Category: Exchanges

Cryptocurrency Firm Fireblocks Acquires First Digital

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One of the fastest-growing cryptocurrency companies, Fireblocks today announced the acquisition of First Digital. The acquisition will facilitate the expansion of the company’s payment offering. Fireblocks noted that the integration of First Digital will support B2C, B2B, cross-border, and other forms of payment through USDC, Celo, other stable coins, and digital currencies. The crypto firm also outlined the rising retail and institutional demand for digital asset-related payments. Earlier this year, Fireblocks raised a whopping $550 million in its Series E funding round. With a valuation of approximately $8 billion, Fireblocks…

Could the New York Stock Exchange become the next NFT trading venue?

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According to a regulatory filing with the U.S. Patent and Trademark Office, the NYSE, the world’s deepest and most liquid financial market, said that it plans to be a financial exchange for cryptocurrencies and NFTs that would compete with the likes of OpenSea and Rarible. Nevertheless, the NYSE had minted its first NFTs last year, in a move that digitally memorialized some of the exchange’s biggest IPOs, including Spotify, Snowflake and Roblox.   As recently as 2018, there was no shortage of cryptocurrency exchanges. At the height of the initial…

FQX Partners with Switzerland’s SIX Digital Exchange

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SIX Digital Exchange (SDX), a wholly-owned subsidiary of Switzerland-based SIX, and FQX, a Zurich-headquartered fintech and blockchain startup, announced today that the companies have agreed to collaborate on blockchain-based short-term debt instruments. Backed by prominent financial technology investors, FQX is a SIX Fintech Ventures’ portfolio company. The firm has more than 20 employees in Europe and Asia. According to FQX, it is using blockchain technology to revolutionize the global debt infrastructure. The international short-term financing markets are growing rapidly. An estimate indicates that the annual global transaction volumes related to…

NAGA to Launch Crypto Exchange in March, January Revenue Hits Record

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Hamburg-headquartered NAGA Group AG (XETRA: N4G) is taking another major leap into the crypto industry and is set to launch its cryptocurrency exchange on March 7, 2022. Dubbed NAGAX, the exchange platform will list more than 50 digital assets initially and offer a cryptocurrency wallet to the users. But, similar to the parent platform, Naga.com, the focus of the new platform will be on providing social trading services, but only with cryptocurrencies. “Thanks to years of experience as a market maker, connected to a wide variety of    liquidity  Liquidity…

68% of investment execs think clients shouldn’t own cryptocurrency

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A Bitcoin ATM is seen inside a gas station in Los Angeles on June 24, 2021. CHRIS DELMAS | AFP | Getty Images Roughly 2 out of 3 “fund selectors” don’t think individual investors should own cryptocurrency in their portfolios, largely for reasons related to transparency and regulation, according to a Natixis Investment Managers survey. Fund selectors at brokerage houses, financial advisory shops, private banks and other institutions analyze and choose the investments their firms offer customers. Sixty-eight percent don’t think individuals should have access to crypto, according to the…

Gary Gensler Says SEC Working With Crypto Exchanges To Adjust Rulesets and Promote Investor Protection

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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the agency is coordinating with digital asset exchanges in order to protect the interest of the public. In a new interview with Bloomberg, Gensler says that part of the SEC’s agenda is to communicate with crypto exchanges in order to establish regulatory certainty on the many available digital assets. “The agency is really just looking out for investors and many of these tokens, not trying to pre-judge any one, but many of these tokens have the attributes of securities. …

U.S. Cryptocurrency Miners Cheer Reporting Rule Clarity

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  U.S. Treasury Department clarifies that certain cryptocurrency industry participants would not be expected to report user data, including miners and stakers  Move by U.S. Treasury Department to clarify reporting requirements should be seen as a victory for cryptocurrency industry participants who had long lobbied against the onerous disclosure burdens     While many adjectives can be used to describe cryptocurrency miners, being a “broker” is probably not one of them. Cryptocurrency miners using specialized computer processing equipment on an industrial scale to secure blockchains for everything from Bitcoin to Ethereum,…

Bitcoin Exchange Supply Drops to the Lowest Level in 37 Months

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Bitcoin exchange supply is shrinking. Amid global adoption and holding trends, BTC owners have moved their digital assets from trading platforms to crypto wallets substantially in the last three years. Santiment’s recent data highlights a sharp surge in Bitcoin outflows from leading digital exchanges. According to the numbers, BTC trading platforms now hold just 10.8% of the circulating supply of the crypto asset, compared to more than 14% in February 2021. With that, the    exchange  Exchange An exchange is known as a marketplace that supports the trading of derivatives,…

Eight Small-Cap Altcoins Get Custody Support From Top US Crypto Exchange Coinbase

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Coinbase continues to expand its crypto footprint by offering custodial services to more than half a dozen altcoins. In a pair of tweets, the US-based cryptocurrency exchange says that it’s adding eight new cryptos to its roster of 150+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $FX, $ENS, and $TRAC Details here → https://t.co/HtybLZgDc1 pic.twitter.com/4XL1ZeQWb3 — Coinbase Assets (@CoinbaseAssets) February 10, 2022 Coinbase Custody is a custodial service for institutional investors with big money. It’s chartered in New…

Crypto Exchange Binance Buys Into Forbes With $200,000,000 Investment

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Two powerhouses from opposite sides of the financial spectrum are joining forces to take on the digitized future of currencies together. In a new announcement, Forbes says that leading crypto exchange Binance will invest $200 million as part of a strategic investment. Forbes CEO Mike Federle says of the new partnership, “Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets. With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and…