Tag: Exchange

Brazil’s Largest Crypto Exchange Gains Payments License

boss

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, received a payment institution license from the country’s central bank late last week, local media Valor Economico reported. It will enable the crypto exchange to operate as a payment institution under the status of an electronic money issuer. Under the new license, the Brazilian crypto exchange will enhance its fintech offerings under MB Pay. It can provide Brazilian users with digital banking services using held crypto assets, including digital fixed-income investments, staking, and other financial transactions. Additionally, the exchange is planning to…

Coinbase Derivatives Exchange To Launch ‘Institutional-Sized’ Bitcoin (BTC) and Ethereum (ETH) Futures Contracts

boss

Top US-based crypto firm Coinbase says its derivatives exchange is gearing up to launch “institutional-sized” Bitcoin (BTC) and Ethereum (ETH) futures contracts next week. According to a new press release, Coinbase Derivatives Exchange says it plans to make the contracts, called Coinbase Bitcoin (BTI) and Coinbase Ether (ETI), available on Monday, June 5th. BTIs and ETIs will be settled in US dollars and represent one Bitcoin and 10 Ethereum per contract, respectively. Says Boris Ilyevsky, the head of Coinbase Derivatives Exchange, “In addition to risk management and enhanced precision, these…

Brazil’s crypto exchange Mercado Bitcoin licensed as payment provider: Report

boss

Cryptocurrency exchange Mercado Bitcoin was granted a payment provider license from Brazil’s central bank on June 2, according to local media reports. With the license, the company will launch its fintech solution MB Pay. “The approval of the Central Bank is a crucial step, as it allows us to continue expanding our business and providing a better service to our customers,” said Roberto Dagnoni, CEO of 2TM, the parent company of Mercado Bitcoin. As a payment institution, MB Pay can provide Brazilian users with certain digital banking services using crypto…

Coinbase Derivatives Exchange Launches Bitcoin and Ether Futures

boss

Coinbase Derivatives Exchange, a derivatives platform linked to its namesake cryptocurrency exchange, will introduce Bitcoin and Ether futures contracts for institutional clients on June 5. Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts, sized 1 Bitcoin and 10 Ether per contract, respectively, will be accessible through third-party institutional Futures Commission Merchants (FCMs) and brokers, the company announced on Friday. Coinbase in the announcement said it has witnessed increased demand for futures contracts among investors. Futures contracts are agreements that allow investors to buy or sell an asset at a…

Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the country’s financial regulator, the Bermuda Monetary Authority (BMA). The company said the derivative platform would enable traders to speculate on the…

Coinbase Derivatives Exchange set to roll out BTC and ETH futures

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts. Coinbase, on June 1, revealed its plans to introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5 through its Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange. The futures contracts will be targeted toward institutional investors. According to Coinbase, the newly announced institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ethereum. This sizing is intended to enable clients to effectively manage their exposures…

Crypto Exchange Bybit Leaves Canadian Market Weeks Following Same Move by Binance

boss

Crypto exchange Bybit announced that it will cease offering its products and services in Canada just weeks after industry giant Binance decided to leave the country. In a new statement, Bybit says it will stop serving the Canadian market citing challenges in complying with new regulatory measures. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and…

Crypto Exchange Gemini Seeks Operational License in UAE After European Expansion

Gemini is looking to expand its business offerings across the UAE as regulators begin to accept applications for VASP licensing. Leading cryptocurrency exchange Gemini has announced its plans to secure a license in the United Arab Emirates (UAE) to tap into the surging interest in digital assets in the region. The move aligns with the company’s commitment to catering to the evolving needs of investors and its plans to strengthen its position in the global crypto market. In a blog post published on May 31, the American-based exchange, owned by…