Category: Exchanges

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Buying in these stablecoins may foretell where the crypto market is going.

February 2, 2021
OKEx Exchange to Integrate Bitcoin’s Lightning Network for Faster, Cheaper Transactions

High on-chain fees and transaction times for bitcoin can be off-putting to users, the exchange said.

February 2, 2021
Gemini Launches Interest-Earning Program For Bitcoin

Today, cryptocurrency exchange Gemini has launched an interest-earning program called Gemini Earn for select customers. With it, users can receive up to 7.4 percent annual percentage yield (APY) on the bitcoin or other cryptocurrencies they hold in their Gemini accounts. In a release shared with Bitcoin Magazine, Gemini called the program the first cryptocurrency-based, interest-earning…

February 2, 2021
Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run

Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development. A Curious Race to Convert Crypto to Fiat Has Accompanied Bitcoin’s Latest Drive Higher Sharing exclusive data…

February 1, 2021
Crypto Lender Nexo Adds Exchange Service to Its Mobile App

Nexo’s new service provides more than 75 cryptocurrency and fiat currency pairs for trading.

February 1, 2021
DEX tokens soar as trust in centralized exchanges is eroding

While the past week has been somewhat tumultuous, to put it mildly, for both crypto and stock markets, it looks like digital tokens related to decentralized exchanges (DEXs) are actually having a great time. The sector is in the green across the board as most DEX tokens are up anywhere between 1.3% and 317% over…

January 31, 2021
‘DeFi is really eating the world of finance,’ says Kraken CEO

The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. “Ethereum gives you access to a whole world of decentralized smart contracts, decentralized exchanges,…

January 30, 2021
Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama

The app offers trading of crypto assets as well as tokenized stocks listed on derivatives exchange FTX.

January 29, 2021
Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verification Rule Enacted by the Netherlands

A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues Additional KYC Rules Lack ‘a Proper Legal Basis’ Per the bitcoin…

January 29, 2021
Coinbase Announces Intention To Go Public With Direct Listing

Cryptocurrency exchange Coinbase announced its plan to become a publicly-traded company via a proposed direct listing of its Class A common stock, according to a post on its corporate blog. As one of the largest and longest-standing cryptocurrency exchanges, a public listing for Coinbase would mark a significant step toward mainstream financial inclusion for the…

January 28, 2021