Half of Millennial Investors Trust Crypto Exchanges More Than Stock Exchanges

Nearly half of millennial traders have more trust in digital currency exchanges than in United States (U.S.) stock market exchanges. Data regarding millennial investment attitudes was collected in a new study from investment platform eToro and published on Feb. 19. Per the report, 43 percent of the surveyed millenial online traders demonstrate less trust in the traditional stock market, while having more faith in cryptocurrency exchanges. 93 percent of millennial cryptocurrency traders reportedly said that they would invest more in digital currency if traditional financial institutions proposed such an option.…

Major Crypto Exchanges Launch OTC Desks Despite the Crypto Winter

Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment for Bitcoin. The latest developments indicate that some of the world’s largest exchanges are receiving increased demand from institutional investors, for whom OTC represents a lucrative opportunity. Cointelegraph takes a look at the latest launches and OTC news. Binance launches dedicated OTC desk On Jan. 23, the…

A Fight Is Brewing Among QuadrigaCX Crypto Exchange’s Creditors

Creditors of the failed cryptocurrency exchange QuadrigaCX are bracing for a fight – among themselves. Customers who had fiat currency balances at the exchange before it went offline and sought protection from creditors in a Canadian court last week are beginning to argue they should be paid back first from recovered assets. But they expect customers who stored crypto at QuadrigaCX to push back on such demands. And even some fiat holders say such prioritization would be unfair. “There seems to be a conflict going on between creditors themselves,” Canadian resident and…

A Fight Is Brewing Among QuadrigaCX Crypto Exchange’s Creditors

Creditors of the failed cryptocurrency exchange QuadrigaCX are bracing for a fight – among themselves. Customers who had fiat currency balances at the exchange before it went offline and sought protection from creditors in a Canadian court last week are beginning to argue they should be paid back first from recovered assets. But they expect customers who stored crypto at QuadrigaCX to push back on such demands. And even some fiat holders say such prioritization would be unfair. “There seems to be a conflict going on between creditors themselves,” Canadian resident and…

US Traders Most Active Across Major Crypto Exchanges

New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight. The U.S. has the highest distribution of traders — 60 percent — on major crypto exchange and wallet Coinbase, while on Binance, Bittrex and Poloniex, U.S. traders make up 24, 27 and 28 percent of total crypto traders respectively. American traders are less represented on Hong Kong-based crypto exchange Bitfinex, at 10 percent of traders on the exchange, while German traders make up 13…

Crypto Exchanges Experience Lowest Trading Volumes Since 2017

Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4. Since the beginning of the year, digital currency exchanges have reportedly registered lower trading volumes, marking new lows that have not been recorded since 2017. Diar further notes that it has turned to be the worst period for the world’s leading crypto exchange by adjusted trading volume, Binance, as its Bitcoin (BTC)/U.S. dollar (USD) market reduced by more than 40 percent in comparison…

How Do World’s Largest Crypto Exchanges Store Funds? Avoiding QuadrigaCX’s $190M Disaster

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should…

How Do World’s Largest Crypto Exchanges Store Funds? Avoiding QuadrigaCX’s $190M Disaster

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should…

Nasdaq Reveals 7 Crypto Exchanges Are Using Its Market Monitoring Tech

The world’s second-largest stock exchange Nasdaq has revealed that seven crypto exchanges are already using its market monitoring technology, Forbes reported Jan. 30. Just two of these seven collaborations have to date been publicized — the Winklevoss twins’ Gemini exchange, and Vctrade, run by Japanese financial services giant SBI Holdings. The stock market giant shared its rigorous vetting system for crypto industry players that seek to use its surveillance technology, known as the SMARTS Market Surveillance system. SMARTS is a cross-market, cross-asset surveillance tool that correlates real-time and historical data…

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed?

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? January 28, 2019 by Akshay Makadiya Hong Kong Stock Exchange regulators have been repeatedly kicking the can down the road on approving crypto-related IPOs. In response, a few Chinese crypto exchanges are aggressively pursuing reverse mergers, an alternative and unconventional way to become a publicly-listed company. Are the mergers worth the fuss? Also read: Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Looking at Crypto Reverse Mergers Cryptocurrency…