Tag: Exchange

UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization – Regulation Bitcoin News

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Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to be authorized or registered by us,” said the regulator. FCA Warns About FTX Operating Without Authorization The U.K. Financial Conduct Authority (FCA) published a warning on its website Friday regarding crypto exchange FTX. The regulator detailed: We believe this firm may be providing financial services or products in the…

Infinity Exchange Raises $4.2 Million Funding For Development of DeFi 2.0

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In an effort to increase institutional adoption of decentralized finance (DeFi), DeFi platform Infinity Exchange recently announced a $4.2 million seed investment. Infinity Exchange is run by former Morgan Stanley executive Kevin Lepsoe, who left the traditional finance space to focus his attention on the opportunities that DeFi offers to investors. The founder said that institutional investment is a vital part of developing DeFi 2.0 in its next iteration in order to lay strong economic frameworks. Lepsoe believes that having access to a full rates product suite and fixed-to-floating rates…

Bitcoin exchange inflows see biggest one-day spike since March 2020

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Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of volatility is in the air” On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode. This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020. Bitcoin total transfer volume to exchanges chart. Source: Glassnode The sell-offs…

Infinity Exchange Raises $4.2 Million Seed Round To Accelerate Institutional DeFi and Create the Next Trillion-Dollar Market

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September 15, 2022 – London, England Infinity Exchange, a decentralized finance protocol that provides institutional-grade capital efficiency for traders, yield farmers and global fixed income investors, has closed a $4.2 million seed round, paving the way for the institutionalization of DeFi. The round was led by top-tier financial institutions, including market makers and funds GSR, SIG, CMS, C-Squared and Flow Traders. Proceeds will be used to grow headcount and further develop Infinity’s product offerings, including fixed and floating rate markets, as well as futures and spot trading markets – eventually forming…

ETH Exchange Balance Hits 5-Month High

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Ethereum (ETH) network has witnessed a sharp jump in overall activity during the past few days amid the last stage of its much-awaited network update. On 15 September 2022, the Ethereum Merge went live as Vitalik Buterin, the Co-Founder of ETH, confirmed the development in a Tweet. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Amid the network upgrade, the total ETH balance on prominent exchanges reached 21.96 million for the first…

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Crypto Exchange, Zonda, Expands To Denmark In A Bid To Boost Its User Base Across Europe

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The largest crypto exchange in Eastern Europe, Zonda, announces its expansion to Denmark, enabling users to trade, buy and hold over 60+ crypto assets on the exchanges. One of the largest trading cryptocurrency platforms in Eastern and Central Europe, Zonda announced its expansion to Denmark, as it continues its vision of conquering the continent. The expansion to Copenhagen aims to provide a closer, better and more efficient corporate location for the company’s developers, opening a new pathway to reaching the company’s vision and goals. Announced Wednesday, the newly-opened facility demonstrates…