Category: Exchanges

Spheroid Universe Coin to be Listed on MEXC Exchange

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Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, is announcing that their token, SPH, will officially be listed on MEXC today, on June 5th. Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, UAE, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins…

Centralized Crypto Exchange Gate.io Denies Bankruptcy Rumors Linked to Multichain Troubles

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In response to mounting rumors of imminent bankruptcy, centralized cryptocurrency exchange Gate.io has issued a stern warning of legal action against those responsible for spreading panic among investors. The exchange has categorically denied any connection between its operations and the troubled cross-chain Multichain protocol, which has faced technical difficulties and speculation surrounding its leadership. Gate.io’s statement, initially published on Twitter in Turkish, expressed the exchange’s intention to initiate legal proceedings against individuals who rely on unsubstantiated rumors and gossip without any concrete sources. The exchange seeks to quell the growing…

Brazil’s Largest Crypto Exchange Gains Payments License

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Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country’s central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment institution under the status of an electronic money issuer. Under the new license, the Brazilian crypto exchange will enhance its fintech offerings under MB Pay. It can provide Brazilian users with digital banking services using held crypto assets, including digital fixed-income investments, staking, and other financial transactions. Additionally, the exchange is planning to…

Cryptocurrency markets’ low volatility: A curse or an opportunity?

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The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around $18,000 to over $27,000 at publishing time. However, the cryptocurrency has been…

Coinbase Derivatives Exchange To Launch ‘Institutional-Sized’ Bitcoin (BTC) and Ethereum (ETH) Futures Contracts

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Top US-based crypto firm Coinbase says its derivatives exchange is gearing up to launch “institutional-sized” Bitcoin (BTC) and Ethereum (ETH) futures contracts next week. According to a new press release, Coinbase Derivatives Exchange says it plans to make the contracts, called Coinbase Bitcoin (BTI) and Coinbase Ether (ETI), available on Monday, June 5th. BTIs and ETIs will be settled in US dollars and represent one Bitcoin and 10 Ethereum per contract, respectively. Says Boris Ilyevsky, the head of Coinbase Derivatives Exchange, “In addition to risk management and enhanced precision, these…

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

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Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts, sized 1 Bitcoin and 10 Ether per contract, respectively, will be accessible through third-party institutional Futures Commission Merchants (FCMs) and brokers, the company announced on Friday. Coinbase in the announcement said it has witnessed increased demand for futures contracts among investors. Futures contracts are agreements that allow investors to buy or sell an asset at a…

Crypto Exchange Bybit Leaves Canadian Market Weeks Following Same Move by Binance

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Crypto exchange Bybit announced that it will cease offering its products and services in Canada just weeks after industry giant Binance decided to leave the country. In a new statement, Bybit says it will stop serving the Canadian market citing challenges in complying with new regulatory measures. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and…

TD Cowen Shuts Institutional Cryptocurrency Division

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American investment bank TD Cowen has closed down its cryptocurrency unit, Cowen Digital, today (Thursday), just over a year after its launch, without providing any proper explanation. “Today will be the last day for the team here at Cowen Digital,” the investment bank stated in an email sent to its staff yesterday (Wednesday), according to Bloomberg News. Cowen Digital had roughly eleven employees. Cowen Digital was launched last year in March to facilitate cryptocurrency market exposure to institutions. The platform offered 16 crypto assets at launch, including Bitcoin Bitcoin While…