Tagged: crypto exchange

Binance’s Singapore Division Applies for License Under Country’s New Payment Services Act

Malta-based digital asset exchange Binance’s Singapore division has applied for a new payments license under the city-state’s new Payment Services Act, which became effective on January 28, 2020. Changpeng Zhao, CEO at Binance, the world’s largest crypto-asset exchange in terms of adjusted trading volume, confirmed:… Read More

Coinbase Commerce Adds Support for Major Stablecoin Dai, Merchants May Accept Dai Payments

Coinbase Commerce has added major stablecoin DAI as a new payment option for its merchant client base. As mentioned in a press release from Coinbase’s management, merchants using the Coinbase Commerce platform will be able to take payments made in the DAI stablecoin. Vendors can… Read More

After Years of Development, Compliance Focused Digital Asset Exchange BlockQuake Nears Launch

BlockQuake is a digital asset exchange that hopes to launch at some point in 2020. Sure, they may appear late to the game but the company has been founded by a group of Wall Street veterans who are focused on the need to be compliant… Read More

Popular Crypto Exchange Zebpay Set to Relaunch in India After Shutting Down Due to Regulatory Pressure

Nearly 16 months after winding down its business operations in India, digital asset exchange Zebpay is reportedly set to resume offering services in the country. Zebpay was one of the most popular crypto exchanges in India. However, it had to shut down because of a… Read More

Malta-based Binance Introduces Cardano (ADA) Perpetual Contracts, Tradable Against Stablecoin Tether (USDT)

Binance Futures, the digital assets futures trading platform of Binance, the world’s leading crypto exchange, recently confirmed the introduction of ADA/USDT perpetual contracts. Traders can now trade Cardano (ADA), a digital currency with a market cap of over $1.5 billion, with as much as 75x… Read More

Singapore-based Digital Asset Exchange Zipmex Awarded Operational License by Thai SEC

Zipmex, a Singapore-based crypto-asset exchange focused on offering retail and institutional investors the ability to make secure investments in cryptocurrencies, has reportedly acquired an operational license in Thailand, awarded by the Asian country’s Securities and Exchange Commission (SEC). The Zipmex crypto trading platform currently offers… Read More

Upbit Crypto Trading Platform Restores Depositing After $50 Million USD Hack

Korean cryptocurrency trading platform Upbit reinstated deposits January 13th after shutting them down in late November in response to a $50 million USD hack. Deposits have now been restored following an upgrade to the exchange’s wallet system, the exchange writes in a notice. Customers will, “need… Read More

Kraken Acquires Australian Crypto Trading Platform Bit Trade

San Francisco-based cryptocurrency trading platform Kraken has acquired Bit Trade, a cryptocurrency trading platform billed as, “Australia’s longest running digital currency exchange.” Kraken was founded in 2011 and Bit Trade in 2013. “With this acquisition, Kraken will focus on being the premier crypto service in… Read More

South Korea’s Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country’s Regulatory Free Zone

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free… Read More

Binance Enables Visa Purchases of Cryptocurrency for Euro and UK Customers

Binance, one the world’s busiest cryptocurrency exchanges that blocked U.S. customers this year and now sits in 33rd place, has enabled cryptocurrency purchases via Visa credit card for its European and UK customers. “Binance will now allow users to bind their Visa cards to their accounts and… Read More

Widow of QuadrigaCX Crypto Exchange Founder “Shocked and Saddened” by Request to Exhume Husband’s Body

The widow of QuadrigaCX cryptocurrency exchange founder Gerald Cotten is reportedly “shocked and saddened” that lawyers for harmed investors have asked for Cotten’s body to be exhumed. Cotten reportedly died in India last December when acute symptoms of Crohn’s disease overcame him while he was on… Read More

Japan’s Coincheck Exchange Ending Leveraged Cryptocurrency Trading

Japanese cryptocurrency exchange Coincheck, which sustained a $534 million USD hack last January, has decided to stop offering leveraged trades of cryptocurrencies on its platform. According to a company blog post: “Coincheck has decided to end the “leverage transaction” service on Friday, March 13, 2020…If… Read More

Kraken Cryptocurrency Exchange’s OTC Division Announces Acquisition of Circle Trade

The OTC division of San Francisco’s Kraken cryptocurrency exchange has announced it is acquiring prominent crypto start up Circle’s “Circle Trade” OTC division. “Today, we’re excited to announce that Kraken is acquiring one of the most recognized OTC desks in crypto, Circle Trade,” Kraken states… Read More

Liquidators File Second Report Regarding Hacked Cryptocurrency Exchange Cryptopia, $7 Million Left

Representatives from Grant Thornton have published their Liquidator’s Second Report regarding collapsed New Zealand cryptocurrency exchange Cryptopia. Just prior to its dissolution in May, Cryptopia had over 2.2 million registered users worldwide and 37 employees, Grant Thornton (GT) claims. Hackers are believed to have stolen… Read More

Marie Tatibouet: CMO at Digital Asset Firm Gate Technology Reveals Important Security Measures for Operating Secure Crypto Exchanges

We recently caught up with Marie Tatibouet, CMO at Gate Technology, the parent company of crypto-asset exchange Gate.io and Wallet.io. Tatibouet, a management postgraduate from the Emlyon Business School, talked about the security measures that Gate.io has implemented to help protect users’ assets. She also… Read More

BlockFi Recently Raised $18.3 Million and Now They are Launching a Crypto Exchange

While some well-known digital asset marketplaces are exiting the crypto-exchange sector in the US (too many rules, too little time), cryptoasset-to-USD lender and wealth manager BlockFi is bucking the trend. BlockFi currently provides services to customers worldwide, including 47 U.S. states, with interest-earning accounts and… Read More

Huobi Cryptocurrency Exchange’s US Partner Platform Shutting Down

HBUS, a compliant US-based crypto trading platform formed in partnership with popular China-based cryptocurrency exchange Huobi, has announced it is closing its doors. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to… Read More

Former Morgan Stanley Executives Plan Launch of Crypto Derivatives Exchange Phemex

A group of former Morgan Stanley executives is launching a crypto derivatives exchange in a move to rival the CME. Phemex, a trading platform that claims to be able to manage 300,000 TPS, is said to be on par with the technical capabilities of the… Read More

Upbit Hacked, $50 Million USD in Ethers Stolen

After suspending deposits and withdrawals and conducting “an emergency server check,” Korean cryptocurrency exchange Upbit has notified users that it was hacked. The announcement appears as a notice on the exchange’s website: “My name is Lee Seok-Woo, CEO of Doo-Tum…At 1:06 PM on November 27,… Read More

Kraken Pro Customers Can Now Fund Accounts Via Silvergate Bank’s Exchange Network

Kraken’s highest-tiered and verified ‘pro’ customers will now be able to use Silvergate Bank’s Exchange Network (SEN) to fund their cryptocurrency trading accounts. An announcement on the Kraken blog states: “We are pleased to announce that Kraken has joined the Silvergate Exchange Network (SEN)…a proprietary internal… Read More

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