Tag: Exchange

Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over

boss

Bitcoin and Ethereum have been at the forefront of market sell-offs that were triggered by the UST crash. Since then, sellers have continued to dominate the market and even with buyers making significant moves, it continues to be a seller’s market. The hope had been that a reversal in this trend would be witnessed with the start of the new week. However, inflow and outflow trends have indicated that sell-offs may continue for much longer. Bitcoin, Ethereum Inflows Remain High For Monday, there were some encouraging reversals in the price…

Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say

boss

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood. The Bahamas-based company has approached at least three privately held trading start-ups about an acquisition, according to sources familiar with those negotiations, who asked not to be named because the deal talks were confidential. The discussions were…

Weekly Ethereum Exchange Outflows Hit $5.7 Billion

boss

Crypto exchanges witnessed a sharp surge in Ethereum outflows during the past week as nearly $5.7 billion worth of ETH left prominent digital asset trading platforms. During the mentioned period, inflows came in at $4.8 billion. According to Glassnode’s data, Ethereum whales accelerated the movement of the world’s second-most valuable digital currency from crypto platforms to digital wallets. As far as the ETH network is concerned, the total number of ETH whales has increased in the recent market correction. 290,162 Ethereum addresses now hold at least 10 coins, the highest…

Middle East Crypto Exchange Coinmena Enters the Qatari Market, Regulator Says No Institution Licenced – Featured Bitcoin News

boss

Coinmena, the Bahrain-based cryptocurrency exchange, recently announced that residents of Qatar can now buy and sell cryptocurrencies on its platform. The cryptocurrency exchange claimed it is the first regulated digital asset exchange to open its platform to Qatari residents. Residents Can Now Connect Bank Accounts to Their Crypto Wallets The Bahrain headquartered cryptocurrency exchange, Coinmena, has become the first regulated digital asset exchange to offer its services in Qatar. According to a statement released by the exchange on May 19, Coinmena’s foray into Qatar means the country’s residents can now…

Brazilian Crypto Exchange of Nox Bitcoin Set to Refund All UST Holders’ Losses with USDT

boss

Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k for the refunds. Additionally, during the UST depegging, OKX was the only crypto-exchange to notify its users of the potential risks of the stablecoin collapse. OKX risk protection system kicked in on May 8th, releasing UST from staking so that it could be traded or sold. The Brazilian crypto exchange of Nox Bitcoin has announced that it will refund all…

Crypto Exchange FTX Launches Zero-Fee Stock Trading Platform for US Customers

boss

Crypto exchange FTX is jumping into equities trading, launching the beta phase for FTX Stocks. The Bahamas-based exchange has launched FTX Stocks, offering trading and investing in hundreds of US exchange-listed securities, including common stocks and exchange-traded funds (ETFs). The platform is integrated into FTX’s existing trading app and is available for select US customers who were selected from a waitlist. FTX CEO Sam Bankman-Fried says the exchange’s new equities trading platform won’t charge any fees. “We’re opening stock trading with no Payment for Orderflow and no fees. So what…

Moscow Exchange Reports Dip in FX Activity for April 2022

boss

Moscow Exchange (MOEX) published its trading volumes for April 2022 today and witnessed a substantial drop in foreign exchange (FX) trading activity. For the whole month, FX trading volumes reached RUB 22 trillion, compared to RUB 34.2 trillion in April 2021. As far as the average daily trading volume is concerned, the figure came in at RUB 1,049 billion, compared to RUB 1,553 billion in April 2021. Additionally, the derivatives market witnessed a significant drop in activity as the trading volume dipped from RUB 13.8 trillion in April 2021 to…

Crypto Exchange Giant Coinbase Announces Launch of New Crypto-Focused Think Tank

boss

The leading US-based crypto exchange is announcing the launch of the Coinbase Institute, a new global think tank created to debate and advance the future of crypto and Web 3.0 protocols. According to a new Coinbase blog post, the think tank is launching with the purpose of bringing together academics, policymakers, and prominent figures within the crypto community to research and discuss the future of blockchain-based technologies. “Our mission is to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, Web…

Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover

boss

With the market in turmoil, digital assets such as Bitcoin and Ethereum are seeing their prices challenged in ways that have sent shivers down the spines of investors. The downtrend had triggered massive sell-offs that had sent prices towards yearly lows. Despite the volume already being sold off, sellers look to not be done yet. This is evidenced by the volume of Bitcoin and Ethereum that has been making its way to centralized exchanges recently. Bitcoin, Ethereum Rocked By Inflows The inflows had been growing steadily recently and given the…