Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…

Bakkt Expands Bitcoin Custody Service Beyond Futures Trading Clients

Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Bakkt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only able to provide custody services to clients trading its bitcoin futures contracts. Monday’s news comes amid an additional approval by the New York Department of Financial Services (NYDFS), which previously granted the company a trust…

Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on Nov. 8.  Additionally, the daily volume of 1,741 (about $15.5 million) represents a 109% increase over the 834 contracts traded the day…

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…

Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option

Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.” Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S. Binance had said in September that fiat…

eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Vanguard Group Tests Blockchain Platform for Trading Currencies

The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…

Binance Delists Trading Pairs, Some Include Tokens From Its Launchpad

Major cryptocurrency exchange Binance announced on Sept. 30 that it is removing a batch of thirty trading pairs from its listings.  Curiously, six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent (BTT), Elrond (ERD), Harmony (ONE) and WINk (WIN). Full list of trading pairs removed Whilst not all of the trading pairs delisted include Binance Launchpad tokens, a significant 20% of them do. The full list is as follows: “ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC,…

Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

Friday, Sept. 27 — The top-20 digital currencies are reporting mixed signals today, experiencing moderate gains and losses throughout the past 24 hours following the nosedive they took on Tuesday, Sept. 24. Cryptocurrency market daily overview. Source: Coin360 The leading cryptocurrency, Bitcoin (BTC), is trading sideways, up by 1.18% over the last 24 hours to trade at around $7,970 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $7,752, while the intraday high reached $8,198. At the beginning of the day, Bitcoin…

Coinbase Rolls Out Stellar Lumens (XLM) Trading in New York State

Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York. The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app.  The company announced: “Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send,…