Category: Exchanges

Bybit to Launch Cryptocurrency Options Trading

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Crypto derivatives platform, Bybit announced on Tuesday that it will further expand its product line by offering cryptocurrency options trading. The new products will be added alongside the existing line of perpetual futures contracts and expiration futures contracts. Take Advantage of the Biggest Financial Event in London. The decision to launch the new derivatives product was taken based on the feedback of Bybit’s existing user base, the company detailed. “Options is something that our existing clients have long been asking for since there has been no other revolutionary product offered…

Equiti Announces Addition of More than 40 Fully Paid Cryptocurrency CFDs

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Equiti, a leading financial trading services provider, today announced that it has added more than 40 of the world’s most popular digital currencies as fully paid cryptocurrency CFDs to meet the growing demand of its customers. Take Advantage of the Biggest Financial Event in London. Trading fully paid cryptocurrencies as CFDs via the MT5 platform enables Equiti’s retail clients onboarded through Equiti Brokerage (Seychelles) Limited to trade on the company’s liquidity and hedge exposures without owning the real underlying coins or the need for a digital wallet. Equiti’s recently added…

The SIX Swiss Exchange Approves Hashdex as a Crypto ETP Issuer

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Hashdex, a leading global crypto-focused asset manager, announced on Monday that it got approval from the SIX Swiss  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 practices. These are instrumental in making sure that the distribution of supported security rates on that exchange…

Crypto Exchanges Compete for Middle East As Kraken Receives License To Operate in United Arab Emirates

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US-based crypto exchange Kraken is receiving a license to operate a virtual assets platform in the United Arab Emirates (UAE). In a new interview with CNBC, Kraken Managing Director Curtis Ting was asked what kind of volume the exchange was expecting to see from the region. “I think it’s a really exciting time for that particular part of the region of the world. I think it’s anywhere between six to seven percent of global currency trading volume is happening right out of the Gulf region.  If I remember correctly from recent…

Crypto exchange Kraken to launch in UAE after full regulatory approval

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Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up our operations right in the ADGM [Abu Dhabi Global Market] itself to operate a virtual asset platform that finally offers Dirham pairs for investors in the region,” Curtis Ting, Kraken’s managing director for Europe, the…

Cryptocurrency Hackers Find it Harder to Hide

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Cryptocurrency exchange Binance manages to uncover around US$5.8 million worth of cryptocurrency from the recent Ronin hack that has been tied to North Koreans.  Highly specialized blockchain analytics firms as well as the transparent, immutable and public nature of the blockchain have made it difficult for criminals and hackers to make off with their ill-gotten cryptocurrency.  Just over a week after the U.S. tied one of the biggest crypto hacks to a North Korean group, cryptocurrency exchange Binance said it was able to recover some US$5.8 million worth of the…

Leading Crypto Exchange Binance Shuts Down Russian Accounts in Compliance With New EU Sanctions

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Crypto exchange giant Binance says it will halt services in Russia to comply with the latest round of restrictive measures imposed on the embattled nation by the European Union (EU). According to a new company blog post, the world’s largest crypto exchange platform will deactivate Russian accounts worth over $10,000 euros (EUR) after the EU placed a fifth package of sanctions on the country for invading Ukraine in a territorial dispute. “Binance is required to limit services for Russian nationals or natural persons residing in Russia, or legal entities established…

Binance pushes back against report exchange supplied customer data to Russian government

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Major crypto exchange Binance challenged the accuracy of a report, which stated one of its regional heads agreed to supply Russia’s financial intelligence unit with customer data potentially related to donations for anti-corruption and anti-Putin activist Alexei Navalny. Reuters reported on Friday that Binance’s head of Eastern Europe and Russia Gleb Kostarev met with officials from Russia’s Rosfinmonitoring, a financial monitoring service linked to the country’s Federal Security Service, or FSB, in April 2021. Kostarev reportedly agreed to a request from the government body to turn over certain user data…