Tag: Exchange

OKX Becomes Another Crypto Exchange to Start HK Branch

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The number of big cryptocurrency brands looking to enter the Hong Kong market continues to grow. All thanks to new regulations on digital assets, which are set to take effect in June and make China’s special administrative region a crypto enclave. OKX, the second-largest exchange in the world in terms of trading volumes, has just announced plans to open a branch in HK. OKX to Apply for VASP License and Launch Hong Kong Subsidiary According to Tuesday’s press release, OKX has established a Hong Kong entity to launch virtual asset…

Horizon certified for Montreal Exchange trading

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Horizon Software, an algorithmic and electronic trading technology solution provider for global capital markets, has announced its certification on the Montreal Exchange (MX). According to Tuesday’s press release sent to Finance Magnates, the certification allows Horizon’s clients to trade exchange-traded derivatives, such as equity, index, currency options, and interest rate derivatives, on the MX platform. Horizon is now equipped to offer connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers,…

Bitget Becomes the First Centralized Exchange To Offer Financial Transparency Through Space and Time

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March 27, 2023 – Victoria, Seychelles Bitget, the largest crypto copy trading platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will enable Bitget to offer users unparalleled transparency of exchange operations with a verifiably tamperproof audit trail of data and computation. Bitget is the first centralized exchange to leverage a decentralized data warehouse. The trustless Space and Time platform will provide Bitget users with verifiable evidence that the exchange holds the assets it claims to own on behalf of…

CFTC Sues Binance for Illegal Derivatives Exchange, “Numerous Violations”

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The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against cryptocurrency exchange Binance and Changpeng Zhao, its Chief Executive Officer, for “numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The US derivatives market regulator also charged Binance for operating an illegal digital asset derivatives exchange. The agency disclosed these on Monday, noting that it filed the charges before a district court in Illinois. According to the regulator, Binance acted as “a designated contract market or swap execution facility” by processing derivatives transactions without being registered. Today…

Crypto Exchange Binance, Founder CZ Sued by CFTC Over Unregistered Derivatives Products

The lawsuit, filed in the U.S. District Court for the Northern District of Illinois on Monday, alleged that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suit also alleged that the company, under CZ’s leadership, directed its employees to spoof their locations through the use of virtual private networks. Source BinanceCFTCCryptoDerivativesExchangeFounderProductsSuedUnregistered CryptoX Portal

Crypto Exchange Binance and CEO Changpeng Zhao Sued by CFTC Over Regulatory Violations

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Crypto exchange Binance launches new regional hub in Georgia

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Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia. On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities. According to the announcement, Binance’s Georgia division currently employs 25 people cooperating with the local public and private sectors to organize educational and hackathon…

Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community – Exchanges Bitcoin News

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The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S. Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked cryptocurrency exchange Bitzlato, has turned to the crypto community, hoping to find U.S. citizens who would agree to become guarantors for his release…

Huobi exchange inks partnership deal with Copper

Huobi and Copper have partnered with Copper to join the ClearLoop Network. The integration will make it possible for the institutional clients of both firms to delegate capital for trading on Huobi while their assets remain under Copper’s secure custody. Huobi, the world’s 13th-largest digital assets trading venue, according to CoinMarketCap, has inked a memorandum of understanding (MoU) with Copper, a provider of cryptocurrency custody and trading solutions designed to reduce counterparty risks.  This will enable Huobi to join Copper’s ClearLoop Network. This solution facilitates seamless fund delegation to centralized…

Owner of Major US Stock Exchange To Launch Crypto Custody Services by June: Report

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The parent company of a major US stock exchange is reportedly looking to launch crypto custody services by June. According to a new report by BNB Bloomberg, Nasdaq INC., the owner of the New York-based Nasdaq Stock Exchange, expects its crypto custody services to be available by the end of the second quarter. Ira Auerbach, head of Nasdaq Digital Assets, told Bloomberg in an interview that the firm is currently in the process of acquiring the regulatory consent and necessary infrastructure it needs to launch. Auerbach also says that offering…