Crypto Exchange

With multiple cryptocurrencies trading at all-time highs, you're looking for the quickest way to buy some digital assets. But where will you find willing sellers? The answer is on a crypto exchange. There are plenty available to Americans, but they may greatly vary in volume, available cryptos, and regulatory compliance. Today we'll cover three top US cryptocurrency exchanges you should consider for trading. However, first, we'll explain what a crypto exchange is and the main qualities to look for when…

PrimeXBT is a trading platform and cryptocurrency exchange supporting major stock indices, commodities, and foreign currencies. Many of today's crypto traders have entered the industry from traditional trading markets. For example, they come from stock trading, currency exchanges, and commodities trading. However, to maintain their former portfolios and dip their feet into cryptocurrency, they have to register on different platforms. Unfortunately, this practice may come at high costs. PrimeXBT aims to combine trading across different markets on a single platform.…

Online banking giant Revolut is stepping up its involvement in crypto. The UK fintech company has a market cap of $33 billion and plans to build its own crypto exchange. According to a LinkedIn job post, Revolut is hiring a technology lead for a team that will "architect and build Revolut Crypto exchange." The company is looking for an individual with 7+ years in the tech sector. Also, the ideal candidate should boast experience in leading and supervising engineers. Furthermore,…

Cryptocurrency is hot among American consumers right now, and the Google Play Store proves it. As of today, the Crypto.com app is the most popular product in the marketplace. This comes amidst the growing popularity of cryptocurrency, surging prices, and a hot advertising campaign from the exchange. Record Downloads of Crypto Apps As displayed on Google Play’s front page, Crypto.com is currently the most downloaded free app across all categories. It has grown more popular than TikTok, CashApp, and Instagram.…

Today, Robinhood announced that their platform had stopped functioning correctly, but they are working to resolve the issue as early as possible. A commission-free mobile application allows people to invest in publicly listed companies and other listed funds on U.S. exchanges. Users Face a Hard Time Due to Functionality Issues Robinhood announced the feedback and complaints from their customers about poor functionalities in the morning hours. About 61% of their customers complained about lagging and poor user interactions with Robinhood’s official website. Mobile brokerage features reported…

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

On Thursday, Tokyo-based Japanese crypto exchange Liquid revealed hackers had compromised it. Liquid did not exactly put up any figure on the amount stolen from the warm wallets. However, Elliptic estimated the hackers made away with about $97 million in digital coins.  The figure included $31 million in ether, $5 million in bitcoin, $13 million in XRP, and stablecoins. $45 million of the amount was in Ethereum tokens. Liquid said that the conversion of the digital assets to ether is underway. This…

On 9th August, The US Securities and Exchange commissions announced that it's charging the Poloniex crypto exchange for conducting illegal operations. Immediately, the Poloniex network agreed to settle the amount of $10.4 million in fine. Recently, the US has been very focused on the regulatory front, and there is a bill to regulate crypto vastly.  Poloniex Operated Illegally According to a release posted on the SEC page, the watchdog charged Poloniex with illegal exchange activities within the country. The release…

AOFEX is a blockchain-based exchange and ecosystem. The network provides crypto traders with the ability to effortlessly trade, stake, mine, and more. AOFEX entered the market intending to provide a more transparent and regulated option. As such, the platform received its MSB license for digital currency trading from US regulators. Today, it seeks to become a vital bridge for institutional investors seeking to gain exposure to the digital economy.   AOFEX operates as a centralized exchange that offers low fees and…