Tag: Exchange

Crypto Exchange Coinbase Forced To Back Out of India as CEO Brian Armstrong Cites Pressure From Central Bank

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Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says that the exchange had to halt its services in India despite a previous Supreme Court ruling that overturned a ban on crypto trading in the country. “We launched Coinbase in India on April 7th. And this includes fiat on-ramps into the crypto economy. There’s a lot of interest in crypto amongst the people there in India. So…

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

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East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users. Coinbase Ventures, Alameda Research, Huobi Ventures and other prominent venture capital firms and angel investors have contributed $23 million to launch MARA. The exchange will initially operate in Kenya and Nigeria, offering new users a basic exchange platform to acquire, trade and withdraw cryptocurrencies. The platform will offer a professional exchange featuring extensive trading options and technical analysis tools for more experienced…

Mexican Crypto Exchange Bitso Launches Stable Yield Program – Exchanges Bitcoin News

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Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on the quantities deposited by users, and it is designed to help customers tackle inflation problems in Latam. Bitso Introduces Yield Program for Bitcoin and Stablecoins Bitso, one of the biggest cryptocurrency unicorns in Latam, is expanding its services offerings by introducing new yield services…

Bitcoin Exchange Inflows Increase during Market Correction

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In a major turnaround, Bitcoin exchanges saw significant inflows during the last 7 days as large crypto addresses started moving digital assets from wallets to trading platforms. According to Santiment, almost 0.52% of the overall Bitcoin supply has returned to exchanges in just one week. A rise in the supply of Bitcoin on prominent crypto trading platforms has played a major role in its price dip. The world’s most dominant digital asset is now down by more than 20% in the past 7 days. “Exchanges have seen a massive 0.52%…

Cryptocurrency Exchange Kucoin Raises $150 Million in Pre-Series B Funding Round, Reaches $10 Billion Valuation – Bitcoin News

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Kucoin, a Seychelles-based cryptocurrency exchange, has announced it has raised $150 million in a pre-Series B funding round. The negotiation, which was led by Jump Crypto with the participation of other investors including Circle Ventures, IDG Capital, and Matrix Partners, has conferred the exchange a valuation of $10 billion. The exchange will use these funds to keep expanding in the Web3 sector. Kucoin to Expand in the Web3 Arena Crypto exchange Kucoin has announced it has raised $150 million as a part of its pre-Series B funding round.…

Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside

Bitcoin exchange inflows have been on the rise recently. Although there was a period where it had tapered off, it had continued to rise once more. The culmination of this has been a massive inflow into various centralized exchanges, presumably for investors to sell off their coins. Now the inflows have hit a new three-month high, painting a rather grim picture for the future of the digital asset. Inflows Take Over Bitcoin investors have been dumping their holdings since the digital asset started its descent from its $69,000 all-time high.…

Bitcoin Slips Below $33k As Exchange Inflows Reach Highest Value Since July 2021

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Bitcoin on-chain data shows exchanges this week have observed the largest inflows since July 2021, taking the price of the crypto to $33k. Bitcoin Exchange Inflows Spike Up To Highest Value Since July 2021 As pointed out by an analyst in a CryptoQuant post, the BTC exchange inflows have observed a sharp increase recently. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin moving into exchange wallets. When the value of this metric rises, it means an increasing number of coins are moving into exchanges.…

Head of Bitstamp’s European arm becomes latest CEO of global crypto exchange

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Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer. In a Monday announcement, Bitstamp said Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May 7, having been the Bitstamp Europe CEO since May 2021. According to the exchange, Graftieaux has 20 years of experience in “crypto, payments, and financial sectors,” having first joined Bitstamp…

BMLL Announces Partnership with Aquis Exchange

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BMLL, one of the prominent independent providers of harmonized, historical Level 3 Data and analytics, announced today that it has formed a collaboration with Aquis Exchange, the operator of Pan-European equity trading exchanges, to facilitate its members through market quality and liquidity analytics. With the use of the granular Level 3 Data and analytics from BMLL, Aquis will be able to monitor and evidence liquidity dynamics. In addition, the company will provide its members with third-party, independent verification on the availability of passive liquidity on its own venues versus other…

SIX Swiss Exchange Welcomes Virtu ITG Europe Limited as New Trading Participant

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SIX Swiss Exchange today confirmed that Virtu ITG Europe Limited has started trading on the exchange. The platform has welcomed Virtu ITG Europe Limited as a new trading participant and that has pushed the overall number of trading participants on the exchange to 95. SIX noted that the participants will be able to take advantage of highly liquid and efficient trading on the platform. In the past 12 months, the SIX Swiss Exchange welcomed some of the leading names in the financial services industry as trading participants and issuers. Recently,…