Indices are a popular product in traditional finance with the Chicago Mercantile Exchange, S&P Futures or Nasdaq Futures, allowing traders exposure to the whole market. The new products would soon be complimented by a copy trading option, as well as on-chain U.S. Treasury Bills, WOO X chief operating officer Willy Chuang said. Source
The world of memecoins continues to be a rollercoaster ride, and Pepe (PEPE) is no exception. Recent on-chain data reveals a surge in tokens moving out of exchanges, potentially signaling a bullish sentiment among investors. However, conflicting indicators cast a shadow of doubt on the sustainability of this upward trend. Pepe Soars Out Of Exchanges, Suggesting Investor Confidence A significant development for PEPE is the movement of a large number of tokens away from exchanges. According to Santiment, a blockchain analytics platform, the supply of PEPE outside exchanges reached a…
March proved to be another breakthrough month for the cryptocurrency market, with spot volumes on the 10 largest exchanges growing by an average of 119% compared to March, responding to Bitcoin’s historical highs, which tested levels above $73,000. Trading activity among investors on the largest centralized platforms reached levels not seen since May 2021. The record-breakers over the past year, on the other hand, grew two, three, or even six times. In March, Bitcoin closed its seventh consecutive month of uninterrupted growth, adding another 17% to its value and setting…
The HashKey Group, an Asian entity specializing in digital asset services, has unveiled the HashKey Global exchange after securing a license in Bermuda to provide regulated digital asset trading services. The announcement was made today (Monday), marking a milestone for the firm headquartered in Hong Kong, with operational presence in Singapore and Tokyo. With the unveiling of HashKey Global, the firm is poised to expand its offerings, starting with spot trading services for 21 digital assets. Among the featured assets are popular cryptocurrencies such as bitcoin, ether, Tether’s USDT, and…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CryptoX is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CryptoX was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CryptoX operates as…
The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According to a recent on-chain observation, the BTC supply on exchanges has been on a steady decline over the past few months. This trend has sparked discussions on what this could mean for the Bitcoin price, both in the short and…
Coinbase has achieved a groundbreaking milestone by becoming the first international and largest cryptocurrency exchange to register as a Restricted Dealer with the Canadian Securities Administrators (CSA). This achievement, following Coinbase’s formal launch in August 2023, underscores its commitment to establishing a strong presence in the Canadian market, which it has identified as a key market for expansion. The journey towards registration began in March 2023 when Coinbase signed an Enhanced Pre-Registration Undertaking, demonstrating its dedication to regulatory compliance and operational excellence. In its pursuit of registration, Coinbase worked closely…
Hong Kong’s financial regulator has issued a warning to the public regarding an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization. The Securities and Futures Commission (SFC) cautioned investors against trading on Sure X, highlighting the risks of potential losses due to platform failure, hacking, or misappropriation of assets. Sure X is a virtual asset trading platform operating under various names, such as “Sure Bit International Pte Ltd” or “Sure Bit International Ltd”. The SFC warned that investors might still find ways…
Beeks, a cloud computing and connectivity provider for financial markets, has partnered with Securities & Trading Technology (STT) to enhance exchange trading and clearing services in the global financial markets. According to the press release, this collaboration aims to provide a suite of services targeting financial institutions. Beeks and STT aim to offer financial solutions delivered as fully managed services. According to these organizations, this approach alleviates the need for huge investments in infrastructure and operational costs. Zack Hodgson, the Chairman of STT, mentioned: “Joining forces with Beeks represents a…
Bitcoin exchange reserves have plummeted to its lowest levels since early 2021, indicating that holders could store BTC another way. More than 90,700 bitcoin have been withdrawn from major cryptocurrency exchanges over the past month, reveals CryptoQuant, stressing a reduction in Bitcoin’s liquid supply and hinting at a long-term holding strategy among investors. According to data from CryptoQuant, the noteworthy outflow from exchanges to cold storage aligns with a multi-year trend, seemingly driven by the digital asset’s price increase, the approval of spot Bitcoin ETFs, and anticipation of the halving…