Blockchain.com Gets Full Approval to Operate Crypto Exchange in the Cayman Islands

Blockchain.com, a cryptocurrency exchange headquartered in London, announced that it had received full regulatory approval from the Cayman Islands Monetary Authority (CIMA) to operate its exchange and clearing house in the Cayman Islands. Following the approval, the Bahamas-based company said it would begin offering regulated crypto derivatives products and trading services to institutional investors in the Cayman Islands, operate a non-fungible token marketplace, and provide over-the-counter Crypto Brokerage Services. Blockchain.com’s chief commercial officer Lane Kasselman spoke of the development: “The Cayman Islands is a key jurisdiction for us — our…

Crypto Exchange Coinbase Adds Support for Two Little-Known Altcoins Built on Ethereum As Markets Dip

The largest crypto exchange platform in the US has just rolled out support for two under-the-radar altcoins built on top smart contract platform Ethereum (ETH). In a new announcement, Coinbase says it’ll launch trading for NFT-focused SuperRare (RARE) and food supply-chain platform TE-FOOD (TONE) on Tuesday once liquidity conditions are met. SuperRare is an exclusive crypto art marketplace that lists a curated selection of digital artwork from high-profile NFT artists and creators. Its marketplace began as a centralized platform until last year when it introduced RARE, its governance token, and…

SIX Swiss Exchange Sees 2-Month Fall as Turnover Slumps to CHF 77.2B

SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, recorded a two-month decline in its trading turnover in July. 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. In July, total trading turnover came in at CHF 77.2 billion, a -21% decrease from the CHF 97.8 billion generated in June. The exchange also recorded 4,124,210 trades last month, a -16.2% month-on-month (MoM) decline. SIX Swiss Exchange disclosed these on Tuesday…

NFT Exchange Magic Eden Expands to Ethereum

“We don’t think winning on ETH will happen overnight. We are entering the market with humility and are prepared to build for a long while,” Zhuoxun Yin, co-founder of Magic Eden, told CoinDesk. “With that being said, we have a strong conviction for our hypothesis on what NFT creators and collectors need from their marketplace.” Source

Huobi gets green light as exchange provider in Australia

Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. Cointelegraph has reached out to Huobi to ascertain whether it will be able to offer full exchange services. The company initially indicated it would focus on providing OTC services after receiving its registration. The exchange continues to look at broadening its horizons and is…

Coinbase CEO Brian Armstrong Reveals What It Takes for Altcoins To Be Listed on Exchange

The head of the biggest crypto exchange in the US is revealing the company’s strategy for listing new digital assets on its platform. In an interview with Lex Fridman, Coinbase CEO Brian Armstrong says that the first step of listing an altcoin on the exchange is determining whether or not the asset qualifies as an unregistered security. “We basically have a test of legality. We check: ‘Do we believe this is a security?’ If so, it can’t be listed on Coinbase. And there’s a very rigorous process we go through…