The world’s biggest crypto exchanges are launching OTC desks for institutional investors. Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment […]
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Singapore-based Huobi exchange recorded 100 percent growth in trading volume in 2018 over the 2017. Major global crypto exchange Huobi has reported a 100 percent growth in trading volume in 2018 over the 2017, according to a press release shared with Cointelegraph on Feb. 7. The Singapore-headquartered company has reportedly expanded its staff from 400 […]
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Huobi.com is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs. Huobi.com, the United States-based partner of Singapore-headquartered crypto exchange Huobi, is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs. The development was revealed in a press release shared with Cointelegraph on Feb. 5. Huobi.com is operated by […]
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Crypto exchanges have reportedly started the year with smaller trading volumes, marking new lows that have not been recorded since 2017. Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4. Since the beginning of the year, digital […]
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More and more crypto companies are taking the route of a reverse IPO, but will it pay off? In a transaction that has all the hallmarks of a reverse initial public offering (IPO) — also called a reverse merger — OKC Holdings Corp., which is the parent company of OKCoin and OKEx (the world’s second-largest […]
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Chinese payment giants Alipay and WeChat Pay reportedly requested Huobi to remove their services from its OTC trading desk. Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and […]
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Sparkdex.HKD is reportedly the first HKD-backed stablecoin on the market, where “US Dollar stablecoins have dominated.” Hong Kong-based money transfer platform Bitspark has launched what is reportedly the first stablecoin pegged to the Hong Kong dollar (HKD), local tech and finance news outlet Fintech Hong Kong reports Jan. 29. Bitspark, which has positioned itself as […]
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Star Xu has bought a controlling share in a Hong Kong Stock Exchange-listed firm for around $60 million. Star Xu, founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has bought a controlling share in a Hong Kong Stock Exchange-listed firm for around $60 million. The deal was disclosed by the […]
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High-volume Coinbase Pro and Prime users in Europe and Asia can fund their accounts via international SWIFT wire transfer, the exchange reports. High-volume Coinbase Pro and Prime users in Europe and Asia can now fund their accounts via international SWIFT wire transfer from non-United States bank accounts, a post on the official Coinbase blog announces […]
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Analysts estimate that as much as ~$16 million worth of Ethereum and ERC20 tokens were stolen in the recent hack of New Zealand exchange Cryptopia. As much as $16 million worth of Ethereum (ETH) and ERC20 tokens were stolen in the recent hack of New Zealand exchange Cryptopia, according to an analysis from blockchain infrastructure […]
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