Crypto Exchanges

The revised Act on Reporting and Use of Certain Financial Transaction Information could cause a shutdown of multiple cryptocurrency exchanges. The exchanges could sue the South Korean government under these circumstances. Each exchange must submit a document by Sep. 24 showing that a bank has given a real-name bank account according to the act. Cryptocurrency exchanges in South Korea, considered to have many coins on their trading platforms, are at risk of being denied access to personal bank accounts, a…

One of the commissioners at the United States Securities and Exchanges Commission has warned against too strict rules on cryptocurrencies. She says that her colleague’s efforts to impose such regulations will give investors a tough time doing business in the US. Instead, Hester Pierce wants financial regulators to adapt accordingly to the growing cryptocurrency market cap. Mrs. Pierce said the idea that regulators have to grasp every tiny detail of financial aspects vastly discourages innovation. She continued to say,  “I…

To trade crypto, you must find a reliable and secure fiat-to-crypto trading platform. These exchanges differ from crypto-only platforms in their offerings, requirements, and, most importantly, their ability to convert fiat currency to crypto. In addition, fiat-to-crypto exchanges must adhere to strict regulatory requirements in most regions to accomplish this task. These requirements can make the signup process a bit more tedious and increase consumer protections. Today, fiat-to-crypto trading platforms are very popular. With so many options to choose between,…

Trading cryptocurrencies isn't easy. It takes research, skill, and determination to turn a profit. Additionally, it helps to use an exchange that offers features and services geared toward your trading class. Experienced traders seek features that allow them to leverage their positions and increase their ROIs. Also, security is paramount when trading large amounts of crypto globally. It's no secret that major investment firms and corporations such as MycroStragety or Tesla have invested billions into Bitcoin. Now, more than ever,…

A few months after news of an upcoming regulatory framework for cryptocurrencies in Nigeria, crypto traders in the country have been faced with shocking news from the Central Bank of Nigeria (CBN). The apex bank has ordered financial institutions in Nigeria to stop offering banking services to crypto exchanges and other related businesses.  In a circular issued by the CBN on Friday, February 5th, 2021, the regulator demanded that all Deposit Money Banks(DMBs), Non-Financial Institutions (NBFIs), and Other Financial Institutions…

Crypto-to-crypto exchanges remain a critical part of the blockchain sector. These platforms help regular users exchange one kind of digital asset for another based on the given assets' market value. Since the earliest days of the crypto market, there has been a demand for these services. Nowadays, there are various crypto-to-crypto exchange protocols in the market.  Centralized Exchanges (CEXx) Centralized exchanges (CEXs) are the most popular type of crypto-to-crypto exchange. These platforms allow users to load their funds onto network…

Finding the best cryptocurrency exchanges for newbie traders can seem daunting. For a new user, it's hard to know where to begin. There are dozens of popular crypto exchanges at this time. Each exchange has its features, and many serve niche markets. Rather than wade through the masses until you find an exchange you like, some top platforms have earned a reputation as a wise starting point for newbie traders.  KuCoin KuCoin is a popular exchange that has been described…

Diginex (EQOS), the Hong Kong-based digital assets group, has entered into definitive agreements with particular institutional investors to scale up aggregate gross proceeds of about $38.6 million via the private placement of its equity securities. Diginex will trade an aggregate of 2,571,669 of its ordinary shares together with warrants to acquire up to a total of 2,571,669 ordinary shares at $15.00 per share and accompanying warrant. The contracts should take effect straight away with a term of three years and…

Bitcoin continues to capture headlines globally as a superior store of value. Ten years ago, major financial institutions wouldn't have dreamed of converting their currency reserves over to Bitcoin. Nowadays, this decision is more common than ever. The rapid growth of Bitcoin can be attributed to various factors, including increased public awareness, improved technology, and easier access. On the last note, there are hundreds of cryptocurrency exchanges to buy Bitcoin from today. However, these exchanges are all individually owned and…