Tag: Exchange

Poland’s GPW Acquires 65% Stake in Armenia’s Only Stock Exchange

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The Warsaw Stock Exchange (GPW), a stock exchange in Warsaw, Poland, has completed its 65.03% majority shares acquisition of the Armenia Securities Exchange (AMX), the only stock exchange in Armenia. 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. Marek Dieti, President of the Management Board of the GPW, on Tuesday signed a share purchase agreement as the buyer of the exchange. The agreement, which was signed in Yerevan, Armenia’s capital, was also…

Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM

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Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) which it will use to expand its business and its ecosystem. Rather than receiving the $200 million in funding all at once, Unizen noted on June 27 that the investment will come in the form of a “capital commitment’, with part of the funding released upfront and the rest will be provided later based on achieved milestones. Unizen did not disclose what particular criteria it had to achieve to receive the funding. Unizen…

Crypto exchange FTX is looking into acquiring Robinhood: Report

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Cryptocurrency derivatives exchange FTX is reportedly eyeing a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). Citing people familiar with the matter, Bloomberg reported Monday that FTX is holding internal deliberations about whether to acquire Robinhood. Although no decision has been made to pursue a takeover, FTX is said to be taking the matter seriously. Bloomberg’s contact clarified that FTX has yet to approach Robinhood with a buyout proposal and that it could still decide against pursuing…

Banxa, an Australian crypto exchange, eliminates 70 jobs.

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In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company’s personnel count soared to over 230. According to AFR, the CEO of BANXA, Holger Arians, said in a letter to employees, “Banxa must take decisive actions to reduce costs now, or else our company won’t be able to…

Crypto Exchange Binance Launches New Platform Aimed at Institutional Investors

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Binance has announced the launch of a new platform specifically built for VIP clients and institutional crypto investors. The world’s largest exchange by trading volume says that Binance Institutional is aimed at leveling up its products and services for institutional investors, asset managers, brokers, hedge funds, family offices, proprietary trading firms, liquidity providers, high-net-worth individuals and mining companies. Binance Institutional provides a range of proprietary offerings, including support for trading on credit, over-the-counter services for trade sizes of at least $200,000, yield products for clients and other professional services. Binance…

My Liquidity Partner (MLP) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 27, 2022 – LBank Exchange, a global digital asset trading platform, has listed My Liquidity Partner (MLP) on June 23, 2022. For all users of LBank Exchange, the MLP/USDT trading pair is now officially available for trading. Utilizing liquidity partners’ crypto within the liquidity pools, My Liquidity Partner (MLP) enables them to receive a weekly passive income from a major DEX with over $1 Trillion U,S. Dollar in trade volume. Its native token MLP has been listed on LBank Exchange at 22:00…

Crypto Exchange FTX Interested in Acquiring a Stake in BlockFi: Report

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The Bahamas-based digital asset exchange FTX is reportedly interested in acquiring a stake in crypto lender BlockFi. The Wall Street Journal reports discussions between the firms are ongoing and that no equity agreement has been reached yet, according to anonymous sources. Earlier this week, FTX agreed to provide BlockFi with a $250 million line of credit. Zac Prince, BlockFi’s chief executive, said the money is “intended to be contractually subordinated to all client balances across all account types (BlockFi interest account, BlockFi personal yield and loan collateral) and will be…

Singapore Based Crypto Exchange Bybit Expands to Argentina – Exchanges Bitcoin News

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Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations. Bybit Lands in Argentina The growth of the cryptocurrency industry in Argentina has not gone unnoticed by international companies. Bybit, a Singapore-based, top-ten crypto exchange by volume traded, has announced that it will expand its trading…