Japanese Regulator Officially Proposes Cutting Crypto Margin Trading Leverage Cap

The Japanese Financial Services Agency (FSA) — the country’s financial regulator — proposed lowering the leverage rate limit of cryptocurrency margin trading from 4x to 2x. The FSA announced the proposed measure on Jan. 14 in a cabinet office ordinance — an official order that is issued along with a new law. If enacted, the proposal would be a first for the Japanese government in regulating the rate of crypto margin trading. According to Nikkei, there were previously no rules set by the state. The FSA reportedly plans to put…

Telegram Hit By New SEC Evidence Showing Token Trading After ICO

The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of Gram tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently refuted these claims and published a statement last week to address…

FTX Derivatives Exchange Launches Bitcoin Options Trading

FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. The announcement came in a tweet posted on Saturday from FTX CEO Bankman-Fried. Options are live!https://t.co/B85lrLVDQO — SBF (@SBF_Alameda) January 12, 2020 The announcement did not include any specific details about the offering, only that its Bitcoin options. However, in another tweet just about two hours later, the CEO said the platform had hit $1m in volume, since the launch. FTX Bitcoin Options Even as days have passed, not a lot of information has been shared yet. It…

Bitcoin Trading Volumes More than Doubled in a Week Says Report

A report published on Jan. 9 by cryptocurrency market research firm Arcane Research, Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% increase in a week at the start of 2020, with almost $1.5 billion traded just on Jan. 8. The report reads: “The market recovered sharply from the disappointing $192 million that were traded on Jan. 1.” Crypto market “certainly getting more bullish” The researchers also note that the Crypto Fear & Greed Index shown…

Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading

Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. Noteworthy volume While the announcement does not specify which crypto assets are supported by the options just launched on the platform, the website only shows Bitcoin-based options. According to cryptocurrency data website CoinGecko, FTX is the eighth top…

OKEx Bitcoin Options Trading Now Open for All, Gets Great Response from Community

The BTCUSD Options market created by OKEx—the largest spot and futures digital asset exchange platform is finally open to the public. Developed in-house, the platform went live on Thursday, January 9, 2020, following the successful conclusion of simulation run as well as the exclusive invite-only trading phase. With this latest development, OKEx has become the only crypto exchange to offer C2C, Spot, Futures, Perpetual Swap and Options Trading on a single platform. The new OKEx Options Trading platform has a much faster, robust trading infrastructure which not only supports “buy”…

Japan Crypto Exchanges Face Imminent Margin Trading Limits: Report

Bitcoin (BTC) and cryptocurrency exchanges in Japan will face significant restrictions on margin trading as soon as this Spring, according to reports. Referencing sources at Japan’s finance regulator, the Financial Services Agency (FSA), local English-language news outlet Japan Times revealed plans to limit margin leverage to twice the total of traders’ deposits. FSA seeks to counter crypto volatility The move follows on from a limit of four times traders’ deposits which the domestic exchange industry imposed on itself through a self-regulatory body last year. The reason, according to the FSA…

Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Stronger privacy is coming to the largest stablecoin, tether, with a recent blockchain-to-blockchain swap of $15 million worth of tokens. At 11:27 UTC on Jan. 7, stablecoin issuer Tether conducted a cross-chain swap of some 15 million USDT reserves from ethereum to Blockstream’s Liquid, a federated sidechain running parallel to the bitcoin blockchain. The technical possibility of USDT’s Liquid debut was first announced in July 2019. Innocuous at first glance, the transfer has implications for both digital asset trading and the larger tether market, which saw a mass migration from…

Android Platform Now Home to Coinbase Pro Trading App

Coinbase has expanded compatibility for its trading platform, Coinbase Pro.  The Coinbase Pro mobile app is now available on Android’s operating system, Coinbase said in a Jan. 7 blog announcement. The exchange unveiled its Pro app for iPhone (iOS) users in October 2019.  Coinbase Pro on Android touts updates to the already-available iOS app version, including crypto and fiat currency (USD, CAD, etc.) deposit and withdrawal capabilities, as well as additional security features, the blog post said. Coinbase has also updated its Pro iOS app to include these capabilities. Controversy…

Coinbase Pro App Now Available on Android With 50 Trading Pairs

Coinbase Pro released a new Android application Tuesday, granting professional investors using the exchange access to high-speed trades and other activities. Product manager Linda Xie wrote in a blog post that Coinbase Pro customers in more than 100 countries could use 50 different trading pairs with its new Android app, released some three months after the company first launched an iOS app targeting its professional traders. Both apps offer deposit and withdrawal services, and “the mobile trading experience provided by the app offers the functionality of our desktop platform,” she…