Trading

Bitstamp to halt trading of XRP for US customers

Crypto market maker B2C2 halts XRP trading with US counterparties

In the wake of the Securities and Exchange Commission’s lawsuit against Ripple, crypto market-making firm B2C2 halted the trading of XRP with U.S.-based counterparties on Thursday, a representative of the firm confirmed to The Block.  As one of the largest market-making firms in the crypto market, B2C2 operates in the U.S. through B2C2 USA. The …

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Bitcoin transaction values and fees grew in 2020’s third quarter

Sovryn launches Bitcoin-powered trading and lending platform

Users can now trade bitcoin on the newly-launched decentralized trading and lending platform Sovryn, the platform announced on Tuesday. The team behind Sovryn, which was built on the Bitcoin-powered smart contract platform RSK, says it will soon launch its decentralized governance platform as well.  The launch comes after Sovryn raised $2.1 million in funding. Investors …

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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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Spanish banking giant BBVA is said to be launching crypto trading and custody services

Spanish banking giant BBVA is said to be launching crypto trading and custody services

BBVA, Spain’s second-largest bank, is reportedly launching cryptocurrency trading and custody services in the coming months. CoinDesk reported the news on Monday, citing “two people familiar with the plans.” BBVA will reportedly offer the services from Switzerland and is awaiting regulatory approvals. “There are still some compliance hurdles so this will not be in December, …

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United States is the country of choice for institutional crypto trading service providers

United States is the country of choice for institutional crypto trading service providers

In a survey of institutional cryptocurrency trading service providers, The Block Research team has found that a majority of them, approximately 61%, are based in the United States. Other popular regions include Hong Kong, Singapore, and Switzerland for institutional-focused cryptocurrency trading firms. Furthermore, according to The Block Research’s John Dantoni, “about 75% of the firms …

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OKEx is resuming peer-to-peer fiat trading for Chinese yuan

OKEx is resuming peer-to-peer fiat trading for Chinese yuan

Cryptocurrency exchange OKEx said in an announcement on Wednesday that it will resume the peer-to-peer (P2P) fiat-to-crypto trading tunnel for Chinese yuan, Vietnamese dong, and Indian rupee, starting from 20:00 Hong Kong Time on October 21. OKEx disabled the P2P fiat-to-crypto trading interface after it announced the suspension of withdrawal of crypto assets on the …

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