Tag: Exchange

The Rapid Rise of IXFI Exchange

PRESS RELEASE. Zurich, Switzerland, April 1st, 2023 – Since its launch at the end of 2021 by founders Cristian Andrei, Shailesh Rajput, and Alexandru Badoi, IXFI has attracted nearly 9 million unique visitors and over 350,000 active platform users. The IXFI app has ranked among the top 15 most downloaded finance mobile applications in Eastern Europe. This performance surpasses established industry competitors and solidifies the company’s position as a popular & trusted crypto trading platform but also recently the biggest buy crypto platform, now used in over 100 countries across…

Justin Sun rumored to be selling his Huobi Exchange shares

Sources have it that Justin Sun, the inventor of Tron, is in talks to sell some of his holdings in Huobi Global, a crypto exchange. Last year, Justin Sun paid $1b for the crypto exchange after Hong Kong-based investment company About Capital, managed by Leon Li, the exchange’s creator and primary shareholder bought it out. Justin Sun disputes selling his Huobi Global stock According to a source with intimate knowledge of the situation who spoke with Bloomberg, Justin Sun has talked with possible investors about selling a stake in Huobi Global. A Huobi…

Crypto exchange Bittrex to wind down operations in the US

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Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking a bittersweet moment for the company.  Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. operations, effective April 30, 2023. All funds are safe and can be fully withdrawn immediately. This does not affect customers of @BittrexGlobal https://t.co/MY4u7XLk9z — Bittrex (@BittrexExchange) March 31, 2023 Co-founder and CEO Richie Lai shared…

Crypto Exchange Aggregator 1inch Proposes Diluting Some Insiders’ Voting Power

In a community call on Friday that CoinDesk attended, Jordan Reindl, a member of 1inch’s community and governance team, proposed the protocol dilute the voting power of insiders who have received their full allotment of v1inch vesting tokens, a derivative token redeemable for 1inch. Conversely, v1inch tokens that remain locked up for two years or longer would have 100% of their voting weight, the proposal said. Source

Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month

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“It’s just not economically viable for us to continue to operate in the current U.S. regulatory and economic environment,” said Bittrex co-founder and CEO Ritchie Lai in the statement. “Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape,” he continued. “Operating in the U.S. is no longer feasible.” Source

Crypto Exchange Binance Rolls Out New Trading Support for Under-the-Radar Altcoin

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Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin. Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings. Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.” Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total…

Boerse Stuttgart Stock Exchange Taps BaFIN License to Offer Crypto Custody

Ranking as the sixth largest stock exchange in the European Union and second in Germany, Boerse Stuttgart is committed to doubling down on its track record concerning its new crypto service offerings. German stock exchange service provider Boerse Stuttgart Exchange has landed the license to offer a crypto custody service from the country’s top financial regulator BaFin. As reported by FinanceFeeds, the license will now position Boerse Stuttgart as a one-stop shop for service providers ranging from crypto brokerages and trading for institutional investors. The license is the first of…