The ETF will start trading on March 30 under the ticker WEB311. Source
Brazilian Asset Manager Hashdex to Launch Web 3 ETF on Local Stock Exchange
Category: Exchanges
Hashdex to launch Web3 and smart contracts ETF on Brazil’s stock exchange B3
Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement. As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s main stock exchange, and will give investors a secure and diversified way to invest in Web3 and its underlying smart contract platforms. The new ETF’s reserve period started Monday, March 14, 2022, and runs until Friday, March 25, 2022. Hashdex’s co-founder and CEO Marcelo Sampaio said the company believes that Web3 represents the…
Crypto.com rolls out its exchange platform in the United States
Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States. In an announcement, Crypto.com mentioned that its exchange platform is already available to users who are waitlisted and will be available to more users soon. Currently, the trading platform can only be used by selected institutional investors. However, in the next few months, the exchange will be offering its services to more investors who want to trade using Crypto.com. The exchange is also inviting institutional investors based in the U.S.…
FTX Europe Becomes First Exchange to Receive Crypto License in Dubai
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FTX Europe Increases Global Reach, Receives License to Operate VA Exchange in Dubai
To enhance its presence in the global financial ecosystem, FTX Europe and MENA (FTX Europe) announced today that the company has received a license to establish and operate its Virtual Asset (VA) exchange and Clearing House services in Dubai. Q4 2021 volumes have gone up or down and how much? In the global virtual asset ecosystem, Dubai is the only leading economy that has an independent regulatory environment under its recently announced Virtual Asset Regulatory Authority (VARA). Through the virtual exchange license, FTX will be able to assist clients with…
FTX crypto exchange wins license in Dubai to open local headquarters
Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai. The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirate’s special development and free zones. According to FTX founder and CEO Sam Bankman-Fried, FTX has received the “first and so far only” digital exchange license from Dubai. Binance has also obtained a crypto license in Dubai under the same…
24 Exchange Finalizes First Crypto NDF Trades
24 Exchange, Dmitri Galinov’s over-the-counter (OTC) platform, announced on Monday that it had completed its first cryptocurrency non-deliverable forward (NDF) trades on its platform in February. Q4 2021 volumes have gone up or down and how much? According to the press release, it involved ED&F Man Capital Markets, XBTO, and QCP. “By completing the first-ever crypto electronic NDF trades on our multi-asset platform, 24 Exchange is at the forefront of creating institutional markets for crypto trading. We are excited to offer our customers a reliable, seamless, and low-cost platform to…
Department of Justice Targets Crypto Exchanges in Effort To Clamp Down on Russian Oligarchs: Report
The Department of Justice (DOJ) says crypto exchanges will be included in a sweeping new strategy to clamp down on the assets of Russian oligarchs. Earlier this month, the DOJ announced the launch of a new task force called KleptoCapture aimed at targeting oligarchs and other high-ranking Russian officials during its war with Ukraine. According to the DOJ, the task force is “dedicated to enforcing sweeping sanctions, export restrictions, and economic countermeasures that the US has imposed, along with allies and partners, in response to Russia’s unprovoked military invasion of…
Japan to Fine Crypto Exchanges for Violating Russia Sanctions
Japan’s Financial Services Agency (FSA) and Ministry of Finance have jointly announced on Monday that they have laid out a plan to penalize cryptocurrency exchanges who are violating economic sanctions imposed against Russia. Q4 2021 volumes have gone up or down and how much? As reported by Forkast, cryptocurrency exchanges in the country are looking at up to three years of a prison sentence or a monetary fine of 1 million yen (almost $8,500) for facilitating unauthorized crypto transactions to sanctioned targets. Further, crypto exchanges need to report to the…
Trading on the Moscow Exchange Is Suspended for the Third Week
The Central Bank of Russia has decided to continue the suspension of the stock trading on Moscow Exchange for another week. In the latest announcement, the central bank confirmed that trading in the equity markets will be suspended from 14 March to 18 March. However, it will allow negotiated buyback trades with settlements in rubles and activities in the Standardised OTC Derivatives Market. Further, single stock and index contracts in the derivatives markets will be available for negotiated position-closing trades. The Russian central bank decided to temporarily close the equities …