Binance’s CEO Says Crypto Exchange Has Applied for a Singapore License

The world’s top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore. According to a report from Bloomberg on Sunday, the firm’s CEO and co-founder Changpeng “CZ” Zhao said in an interview that an application has already been submitted to the island state’s authorities under new legislation passed in late January. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded,” CZ told Bloomberg. The updated Payments Services…

OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange

Despite ongoing uncertainty regarding cryptocurrency regulation in India, major global crypto exchange OKEx has just made another push in the country’s market. On Feb. 14, OKEx partnered with India’s largest cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in India. As part of the partnership, OKEx will make a major step into the Indian cryptocurrency market, enabling more liquidity with its extensive expertise in developing world-class futures, CoinDCX said in an announcement shared with Cointelegraph. Specifically, the partnership purportedly unlocks CoinDCX’s new crypto futures product, DCXfutures, that…

OKEx Partners With Bain-Backed Crypto Exchange to Launch Leveraged Futures in India

An Indian cryptocurrency exchange has partnered with Malta-based trading platform OKEx to offer futures products specifically for the subcontinent market. Mumbai-based CoinDCX announced Friday that it had formed a strategic partnership under which OKEx will help it develop a new derivative facility – known as DCXfutures – in return for providing OKEx with a foothold in the Indian market. Using CoinDCX’s new derivatives facility, Indian investors will be able to trade futures, with leverage of up to 15x provided by OKEx, on nine cryptocurrencies, including bitcoin, ether, XRP, and litecoin.…

Binance Adds 15 Fiat Currencies as Exchange Pushes Global Expansion

Binance has added payment support for 15 fiat currencies in a major push to corner local markets. The Malta-based cryptocurrency exchange announced Friday that users can now purchase cryptocurrencies with a longer list of supported fiat currencies through its integration with Israeli fiat payments processor Simplex. The new integration provides gateways for currencies including the Swiss franc, Korean won and Australian dollar, as well as the Polish zloty and South African rand. Currencies that have already been made available through Binance’s fiat-to-crypto trading facility, such as pound sterling and Russian…

B2C2 Teams With SFOX Exchange to Bring Transparency to OTC Trades

B2C2, a London-based over-the-counter (OTC) market maker, is sharing its data and allowing transactions on the Los Angeles-based exchange aggregator SFOX. The partnership began at 10 a.m. Eastern time (15:00 UTC) Wednesday. It offers traders more access to price discovery in a thinly traded cryptocurrency market that lacks transparency. It also allows traders to view comparative pricing with exchanges and over-the-counter markets.  Price discovery is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers.  The B2C2 OTC price feeds available on…

Poloniex Crypto Exchange Forced to Roll Back Trades After Update Error

Cryptocurrency exchange Poloniex, which was recently acquired by an investment group including Tron founder Justin Sun, has been forced to roll back trading activity after it introduced an error in its system. The firm said in a tweet on Tuesday it had rolled out a change that accidentally included a bug that “briefly caused trades to be executed erroneously.” Poloniex said its automated audits spotted the error and put the site into maintenance mode. “We have identified the bug and deployed a fix,” according to the message. In other tweets…

Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites

Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites.  According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused these 8 FX sites of violating the Mifid2 and the Consolidated Law on Finance (TUF) for providing illegal trading products and services.  Crypto regulation in Italy Aiming to protect investors, the Italian authorities have set out to establish cryptocurrency regulation domestically. A 2016 ministerial resolution implemented a European Court of Justice decision. It…

New Crypto Exchange Altsbit Says It Will Close Following Hack

A cryptocurrency exchange that only launched in the last few months says it has been hit by a hack that it can’t afford to cover. Altsbit – a platform reported to be based in Italy, though it doesn’t make this clear on its website or social media – announced the breach last Thursday, stating on Twitter: “Unfortunately we have to notify you with the fact that our exchange was hacked during the night and almost all funds from BTC, ETH, ARRR and VRSC were stolen. A small part of the…

Crypto Derivatives Exchange Adds ‘BERNIE’ Futures Following ‘TRUMP’

After launching TRUMP futures trading last week, FTX plans to release five additional 2020 presidential election-based futures products. “What we’re about to come out with is just similar contracts for the top five Democratic candidates,” an FTX representative told Cointelegraph in an interview.  2020 Reelection futures expand offering FTX plans to launch a Bernie Sanders (BERNIE) futures trading product, as well as futures on Joe Biden (BIDEN), Elizabeth Warren (WARREN), Pete Buttigieg (PETE) and Mike Bloomberg (BLOOMBERG).  Although FTX has not finalized a release date for these products as of…

London Block Exchange Placed Into Compulsory Liquidation

The company formerly known as London Block Exchange (LBX), which faced a lawsuit from one of its creditors, is to be wound up. Known as Dragon Payments Ltd. since last July, the firm announced Thursday that it had been placed into compulsory liquidation on Jan. 31. Paul Cooper and Paul Appleton of David Rubin & Partners were appointed as joint liquidators earlier this week by the U.K.’s Secretary of State for Business. In a statement that has now entirely replaced its website, the company said: “the Joint Liquidators and their…