Tag: Exchange

Leading US Crypto Exchange Coinbase To Offer Bitcoin Futures Product on New Derivatives Exchange

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Crypto exchange giant Coinbase is announcing the launch of its first-ever Bitcoin (BTC) derivatives product. According to a new company blog post, Coinbase’s Derivatives Exchange will launch Nano Bitcoin Futures (BIT), its first listed Bitcoin futures product, on June 27th, with each contract being valued at 1/100th of a Bitcoin. “Coinbase Derivatives Exchange, a [Commodity Futures Trading Commission] regulated Designated Contract Markets (DCM) futures exchange, will launch its first listed crypto derivatives product on June 27: Nano Bitcoin futures (BIT). Initially, BIT futures will be available for trading via several…

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions – Emerging Markets Bitcoin News

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Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares that the exit from Venezuela has to do with the “complexity of complying with U.S. sanctions.” Uphold Abandons Venezuelan Markets Uphold, a New York-headquartered cryptocurrency exchange and stock trading platform, has announced that it will no longer serve customers registered in Venezuela.…

Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product – Exchanges Bitcoin News

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On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT, a Futures Product Tied to 1/100th of a Bitcoin Coinbase is getting into the world of crypto derivatives as the Coinbase Derivatives Exchange has announced the launch of BIT, a nano bitcoin futures product tied…

GRN (G) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 24, 2022 – LBank Exchange, a global digital asset trading platform, has listed GRN (G) on June 24, 2022. For all users of LBank Exchange, the G/USDT trading pair is now officially available for trading. The blockchain industry has been a source of contention due to its wasteful use of power and resultant e-waste, which prevents them from acting as a viable alternative to the current centralized system or for wider adoption. To combat these issues, GRN Grid is designed as an…

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia – Regulation Bitcoin News

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A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of another draft law banning their use as a means of payment. New Bill Targets Russian Platforms Issuing and Trading Digital Currencies Outside Law Persons and entities illegally issuing digital financial assets (DFAs), the current definition of cryptocurrencies in Russia, will have to pay hefty fines, according to a bill recently submitted to the State Duma, the lower house of…

Executive From Crypto Exchange Huobi Accused of Netting $5,000,000 via Illicit Trading: Report

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Crypto exchange Huobi is reportedly suing a former executive accused of raking in $5 million in Tether (USDT) by secretly trading against a company account under his control. The Financial Times reports Chen Boliang engaged in the illegal trading scheme between February and March 2020 while he was still a senior manager in Huobi’s institutional client’s department. The lawsuit claims Chen set up a Huobi retail account using his father’s name and gave it a $20-million credit line from the exchange. He then used it to trade against a corporate account…

Bitcoin Exchange Supply Hits the Lowest Level in 42 Months

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Bitcoin supply on leading crypto trading platforms has plunged to its lowest level since November 2018 amid the recent market correction. According to the data posted by on-chain analytics platform Santiment, digital asset exchanges now hold just 9.3% of the BTC supply, compared to almost 15% in June 2020. 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. While the Bitcoin exchange supply has dipped in the past few years, the percentage of…

Canada’s Ontario Regulator Bans Crypto Exchange Kucoin, Fines Bybit

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Canadian state regulator, the Ontario Securities Commission (OSC), has taken enforcement action against two cryptocurrency exchanges, Bybit and Kucoin, for not complying with local regulations. 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. The OSC issued a warning on March 29, 2021, to the unauthorized crypto exchange in the state to contact the regulator or face enforcement action. However, both exchanges continued to operate in the Canadian state without approaching the regulator…