Binance Scores Big Win as Newly Licensed Exchange in Italy

Binance cryptocurrency exchange has just scored a big win as its Italian offshoot, dubbed Binance Italy, has received approval to operate in the country by the Organismo Agenti e Mediatori (OAM). With the new license, Binance can now work, and offer its products and services to Italians, marking the firm’s gradual influence growth in the European Economic Area (EEA). Back in 2021, several regulators around the world, including those from Italy warned Binance to stop offering exchange-related activities on their shores.  With the restrictions from regulators and watchdogs mounting massively,…

BitMEX launches spot crypto exchange following $30M penalty

Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is now live, allowing retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin (BTC) and Ether (ETH). At launch, the exchange supports seven pairs of cryptocurrencies, including BTC, ETH, Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), all trading against the Tether stablecoin (USDT). The launch of the…

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users. Coinbase Ventures, Alameda Research, Huobi Ventures and other prominent venture capital firms and angel investors have contributed $23 million to launch MARA. The exchange will initially operate in Kenya and Nigeria, offering new users a basic exchange platform to acquire, trade and withdraw cryptocurrencies. The platform will offer a professional exchange featuring extensive trading options and technical analysis tools for more experienced…

Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside

Bitcoin exchange inflows have been on the rise recently. Although there was a period where it had tapered off, it had continued to rise once more. The culmination of this has been a massive inflow into various centralized exchanges, presumably for investors to sell off their coins. Now the inflows have hit a new three-month high, painting a rather grim picture for the future of the digital asset. Inflows Take Over Bitcoin investors have been dumping their holdings since the digital asset started its descent from its $69,000 all-time high.…

Bitcoin whales jumping ship as exchange inflows reach 3-month high

The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs). Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million coins, the most since February. #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC Previous 3-month high…

Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto

Swyftx exchange will begin offering interest-bearing yields on a wide range of cryptocurrency assets — the first Australian-operated crypto exchange to do so. Swyftx’s new product, called Earn, will offer Australian and New Zealand residents the ability to earn interest on 21 different digital assets, including large-cap cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA) and stablecoins like Tether (USDT) and USD Coin (USDC). Swyftx Chief Executive Officer, Ryan Parsons, said the exchange’s Earn feature was one of the most competitive in the crypto industry, as the Brisbane-based…

Belgian financial regulator FSMA to regulate crypto exchange services

A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline. Starting tomorrow, May 1, legal individuals and entities that wish to provide crypto exchange services or custodial wallets in Belgium will have to register in advance, according to the information released by the FSMA. As from 1 May 2022, providers of exchange services between #virtual #currencies and legal currencies, or custody #wallet services will have to…

Trading on Indian Crypto Exchange Continues to Slump Following New Tax Laws; Cryptos Higher

The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roughly $2,880, a more than 1.9% gain over the same period. Trading volume and volatility remained at low levels as investors continued to grapple with the toxic combination of rising prices and uncertainty. Author: Shaurya Malwa, Damanick Dantes, James Rubin Source link

Former Jefferies FX brokers launching institutional crypto exchange

Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors.  Named Crossover Markets Group Inc. the exchange is set to debut in “late summer to early fall” following the closure of a recent seed funding round. The Crossover Markets’ website describes the new exchange as a “digital asset exchange designed to meet the liquidity needs of institutional clients.” We are excited to officially announce the creation of Crossover Markets! More announcements coming soon!https://t.co/2igfAQleaS#Crypto #DigitalAssets #institutional #fx — Crossover Markets (@crossover_mkts) April 26,…

0x Labs Raises $70M Led By Greylock, to Continue Expanding Web3’s Core Exchange Infrastructure

SAN FRANCISCO–(BUSINESS WIRE)–0x Labs, the architect of Web3 exchange infrastructure 0x, has raised $70M in a Series B round led by Greylock. Other investors in the round include Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, Coinbase, Brevan Howard, Reid Hoffman, and Jared Leto. The funding will fuel the continued growth of the 0x Labs team and its product and service offerings, including Matcha, the search engine for tokens; 0x API, supplying multi-chain aggregated liquidity as a service; and 0x Protocol, the open-source, global backbone for decentralized exchange. The company also…