Category: Exchanges

BMLL Adds 3 Asian Exchanges to Expand Data Coverage

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BMLL, an independent provider of historical Level 3 data and analytics for global equity and futures markets, has expanded its coverage by adding Asian markets. It added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange. Announced on Monday, the recent expansion complemented the already available equities and ETF data for Tokyo Stock Exchange within the BMLL product suite. Paul Humphrey, the CEO of BMLL, stated: “The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA,…

German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary – Exchanges Bitcoin News

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Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License Germany’s second-largest stock exchange and one of the largest in Europe, Boerse Stuttgart, will be able to provide European banks, brokers, asset managers, and family offices with both trading and custody solutions for their crypto…

Crypto Exchange Bittrex in the Process of Winding Down US Operations Amid Regulatory and Economic Uncertainty

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Seattle-based crypto exchange Bittrex will soon stop serving US customers as federal regulators clamp down on the digital asset industry. Bittrex co-founder Richie Lai says the company has made the decision to shut its doors in the US as the crypto exchange believes it is no longer feasible to continue operating in the country given the current regulatory conditions. “Today is a bittersweet day. This month we turned nine years old; and while I am excited and proud that we’ve come this far, I am also very sad. Today, Bittrex…

Crypto Exchange Bittrex Shuts Down US Operations Due to Regulatory Uncertainty – Regulation Bitcoin News

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Cryptocurrency exchange Bittrex is shutting down its U.S. operations due to “continued regulatory uncertainty” as U.S. regulators increase their enforcement efforts against cryptocurrency trading platforms. Regulatory requirements currently “are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” Bittrex described. Bittrex Exiting U.S. Crypto Market Cryptocurrency exchange Bittrex announced the shutdown of its U.S. operations on Friday. The exchange tweeted: Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. operations, effective April 30, 2023. “All funds are…

Jim Cramer Advises Against Using Binance — Says Crypto Exchange Is ‘Way Too Sketchy’ – Regulation Bitcoin News

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The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is “way too sketchy.” Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading Commission (CFTC). The regulatory agency recently took action against Binance and its CEO, Changpeng Zhao (CZ). Jim Cramer Warns About Binance The host of CNBC’s Mad Money show, Jim Cramer, cautioned investors about using cryptocurrency exchange Binance on Friday. Cramer is a former hedge fund manager who co-founded…

March Sees Cryptocurrency Market Surge Despite Setbacks and Regulatory Uncertainty

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March turned out to be a good month for the cryptocurrency market, with bitcoin surging over 21%, while other cryptocurrencies also recorded impressive gains. XRP, Stellar’s XLM token, and Injective Protocol’s INJ token recorded gains of 41%, 26%, and 34%, respectively. In contrast, Chain’s XCN token in the CMI’s Currency sector was among the biggest losers, plummeting over 53% in March, media reports said.  Encrypted messaging protocol Network’s native token, MASK, emerged as March’s top-performing asset, surging 68% to trade at $6.30. Reports indicate that the price surge followed the…

Dogecoin Rises Amidst Lawsuit Against Elon Musk Over Cryptocurrency Tweets

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Elon Musk, the CEO of Tesla Inc, has requested a US judge dismiss a $258 billion lawsuit against him by Dogecoin (DOGE) investors. The lawsuit accuses Musk of running a pyramid scheme to support the popular cryptocurrency, Dogecoin. In a court filing on Friday, Musk’s lawyers referred to the lawsuit as a “fanciful work of fantancy.” They argued that the investors had failed to provide any evidence of fraud or explain how Musk intended to defraud anyone. They further added that Musk’s tweets about Dogecoin were innocent and silly and…

Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month

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“It’s just not economically viable for us to continue to operate in the current U.S. regulatory and economic environment,” said Bittrex co-founder and CEO Ritchie Lai in the statement. “Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” he continued. “Operating in the U.S. is no longer feasible.” Source

The KYC and AML Challenges of Cryptocurrency Exchanges: Solutions and Best Practices

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The rise of cryptocurrency has heralded the dawn of a new age in digital finance. However, with the advent of this new technology, new challenges have emerged that conventional finance has not seen before. Among these difficulties are the Know Your Customer (KYC) and Anti-Money Laundering (AML) laws, which cryptocurrency exchanges must follow. This article will look at the KYC and AML issues that cryptocurrency exchanges encounter, as well as solutions and best practices for dealing with them. KYC Obstacles KYC regulations have been put in place to aid in…

Crypto Exchange Binance Rolls Out New Trading Support for Under-the-Radar Altcoin

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Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin. Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings. Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.” Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total…