Tag: Exchange

BTC optimism sparks as exchange supply hits 6-year low

Bitcoin breeds a wave of cautious optimism among traders following the breach above $28,000, as supply on exchanges hit a six-year low amid high whale activity. Santiment highlighted this trend in its latest monthly report, pointing out several metrics compounding the renewed optimism. The report confirmed that as Bitcoin (BTC) surged past $28,000, traders held their breath, waiting to see if the momentum would persist.  📊 October started with a bang, and then calmed down in a hurry. But there is reason to be optimistic with whale accumulation and the…

Coinbase crypto exchange obtains payment license in Singapore

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The United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore by securing major regulatory approval from the country’s central bank. Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, the firm announced on Oct. 1. The new license, coming one year after Coinbase’s initial in-principle approval in Singapore, enables the company to expand its digital payment token services to individuals and institutions in the country. According to MAS, MPI-licensed firms are authorized to conduct payment services without being subjected to transaction limits of…

Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX

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Venture capitalist Kevin O’Leary says that a major crypto exchange is being set up to launch in the Middle East. In a new Fox Business interview, O’Leary says that the hostile regulatory climate in the United States is letting innovative crypto firms slip away from the country. The Shark Tank star says that instead of burgeoning in the US, major players are looking to build in other countries that have a friendlier stance on the nascent industry. “This hasn’t been announced yet but in Abu Dhabi, they are planning to…

US-Based Crypto Exchange Gemini To Halt Trading Services in European Country of 17,000,000

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US-based crypto exchange Gemini is shutting down its trading operations in the Netherlands, which boasts the sixth-largest economy in the European Union (EU). In a new announcement, the company says that it will stop offering crypto services to the Dutch market on November 17th, due to requirements imposed by the De Nederlandsche Bank (DNB), the Netherlands’ central bank. Gemini says its customers need to withdraw their crypto and fiat balances by that date. “If you fail to withdraw your funds as outlined above, we are permitted to sell any remaining…

US-Based Crypto Exchange Kraken Continues Expansion by Pushing Into Traditional Stock Offerings: Report

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US-based crypto exchange Kraken is reportedly adding to its suite of products with the addition of traditional stock offerings. According to a new report by Bloomberg Law, sources familiar with the matter say that Kraken is planning on offering US-traded stocks and exchange-traded funds (ETFs) to its customers. This marks the first time that Kraken has ventured outside of the world crypto assets, according to the report. Initially, the crypto exchange plans to sell traditional stock offerings in the United States and the United Kingdom through Kraken Securities, a new…

Crypto.com to become preferred exchange for PayPal USD

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Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD).  According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading features coming soon.” This move builds on PayPal and Crypto.com’s previous partnership, such as an option to use PayPal to top up the Crypto.com Visa Card, according to the press release. In his commentary, Joe Anzures, the Senior Vice President…