Asia’s Bakkt? AAX Rolls Out Crypto Trading With London Stock Exchange Tech

AAX, a Hong Kong-based cryptocurrency exchange that uses the London Stock Exchange (LSE)’s matching engine technology, has officially launched. After 19 months of development and testing, the company said on Thursday that the exchange platform has gone live on web and mobile, targeting retail and institutional investors with spot, futures and over-the-counter peer-to-peer trading. The LSE said previously that AAX would be the first crypto exchange to utilize its Millennium Exchange matching engine. Other major equity markets like the London one itself and the Hong Kong Stock Exchange also uses trading…

Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply from 105 billion to 50 billion. The move increased the chances of getting XLM delisted from exchanges that have been careful about which digital asset they would list on their trading platforms. I wonder how…

BitMEX Exchange Exposes User Base in Email Mishap

If you have an account with crypto derivatives exchange BitMEX, there’s never been a better time to update your security preferences. On Friday at 08:00 UTC, BitMEX alerted its clientele via blog and Twitter that it had accidentally revealed all of its users’ emails via carbon copy (CC). So, if you have an account with BitMEX, anyone obtaining the email has a portion of what’s needed to access your account. It also potentially opens users up to targeted phishing attacks. According to data tweeted by data analytics firm Skew, BitMEX has…

Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa

Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, with about $100,000 worth of daily crypto trading volume, and the South African exchange HIZA, which is expected to go live in the fourth quarter. Mohit Davar, EMEA regional president of Huobi Group, described to CoinDesk how these institutions are looking to leverage an international platform’s security resources and deeper…

Binance.US Cryptocurrency Exchange to List NEO and ATOM

The United States-focused wing of leading cryptocurrency exchange Binance will add support for Neo (NEO) and Cosmos (ATOM). Binance.US announced on Oct. 30 that it will add full trading support for the two tokens on Oct. 31, both of which are among the top-20 tokens by market capitalization according to Coin360. Per the announcement, users can already start depositing funds before trading commences at 9:00 p.m. EST tomorrow.  Cosmos provides a blockchain-based platform that works as a mediator between different blockchains. It launched its first ecosystem hub in March 2019…

Udi Wertheimer Offers to Promote Binance in Exchange for SegWit Support

One of the Bitcoin (BTC) space’s best-known and most outspoken developers has pledged to advertise Binance for the rest of the year if the exchange implements specific features. Wertheimer is confident that Binance lacks SegWit, Lightning In a Twitter debate beginning on Oct. 2, Udi Wertheimer has made an unusual decision to influence development of Binance, one of the world’s biggest cryptocurrency exchanges.  Appealing to Binance CEO Changpeng Zhao (known as “CZ”), Wertheimer said he could potentially change his Twitter profile picture to Binance’s logo for the rest of the…

Crypto Exchange Bithumb’s $333 Million Acquisition May Be in Jeopardy

A deal to acquire cryptocurrency exchange Bithumb for over $300 million remains in choppy waters. According to The Korea Herald on Monday, fintech firm BK Global Consortium’s deal to buy a majority stake in the major South Korean exchange has not yet been fully paid for. In October 2018, BTC Korean Holdings had agreed to sell 51 percent of its share in Bithumb to BK Global Consortium for $333 million. Since the deal was brokered, BK Global reportedly made a down payment of $100 million. However, sources close to the matter told…

Crypto Exchange Coindirect Launches OTC Brokerage in South Africa

Cryptocurrency exchange Coindirect launches an over-the-counter (OTC) brokerage in South Africa. As industry news outlet CoinInsider reported on Sept. 27, the platform creates a vast liquidity pool by integrating with global platforms, allows for Bitcoin (BTC) price locks after a confirmation and for instant processing with no fees or slippage.  Aimed at high volume users The service lets high volume users to avoid lengthy transactions that can reportedly take over 12 hours. The exchange’s COO Nic Haralambous added: “During our first two years in the industry we have paid close…

Bitrue Exchange to Launch Crypto-Backed Loan Platform

Singapore-based exchange Bitrue is launching a low-interest crypto lending platform, the company said. The service, which goes live on Sept. 30, loans BTC, ETH XRP and USDT at a 0.04% daily interest rate. Users pledge existing Bitrue-held crypto assets as collateral against their $100-minimum loans. Bitrue will fund its novel “power piggy” crypto-holding rewards program with users’ loan interest payments. The loan platform rollout is part of a larger shift for the XRP-focused exchange, CEO Curis Wang said in a statement, alluding to more financial instruments in the pipeline. “Bitrue’s…

Crypto Exchange Binance Awarded ISO Security Accreditation

Binance, the top cryptocurrency exchange by trading volume, says it’s been awarded an information security accreditation after meeting standards set out by the International Organization for Standardization (ISO). To meed the internationally recognized ISO/IEC 27001 standard, Binance said, it was audited by Norway based DNV GL, an international accredited registrar and classification society, and the United Kingdom Accreditation Service, a national accreditation body that evaluates firms on a variety of standards. The accreditation makes Binance the “first company in the cryptocurrency industry to be verified by DNV and UKAS,” the firm…