Founded in July 2017 by Changpeng Zhao, Binance is one of the fastest growing
cryptocurrency trading exchanges in the world.
Not exact matches
The crackdown on Seoul - based operators of some of the world's busiest virtual currency
exchanges comes as the government attempts to calm frenzied demand for
cryptocurrency trading in Asia's fourth largest economy.
South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on
cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies
in South Korea
trade for higher than international levels.
In the past month, the
cryptocurrency is up more than $ 8,000 to
trade at $ 14,950.06 on the Coinbase
exchange shortly before the beginning of futures
trading Sunday.
That's where
trading in bitcoin futures opens Sunday evening, as the first major U.S.
exchange offers a product pegged to the wildly fluctuating
cryptocurrency.
Currently, no federal regulator has direct authority over the cadre of
exchanges that
trade cryptocurrencies in the spot market.
Even as China shutters Bitcoin
exchanges and the U.S. Securities and
Exchange Commission signals heavier scrutiny of initial coin offerings, clients of
trading giant Goldman Sachs are still trying to get
in on the
cryptocurrency trade.
Dan Morehead, founder and CEO of Pantera Capital, a hedge fund that specializes
in cryptocurrencies, says his firm
trades on all the major online
exchanges, but will turn to a
trading outfit, like Circle's, when the desk posts prices «at a discount to the market.»
In a separate hearing on ICOs in Congress last week, Mike Lempres, chief legal and risk officer for cryptocurrency exchange Coinbase, said the company does not trade ICO tokens because it «can not take the risk of inadvertently trading an asset that is later found to be a security.&raqu
In a separate hearing on ICOs
in Congress last week, Mike Lempres, chief legal and risk officer for cryptocurrency exchange Coinbase, said the company does not trade ICO tokens because it «can not take the risk of inadvertently trading an asset that is later found to be a security.&raqu
in Congress last week, Mike Lempres, chief legal and risk officer for
cryptocurrency exchange Coinbase, said the company does not
trade ICO tokens because it «can not take the risk of inadvertently
trading an asset that is later found to be a security.»
Then it called on local
exchanges to stop
trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy - intensive computing process that makes transactions with the digital currency possible.
The Chicago Mercantile
Exchange (CME) Group said last week that it wanted to start
trading bitcoin futures — a move that appeared to give the
cryptocurrency greater legitimacy, but that also prompted some to express fears over the implications of bitcoin derivatives, given the low level of regulation
in the market.
This is a big reversal of fortune after a terrible week for the digital currency
in which the CEO of J.P. Morgan (jpm) slammed bitcoin as «a fraud» and the Chinese government ordered
cryptocurrency exchanges to cease
trading.
Just a week ago, Circle, a financial services firm specializing
in Bitcoin
trading, acquired Poloniex, a rival
cryptocurrency exchange to Coinbase, for a price believed to be around $ 400 million, as Fortune first reported.
Bitcoin cash skyrocketed after the leading
cryptocurrency exchange said it would begin
trading in bitcoin cash.
The U.S. Securities and
Exchange Commission is investigating
trading activity
in shares of Longfin, a tiny stock that surged astronomically
in December after the firm announced a
cryptocurrency - related acquisition, the company disclosed late Monday.
[Coinbase's] impenetrability has earned it a reputation as the safest place to buy Bitcoin, helping it attract more than 9 million customers who store at least $ 3 billion
in cryptocurrency there, and who have
traded $ 25 billion to date on its retail brokerage as well as its institutional
exchange, GDAX.
In its notice, the Canadian agency also warned cryptocurrency exchanges, where the tokens created in an ICO can be exchanged for popular cryptocurrencies like bitcoin or Ethereum, that their business could fall within the ambit of securities tradin
In its notice, the Canadian agency also warned
cryptocurrency exchanges, where the tokens created
in an ICO can be exchanged for popular cryptocurrencies like bitcoin or Ethereum, that their business could fall within the ambit of securities tradin
in an ICO can be
exchanged for popular
cryptocurrencies like bitcoin or Ethereum, that their business could fall within the ambit of securities
trading.
The index fund, which will invest
in the same
cryptocurrencies traded on Coinbase and its institutional
exchange GDAX — currently including Bitcoin, Ethereum, Bitcoin Cash and Litecoin — will be available only to U.S. accredited investors, or those who have annual income of at least $ 200,000 or a net worth of at least $ 1 million.
One of the largest
cryptocurrency exchanges in the world by
trading volume, it is owned by a British Virgin Islands company and does not have a head office, Reuters reported
in September.
Once the sale is over, the company's coin can be
traded on
cryptocurrency exchanges and could theoretically increase
in value if there is enough demand around a certain project.
Chinese bitcoin
exchange BTCChina said on Thursday that it would stop all
trading from Sept. 30, setting off a further slide
in the value of the
cryptocurrency that left it over 30 percent away from the record highs it hit earlier
in the month.
China has boomed as a
cryptocurrency trading location
in recent years, as investors and speculators flocked to domestic
exchanges that formerly allowed users to conduct
trades for free, boosting demand.
The South Korean Fair
Trade Commission is conducting
in - person investigations into 13 of the country's leading
cryptocurrency exchanges.
A committee head
in Russia's State Duma has suggested that the Moscow Stock
Exchange may become the site of
cryptocurrency trading.
Big Money Movers As signs of life from Bitcoin begin to make waves
in the broader
cryptocurrency market, the amount of high - volume, off -
exchange trades is starting to pick up.
Anatoly Aksakov, the head of the Financial Market Committee
in the State Duma, the lower house of Russia's parliament, has reportedly said that the Russian Federation's Central Bank may allow the launch of
cryptocurrency trading on the Moscow Stock
Exchange.
Two of South Korea's largest banks, Shinhan and KB Kookmin, will be concluding their partnership with the
cryptocurrency exchange Coinplug, which currently allows customers who are participating
in some of the banks» credit card rewards programs to
trade the points that they've earned for bitcoin.
It relates that
in light of
cryptocurrency price fluctuations, the attack on the South Korean
exchange Youbit, and that platform's consequent decision to declare bankruptcy, «It is necessary... to be vigilant about virtual currency
trading.»
The rapid growth and extreme volatility of
cryptocurrency trading has sparked interest
in developing futures and options that can be
traded on regulated
exchanges.
Slippage
in cryptocurrency trading has prompted Coinbase, the largest digital currency
exchange, to introduce over-the-counter (OTC) block
trades, according to a report.
According to the report
in Tass, Deputy Finance Minister Alexei Moiseev has said that his agency would be working with the central bank to compile a list of
exchanges that could support
cryptocurrency trading, adding that other marketplaces might ultimately be allowed to offer the service as well.
The RBI's decision could deal a death blow to India - based
exchanges that facilitate
trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money
in their bank accounts or digital wallets to buy or sell these virtual assets.
Given the large volume that is
traded on such
exchanges, it's possible that new
cryptocurrency regulation could reduce prices
in the near - term.
In China, over the last several months, regulators shut down vast swathes of the
cryptocurrency world, banning token offerings (ICOs) and demanding that
trading on
cryptocurrency exchanges cease.
One source — it's unclear whether he is the same source who provided the above quote — said that other measures, such as value - added and capital gains taxes on
cryptocurrency trades and corporate taxes on
exchanges, are also being discussed
in government circles.
XRP, which is a virtual currency that is
traded against the U.S. dollar on
cryptocurrency exchanges online, has soared
in value to $ 0.20 since the companies entered the options agreement, according to CoinMarketCap.com.
The finance ministry had published an earlier draft of the latter bill on its website
in January 2018, and noted that the central bank took exception to a provision that would allow decentralized
cryptocurrencies to be
traded on
exchanges for other digital assets as well as for fiat money.
Launched by DAYLI Financial Group, Icon is listed
in Bithumb and Upbit, South Korea's major
cryptocurrency exchanges, and started
trading on March 21.
On September 14, 2017, reports surfaced that BTCChina (BTCC), a Shanghai - based
cryptocurrency exchange, had announced that, effective September 30, it would suspend
trading in China.
Although over-the-counter
trading remains legal, squashing
exchange - based
trade might harm
cryptocurrency adoption
in China.
The
cryptocurrency exchange Kraken sent an email on April 17 to its Japan - based clients informing them that, starting on a yet - to - be-announced date
in June, residents of the country will no longer be allowed to
trade digital assets on the platform.
Average daily
traded volumes across
cryptocurrency exchanges fell to $ 9.1 billion
in March and to $ 7.4 billion
in the first half of April, compared with almost $ 17 billion
in December, according to data compiled by crypto analysis website CryptoCompare.
The panel meeting came after regulators
in Israel offered up proposals that would keep companies from
trading on the main stock
exchange if their focus was with
cryptocurrencies.
In a statement, Gemini CEO Tyler Winklevoss said that monitoring
trades «betters our
exchange and the
cryptocurrency industry as a whole.»
They also describe an increase
in the number of institutional investors coming into the
cryptocurrency market, and they predict that this will drive the
trading platforms to adopt the types of best practices commonly seen
in more established markets such as futures
exchanges.
In November, the Internal Revenue Service (IRS) won a court case against popular cryptocurrency exchange Coinbase that required the exchange to hand over information on 14,355 users who'd traded in excess of $ 20,000 worth of bitcoin between 2013 and 201
In November, the Internal Revenue Service (IRS) won a court case against popular
cryptocurrency exchange Coinbase that required the
exchange to hand over information on 14,355 users who'd
traded in excess of $ 20,000 worth of bitcoin between 2013 and 201
in excess of $ 20,000 worth of bitcoin between 2013 and 2015.
The major factors that affect the revenue are governed by the actual number of
cryptocurrencies being circulated
in the world,
exchange of digital assets and
cryptocurrency trading.
In one of its Financial Services Policy updates, Google has decided to ban advertisements promoting
cryptocurrencies and the related content which includes initial coin offerings (ICOs),
cryptocurrency exchanges,
cryptocurrency wallets, and
cryptocurrency trading advice, starting from June this year.
Investors and
exchanges in South Korea were bracing themselves for what was understood as a potential government - issued ban on
cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels.
Kraken, the US - based
cryptocurrency exchange, has announced their plans of ceasing all of their
trading operations
in Japan
in the near future.