Category: Exchanges

The Moscow Exchange is a good base for crypto trading, Russian lawmaker says

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Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging the launch of crypto trading on the country’s largest stock exchange. The Moscow Exchange (MOEX) is the best match for hosting a regulated crypto exchange in Russia, according to Anatoly Aksakov, head of the Russian Banking Association and a financial committee within the State Duma. At a recent press conference, Aksakov stressed the importance of building a crypto exchange under the strict requirements of the Russian central bank, local news agency Prime reported on…

Bitcoin Bears Prepare for the Crypto Winter Taking Billions off Exchange

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Bitcoin whales are becoming bears and taking their substantial holdings of Bitcoin off cryptocurrency exchanges in anticipation of long-term holding.  Withdrawal of liquidity from cryptocurrency exchanges may also be a function of Bitcoin investors opting to self-custody and many major centralized counterparties have gone insolvent.  Bears prepare for the winter by storing fat over the summer months and going into hibernation when temperatures start to drop and it appears that Bitcoin bears may be doing exactly that. According to data from blockchain analytics firm Glassnode, more long-term Bitcoin investors are…

How Inaccurate Data Misled Investors to See Massive Outflows From This Crypto Exchange; BTC Holds Steady Over $20K

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Yet, Nage also viewed positively bitcoin’s ability for much of the past month to remain in its current $18,000-$20,000 range. “Bitcoin has held steady around this trading pattern,” he said, adding: “We talk about digital assets as a durational effect in terms of things that are going to happen and change with society and our economic systems. Bitcoin is definitely a part of that.” Source

Intercontinental Exchange Total ADV for June Soared by 13%

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Intercontinental Exchange (ICE), an operator of global exchanges and clearinghouses, released its trading volume metrics on Wednesday for June 2022. The operator noted a surge in its total average daily volume (ADV) of around 13% on a yearly basis and a rise of 3% in its total open interest on a yearly basis. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In other metrics, Brent ADV was up 6% y/y during the…

Gate.io Announces Second Audit After Being First Exchange To Provide Proof-of-Reserves

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July 6, 2022 – Majuro, Marshall Islands Gate.io has announced it will commence another proof-of-reserves (PoR) audit to provide user verifiable reserves data through a Merkle tree implementation audited by a leading third party firm, after several high-profile bankruptcies in the space. In 2020, as the first cryptocurrency exchange in the world to commit to providing 100% collateral, Gate.io has worked closely with Armanino LLP, a leading US audit firm, to successfully provide users with professional and credible asset verification services in an open-source, transparent and cryptographically-verifiable Merkle tree. The asset…

Bitcoin ‘Tourists’ Shaken Out of Market As Coins Fly Out of Exchanges Hands: Glassnode

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The recent crypto market woes are shaking Bitcoin (BTC) tourists out of the space, according to the analytics firm Glassnode. Glassnode notes in a new analysis that network activity has plunged to levels seen at the deepest bear market phase in 2018 and 2019, resulting in a “near-complete expulsion” of market tourists. However, it’s not all bearish, according to the analytics firm. “Demand for block space is low, and the growth of network users is lackluster at best. However, below the surface, the market is experiencing a number of very…

SIX Digital Exchange Forms Strategic Partnership with Fireblocks

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SIX Digital Exchange (SDX) recently confirmed that its Web3 Unit, SDX Web3 Services, has developed a strategic collaboration with Fireblocks, one of the fastest-growing digital asset and crypto technology platforms, to assist regulated intermediaries and institutional investors. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The offering, which is expected to go live in H2 2022, will facilitate users through institutional-grade infrastructure services. In an official press release, SIX Digital Exchange noted…

NASDAQ Elects 10 Board Directors to Exchanges in the US

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NASDAQ Incorporated, a global technology company serving the capital markets and other industries, has elected 10 directors to its exchanges in the US. The exchanges are the NASDAQ Stock Market, which allows investors to buy and sell stocks over a computer network; the NASDAQ PHLX, a full service options trading platform; and NASDAQ BX, a protected quote featuring a price/time priority market structure and popular trading functionality. The other exchanges are NASDAQ ISE, all-electronic options exchange; NASDAQ MRX, a platform with a simple customer priority, pro-rata allocation market and a…

Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect – Exchanges Bitcoin News

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Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading volumes across crypto exchanges in India have fallen sharply after the new TDS (tax deducted at source) went into effect on July 1. Trading volumes on major Indian crypto exchanges Wazirx, Coindcx, Zebpay, and Bitbns plunged about 83%, 70%, 76%, and over 18%, respectively, from…

Moscow Exchange Posts Monthly Recovery in June FX Trading Demand

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Moscow Exchange (MOEX) has published the trading metrics on the platform for June 2022, reporting a significant dip. The total trading volume across markets came in at RUB 73.5 trillion, which is down by 6 percent from the previous month and almost 10 percent from the same month of the previous year. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Demand for forex instruments recovered month-over-month as the total trading volume came…