New York State Attorney General (AG) Letitia James. James launched a lawsuit against the trading platform CoinEx in February, accusing the company of failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange. The attorney general announced in a press release this week that CoinEx will pay more than $1.1 million in refunds to 4,691 New York investors…

Bitcoin Wallet App Zeus Faces Rejection from Apple over Exchange Feature

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Apple has rejected the latest version of the Zeus app, a non-custodial Lightning Network-enabled Bitcoin wallet. This comes just a day after the tech giant warned another Bitcoin-related app, Damus, about removing certain features. The rejection of Zeus was communicated to the app’s founder, Evan Kaloudis, through an official message from Apple. According to Kaloudis’ tweet, Apple stated that the app “facilitates the transmission of a virtual currency but was not submitted by a corresponding exchange or recognized financial institution.” The company requested that Zeus provide documentary evidence proving that…

Will Allowing Users to Earn Digital Assets Drive Wider Cryptocurrency Adoption?

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Cryptocurrencies have received a lot of interest in recent years because they provide a decentralized and digital form of money. However, widespread acceptance continues to be a struggle. Allowing consumers to earn digital assets is one potential method for increasing cryptocurrency adoption. In this article, we will look at how to earn digital assets and how it affects bitcoin acceptance. We will examine whether allowing users to earn digital assets may expedite the general acceptance of cryptocurrencies, from the benefits for individuals to the ramifications for businesses and the wider…