Tag: Trading

Upbit Crypto Trading Volume Slumps 75% as South Korea Altcoin Frenzy Eases

“Crypto trading volumes started skyrocketing in early March as a wave of altcoin activity hit the market,” Matrixport said in a Telegram broadcast. “The anticipation of the Dencun upgrade with low transaction fees caused this mania, and some political developments brought crypto to the forefront of the political election. However, with volumes declining, the sustainability of the altcoin rally comes into question.” Source

London Stock Exchange Sets May 28 for Crypto ETN Trading Commencement

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The London Stock Exchange (LSE) has designated May 28 as the start date for trading in Crypto Exchange-Traded Notes (ETNs). Only professional investors will have authorization to engage in trading activities related to these ETNs. ETN issuers have until April 15 to submit their plans, ensuring eligibility for trading commencement in May. The LSE decided to commence trading on May 28 after careful consideration. It allows sufficient time for ETN issuers to meet the requirements outlined in the Crypto ETN factsheet. Additionally, it provides issuers planning to admit securities on…

Goldman Sachs hedge fund clients show interest in crypto options trading

Goldman Sachs sees a surge in institutional clients gaining interest in crypto thanks to the Bitcoin ETF. According to Max Minton, Goldman’s Asia Pacific head of digital assets, the approval of Bitcoin ETFs has significantly influenced this trend. “The recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space,” Minton said in a release. Goldman Sachs, which introduced its cryptocurrency trading desk in 2021, offers its clients various crypto-related services. These include…

Bitcoin (BTC), Ether (ETH) in the Green as Asia Trading Day Begins with a Roar

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“Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs,” founder and manager of the Blokland Smart Multi-Asset Fund, said on X, explaining the onset of the global easing cycle. Original

Coinbase CEO Invests in Trading Infrastructure Amid Bitcoin Surge

Coinbase (NASDAQ:COIN) Global Inc. is set to bolster its trading infrastructure in response to challenges faced by users during a significant upswing in Bitcoin prices towards the end of February, according to CEO Brian Armstrong. The platform encountered issues due to an unforeseen surge in trading volumes that surpassed the company’s predictive models, even accounting for preparations for volumes up to ten times the norm following the approval of spot Bitcoin exchange-traded funds (ETFs). This surge in trading activity was primarily fueled by Bitcoin’s attainment of new all-time highs, soaring…

Navigating the Bitcoin Halving: Glassnode Report Discusses a New Trading Landscape 

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As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Original

Coinbase announces futures trading expansion for Dogecoin, Litecoin, and Bitcoin Cash

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Crypto exchange Coinbase has announced its plan to launch futures trading products for Dogecoin, Litecoin, and Bitcoin Cash, potentially as early as April 1. The latest move was detailed in three separate communications to the United States Commodity Futures Trading Commission (CFTC) on March 7. Through the initiative, Coinbase Derivatives aims to offer cash-settled futures contracts for these cryptocurrencies on its platform, possibly before obtaining formal approval from the CFTC. The exchange plans to utilize a “self-certification” process, asserting that the futures contracts will comply with regulatory standards set by…

Flash News: Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options

SINGAPORE, March 20, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 20, 2024. Merlin Chain Now Supported on OKX DEX Aggregator, Expanding Trading Options OKX DEX, a multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, has added support for Merlin Chain. This integration enables users to trade assets and perform cross-chain transactions on the Merlin Chain through OKX DEX.OKX also recently announced that it is the first major industry player to fully integrate Uniswap Labs’ trading APIs into its offerings.…