Tag: Exchange

Huobi to Launch Huobi Hong Kong Crypto Exchange

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Huobi, a major crypto 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 supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of…

Maximize Your Crypto Wallet with LYOTRADE Exchange

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LYOTRADE is a cryptocurrency exchange platform that aims to provide a comprehensive and convenient trading experience for its users. The platform has been designed to cater to the needs of both novice and experienced traders, offering a wide range of features and tools that cater to their specific requirements. In this article, we will take a closer look at LYOTRADE and explore some of the key features that make it stand out from other cryptocurrency exchanges in the market. One of the key features of LYOTRADE is its ease of…

Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes

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Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong, as the Chinese special administrative region considers new licensing and regulatory moves that would allow them to serve retail customers. The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the exchange to expand its services to the city. Huobi also plans to open a new exchange named Huobi Hong Kong that would concentrate on institutional and high-net-worth individuals, according to a tweet thread by Justin Sun. The SFC has…

Crypto exchange FTX Japan to resume withdrawals on Feb. 21

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According to a press release on Feb. 20, FTX Japan, the Japanese subsidiary of troubled cryptocurrency exchange FTX, announced that the withdrawal of users’ fiat currency and crypto assets would commence via the Liquid Japan web platform at 12:00 p.m. on Feb. 21.  In Nov. 2022, FTX Japan halted operations after its parent firm, FTX, filed for bankruptcy along with its 134 subsidiaries, freezing the assets of an estimated nine million customers and billions of dollars locked in legal proceedings. Per FTX Japan, customers who have assets in their accounts…

Huobi to Establish Crypto Exchange in Hong Kong, Applies for License, HT Token Is Up

Huobi saw its native token value surge on news that it had applied for a crypto trading license in Hong Kong.  Huobi token (HT) has experienced an 18% surge following Huobi’s application for a crypto trading license in Hong Kong. The HT token traded at $6.1 as of press time, the first time since last October following Justin Sun’s appointment as a general advisor. Earlier today, Sun took to Twitter to make the high-profile Hong Kong application announcement which read: “Big news for crypto today: @HuobiGlobal has announced that it’s applying for a…

Hedge fund closes operations after losing funds in FTX exchange: Report

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Hedge fund Galois Capital, one of the victims of the FTX collapse, has thrown in the towel after half of its assets got trapped in the bankrupt exchange. The fund has finally decided to shut down and return its remaining assets to investors.  On Nov. 12, the hedge fund admitted in an announcement from its official Twitter account that it had significant exposure to the FTX exchange. For the record, yes we did have significant funds stuck on FTX. No, we did not use any Bahamian method to move funds…

Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange – Featured Bitcoin News

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The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS executive described. DBS Sees Record Trading Volumes for Bitcoin and Ether DBS, the largest bank in Southeast Asia, announced last week that its digital asset exchange saw record trading volumes for bitcoin and ether in…

Former FTX Executive Nishad Singh To Plead Guilty to Fraud Charges Related to Exchange Collapse: Report

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FTX’s former director of engineering is reportedly planning to plead guilty to fraud charges related to the crypto exchange platform’s high-profile downfall. According to a new report by Bloomberg, Nishad Singh is currently working out a plea deal with prosecutors that would have him plead guilty to fraud charges and possibly join forces with authorities against Sam Bankman-Fried, the firm’s former CEO and disgraced founder. If Singh were to ink a deal with the prosecutors, he would be the third member of Bankman-Fried’s inner circle who cut deals with authorities…

FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange – Bitcoin News

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On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi. FTX Debtors Leverage Official Twitter Account to Inform Community FTX debtors who control the official FTX Twitter…