Crypto Exchange

Seychelles-headquartered crypto exchange CoinFLEX is planning to start allowing users to make limited withdrawals after suspending the service last month. The exchange announced this development through a blog post on July 14. To enable limited withdrawals, CoinFlex put together a strategy that involves canceling pending withdrawals and shutting down trading temporarily. The exchange scheduled this plan for 1:00 AM ET on July 15. The exchange added: We expect this to last a few hours and will notify you once we…

The Dubai Virtual Assets Regulators Authority (VARA) has granted crypto exchange OKX, formerly OKEx, a provisional virtual assets license. OKX announced this bullish news through a press release on July 14. The license would allow the Seychelles-based exchange to offer select services to qualified investors in the United Arab Emirates (UAE). According to the press release, the license will also allow OKX to build a regional hub at the Dubai World Trade Center. This hub would go a long way…

Binance – the world’s largest cryptocurrency exchange – recently announced the removal of almost 2 million BNB from circulation. That’s over $470 million worth of tokens that will never return to the market. As explained on Wednesday, exactly 1,959,595.29 BNB were removed in the 20th quarterly BNB token burn. At a current price of $224 each, that’s $478,141,250 in BNB that were burned. Of those tokens, 4,181.77 were burned as part of the Pioneer Burn program. The program decreases the…

Luxembourg-based crypto exchange Bitstamp has modified its operational strategy to boost trading volumes. The company announced plans to introduce an inactivity fee starting August 1. Specifically, the exchange intends to charge select inactive accounts €10 ($10.27) per month. According to the announcement, the inactivity fee will not apply to all accounts. Bitstamp specified that it targets users that have not deposited, withdrawn, or staked assets for more than a year. Moreover, the exchange said this change would only affect inactive…

Through its worldwide DeFi system, blockchain technology provides many people with the possibility to achieve financial freedom. Many assets can have their tokenized versions online, thanks to DeFi protocols. For the 0x protocol, building a tokenized world and unlocking its value are top priorities. Our guide will illustrate how 0x works by looking into its key components. About 0x In order to facilitate decentralized token trading on the Ethereum Blockchain, 0x entered the market as an open-source protocol. Seamlessly and…

With the rise of decentralized finance, the cryptocurrency market has seen an influx of interest from investors. Traders hope to profit from interest on their holdings or long- or short-term asset movements.  Traders only need to connect their wallets to dYdX to start using this platform. This mechanism wishes to reduce the overall complexity of the system.  Do you wish to learn more about dYdX? Our team reviewed this platform to provide you with a guide on this popular crypto…

Gate.io wishes to become a one-stop-shop for all crypto enthusiasts. The system lets you choose among different features and hundreds of different coins in its catalog. The platform allows spot and margin trading with more than 1,000 trading pairs. Today’s guide will provide more information on Gate.io through a complete review of this platform. About Gate.io Inexperienced traders can use Gate.io to acquire less famous cryptocurrencies. Some nations allow margin trading on some of the 1,300 cryptos offered on the…

Leading crypto exchange Huobi has started winding down operations in its Thai branch. The exchange announced today, noting that the Thai Securities and Exchange Commission (SEC) revoked its license. As a result, Huobi Thailand plans to shut down operations on July 1, 2022. According to the announcement, the Huobi Thailand team has been trying to contact customers since September last year. The outreach sought to get customers to withdraw their funds from the platform. Additionally, the exchange has put up…

The US Securities and Exchange Commission (SEC) is investigating possible insider trading on US-based crypto exchanges. Fox Business journalist Eleanor Terrett revealed, citing industry sources conversant with the matter. [embed]https://twitter.com/EleanorTerrett/status/1536558238824644609[/embed] Per Terrett, the securities regulator has sent several crypto exchanges letters asking about their lack of insider trading safeguards. Terrett’s sources did not reveal the names of the exchanges the SEC is investigating. This investigation marks the regulator’s latest move to regulate the crypto space. Previously, the SEC asked crypto…