Tag: Exchange

Binance Weighs Sale of Stake in South Korean Crypto Exchange GOPAX

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Binance to reduce stake in Korean crypto exchange Gopax, report says

Binance reportedly plans to reduce its stake in Korean crypto exchange Gopax within the next two months to address regulatory reporting issues. Crypto exchange Binance, the major shareholder of Korean crypto trading platform Gopax, is set to reduce its stake in the exchange within the next one to two months to address issues with reporting changes to virtual asset business operators (VASPs), Korean news outlet News1 Korea has learned. The move is expected to solve regulatory issues after Korean authorities delayed approval of Gopax’s VASP change report submitted in March…

Crypto Exchange Predicts 1000x Returns On XRP Price With Ambitious Rise To $594

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Crypto exchange Changelly has laid out an all-encompassing price prediction for XRP. As part of this prediction, the platform stated that the crypto token would rise to as high as $594 and gave a definite timeline for when this would happen.  When Will XRP Price Rise To $594? Changelly predicts that XRP will rise to $594 in 2050, with that representing the maximum price level that the crypto token can attain by then. Meanwhile, $512 and $540 are predicted as what will be the minimum and average prices for XRP…

Orbs Network Token ($ORBS) Gains Listing on India’s Most Compliant Exchange, CoinDCX

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CoinDCX, one of India’s most valued and biggest crypto exchanges, announced the listing of Orbs Network’s native token, $ORBS, this Tuesday. The listing will allow the Indian exchange users to buy and sell the $ORBS token using the Indian Rupee (INR) and other available crypto pairs including Bitcoin and Tether, with more pairs to be added in the future. Orbs Network is a Layer 3 open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. The platform is mainly known for its…

Bill Ackman and wife Neri Oxman buy stake in Tel Aviv Stock Exchange

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Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of a secondary offering of 17,156,677 shares priced at 20.60 shekels ($5.50) per share. “The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in…

FMX Futures Exchange Gains CFTC Approval

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BGC Group, Inc., a global brokerage and financial technology company, has announced that its FMX Futures Exchange has received approval from the Commodity Futures Trading Commission (CFTC) to operate an exchange for US Treasury and SOFR (Secured Overnight Financing Rate) futures. These futures contracts are among the most widely traded in the world. FMX’s clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral globally, uniquely positions FMX to compete in the US interest rate market. Howard W. Lutnick, Chairman and CEO of BGC Group, Source:…

24 Exchange Hits $4 Billion in FX NDF Volumes

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24 Exchange, the multi-asset class trading platform, announced today that it has set consecutive daily records for Foreign Exchange Non-Deliverable Forward (FX NDF) trading volume. The company processed an impressive total of over $4 billion in FX NDF trades for its global institutional customers on two consecutive days last week. This achievement marks a milestone, surpassing 24 Exchange’s previous daily volume record of $3.1 billion set in October of the previous year. Dmitri Galinov, the CEO and Founder of 24 Exchange, stated: “Setting consecutive daily volume records for FX NDF…