Tag: Exchange

Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin That’s Surged Over 50% in a Week

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The world’s largest crypto exchange platform by volume is launching futures trading for one Ethereum (ETH)-based altcoin that’s jumped over 50% in a week. In a new announcement, crypto exchange Binance says that it will be launching futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy market built on top of ETH that democratizes energy tokens. According to Powerledger’s official website, the crypto asset aims to aid the decentralization of the energy grid, help transition toward renewable energy, and help consumers keep track of their power…

Crypto Exchange Associated With Binance Seeking License in Hong Kong: Report

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A digital asset exchange platform with ties to crypto titan Binance has reportedly announced its intention to apply for a license in one of Asia’s leading finance hubs. According to the South China Morning Post, HKVAEX was created as a separate entity under the company BX Services Limited, but Binance is behind it. HKVAEX was established in December and launched its trading platform in February. Citing sources familiar with the matter, the report says the world’s largest crypto exchange created HKVAEX to pursue a crypto license in Hong Kong. The…

Binance Allegedly Sets Up New Crypto Exchange in Hong Kong to Pursue License 

While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong Kong to bring its product offerings to customers in the region. According to a South China Morning Post report citing three people familiar with the matter, Binance created a company called HKVAE last year to…

World Bank Issues First Digitally Native Note on Luxembourg Stock Exchange

The basis for this issuance was Corda, R3’s digital ledger technology (DLT) platform that offers a sustainable infrastructure for digitally native notes. In a first, the World Bank has listed the “first digital native security” or “digital native note (DNN)” on the Luxembourg Stock Exchange (LuxSe). The €100 million DNN, listed on the Luxembourg Stock Exchange, is a key element of a more extensive endeavor to create a sustainable digital infrastructure for DNN issuance. The issuance happened through the involvement of Citi’s Issuer Services in the role of the issuing…

Decentralized Crypto Exchange DYdX Open Sources ‘V4’ Code in Preparation to Leave Ethereum

“I think it’s a really exciting moment, to take something that in DeFi that already has a product market fit, where there is a billion dollars traded on average on dYdX every day, and fully decentralize it on a fundamentally new technology stack,” Antonio Juliano, dYdX’s Trading founder and CEO, told CryptoX in an interview. “I think that’s something that hasn’t really happened to that level in crypto yet.” Source CodeCryptoDecentralizeddYdXEthereumExchangeLeaveOpenPreparationSources CryptoX Portal

BTC Drive by Institutions Sends Open Interest on Chicago Mercantile Exchange to Record High

The breakout above the $31,800 resistance level coincided with a drop in open interest, a metric that assesses the notional value of all derivatives positions, across crypto exchanges, according to Coinalyze data. The decline, which reflects retail investor interest, contrasts with open interest on the Chicago Mercantile Exchange (CME), a venue favored by institutions, topping 100,000 bitcoin ($3.4 billion) for the first time. Source

Top Crypto Exchange Binance To Shutter Visa Debit Card Program in Europe

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Binance is shutting down its crypto-powered Visa debit card in Europe. The top global crypto exchange by trading volume says Binance Card services will stop working in the European Economic Area (EEA) in December. Binance notes that customer accounts won’t be impacted. The exchange urges European customers to transition to Binance Pay, the company’s crypto payment technology. And here goes the #Binance Visa Debit Card! First Paysafe providing EUR on/offboarding, now Contis providing the debit card, what’s next? pic.twitter.com/e7EF7G7CVN — Michael ??S?? (@M_affirmed) October 20, 2023 Binance first rolled out the…