Tag: Investors

Crypto Spot Trading For Institutional Investors Coming From TP ICAP

“While the crypto-native landscape still feels a little somber, when we look at our traditional client base and we look at the relationships we’ve been developing, it actually feels reasonably optimistic,” Simon Forster, global co-head of Digital Assets at TP ICAP Group, told CoinDesk. “There’s a lot of people building interesting things. And it feels like 2022 is this watershed moment where the crypto landscape has changed we think probably forever.” Original Source ComingCryptoICAPInstitutionalInvestorsSpotTrading CryptoX Portal

Binance Might Allow Crypto Traders and Investors to Hold Collateral in Bank

Sources said that Binance is working on a setup that will allow them to keep bank deposits as collateral for margin trading in spot and derivatives. The latest report from Bloomberg shows that the crypto exchange Binance is exploring a new solution to reduce counterparty risks while allowing some of the institutional clients to keep trading collateral at a bank instead of a crypto platform. Sources familiar with the matter noted that Binance spoke to some of its professional customers regarding a setup that will allow them to keep bank…

Bitcoin BTC Price Edges Below $28K as Investors Eye US Debt Ceiling Progress

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“So far, bitcoin has moved in lockstep with liquidity,” Dessislava Ianeva, research analyst at crypto data firm Kaiko, told CoinDesk. Ianeva noted that quantitative tightening (QT), which usually happens when the central bank looks to reduce its balance sheet, “was partially offset by the Treasury spending its cash at the Fed and Bank Term Funding Program, but that push is now exhausted.” Original

Elon Musk tells investors to be careful in crypto investments, still likes DOGE

Elon Musk recently said DOGE is his favorite cryptocurrency but warned investors to exercise caution when dealing with investments in the crypto space. Elon Musk warns against heavy investments in crypto Despite liking dogecoin, multi-billionaire Elon Musk recently noted that he would not advise anyone to bet huge on crypto. Elon Musk was speaking at an interview with the Wall Street Journal. Elon Musk just gave his current views on crypto on an interview with WSJ “Dogecoin is my favorite because it has the best humor and it has dogs”…

Bitcoin BTC Price Doldrums Below $26.5K Continue as Investors Weigh Debt Ceiling, Latest FOMC Minutes

Bitcoin was recently trading at about $26,440, off roughly 3% over the past 24 hours and near its lowest level since May 12 when the largest cryptocurrency by market capitalization dipped below $26,000. In this period, BTC has been slogging through low trading volume and volatility as markets wrestle with the prospect of a U.S. government unable to pay its debts and ongoing crypto regulatory and macroeconomic uncertainties. Until Wednesday, bitcoin had remained in a $26,500 to $27,500 range. Source

Bitcoin Price (BTC) Jumps to Key Price Resistance as Hong Kong Opens Crypto Trading For Retail Investors

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“This looks like a non-macro-related spot-based move, and the timing coincides with the news that Hong Kong will allow retail trading of BTC and ETH on licensed digital asset platforms as of June 1,” Noelle Acheson, author of the Crypto Is Macro Now newsletter, said in Tuesday’s edition. “This is not a total surprise – the ruling and the timing were largely expected. But confirmation matters more in a lacklustre market with headwinds coming from other vectors,” Acheson added. Original

MicroStrategy Shares Give Investors Better Crypto Exposure than Coinbase

The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy. The German investment bank Berenberg said that investors seeking exposure to cryptocurrencies are better served if they buy the shares of MicroStrategy than those of Coinbase. A Monday report revealed to the media said that macro factors associated with the shares of MicroStrategy Inc (NASDAQ: MSTR) give investors a higher possibility of being in profit than if they went for the shares of Coinbase Global Inc (NASDAQ: COIN). Highlighting its preference for…

Hong Kong to Permit Licensed Crypto Exchanges to Offer Services to Retail Investors

Hong Kong will open crypto trading activities to retail investors starting June 1, 2023. Hong Kong’s Securities and Futures Commission (SFC) has released the results of its consultation paper on regulating crypto assets in the country. In an announcement on May 23, 2023, the financial watchdog said it received 152 submissions from key players in the industry, professional associations, and consultancy firms, greenlighting its proposal to allow licensed crypto exchanges to serve retail investors in the nation. The new development enables digital asset service providers (DASP) that demonstrate compliance with…