Tag: Exchange

European Companies Dance to the US Stock Exchange Beat

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In recent times, a notable trend has emerged, with European companies choosing to delist from their home exchanges and instead opting for listings on prominent US platforms like the New York Stock Exchange and NASDAQ. Simultaneously, financial projections for the S&P 500 in 2024 reveal a bullish outlook, with strategists foreseeing the index reaching new heights. Exploring these market dynamics reveals intriguing correlations that shape the evolving landscape of global finance. Global Corporate Migration: Motivations and Trends A significant number of European companies, ranging from Flutter Entertainment to CRH and…

OKX launches crypto exchange and web3 wallet in Brazil

OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services. Global web3 technology company OKX has recently expanded its reach by launching a crypto exchange and web3 wallet platform in Brazil. This move provides Brazilian users with direct access to decentralized finance and cryptocurrency trading. The introduction of the OKX platform in Brazil is notable for its inclusion of Brazilian real fiat-on-ramp capabilities, facilitating easier entry for…

Binance CEO outlines plan for crypto exchange after CZ steps down

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Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down. In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure as part of an agreement with United States officials. According to Teng, Binance planned to continue a user-focused approach to its business and “drive growth and the adoption of Web3,” assuring customers they would hear more from him soon. “I…

Crypto exchange grace period to remain unchanged in Hong Kong despite scandals

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A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals. According to local news reports on Nov. 27, Julia Leung, Hong Kong’s Under Secretary for Financial Services and the Treasury, stated, “Even if the grace period ends tomorrow, fraud will still occur, so there is no intention to modify the grace period and other measures for the time being.”  As per new regulations introduced in June, crypto exchanges operating in Hong Kong must apply for a Virtual Asset Service Provider (VASP) license…

Standard Chartered China Offering Exchange Services for Digital Yuan

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OKX Rolls out Crypto Exchange and Web3 Wallet in Brazil

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OKX has launched its cryptocurrency exchange and Web3 wallet in Brazil. This move aims to offer access to decentralized finance services and cryptocurrency trading to users in the country. OKX will provide access to hundreds of cryptocurrencies for trading in Brazil. OKX’s President, Hong Fang, mentioned: “Our exchange now offers BRL rails, deep liquidity, tools, security and transparency that Brazilian traders want. Our OKX Wallet provides simplified access to DeFi, NFTs, dApps, and more. We look forward to driving innovation and growth of the Web3 and crypto economy with millions…

OKX launches crypto exchange, wallet services in Brazil

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Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform.  On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp capabilities. Guilherme Sacamone, the general manager of OKX Brazil, said the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi. “We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution,…

Crypto exchange HTX reinstates Bitcoin services after $30M hack

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Bitcoin (BTC) deposits and withdrawals have returned to the Justin Sun-linked crypto exchange HTX, formerly Huobi, after it suffered a $30 million exploit on Nov. 22. In a Nov. 26 blog post, HTX said deposit and withdrawal functionality is back for multiple currencies, including BTC, Ether (ETH), Tron (TRX) and Tether (USDT). In a later post on X (Twitter), Justin Sun said HTX aims to gradually bring back functionality to the remaining cryptocurrencies, which he expects to be done “by next week.” The majority of the work has been accomplished,…

Crypto exchange Zipmex suspends trading activity in Thailand

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Cryptocurrency exchange Zipmex has announced it is taking immediate action by suspending all digital asset trading in Thailand as part of its efforts to comply with regulations. According to a statement issued on November 25, Zipmex has opted to temporarily halt its operations to align with regulatory requirements with the Securities and Exchange Commission (SEC) in Thailand: “To ensure that the business operations of Zipmex Company Limited (“Company”) are appropriate and compliant with the criteria set by the SEC Thailand, the company is required to temporarily suspend the trading and…

Atlético Madrid reportedly planning to sue crypto exchange WhaleFin

The Spanish football club Atlético Madrid is preparing to file a lawsuit against the Singaporean crypto exchange WhaleFin, per a news report. According to Protos, the subject of the dispute is income relating to a sponsorship in the amount of $44 million, which the cryptocurrency exchange did not pay to the football club. According to the source, Atlético Madrid signed a five-year contract with WhaleFin ahead of the 2022/23 season. Subsequently, the crypto exchange violated the terms of the agreement and refused to pony up the rest of the payment,…