Trading

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

Market Wrap: Crypto Mining Stock Hut 8 Jumps on Unusually High Trading Volume

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Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday.  The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business.  Like cryptocurrencies themselves, mining company stocks are prone to …

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New alliance launches to connect DeFi projects with Chicago crypto trading firms

New alliance launches to connect DeFi projects with Chicago crypto trading firms

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A group of Chicago-based crypto trading shops is coming together to connect more closely with Open Finance (DeFi) projects. Volt Capital, Jump Trading, CMT Trading and DRW Trading launched today the Chicago DeFi Alliance (CDA. The organization, announced late Tuesday in a blog post, seeks to bring together the Chicago-based trading firms and DeFi projects from …

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Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

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Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018. …

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