Category: Exchanges

Manchester City Onboards Crypto Exchange OKX as Sponsor

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Manchester City has become the latest big name in sports to ink a deal with a cryptocurrency company. The football club brought in the crypto derivatives exchange, OKX as a sponsor. Q4 2021 volumes have gone up or down and how much? As reported by Forbes, the club has signed a multi-year agreement deal with the crypto exchange. Though the financial terms of the deal are unknown, it is anticipated to be in the multimillion-dollar range annually. Manchester City is the sixth most valuable football club globally with a valuation…

European Association FESE Excludes Moscow Exchange

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With no signs of de-escalation of the Russia-Ukraine conflict, Russian institutions and businesses are facing more and more economic exclusion. The Federation of European Securities Exchanges (FESE) has become the latest to exclude the Moscow Exchange from its association. “The Federation of European Securities Exchanges (FESE) utterly condemns the Russian-led invasion of Ukraine. Our thoughts and unwavering support go out to the Ukrainian people,” the industry association wrote in its latest announcement. “In light of the Russian government’s actions, the FESE Board has recommended that the General Assembly vote to…

Russian crypto volume across major exchanges plunges by 50%

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Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions.  When Bitcoin rallied over 15% last week, some industry experts attributed the surge to Russians buying cryptocurrency in the face of increasing economic sanctions. This theory seems to be proved false, however, as data from Chainalysis showed that ruble-denominated crypto trading volume was just $34.1 million on March 3, around half of a recent peak of $70.7 million a week…

Chicago Mercantile Exchange To Offer New Bitcoin (BTC) and Ethereum (ETH) Options Trading

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Chicago Mercantile Exchange (CME) Group is preparing to launch new micro-sized options contracts for the two largest crypto assets by market cap. According to a press release, the new Micro Bitcoin and Micro Ether contracts will be one-tenth the size of a single Bitcoin (BTC) and Ethereum (ETH), respectively. The trading feature will go live on March 28th, pending regulatory review. “The new Micro Bitcoin and Micro Ether options contracts will… offer a wide range of market participants – from institutions to sophisticated, active, individual traders – more ways to…

Hillary Clinton Urges Regulation of Crypto Exchanges for National Security Purposes in Wake of Russian Sanctions

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Former Secretary of State Hillary Clinton is imploring cryptocurrency exchanges to deny access to Russian users as part of the United States’ broader effort to apply economic pressure after Vladimir Putin’s invasion of Ukraine. In an interview with MSNBC’s Rachel Maddow, Clinton says she disagrees with the crypto exchanges which have not gone along with the US’s recently imposed sanctions against Russia. “I was disappointed to see that some of the so-called crypto exchanges, not all of them, but some of them, are refusing to end transactions with Russia from…

Hong Kong-listed Huobi Tech launches cryptocurrency OTC service

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Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday. Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in 1990. Huobi Technology has been actively moving into the cryptocurrency industry in recent years but operates independently of Huobi Group, the entity that owns the Huobi Global cryptocurrency exchange. The two companies share some shareholders but they are two…

Crypto Exchange CEO Rejects Call To Block Russian Users, Says Bitcoin (BTC) Is Embodiment of Human Rights

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While the offensive against Ukraine continues, cryptocurrency exchanges are side-stepping a call to shut down Russian users’ active accounts. Ukrainian Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov took to Twitter on Sunday to ask all major crypto exchanges to block the addresses of Russian users in the wake of Russia’s invasion. “It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.” Kraken chief executive Jesse Powell replied on Twitter and said despite his deep respect for the…

Bybit Crypto Exchange Partners with the MIRL Project

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Bybit cryptocurrency exchange partnered with the MIRL project, a decentralized fashion company that was created in the metaverse. Through the partnership, the MIRL project will gain exposure to Bybit’s clients, well above 5 million traders. The crypto exchange will also promote the ‘FashionFi’ movement. The MIRL project is attempting to bridge between the virtual and real world in the fashiopn industry. Bybit purchased 1,111 non-fungible tokens (NFTs) from the genesis collection that will be launched on 10 March. The 1,111 NFTs that were bought will be distributed to selected traders…

South African exchange raises $50M in Africa’s largest funding round

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South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange. With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in growth since it raised its $3.4 million in a Series A round in July 2020. This round was led by VC Pantera Capital, Alameda Research, Coinbase Ventures, and several others. VALR claims to have processed over $7.5 billion in trading volume since 2019 from over 250,000 retail customers and…

Thai Stock Exchange’s Board Reappoints Pakorn Peetathawatchai as Bourse’s President

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The Stock Exchange of Thailand (SET)’s Board of Governors has announced the appointment of Pakorn Peetathawatchai today to serve his second term as the  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…