Tag: Exchange

Huobi Global Acquires Latin American Crypto Exchange Bitex – Bitcoin News

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The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide. Huobi Aims to Step Up Its Presence in Latin America, Acquires Local Bitex Exchange On Thursday, the leading crypto asset exchange Huobi Global announced the company has acquired the Latin American cryptocurrency exchange Bitex. According to…

Top Latin American Crypto Exchange Bitso Lays Off 80 Employees

Bitso has more than four million users in Mexico, Argentina, Colombia and Brazil. The company told CoinDesk in January that it’s aiming to become the largest exchange in Brazil before the end of 2022. In Brazil, Bitso competes with local crypto exchange Mercado Bitcoin, the leader with more than four million customers. Source

South Korean Exchange Korbit to Delist LUNA

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Korbit, a major South Korean  cryptocurrency exchange  Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a…

Crypto Exchange FTX Looking To Acquire Stock Trading Platform Amid Big Expansion: Report

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CNBC is reporting the world’s third-largest cryptocurrency exchange by volume, FTX, is targeting stock trading startups for acquisition. According to CNBC sources, FTX has approached at least three stock trading startups with a view of acquiring them. The report says the talks are at an early stage and no term sheets were signed. A term sheet is a non-binding agreement indicating basic terms and conditions upon which a potential investment could be made. Among the stock trading firms that were approached by FTX include Apex Clearing, a digital clearing and…

Oppenheimer says this exchange operator is a defensive play amid volatility

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Investors looking to play defense in a beaten-up market riddled with volatility may find some relief in exchange operator CME Group, Oppenheimer says. Analyst Owen Lau upgraded CME Group to outperform from perform, saying in a note to clients that the exchange operator is a good pick for investors “defending against the bear.” “Our upgrade thesis has come down to four key points: 1) attractive valuation; 2) rising interest rate with low balance sheet risk; 3) appealing dividend policy; and 4) high margin and healthy growth profile,” Lau wrote. “The…

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs – Bitcoin News

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Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations in countries where it already has an established presence. Buenbit Announces Layoffs Buenbit, an Argentinian cryptocurrency exchange, has announced a change in its hiring strategy due to the recent downturn that the cryptocurrency…

Top US Exchange Coinbase Becomes First Crypto Firm To Be Listed on Fortune 500

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Leading US exchange Coinbase has earned billions in revenue to become the first crypto company to break into the Fortune 500. Coinbase Global (COIN) grossed over $7.8 billion in revenue in 2021, placing COIN at #437 on Fortune’s ranking of the 500 largest US companies by revenue. Coinbase is the first crypto firm to join the list, published on Monday, and was first listed on the Nasdaq in April 2021. Fortune editor-in-chief Alyson Shontell says Coinbase was one of a few “pandemic winners” who managed to profit despite the “freakish circumstances” of…