Tagged: crypto trading

June 5, 2020 @ 10:00 pm By Omar Faridi  |  

The digital asset and blockchain space is still in its infancy or early stages of development. There are many companies working on developing key infrastructure needed to support emerging cryptocurrency businesses. Cybersecurity, ID verification, AML/KYC processes, and even cryptocurrency-related insurance services are already being developed… Read More

June 3, 2020 @ 10:45 pm By Omar Faridi  |  

CoinSwitch.co, an established aggregator of digital asset exchanges in India, recently introduced CoinSwitch Kuber, which is the Indian Rupee (INR) cryptocurrency exchange mobile app designed specifically and “exclusively” for the Indian market. This launch has come during very challenging times as the world tries to… Read More

May 28, 2020 @ 7:32 am By Omar Faridi  |  

  Data from leading UK-based digital bank Revolut shows that the cryptocurrency trading habits of its users have changed, following the COVID-19 outbreak. Nearly a third or over 30% of Revolut’s 10 million finance app users have been trading virtual currencies. The neobank’s app has… Read More

May 24, 2020 @ 11:02 pm By Omar Faridi  |  

San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15 minutes after the listing, however, it then crashed immediately. OMG is trading at $1.88 at the time of writing, down 5.44%… Read More

May 12, 2020 @ 8:43 am By Omar Faridi  |  

Binance.US, the leading cryptocurrency exchange company’s US-based division, has introduced an over-the-counter (OTC) digital asset trading desk. The new OTC option is only available for trades valued at $10,000 or more. OTC crypto trades are negotiated directly between the buyer and the seller. They don’t… Read More

May 11, 2020 @ 10:45 pm By Omar Faridi  |  

  In March, it was reported that CoinDCX had secured $3 million in funding through a Series A investment round, led by Bitcoin Mercantile Exchange (BitMEX) operator, HDR Group. At that time, Sumit Gupta, co-founder and CEO at CoinDCX, said the crypto space in India was developing… Read More

May 8, 2020 @ 7:59 am By Omar Faridi  |  

London-based TokenAnalyst, an enterprise-grade provider of data and tools to help users understand and access blockchains and trade digital assets, is reportedly planning to shut down its services. A few members of the TokenAnalyst team will be joining the San Francisco-based crypto exchange  Coinbase. Established… Read More

May 7, 2020 @ 11:02 pm By Omar Faridi  |  

Bittrex Global, Bittrex’s European digital asset exchange partner, revealed on May 5, 2020 that it will be issuing an exchange token next month. Founded in October of last year and based in Liechtenstein, the cryptocurrency trading platform has been built using the same technology stack… Read More

May 4, 2020 @ 7:33 pm By Omar Faridi  |  

The total volume of Ether (ETH) transactions performed via decentralized or non-custodial cryptocurrency exchanges (DEXs) reached approximately $2 billion (in total) for the first four months of this year. It appears that traders have recently begun to increasingly use DEXs to trade ETH this year,… Read More

April 30, 2020 @ 9:58 pm By Omar Faridi  |  

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

April 28, 2020 @ 10:07 pm By Omar Faridi  |  

FTX, a digital assets derivatives exchange that primarily caters to Asian traders and investors, will be introducing a spot exchange in the US markets. Sam Bankman-Fried, CEO at FTX, noted that the company’s US-based trading platform is presently in its beta testing phase. The spot… Read More

April 25, 2020 @ 5:52 pm By Omar Faridi  |  

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

April 14, 2020 @ 10:44 pm By Omar Faridi  |  

Seychelles-based Huobi Group, a blockchain and digital assets firm, is introducing an on-chain analytics tool, called Star Atlas, for monitoring and identifying illicit cryptocurrency transfers. The exchange’s Star Atlas tool allows users to track on-chain crypto-asset transactions in real-time. With the launch of this new… Read More

April 14, 2020 @ 3:27 pm By Omar Faridi  |  

We recently caught up with the developers of the Atomic Asset Exchange (AAX), a Malta-based cryptocurrency trading platform that’s powered by LSEG technology, which is a part of the London Stock Exchange Group. Thor Chan, the CEO at AAX, explained why his company’s exchange platform… Read More

April 13, 2020 @ 1:37 am By Omar Faridi  |  

Digital bank Revolut allows its 7 million customers to purchase cryptocurrencies. This, as reserve banks across the globe have announced huge stimulus packages to support their struggling economies, following the deadly Coronavirus (COVID-19) outbreak. This support from Revolut, which is notably one of Europe’s most… Read More

April 12, 2020 @ 4:20 pm By Omar Faridi  |  

Venezuela-based digital currency exchange Criptolago has confirmed that it will introduce a text message-based payment platform that can handle transactions in Venezuela’s controversial (allegedly) oil-backed Petro (PTR) cryptocurrency and other major digital assets. The new payment system could potentially help Venezuela’s residents with transacting in … Read More

April 8, 2020 @ 8:09 pm By Omar Faridi  |  

Dsdaq, a Fintech firm established in October 2019, has secured $1.5 million in funding from several angel investors including Efftronics Asia, a Hong Kong-based family investment office, and Draper Dragon, a Silicon Valley-based VC firm. Jiaxuan (Leah) Li, CMO at Dsdaq, stated: “Dsdaq is dedicated… Read More

March 31, 2020 @ 2:26 pm By Omar Faridi  |  

Huobi derivatives markets (DM), a trading platform that supports cryptocurrency futures and perpetual contracts, has introduced perpetual swaps, which are a new type of derivative product that allows users to better hedge risk and access leveraged arbitrage opportunities during volatile or unstable market conditions. As… Read More

March 30, 2020 @ 12:36 pm By Omar Faridi  |  

Leading digital asset exchange Binance will be delisting all 25 of its FTX leveraged cryptocurrency tokens. The exchange operator wrote in a company blog post published on March 28, 2020: “Due to lack of understanding of how leveraged tokens work by many of our users,… Read More

March 25, 2020 @ 1:54 pm By Omar Faridi  |  

Brave, the developer of a blockchain-powered Internet browser, has teamed up with leading crypto exchange Binance, in order to allow users to trade digital assets through its newly designed tab page. The Brave browser is an open-source project that’s based on Chromium, which is also… Read More