Tag: Exchange

LBank Exchange Will Launch Innovation Zone for Better User Experience – Press release Bitcoin News

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press release PRESS RELEASE. LBank Exchange is an innovative crypto assets trading platform with 6.4 million global users. Since the start of its journey, LBank Exchange has continuously expanded in the global market, serving users in over 210 countries and regions worldwide, with features including spot and grid trading, derivatives, finance, NFT marketplace, and many more. For better catering to users’ needs, LBank Exchange has strived to select better, more promising projects for listing and to classify them in a more orderly manner. To make user’s investment experience even smoother,…

Crypto Exchange Giant Coinbase Offers Custody Support for Six Little-Known Altcoins, Including Four DeFi Tokens

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Coinbase continues to expand its crypto footprint by extending custodial services support to half a dozen altcoins, including four decentralized finance (DeFi) tokens. In a new announcement, the US-based cryptocurrency exchange says it’s adding six new cryptocurrencies to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $BFC, $C98, $DODO, $MTL, $PROM and $REEFDetails here ? https://t.co/HtybLZye3z pic.twitter.com/ZnmLXncD9N — Coinbase Assets (@CoinbaseAssets) April 28, 2022 Coinbase Custody is a custodial service for institutional investors with big…

Digital Assets Exchange Crypto.com Rolls Out Support for Two Little-Known Altcoins

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Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster which both offer users the ability to earn through active participation. First up is the move-to-earn Step App (FITFI), a Web 3.0 digital fitness protocol that merges exercise, socializing, playing and earning crypto into one. Crypto.com says that FITFI, which stands for Fit Finance, will be available for purchase using a variety of fiat currencies. The project began during the fourth quarter of 2021 and boasted over 113,000 sign-ups in advance of its recent beta launch. As part…

Trading on Indian Crypto Exchange Continues to Slump Following New Tax Laws; Cryptos Higher

The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roughly $2,880, a more than 1.9% gain over the same period. Trading volume and volatility remained at low levels as investors continued to grapple with the toxic combination of rising prices and uncertainty. Source

Swiss Exchange SIX Lists World’s First Bitcoin-Gold ETP

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The gold-bitcoin ETP will be listed on the Swiss SIX exchange under the ticker BOLD. At launch, the weightage will be 18.5% bitcoin and 81.5% gold. The fund will be rebalanced monthly based on 360-day historical volatility. Digital asset management firm ByteTree Asset Management has launched a gold-bitcoin exchange-traded product on the Swiss SIX stock exchange. This makes it the first ETP to offer both gold and bitcoin in a single fund, which is a somewhat unusual combination, given that many crypto investors see bitcoin as the new version of…

Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador – Bitcoin News

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According to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made no deposits or withdrawals in a given month. NBER Study: Only 4 out of 10 Salvadorans Use Chivo Wallet After Government’s Bitcoin Bonus An April 2022 working study published by the NBER, asks if cryptocurrencies are indeed currencies after researching bitcoin (BTC) as legal tender in El Salvador. NBER conducted a face-to-face…

Former Jefferies FX brokers launching institutional crypto exchange

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Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors.  Named Crossover Markets Group Inc. the exchange is set to debut in “late summer to early fall” following the closure of a recent seed funding round. The Crossover Markets’ website describes the new exchange as a “digital asset exchange designed to meet the liquidity needs of institutional clients.” We are excited to officially announce the creation of Crossover Markets! More announcements coming soon!https://t.co/2igfAQleaS#Crypto #DigitalAssets #institutional #fx — Crossover Markets (@crossover_mkts) April 26,…

Kraken Becomes First Global Crypto Exchange Fully Licensed by Abu Dhabi Global Market – Regulation Bitcoin News

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Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency,” the regulator explained. Kraken Establishes Middle East Headquarters Abu Dhabi Global Market (ADGM) announced Monday that cryptocurrency exchange Kraken has become “the first global virtual assets exchange group in the UAE to receive a full financial license from ADGM.” Abu Dhabi Global…

Coinbase Looking To Make $3,000,000,000 Acquisition of Turkish Crypto Exchange: Report

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Leading US cryptocurrency exchange Coinbase is reportedly in talks to purchase BtcTurk, a digital asset trading platform based in Turkey. In a new report, Turkish publication Webrazzi says that Coinbase could purchase BtcTurk at $3.2 billion. The talks are reportedly at an advanced stage, with the two firms having already signed a term sheet. At over $3 billion, the acquisition is about a tenth of the current market value of the US crypto exchange. BtcTurk was started in July of 2013 by Kerem Tibuk, according to business database Crunchbase. Crypto…

A New Crypto Exchange Launched by Former Jefferies Executives

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Brandon Mulvihill and Anthony Mazzarese, former Jefferies Financial Group Inc. executive launched Crossover Markets Group Inc., a crypto exchange for institutional traders. Take Advantage of the Biggest Financial Event in London. The pair teamed up with Vlad Rysin, a former executive at Euronext FX (CTO) for the new crypto exchange. A funding round is expected in late summer or early fall. Institutional appetite for cryptocurrencies has been on the rise since 2020. Professional investors have traded over $1 trillion of cryptocurrencies on Coinbase. In 2020 the volumes were below $130…