Tag: Trading

SEC and CFTC open doors for spot crypto trading on US registered exchanges

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Photo: Tierney L. Cross Key Takeaways The SEC and CFTC issued a joint staff statement clarifying that registered US exchanges are not prohibited from listing certain spot crypto products. Agency leaders framed the move as a reversal from past mixed signals, part of efforts to make the US a global hub for blockchain innovation. Share this article The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint staff statement clearing the way for US-registered exchanges to list and facilitate trading of certain spot…

Trading apps usurp TikTok in popularity

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Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions respectively. One possible conclusion? Folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms — a conclusion noted by CNBC in an article on Friday. Robinhood saw significant coverage in January when…

Shapeshift to Pioneer Cross-Chain Trading With THORChain

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Share this article ShapeShift users can now swap Bitcoin, Ethereum, or Litecoin directly across their respective blockchains is now possible for the first time ever. A First From ShapeShift’s DEX Swapping assets between different blockchains have been a much-requested feature of DeFi, which, so far, had not seen much progress. Vitalik Buterin himself tweeted in March 2020 about the necessity to allow users to trade between the two most important blockchains. We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It’s embarrassing…

Binance Will Launch Coinbase Trading Alongside Nasdaq

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Hours before Coinbase begins trading on Nasdaq, Binance, another top cryptocurrency exchange, has announced the launch of the Coinbase Stock Token on the platform. Binance Launches Coinbase Tokens The stock token listing will follow immediately after Coinbase’s scheduled listing on Nasdaq today.  After the trading pair is open, Binance users will be able to trade the token with zero commissions. Earlier this week, the exchange announced users’ ability to trade a similar stock token in Tesla. The new feature is made possible to a partnership with CM-Equity AG and Digital Assets…

Social Trading Platform Enso Finance Raises $5M in Funding Round 

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Key Takeaways Enso Finance has raised $5 million from Polychain, Dfinity Beacon Fund, Multicoin Capital, and other key industry players. Enso Finance is a DeFi tool for creating permissionless trading strategies. It’s hoping to make DeFi more frictionless and accessible. The project will initially launch on Ethereum, though it has plans for “multi-chain support” to follow. Share this article Soon-to-launch social trading platform Enso Finance gets a cash injection.  Enso Finance Closes Funding Round  Enso Finance has closed a $5 million funding round. Polychain and Dfinity Beacon Fund led the…

CME Sees Second-Best Month for Bitcoin Futures Trading

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January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of institutional interest, CME said. It also registered a record monthly average of 56 large open interest holders (entities that hold 25+ contracts). The Chicago Mercantile Exchange (CME) launched its Bitcoin futures options last month, with…

Telegram Hit By New SEC Evidence Showing Token Trading After ICO

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The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of Gram tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently refuted these claims and published a statement last week to address…

Festive, Free Automated Trading Bot Can Be Set Up in 10 Minutes

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A cloud trading software platform argues the public has the chance to take advantage of volatility in the cryptocurrency marketplace through automated trading – “maximizing their opportunities” and enabling their assets to appreciate. Trade Santa says its cloud software platform is designed to automate simple strategies relied upon by thousands of traders around the world. Its bot is free to use, and the company hopes to ensure capitalizing on fluctuations in cryptocurrencies doesn’t need to be a full-time job. The team behind the Santa Bot says it takes about 10…

Binance Will Support USDC Trading Starting November 17

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Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB. The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 1:1 with the USD. “For increased transparency, USDC has engaged a top-ranking auditing firm to release…

Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

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Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this year, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. This latest development from Coincheck reveals the exchange has “joined the Japan Security Association and is “ready to renovate its image.” Alongside NEM trades, the platform has also opened support for Ethereum (ETH) and…