Coinbase CEO Wants Firm to Move Beyond Trading in Next 5 Years

Brian Armstrong, CEO of major American crypto exchange and wallet service Coinbase,  believes that the firm will be less about trading and more about adoption five years from now. Armstrong wants the firm to connect people in crypto industry  In an AMA session on July 19, Armstrong presented his vision of the company in five years, claiming that he sees Coinbase as not just a crypto trading service provider, but rather a more universal entity driving adoption to crypto. Armstrong pointed out Coinbase’s mission to help grow the global crypto…

Crypto Markets Continue Trading in Red, Oil Reports Losses

Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency, Bitcoin (BTC), has continued coming down after yesterday’s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

Litecoin (LTC) Trading Volumes Swelling, Will $100 Stop Buyers?

Litecoin (LTC) recovery, adds 13.3 percent in 24 hours Ron Paul is a supporter of cryptocurrencies Despite FUD around cryptocurrencies, Litecoin bulls are active. Rejecting lower prices, LTC could float higher to $100 or better in coming days. Currently, bears will likely press lower since prices are down 17.4 percent week-to-date. Litecoin Price Analysis Fundamentals Undoubtedly, for what they seek to achieve, cryptocurrencies are the building blocks of a borderless future. As Bitcoin’s founder Satoshi Nakamoto laid down the seed that is now blossoming, attracting comments from Donald Trump and…

Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery

Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar. The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery. Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels. Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle…

Binance Expands Fiat Trading Pairs for Singapore Exchange

Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) on the platform, with more crypto coming in the future. The platform reportedly allows for instantaneous deposits and withdrawals via the…

Russian Smelting Giant Nornickel to Launch Digital Trading Platform by End of 2019

Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9. The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal trading] to the market by the end of 2019 and begin trading our tokens.” Bugrov also said that the token trading program could be worth nearly $1 billion, but that is rather a target…

Binance Launches Platform ‘2.0’ as Margin Trading Goes Live

The top crypto exchange by trading volume, Binance, has launched version 2.0 of its platform – a move that officially adds margin trading for its customers. The firm revealed that margin trading was on the way in late May, and said that the service would feature up to 20x leverage soon after. In an announcement Thursday, Binance indicated that leverage (the amount that can be borrowed against a user’s crypto collateral) is just 3x, however. “Your Margin Wallet balance determines the amount of funds you can borrow, following a fixed…

KuCoin Launches Bitcoin Derivatives Trading With 20x Leverage

IDG-backed cryptocurrency exchange KuCoin has just launched a platform offering crypto derivatives trading. Announced Monday, the KuMEX trading venue is now live in public beta and will offer initially a bitcoin perpetual contract (XBTUSDM), quoted in U.S. dollars, with up to 20x leverage. Aimed to make pricing “more fair and rigorous,” KuCoin said, KuMEX uses a bitcoin spot index providing a volume-weighted average of the U.S. dollar price of bitcoin across six exchanges: Coinbase Pro, Bitstamp, Kraken, Gemini, Liquid and Bittrex. The spot index also avoids a contract being liquidated “because of the…

High-Frequency Trading Is New Battleground in Crypto Exchange Race

The Takeaway High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too. Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets. Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers. Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market. A handful of cryptocurrency exchanges…

Bitcoin (BTC) Price Trading Near Make-or-Break Levels

After a strong recovery, bitcoin price struggled to gain momentum above $12,000 against the US Dollar. The price topped near the $12,050 level and recently corrected gains below $11,500. There is a major bearish trend line forming with resistance near $11,700 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could either surpass $11,700 and $12,000 or decline further below the $10,800 support. Bitcoin price is facing a couple of strong resistances near $11,700 and $12,000 against the US Dollar. BTC must surpass the $12,000…