exchange

January’s decentralized exchange volumes are on track to reach record highs

January’s decentralized exchange volumes are on track to reach record highs

This month’s decentralized exchange (DEX) volumes are set to break September 2020’s record highs. According to data compiled by The Block, current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer.    Uniswap currently makes up 44.85% of …

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$76M Ether Fund Makes 'World First' IPO on Canadian Stock Exchange

$76M Ether Fund Makes ‘World First’ IPO on Canadian Stock Exchange

An Ethereum-based fund has completed its initial public offering (IPO) on the Toronto Stock Exchange (TSX). According to a press release on Thursday, Canadian investment fund manager 3iQ announced the sale of more than 7.2 million Class A and F units totaling gross proceeds of around $76.5 million. The Ether Fund Class A Units, aimed …

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Singapore’s third-largest bank appears to be building a crypto custody solution

Singapore stock exchange takes 10% stake in DBS’ new crypto trading platform

Singapore’s largest bank DBS has officially announced it will set up a digital asset exchange and the country’s stock exchange will take 10% stake in the new trading platform. In a release on Thursday, DBS confirmed it will set up a digital exchange that opens to only institutional and accredited investors. The platform, called DBS …

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OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, said his firm has taken steps to ensure the issue that caused a freeze of over five weeks in cryptocurrency withdrawals cannot reoccur. In an ask-me-anything (AMA) session, a transcript of which was published on Wednesday, Hao said the incident led the exchange “to make several improvements …

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[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

Imagine a network where partners – stemming from legacy finance, CeFi, and DeFi industries – are all created equal. This network has no central nodes and all data is sent from one node to another via the shortest, most efficient route available. In this network, all participants agree to a set of core conceits – …

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Three big questions now that the U.S. government is cracking down on BitMEX

BitMEX officials allegedly ‘looted’ $440 million from exchange after learning about U.S. charges, per lawsuit filing

Plaintiffs in a civil lawsuit filed this spring allege that the leadership of HDR Global — the parent company of crypto derivatives exchange BitMEX — withdrew significant sums of money once they learned about investigations and pending charges from U.S. regulators and law enforcement. The allegations were included in an October 30 court filing. That …

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