Crypto Exchange

A Brazilian bank, known as Banco Bradescohas, recently rejected an agreement hindering the closure of crypto exchanges accounts. Banco Bradescohas’s recent act could mean it is completely cutting ties with the cryptocurrency exchanges. The fact that Banco Bradescohas is a renowned bank in Brazil may negatively affect the country’s cryptocurrency domain after the bank shunned the agreement. In December 2019, the Administrative Council of Economic Defense of Brazil clarified that withdrawal of bank services offered to crypto exchanges is not…

Following Binance announcement, it explains the collaboration exchange with Satang Corporation, which is considered as the oldest digital currency exchange in Thailand. Based on this collaboration, the main point of focus was in light of the Thai Baht (THB) fiat channel establishment following exchange in Malta.  Binance Collaboration  Satang co-founder, Poramin Insom, expressed his opinions regarding the collaboration. He explained his thoughts stating that he was impressed and proud of the introduction of digital currency assets to the citizens of the…

In today's day and age of digital growth and technological advancements, almost everyone has heard of Bitcoin. From being obscure in 2010 to being an asset of great value as of 2023, cryptocurrencies and blockchain technology have come a long way. To put it into perspective, blockchain technology was once thought not to last the trial time presents. Not only has blockchain technology proven its detractors wrong, but it has also found its place in several business sectors, including travel,…

Bitfinex is a top crypto exchange registered on British Virgin Island and has its headquarters in Hong Kong.  This cryptocurrency recently announced its KYC policy update to tighten its security and well compliance with the set crypto regulations. As per a specific Reddit post, verified users of Bitfinex exchange are getting E-mails to give proof of residential address. Additionally, Bitfinex will also inquire about the source and use of funds from their verified clients. Paolo Ardoino, the exchange’s chief technology…

Bithumb, a South Korean crypto exchange, is thinking of undertaking administrative litigation over tax bills. The value of the tax bill is $ 68.9 million. On the 29th of December, the KoreaHerald pointed out about the local tax agency passing along 80 billion won in taxation on Bithumb. The documents published by Vidente, the largest shareholder of the exchange, show that the National Tax Service forced Bithumb to pay withholding taxes on international customers’ trading activities. Reportedly, Vidente only got…

Okex platform recently expanded derivative trading. The announcement made by the exchange maintained that it is launching a test on Bitcoin futures. Okex is a renowned exchange, which currently very active in future trading, and therefore the leading Bitcoin futures operations. Options carry higher risks, but enable bitcoin trading, on the basis of predictions. At the moment, predictive markets are becoming speedy, as anticipations tend to become further crucial even than real activity on the spot market. Additionally, Bakkt exchange…

Bitstamp is one of the world's longest-standing crypto exchanges. This veteran platform provides trading services geared to intermediate and experienced investors. Consequently, the platform has a customer base that includes individuals and institutions. Impressively, the Bitstamp exchange was the first fully regulated EU exchange. Specifically, the platform is regulated by the Luxembourg Financial Industry Supervisory Commission (CSSF). This designation has helped the network to remain a popular choice in the EU market.  Benefits of The Bitstamp Exchange Bitstamp earned a reputation…

Gemini is a popular US-based regulated cryptocurrency exchange. Gemini differs from its competitors in its licensing. The network went to great lengths to secure a status as a New York State limited liability Trust rather than a Bitlicence. This designation provides the exchange with additional custodial capabilities. This way, the exchange operates similarly to popular Wall Street platforms versus a crypto exchange. Features of The Gemini Exchange Gemini provides users with an easy-to-navigate, user-friendly interface that allows users to buy…

The world today, as we know it, is benefiting greatly from harnessing the power of cryptocurrencies. Unlike traditional financial systems, these digital currencies are easily exchanged with the help of cryptocurrency exchanges. Banks and financial institutions also offer exchange services; however, traders cite specific problems such as high trading fees and slow exchange operations. On top of that, banks put users at risk of manipulation despite acting as the primary link between traders. Luckily, some of the most prominent exchanges…