Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform

The Bancor project has launched a heavily upgraded version of its decentralized exchange, promising to solve what it calls “DeFi’s dirty little secret.” According to a blog post released on Friday, the contracts have been deployed to mainnet in a beta launch mode. Each pool will have its liquidity capped to $1 million until a “pool manager” permanently removes the limitation when it is confirmed safe. As Cointelegraph previously reported, the exchange mitigates the issue of impermanent loss, where liquidity providers could lose some of their money as prices for…

Diginex’s Equos Set To Become First Crypto Exchange Listed in US

Blockchain-powered financial services company Diginex launched its new Equos digital asset exchange on July 30. The exchange will initially host crypto asset spot trading, with plans for “perpetual swaps, dated futures, options, and other derivatives products” to soon follow. The platform will support USD and the USD Coin (USDC) stablecoin at launch.  The spot exchange is licensed under an exemption to the Singapore Payment Services Act, with Diginex having also applied to become a ‘Major Payment Institution’ with the country’s regulator. The platform will also facilitate interoperability with Diginex’s hot…

Cleaning Up Crypto Exchange Wash Trading Will Take Global Regulation

When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating firms, exchanges and the larger crypto world. Data analytics firms recalibrated their exchange ranking metrics, and some assumed it was just a matter of time before wash trading was curtailed if not eliminated. But wash trading was back in the news last week when the CEO, president and chief operating officer of Canadian…

Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting at $11,000. USDT Exchange inflows. Source: Glassnode While research firms have found that there is an inverse correlation between the USDT held on exchanges and the price of Bitcoin, the inflow can also be considered as a bullish sign for…

Swiss SIX Exchange Lists Actively Managed Bitcoin ETP

Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA. Discretionary ETP might be a great fit for the crypto industry The BTCA is…

Exchange Activity Explodes Following Bitcoin’s $10K Breakout

Bitcoin’s (BTC) recent breakout was accompanied by a massive spike in on-chain exchange volume activity, according to data from Glassnode. On-Chain exchange activity. Source: Glassnode. Unlike regular trading volume that is often artificially inflated by the exchanges, on-chain activity may be more indicative of the true patterns. Interestingly, the only metric that experienced a downward trend is the number of exchange deposits. This may be a bullish sign in its own right. Weekly percentage change in volume. Source: Kaiko. 700% growth in DAI/USDT The data for the previous week indicates…

Exchange Won’t List XMR Due to ‘Issue With Regulators’

Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States. In a July 24 interview with Peter McCormack on his “What Bitcoin Did” podcast, Armstrong said he wanted to take a more conservative approach with Coinbase so the exchange would pass the test of time. One of these issues was avoiding direct confrontation about privacy coins including Monero. Armstrong told McCormack, who referred to Monero as “the most credible privacy coin,” that as privacy coins become more…

Door Still Open for Future ZEC Relisting, Liquid Exchange COO Says

After delisting privacy-focused asset Zcash (ZEC) in pursuit of regulatory compliance, Japanese exchange Liquid is not against a future relisting, pending regulatory clarity. “Regarding ZEC and our decision to temporarily stop providing trading services, we are seeking further guidance from both industry working groups and the MAS before we resume trading on Liquid,” exchange COO Seth Melamed told Cointelegraph on July 25, referring to the Monetary Authority of Singapore. He added: “In speaking with other VASPs [Virtual Asset Service Providers], we are not aware of any other exchange applying to…

Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements

Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance. “Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25. Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he added: “As part of risk management we have to take a conservative approach regarding maintaining listings in tokens that are potentially viewed by regulators as in conflict with rules around AML and CFT and the Funds Travel Rule.”…