A research conducted by CrystalBlockchain has revealed that the UK is the world’s leader for registered crypto exchanges, with 43 market operators. It was followed by world oldest democracy USA which houses 27 exchanges, despite restrictions for some states, the offshore destination from Asia, Hong Kong with 22 exchanges secures the third position, even though small Island nation Singapore has 19 and gets the fourth rank. Australia has one of the most crypto-friendly countries, hosting nine exchanges.
The CoinGecko has introduced its new iteration of named, Trust Score 2.0 which will provide better transparency on cryptocurrency exchanges. From its blog post: “We have upgraded Trust Score to version 2.0 to incorporate all the above categories as there is no way to easily synthesize all the above into something that can be easily understood at one glance. Exchanges are now graded on a scale of 1 to 10, with 10 being the best exchange and 1 being the worst exchange.”
The Bitfineon GmbH (a crypto-financial services company based in Germany) has raised €1 million via a private equity sale with the US-based fund B.I.G. Fintech, to bring out its next-generation crypto and fiat exchange, Bitfineon. The exchange’s CEO Jared Grey explained, “…by launching Bitfineon as a regulated and licensed entity, our goal is to provide the crypto-space with a secure and transparent exchange that focuses on user-experience while helping to increase adoption for crypto through our intuitive and easy-to-use interface.”
The COSS (a crypto exchange headquartered in Singapore) has announced that it has integrated a fiat gateway, with multiple fiat currencies support (like US dollar, Euro, Pound Sterling, Yen, etc.,). Its CEO Sankalp Shangari said, “…improving the current infrastructure and delivering product update at a pace the community has never seen before. we continue to maintain a strong and active presence among our users and incorporate the best feedback we receive.”
eToroX (a digital asset trading platform) has launched its institutional-grade application program interface (API) trading program to help institutional traders with eToro’s liquidity pool and tight spreads. Its MD Doron Rosenblum explained, “AlgoX Prime, our new API trading program, offers sophisticated trading capabilities to institutional and corporate traders.”
Luno, a cryptocurrency exchange headquartered in South Africa has made public that it has processed more than $5 million a day in August 2019. Its GM for Africa, Marius Reitz claimed that the exchange had done about $5.4 million worth of transaction on South African platform alone. It also boasts that it has touched three million wallets indicates increasing global adoption.
The charity wing of Binance cryptocurrency exchange, Binance charity has begun its campaign to raise funds for the victims of the Dorian hurricane. It has announced that donations can be made in Bitcoin (BTC), Binance Coin (BNB) and XRP. The Bahamas is the worst affected by the hurricane, its Health Minister Duane Sands said, “I believe the number will be staggering. I have never lived through anything like this and I don’t want to live through anything like this again.”
One of the popular messaging apps in Japan, LINE has secured the license from Japan’s Financial Services Agency (FSA) to begin its crypto exchange services in the country. It’s revealed that it has registered under the name of LVC Corp., to offer crypto & blockchain services. The LINE then commented, “It aims to flatten the relationship structure between users and service providers to promote co-creation and mutual growth.”
Fireblocks (a cybersecurity firm focusing on crypto) has made public that it now supports five more cryptocurrency exchanges, which inflates it total to 20 platforms. Fireblocks has stated, “…five new exchange integrations, adding support for OKCoin, OKEx, Korbit, Bithub, and HitBTC. This release also expands current integrations with Huobi Global’s API and Deribit, extending its umbrella of protection to a total of 20 exchanges.”
Poloniex, a crypto exchange which operates from the USA has announced that upgrade of its XRP wallets, also cautioned that this may well result in the suspension of the transactions for several hours. A Reddit user responded, “If Poloniex were operating in any regulated financial space, they would not be allowed to get away with this. They are simply taking advantage of the fact that there are no regulations or standards for them to abide by set by the industry.”