Tag: Trading

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

Trading volumes on CEXs and DEXs surge amid market downtrend

Centralized exchanges (CEXs) and decentralized exchanges (DEXs) have observed a tremendous surge in their respective trading volumes in the past 24 hours. This trend suggests a renewal of investor interest despite a generally bearish market. Per data from price-tracking resource CoinMarketCap, the top 8 centralized exchanges have all witnessed a remarkable rise in their 24-hour trade volume, with Coinbase, America’s largest exchange and the second-largest exchange globally, registering the biggest percentage gain within the time frame. Notably, Coinbase’s volume in the past 24 hours currently stands at $1.142 billion, representing…

Former Coinbase Manager and His Brother Convicted for Crypto Insider Trading

The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. The United States Securities and Exchange Commission (SEC) counted another win in regulating the nascent crypto industry through a Coinbase Global Inc (NASDAQ: COIN) insider trading case. According to a press release from the SEC on May 30, former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi plead guilty to conspiracy to commit wire fraud. As a result, Wahi was sentenced to two years in…

Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges

“We allege that Ishan and Nikhil Wahi, respectively, tipped and traded securities based on material nonpublic information, and that’s insider trading, pure and simple,” he said. “The federal securities laws do not exempt crypto asset securities from the prohibition against insider trading, nor does the SEC. I am grateful to the SEC staff for successfully working to resolve this matter.” Source

SEC settles case against Wahi brothers for Coinbase insider trading

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Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced onMay 30. The brothers were accused of using knowledge of nine crypto assets that would be listed on Coinbase in the future to purchase before listing. The SEC filed suit against them on July 21, 2022. That agency is now demanding disgorgement of ill-gotten gains with interest. SEC’s Division of Enforcement director Gurbir S. Grewal said in…

Huobi to expand trading service into Hong Kong crypto market

Cryptocurrency exchange platform Huobi has announced the launch of Huobi HK, an initiative that aims to provide cryptocurrency trading services to users in Hong Kong.  According to the announcement on May 29, the platform aims to provide cryptocurrency trading services to users in Hong Kong, facilitating the buying, selling, and holding of mainstream cryptocurrencies such as bitcoin (BTC) and ethereum (ETH), along with other major cryptocurrencies listed on the independent index. Surce: Huobi on Twitter Hong Kong’s crypto-friendly policies and impending regulations With Hong Kong gradually implementing crypto-friendly policies since…

DCG to cease operation of its institutional trading subsidiary 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group (DCG) is shutting down one of its subsidiaries offering trading services to institutional investors, with the venture capital conglomerate citing a tough regulatory environment along with the bear market as reasons for its action.   DCG is set to sunset TradeBlock, a subsidiary focused on institutional investors and offering them trade execution, pricing, and prime brokerage services, by the end of May 2023.  According to a statement by a DCG spokesperson to Bloomberg, the…

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Digital Currency Group (DCG) Closing Institutional Trading Platform TradeBlock

The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk in an emailed statement. “Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S., we made the decision to sunset the institutional trading platform side of the business, known as TradeBlock, effective May 31, 2023,” the spokesperson said. Source

EU Regulator Proposes to Curb Leverage in Crypto Trading Activities

The ESRB recommended restrictions on crypto firms’ lending to clients, especially for leveraged bets, and suggested higher collateral requirements for distributed finance products and stablecoins. On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by introducing limits for investment funds and exchanges. Over the last few years, with the growing number of market participants, crypto trading is getting quite popular among retail investors. As a result of this, leveraged bets have been in high…