Category: Exchanges

24 Exchange Enters the US: Gains SEC Approval

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24 Exchange, which began by offering FX NDFs, has entered the United States after receiving approval from the Securities and Exchange Commission (SEC) to operate a securities exchange in the country. Filling the Gap in the Market Announced yesterday (Wednesday), the newly approved platform has been named 24X National Exchange. It will enable trading of US securities for 23 hours each workday, supporting extended trading hours. The exchange’s services will be available to retail and institutional customers globally, allowing them to trade US equities through broker-dealers approved as members of…

Why exchange-traded funds are a ‘growth engine’ of active management

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Images By Tang Ming Tung | Digitalvision | Getty Images Actively managed exchange-traded funds are a growing trend in the investment space. To that point, investors have pulled money from active mutual funds and sought out actively managed ETFs in recent years. Investors yanked about $2.2 trillion from active mutual funds from 2019 through October 2024, according to Morningstar data. At the same time, they added about $603 billion to active ETFs. Active ETFs had positive annual inflows from 2019 through 2023 and are on pace for positive inflows in…

Crypto Exchange Kraken Adds PNUT, NEIRO, NOT and 16 Other Altcoins to Listing Roadmap

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Crypto exchange giant Kraken is adding a slew of altcoins to its listing roadmap, signaling upcoming additions to its suite of products. On its updated listing roadmap – which is typically used for transparency and to prevent the front-running of tokens prior to them being listed – the second-largest crypto exchange platform in the US says it’s going to be adding 19 altcoins. Some notable digital assets on the roadmap include memecoins Peanut the Squirrel (PNUT) and Neiro (NEIRO), and tap-to-earn gaming token Notcoin (NOT). Other memecoins being added include…

Bankrupt Crypto Exchange FTX Set To Begin Paying Creditors and Customers in Early 2025, Says CEO

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The CEO of fallen crypto exchange FTX says the firm will begin distributing its bankruptcy payments soon. In a statement, John Jay Ray III says payments to FTX creditors and customers will begin early next year amid anticipation that the company’s court-approved Chapter 11 Plan of Reorganization will be effective by early January 2025. “We are pleased to announce that we will begin distributing proceeds in early 2025. The timeline laid out reflects the experience and continued work of the team of professionals supporting the Debtors, who already have recovered…

CrossFi Announces the Listing of Its XFI Token on Gate.io Exchange With $30,000 Giveaway

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November 21, 2024 – San Francisco, California DeFi (Decentralized finance) blockchain CrossFi has announced that its native XFI token will be listed on tier-one crypto exchange Gate.io. The token will commence trading at 4:00 a.m. PST on November 21, 2024, paired against USDT. CrossFi seamlessly integrates traditional banking services with blockchain technology to provide users with a smooth and secure financial experience. The listing of XFI on Gate.io will make it easier for users to acquire CrossFi’s native asset and utilize it with the growing CrossFi ecosystem of DeFi products.…

Crypto Exchange Tokens: Tomorrow’s Blue Chip Investments

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The Rise of Crypto Exchange Tokens as Blue Chips Institutional interest in cryptocurrencies is surging, driven by the success of spot Bitcoin ETFs and increasing adoption of blockchain technologies. While much of the crypto market remains speculative, exchange tokens, the native cryptocurrencies of trading platforms, are well-positioned to become the blue-chip investments of the digital finance era, offering both stability and exponential growth opportunities. What Are Crypto Exchange Tokens? Crypto exchange tokens serve as utility tokens for trading platforms, offering fee discounts, rewards, and other benefits. Unlike traditional cryptocurrencies like…