Tag: Exchange

Bitcoin whales jumping ship as exchange inflows reach 3-month high

The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs). Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million coins, the most since February. #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC Previous 3-month high…

Ilies Larbi Leaves FXCM, Launches New Crypto Exchange

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In a Finance Magnates exclusive, we can reveal that FX industry veteran Ilies Larbi, has departed from FXCM after nearly 15 years of service. Larbi, a well-known and popular figure in the FX industry, has departed FXCM to launch Ouinex, an international crypto exchange headquartered in France. The Paris-based Larbi departs FXCM having most recently held the role of Global Head of Retail Partnerships for the last year and a half in a long and distinguished career with the international broker. Having started as a sales associate in 2007, Illes…

Digital Asset Exchange Crypto.com Makes Three Little-Known Altcoins Available for Trading

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Singapore-based exchange giant Crypto.com is rolling out support for three low-cap altcoins. Crypto.com recently announced the listing of the native token for the Akash Network (AKT), a decentralized open-source cloud network that supports decentralized finance, decentralized apps, and decentralized autonomous organizations. The cloud network also supports decentralized machine learning and artificial intelligence. AKT is trading at $0.88 at time of writing. The 308th-ranked crypto asset by market cap is down 13.7% in the past week and down 1.19% in the last 24 hours. Crypto.com is also launching support for FLUX,…

Multi Protocol Decentralized Exchange Bashoswap Is Set to Launch It’s DEX on Cardano

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Bashoswap, a Cardano-based decentralized exchange that would be interoperable on both Cardano & Milkomeda networks set to launch on Cardano testnet in a few months time. A private seed round is ongoing for interested participants looking to acquire $BASH Tokens Early What is a DEX? A Decentralized Exchange or DEX (DEX) is a blockchain-based application that is accessible through a series of smart contracts and is designed to facilitate financial services that are traditionally carried by a central entity in a decentralized manner. Bashoswap intends to bring Cardano-based projects to…

Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider – Regulation Bitcoin News

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Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance Becomes a Fully Regulated Crypto Exchange in France Crypto exchange Binance announced Wednesday that it received approval from the French financial regulator, the Autorité des marchés financiers (AMF), to operate as a registered digital asset service provider (DASP). The exchange wrote: Binance is now a fully regulated…

Ethereum Exchange Inflows Decline As Sellers Cool Off, Will Price Follow?

Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement. Inflows Fall Below $1 Billion This week had opened up…

Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto

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Swyftx exchange will begin offering interest-bearing yields on a wide range of cryptocurrency assets — the first Australian-operated crypto exchange to do so. Swyftx’s new product, called Earn, will offer Australian and New Zealand residents the ability to earn interest on 21 different digital assets, including large-cap cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA) and stablecoins like Tether (USDT) and USD Coin (USDC). Swyftx Chief Executive Officer, Ryan Parsons, said the exchange’s Earn feature was one of the most competitive in the crypto industry, as the Brisbane-based…

Crypto exchange Binance wins regulatory approval in France

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Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies. Binance is the largest crypto exchange globally. The company handles spot…

Crypto Exchange OKX Inks Multi-Year Sponsorship Deal with McLaren Racing

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Cryptocurrency companies are now seeing value in the race tracks. Malta-based OKX, which operates a global crypto exchange, announced on Wednesday its partnership with British Formula One team McLaren Racing. It is a major multi-year deal between the two. However, neither revealed the financial terms. Under the agreements of the sponsorship deal, OKX will get the status of McLaren Racing’s Official Primary Partner. Further, the crypto exchange will also become the primary partner of McLaren’s Shadow esports team, which debuted in 2017. The partnership between the two will be put…