Enjoy Pumped Up Deals on Arbitrage Trading With Sibex

Arbitrage refers to purchasing and selling an asset to profit from a difference in the asset's price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments in different markets or different forms.  Arbitrage has existed for years in the financial world, and it is gathering momentum in cryptocurrency. With cryptocurrency trading taking roots and spreading across the world, there are periods with significant price variance between exchanges.  Crypto arbitrage is…

OTC Exchanges Forestalled $900,000 Bank Heist in Brazil

Some perpetrators targeted a multinational financial institution based in Spain, Banco Santander. It is an online heist that involved the sum of $900,000. However, it was forestalled following the seizure of the money by local over-the-counter (OTC) cryptocurrency exchanges. After the heist, they quickly tried the conversion of the stolen funds into Bitcoin. The local press, known as the Bitcoin Portal, said due to the huge sum of money involved, this prompted several of the bank accounts of the exchanges…

Bitget Exchange Review: Is it Really Easy to Get, Easy to Exchange?

Singapore is one of the leading countries when it comes to cryptocurrency adoption. As such, it is no surprise that the country is home to several trading exchange platforms.  Bitget.com is one such exchange that has its headquarters in Singapore. However, the digital asset trading platform serves users across the world.  Like any other trading platform, it is necessary to get into the full details before deciding to join Bitget.com. For this reason, we went into all the trouble to…

BITXMI Exchange: The Lowest Trading Fees Exchange in the World

A few years ago, when not many people knew how crypto trading works, the practice was left for whales and other large entities who could trade the digital coins successfully.  However, a decade after introducing digital currencies, many exchanges have emerged that make crypto trading an easier task. Therefore, it is not only restricted to whales and other enthusiasts who hold large amounts of digital coins.  Exchanges make it easier for people to trade their cryptos in a secure and…

How to Make Money with DeFi OTC

There has been a recent surge in products as well as platforms providing DeFi services. Decentralized Finance, commonly referred to as DeFi, denotes any financial service offered on a blockchain, usually Ethereum smart contracts. An example of DeFi services and solutions is Over-the-Counter (OTC) cryptocurrency, which in the past three years has witnessed enormous growth marked by a substantial increase in volume and clients across the globe. Bloomberg's recent report established that OTC turnover in 2018 amounted to more than…

Kraken Exchange Acquires the Once-Powerful Circle’s OTC Desk

Founded in 2013, the San Francisco-based cryptocurrency exchange Circle is one of the earliest digital assets players. The OTC office once got recognized as one of the most profitable companies on the market. On 17 December, Kraken confirmed its purchase of Circle's over-the-counter office. In a blog post announcing the move, Circle co-founders Jeremy Allaire and Sean Neville confirmed the firm's OTC business's sale to Kraken. They stated that they have known and admired Jesse and his team at Kraken…