News on Exchanges in Crypto Industry
A Chinese cryptocurrency exchange Huobi has recently unveiled a premium coin offering service which will enable the regular traders to invest in promising coins just before they’re listed on the main exchange. Huobi then commented in the announcement, “Listing through Huobi Prime will involve three rounds of coin offerings, each lasting an hour.”
A cryptoexchange based in the US, Coinbase have revealed that they have begun supporting the Stellar cryptocurrency (XLM) for its desktop and mobile application. The announcement was made in the exchange’s blog and was made available in most jurisdictions since March 18, however, traders from the UK and the state of New York will initially will not available to access the asset.
A partnership was made between OAX cryptocurrency exchange ecosystem and KYC-Chain to encourage the strong governance standard in digital asset trading. The founder of KYC-Chain, Edmund Lowell said, “We are very proud to be partnering with OAX Foundation. KYC and AML have become essential parts of running a business. From our experience by adopting the necessary compliance tools.”
A cryptocurrency exchange headquartered in New Zealand, Cryptopia has recently resumed its trading on 40 trade pairs. They also planned to increase the list of coins in the future following the announcement of their plan to reopen its trading platform. Previously, Cryptopia has suspended its service due to the major hacking incident which has resulted in significant losses.
A cryptocurrency exchange based in Austria, BitPanda have opened savings account in its exchange which allows the users to create their own personal savings plan for the supported cryptocurrencies. It also allows the users to create their own cryptocurrency portfolio and will be rewarding the verified users who created a crypto saving plan with prizes worth up to 200 EUR.
One of the largest cryptocurrency exchange in the world based in South Korea has announced its plan to layoff approximately 50% of its staff. Bithumb in its announcement, “Apart from that, we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.”
A company based in the USA, Riot Blockchain have revealed its plan in launching a new cryptocurrency exchange called RiotX. The Riot Blockchain have explained in the filing sent to the Securities and Exchanges Commission that RiotX will be enabling the exchange of Bitcoin, Bitcoin Cash, Litecoin and Etherum as well three other core services.
Cryptocurrency exchange Bitrexx has shared that they’re now supporting the Aergo (AERGO), a Samsung-backed enterprise blockchain solution provider. AERGO has surged by over 30% following the listing in Bittrex and currently trading on over 6 cryptocurrency exchange such as in Kucoin and many more since its debut back in December 2018.
The Stock Exchange of Thailand (SET) will be launching a digital asset platform in 2020 . The president of SET has also mentioned that their three-year strategic plan for 2019-2021 will be focusing on the development of digital infrastructure platform parallel with the country’s vision in establishing a new ecosystem which will support digital assets.
The head of operations at OKEx cryptocurrency platform, Andy Cheung have revealed that they’re going to launch a new token platform soon. Cheung has expressed his optimism that the project will invite more benefits to both exchanges and start-up developers. The leverage of the cryptocurrency platform has increased during margin trading from 3x to 5x times.
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