Category: Exchanges

Crypto Exchange Coinbase Forced To Back Out of India as CEO Brian Armstrong Cites Pressure From Central Bank

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Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says that the exchange had to halt its services in India despite a previous Supreme Court ruling that overturned a ban on crypto trading in the country. “We launched Coinbase in India on April 7th. And this includes fiat on-ramps into the crypto economy. There’s a lot of interest in crypto amongst the people there in India. So…

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

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East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users. Coinbase Ventures, Alameda Research, Huobi Ventures and other prominent venture capital firms and angel investors have contributed $23 million to launch MARA. The exchange will initially operate in Kenya and Nigeria, offering new users a basic exchange platform to acquire, trade and withdraw cryptocurrencies. The platform will offer a professional exchange featuring extensive trading options and technical analysis tools for more experienced…

Bitcoin Exchange Inflows Increase during Market Correction

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In a major turnaround, Bitcoin exchanges saw significant inflows during the last 7 days as large crypto addresses started moving digital assets from wallets to trading platforms. According to Santiment, almost 0.52% of the overall Bitcoin supply has returned to exchanges in just one week. A rise in the supply of Bitcoin on prominent crypto trading platforms has played a major role in its price dip. The world’s most dominant digital asset is now down by more than 20% in the past 7 days. “Exchanges have seen a massive 0.52%…

Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%

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Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypto project Terra are now in freefall. UST, a so-called stablecoin that’s meant to maintain a $1 peg, plunged more than 60% Wednesday from 24 hours earlier. It was trading at just 35 cents at 4 a.m. ET, according to CoinGecko data. Sister token luna dived more than 80% to $5. Other cryptocurrencies tumbled alongside them, with bitcoin sinking 5%…

$1,270,000,000 in Bitcoin Moved to Crypto Exchanges As BTC Struggles Above $30,000: Analytics Firm

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Analytics firm Santiment says leading digital asset Bitcoin (BTC) is being moved onto exchange platforms at a rapid rate amid a sharp crypto market downturn. Santiment notes a net sum of about 40,620 BTC moved onto crypto exchange networks as prices cratered this week. With Bitcoin trading around $31,000 at time of writing, that total amount moved is currently worth a staggering $1.27 billion. The market intelligence firm says this marks the largest spike in net exchange inflow of the top crypto asset by market cap to exchange platforms since…

Head of Bitstamp’s European arm becomes latest CEO of global crypto exchange

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Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer. In a Monday announcement, Bitstamp said Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May 7, having been the Bitstamp Europe CEO since May 2021. According to the exchange, Graftieaux has 20 years of experience in “crypto, payments, and financial sectors,” having first joined Bitstamp…

BDSwiss Expands Its Cryptocurrency Offering with 9 New CFDs

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In line with its mission to democratise finance for all, leading multi-asset financial services firm BDSwiss has recently announced the expansion of its cryptocurrency offering with nine new CFD crypto pairs. The latest coin listings join BDSwiss’ existing cryptocurrency line-up which includes some of the world’s largest cryptocurrencies by market capitalization, paired against the EUR and the USD. The newly listed coins, come in response to a surge in demand from investors trading cryptocurrency CFDs on the BDSwiss platforms and include some of the most sought-after cryptocurrencies dealing or associated…

BMLL Announces Partnership with Aquis Exchange

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BMLL, one of the prominent independent providers of harmonized, historical Level 3 Data and analytics, announced today that it has formed a collaboration with Aquis Exchange, the operator of Pan-European equity trading exchanges, to facilitate its members through market quality and liquidity analytics. With the use of the granular Level 3 Data and analytics from BMLL, Aquis will be able to monitor and evidence liquidity dynamics. In addition, the company will provide its members with third-party, independent verification on the availability of passive liquidity on its own venues versus other…

SIX Swiss Exchange Welcomes Virtu ITG Europe Limited as New Trading Participant

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SIX Swiss Exchange today confirmed that Virtu ITG Europe Limited has started trading on the exchange. The platform has welcomed Virtu ITG Europe Limited as a new trading participant and that has pushed the overall number of trading participants on the exchange to 95. SIX noted that the participants will be able to take advantage of highly liquid and efficient trading on the platform. In the past 12 months, the SIX Swiss Exchange welcomed some of the leading names in the financial services industry as trading participants and issuers. Recently,…

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals – Exchanges Bitcoin News

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Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw…