Bitpanda, which was founded in Vienna in 2014, is under the supervision of the FMA in Austria and BaFin in Germany, and enables firms to offer regulated trading, investment, and custody services for stocks/ETFs, cryptocurrencies, precious metals, and commodities. Source
Embattled crypto exchange Bittrex Global has decided to wind down operations after its US-based arm filed for bankruptcy amid a slew of regulatory challenges earlier this year. The foreign exchange will disable all trading activity on December 4th. No concrete withdrawal deadline has been established, but Bittrex Global recommends customers pull out their assets as soon as possible because a “withdrawal deadline may be set by the liquidators at some point in the future.” The exchange also notes that customers cannot directly withdraw US dollar holdings and will need to…
Liquidity for top cryptocurrencies on the exchange, measured by 0.1% and 1% market depth indicators, has declined by 25% or more to less than $150 million and around $180 million, respectively, in the past 24 hours, data tracked by Kaiko show. Market depth is a collection of buy and sell orders within a certain percent of the mid-price, or the average of the bid and the ask prices. Source
The SEC has brought legal action against Kraken, this time accusing the exchange of mixing user funds, while unlawfully offering securities services. The United States Securities and Exchange Commission (SEC) has announced a lawsuit against San Francisco-based crypto exchange Kraken for allegedly operating an unregistered securities exchange. The SEC’s court complaint is also accusing Kraken of commingling up to $33 billion in user funds. SEC Accuses Kraken of Multiple Acts of Misconduct According to a Monday press release from the SEC, Kraken operates as an unlawful broker, dealer, and clearing agency. The Commission states…
Santander Private Banking International, a division of Banco Santander, is now offering its wealthy clients the opportunity to trade and invest in prominent cryptocurrencies like Bitcoin and Ether, marking a significant shift in the bank’s approach to digital asset management. Santander Private Banking International, an arm of Banco Santander, is now offering its high net worth clients the opportunity to trade and invest in major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH). This move, detailed in an internal announcement obtained by CryptoX, represents a significant shift in the bank’s…
Bittrex Global is set to cease its trading operations globally on Dec. 4, following its U.S. arm’s legal settlement with the SEC and an ongoing complex regulatory landscape. Bittrex Global has announced the closure of its global operations. The announcement comes shortly after the shutdown of company’s U.S. arm, which faced legal challenges from the U.S. Securities and Exchange Commission (SEC). As of Dec. 4, Bittrex Global will cease all trading activities, transitioning solely to allowing asset withdrawals for its customers. It is with great regret that we inform you…
Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations, starting with the suspension of trading activity on Dec. 4. In a Nov. 20 update published to its website, Bittrex Global said all users with U.S. dollar holdings needed to convert their funds to euros or cryptocurrency before Dec. 4 or risk being unable to withdraw the assets. On Dec. 4, the platform will suspend trading activities and only allow certain withdrawals. “This decision was not made lightly, and we understand the inconvenience it may have on…
ODX said the token issuance will take place on Progmat, a robust software platform dedicated to the issuance and management of digital assets. Osaka Digital Exchange (ODX) is set to transform the Japanese financial landscape with the launch of the country’s first-ever securities trading platform. The announcement, made on November 20, revealed that the company will commence trading of security tokens on its proprietary platform, dubbed “START,” on December 25, Christmas day. Having secured regulatory approval from Japan’s financial watchdog on November 16, ODX is now authorized to operate the…
According to a Nov. 20 notice from Japan’s Osaka Digital Exchange, ODX is set to initiate the trading of digital securities in the country through the issuance of security tokens on Dec. 25. These tokens will be issued by Ichigo, a Tokyo-based real estate investment company, and Kenedix, selling about $20.1 million in securities, according to a coinciding Bloomberg report. Dedicated to ongoing efforts The introduction of the trading of security tokens on the exchange is said to be geared towards streamlining the investment process for individual investors, however, the…
Solana has recorded a massive surge in trading volume on two decentralized exchanges, Raydium and Orca, in the last seven days. According to data, this dramatic surge birthed a 42% increase in SOL’s Total Value Locked (TVL). SOL’s price also reacted to this increased interest, scoring notable gains in the last week and rising above $60 to a high of $67.69 on November 15. Solana’s DEX Volume Spikes 54% in a Week. Data from DeFiLlama showed a 54% increase in Solana’s trading volume on decentralized exchanges (DEX). According to the data,…