Investment Platforms and Marketplaces

September 6, 2020 @ 2:07 pm By Omar Faridi  |  

Changpeng Zhao or “CZ”, the CEO at Binance, the world’s largest digital asset exchange, has admitted that the trading platform must list new coins, regardless of whether it’s completely sure of the legitimacy of their business model, in order to remain competitive. Zhao noted: “If… Read More

September 5, 2020 @ 2:05 pm By Omar Faridi  |  

Digital asset exchange OKEx, which offers both cryptocurrency spot and derivatives trading, has listed 24 decentralized finance (DeFi) tokens in just the past month – which seriously calls into question the company’s business policies given the large number of scams in DeFi space. However, OKEx… Read More

September 5, 2020 @ 2:03 pm By Omar Faridi  |  

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

September 4, 2020 @ 8:33 pm By Omar Faridi  |  

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

September 4, 2020 @ 7:05 pm By Omar Faridi  |  

On September 4, 2020, Coinbase Pro users will be able to transfer UMA cryptocurrency tokens into their accounts ahead of scheduled trading. Support for the UMA digital currency will be available in all of the digital asset exchange’s supported jurisdictions, however, New York State residents… Read More

September 3, 2020 @ 10:07 pm By Omar Faridi  |  

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More

September 3, 2020 @ 9:38 pm By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Thursday it secured a $200 million investment commitment from Atalaya Capital Management, a New York-based privately held investment advisory firm. As previously reported, LendingUSA specializes in point… Read More

September 3, 2020 @ 9:53 am By JD Alois  |  

SMART VALOR, a Switzerland based regulated digital asset exchange, has partnered with Republic Advisory, affiliated with leading investment crowdfunding platform Republic – a sister firm of AngelList and CoinList. According to SMART VALOR, this partnership will enable companies raising funds through most regions to gain blanket… Read More

September 2, 2020 @ 9:37 pm By Omar Faridi  |  

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

September 2, 2020 @ 10:50 am By Samantha Hurst  |  

Crowdcube, the largest crowdfunding platform by volume in the UK, reportedly saw some exception numbers of companies using its funding portal in August. Co-Founder and CMO of Crowdcube, Luke Lang, announced the platform saw £21 million raised, 27,000 investments, and 16 businesses secure funding during… Read More

September 2, 2020 @ 9:36 am By Omar Faridi  |  

The Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives trading platform in terms of volume, has introduced support for mobile trading. The Seychelles-registered and Hong Kong operated exchange noted: “As part of our promise to our users to keep improving our offering, we’re delighted… Read More

September 2, 2020 @ 8:35 am By JD Alois  |  

Largest Fintech Funding Round in Eurozone for 2020 auxmoney, a Germany based marketplace lender, has raised € 150 million led by Centerbridge. In a note from the Fintech, auxmoney stated that existing VCs, including Foundation Capital, Index Ventures, and Union Square Ventures remain fully invested…. Read More

September 1, 2020 @ 11:19 pm By JD Alois  |  

  The number of FINRA regulated funding portals continues to increase. Created by the JOBS Act of 2012, a “funding portal” is a bit like a broker-dealer light and may offer securities under Reg CF (Regulation Crowdfunding). While an approved broker-dealer may sell securities under… Read More

September 1, 2020 @ 5:44 pm By JD Alois  |  

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

September 1, 2020 @ 11:39 am By JD Alois  |  

goPeer, a Canadian peer to peer lending platform, is now accepting retail investors to fund loans. The move follows the Ontario Securities Commission decision earlier this year to grant goPeer an EMD [Exempt Market Dealer] license. Now non-accredited investors may invest in an asset class… Read More

September 1, 2020 @ 11:22 am By JD Alois  |  

Digital asset platform BlockFi continues to boost its executive branch following a significant funding round where the company raised $50 million. According to a release, BlockFi has hired Tony Lauro as its new Chief Financial Officer (CFO). Lauro was most recently at Intermex where he… Read More

September 1, 2020 @ 9:04 am By JD Alois  |  

SafeToNet is First Company to Direct List on Seedrs Secondary Market. Seedrs, a leading online investment platform, has opened up its secondary trading platform to any private security. The move was anticipated and previously revealed as Seedrs further leverages its tech stack. Seedrs is the… Read More

September 1, 2020 @ 5:00 am By JD Alois  |  

iFinex has invested approximately $1 million in Amsterdam-based Fintech Dusk Network, according to a note from the company. iFinex is the parent company of Bitfinex – a crypto exchange. Dusk Network is creating a regulated security token exchange and is self-described as a privacy blockchain… Read More

August 31, 2020 @ 11:07 pm By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

August 31, 2020 @ 8:15 pm By Omar Faridi  |  

  We recently caught up with Kendrick Nguyen, the co-founder and CEO of Republic, a leading US-based investment crowdfunding platform. He is also a founding director of the Association of Online Investment Platforms (AOIP). In July 2020, Republic added 30 more venture partners to its… Read More