Boerse Stuttgart, a stock exchange operator launched a new cryptocurrency trading application called Bison, the app was developed Sowa Labs (a subsidiary of the exchange). Users do not have to set up a wallet in order to trade. Because Blocknox, another subsidiary of Boerse Stuttgart, acts as custodian for users of the application by using an escrow system.
A well-known zero-fee cryptocurrency trading app, Robinhood has been granted a license and a money transmitter license to sell cryptocurrencies in New York by the State Department of Financial Services (DFS). DFS continues to lead the way in responsibly supervising and advancing innovation in New York’s flourishing financial technology sector through a strong state-based regulatory regime.
An unauthorized cryptocurrency trading centre located in Michigan was raided by the U.S federal authorities. In a video posted regarding the raid have shown the properties such as computers and other equipment in the office has been confiscated by the authorities. The Geek Group founder, described that he was “commercially trading in crypto-currency without the proper authorization.”
A local press has reported that the local banks will be limiting the activities of the unverified cryptocurrency traders in South Korea as ordered by the financial watchdog directing them to withdraw funds and not to make deposits. This indicates that the financial regulators of South Korea have stepped up its security strategy in protecting the investors.
A warning has been issued by Malta’s Financial Services Authority (MFSA) over the “dubious” only cryptocurrency trading platform named Primetradingbot. MFSA has made it clear in the warning notice that no license has been granted and no authorization has been given to Primetradingbot under the law allowing the investment or financial services in the country.
Fidelity Investment has officially become the first Wall Street firm to launch a cryptocurrency branching trading desk named Fidelity Digital Asset Services. It has revealed that the new trading arm will assist cryptocurrency custody services and trading. The head of Fidelity Digital Assets, Tom Jessop commented, “We are certainly only going to connect to those counterparties that we feel good about.”
A cryptocurrency trading platform, Bit-Z has recently published an announcement regarding the delisting of less popular tokens and claimed the company would carefully study tokens and assess it before listing. As an effort to protect the existing customers in Bit-Z platform, the low demand tokens that are hidden will only appear in search results.
Robinhood has recently expanded their cryptocurrency trading app to four more US states in Oklahoma, Tennesse, Rhode Island, and Arkansas. The cryptocurrency trading app is available in 24 different states including the newly added states. The 24 different states are experiencing the zero-commission trading fee app to trade Bitcoin, Ethereum and many more.
The Fibo Group is to unveil a new service with the inclusion of PAMM (Percent Allocation Management Module) accounts to its offering for cryptocurrencies. The offerings made by the company help the users to trade cryptocurrencies such as the Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Ethereum Classic (ETC), Zcash (ZEC), Dash, and Monero (XMR).
Extauri is to unveil a token trading platform that would support crypto tokens, fiat currencies and other banking products such as stocks, and ETFs. The platform that would bridge the gap between traditional banking products and the crypto world using the blockchain technology is expected to be released in the first quarter of 2019.
