Tag: Exchange

Coinbase CEO Brian Armstrong Says Crypto Exchange Has Zero Material Exposure to FTX or FTT

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The chief executive of Coinbase is making it crystal clear to stakeholders that the top US-based crypto exchange has no investments in its troubled competitor FTX. Brian Armstrong tells his 1.1 million Twitter followers that Coinbase has zero “material exposure” to crypto derivatives exchange FTX, its native FTX Token (FTT) or its sister company Alameda Research. Armstrong’s statements come amid the abrupt collapse of the embattled crypto exchange FTX. Its native asset FTT is also in the midst of a total meltdown, plunging nearly 75% in the last 24 hours.…

Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays – Exchanges Bitcoin News

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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems. Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record…

MarginX, World’s First Community-Based Decentralized Exchange, Launches on Function X Blockchain – Blockchain News, Opinion, TV and Jobs

MarginX, the world’s first community-based decentralized exchange (DEX), launches on the Function X blockchain today. It runs on a first-of-its-kind multi-chain and on-chain infrastructure that allows investors to trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency. During its beta test in August this year, the DEX accumulated a total transaction volume of more than 45 billion USDT. Currently, with a small group of invited users, the number of transactions on MarginX continues to steadily climb past 48 million, with the most updated…

LBank Exchange Will List Byepix (EPIX) on November 10, 2022 – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 7, 2022 – LBank Exchange, a global digital asset trading platform, will list Byepix (EPIX) on November 10, 2022. For all users of LBank Exchange, the EPIX/USDT trading pair will be officially available for trading at 13:00 UTC on November 10, 2022. As the world’s most exclusive web3-based super-metaverse platform, Byepix (EPIX) is developing its own layer 2 metaverse blockchain, super metaverse protocol, P2E protocol, and metaversification app. Its native token EPIX will be listed on LBank Exchange at 13:00 UTC on…

FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals – Bitcoin News

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According to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com were “effectively paused.” Report Claims FTX CEO Said Exchange Saw $6 Billion in Withdrawals in 72 Hours, Crypto Markets Plummet Following the Acquisition News It’s been a crazy day in the world of crypto as Binance, the largest exchange in terms of digital currency…

FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange

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Crypto Exchange Coinbase Germany Ordered by Regulator to Tackle “Organizational Deficiencies”

CryptoX – Cryptocurrency Analysis and News Portal The Federal Financial Supervisory Authority, known as BaFin, said Coinbase Germany was in violation of standards set by the German Banking Act. The announcement referenced Section 25a (1) of the Act, which lays out requirements for firms to maintain risk-bearing capacity, adequate staffing, emergency management mechanisms such as IT systems and transparent remuneration systems for employees – including management. Source The post Crypto Exchange Coinbase Germany Ordered by Regulator to Tackle “Organizational Deficiencies” appeared first on CryptoX. CryptoX Portal