Exchange

The Binance Coin has seen an explosive price action this month, leading it past the $300 mark. Currently trading at slightly over $200, the coin can account for its boom due to its parent company's continued advances. Looking behind its success story is the crypto exchange Binance, founded in 2017 by Changpeng Zhao. The exchange ecosystem operates as a centralized exchange to solve low market liquidity, platform insecurity, and many more. The exchange managed to make massive strides ever since…

Thailand Securities and Exchange Commission has directed crypto exchange Bitkub to stop accepting new customers on their platforms. This directive comes after the exchange shut down temporarily in January due to the influx of new customers on its platform. Regulatory Demands Not Met By BitKub  Bitkub acknowledged the directive from the regulatory body and revealed in a statement that it would suspend the registration of new users. The development comes after the exchange suffered a major technical problem in January.…

Nexon Group, a video game development company, is set to acquire Korean exchange Bithumb for $457 million. This could end months of speculation about the future of the exchange placed on the market in 2020. Nexon Set for Record Acquisition According to local media, Nexon is positioning itself to purchase a 65% stake in Bithumb for around 500 billion Won ($457 million). Nexon has signed an agreement with Bithumb at the beginning of January but has not finalized the agreement.…

The surge in crypto exchanges has been astonishing, considering governments' dire need to sanction cryptocurrencies. However, it seems crypto adoption is inevitable, and the number of crypto exchanges will continue to grow.  Currently, on coinmarketcap, there are up to 314 exchanges. All these exchanges have different features, and transaction fees and support different coins. But which exchanges can you trust? We've all read the news of the many hack incidents that have happened in the crypto space.  Well, put OKX…

Bitcoin's continued decline is sending ripples through the crypto market. Yesterday, the coin registered its largest single-day crash in over ten months. The trading frenzy that ensued resulted in the crushing of BitMEX, the most profitable crypto-derivatives exchange.    BTC shed nearly 50% of its value to close at about $3,800, a decline that proved too much for the exchange's handling. Skew markets reports that BitMEX experienced liquidations of up to $863 million. Additionally, the platform saw the liquidation of…

An announcement by the crypto wallet and exchange provider, Blockchain.com shall enable users to borrow against their holdings. The loans are available in US Dollar-denominated stablecoins against holdings of Bitcoin. All holders of Blockchain.com wallet can access these borrowings immediately once collateral is made available. While there was no specificity on which stablecoins the loans would be paid out in, there is a high likelihood it will be PAX stablecoin. This dollar-pegged stablecoin was added by the wallet last year.…

Cryptocurrency trading is quickly becoming famous for people to cash in on digital coins. Today, more than just the regular whales take part in trading. One of the most significant elements of crypto trading is having a reliable exchange. Although successful trading requires more than just an excellent exchange, having one is a step in the right direction. Several exchanges exist today to cater to different needs. If you need help figuring out where to start, the numerous options available…

Recently, Crex24 crypto exchange users, have accused the platform of not being truthful about the extent of the most recent hack. The accusations arose after the users noticed suspension of trades in several altcoins on the platform.  According to the customers, Crex24 has not been forthcoming about the reasons for them suspending the trading of over 60 altcoins. The most recent event in Crex24 is freezing the platform's multiple coins' withdrawals and deposits.   Although many people have accused Crex24 of…

According to CoinATMRadar, there is a global surge in Crypto ATMs. The surge is owing to increasing crypto prices and a consequent rising adoption of crypto for payments. CoinATMRadar's most recent report reveals that there are currently 7,057 crypto ATMs globally, providing more comfortable options for purchasing and converting crypto assets to fiat using either cash or debit cards. 5,089 ATMs are found in the US, 784 in Canada, 303 in the UK, 84 in Spain, and 126 in Austria. …