A zero-fee cryptocurrency trading app based in the U.S have reportedly to expand its services in the United Kingdom. Robinhood is well-known to offer trading services “without fee” as its main selling point is currently hiring some U.K based position. Robinhood will be facing some local competence such as Freetrade and Revolut.
Bittrex International has unveiled a new cryptocurrency trading platform with some new features to the public. The CEO of Bittrex, Bill Shihara claimed that the new digital asset trading platform will offer a more simplified process, reliable, secure and fast approval for token listing in compliance with the regulatory standards established by the European Union and the Maltese Government.
Barclays has halted its work in connection with the development of a cryptocurrency trading desk. Reportedly, the rumors that the entity formed a four-member team to explore on cryptocurrencies, “assessing the long-term viability of cryptocurrencies as an asset class.” However, the company did not expose its plan to develop a crypto trading desk.
The Gemini exchange has declared association with Omniex, the institutional investor trading platform, aimed at developing better-investing solution targeting larger investors. The CEO of Gemini, Tyler Winklevoss stated, “Omniex shares our core philosophy that technology must be purpose-built for institutional investors to address the regulatory and market challenges they face in crypto assets.”
The payment service provider, Skrill is to enable crypto trading. The users would be able to trade or purchase Bitcoin, Ether and other coins through the Skrill Wallet. Currently, the wallet supports Bitcoin, Bitcoin Cash, Litecoin, Ether and forty fiat currencies. The service is available in more than 30 countries including the UK, France, South Africa, and others.
Morgan Stanley is to offer Bitcoin swap trading to its customers. Sources claimed that the bank would “deal in contracts that give investors synthetic exposure to the performance of Bitcoin,” and added, “Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread of each transaction.”
A decree legalizing the cryptocurrency exchange operations and trading has been recently signed by the President of Uzbekistan, Shavkat Mirziyoyev. The decree mandates the foreign cryptocurrency trading platform to form a local subsidiary to start their operations which will be fully regulated by the financial authorities. The decree also lists requirements to be met for license matters.
Stockholm IT Ventures AB (SITV) has recently established a partnership with an offshore private bank based in German for cryptocurrency fund trading. The director of Valens Bank, Torben Pedersen explained, “We are confident that this software will offer great value to clients and give pro-traders the market edge all are looking for.”
Huobi has announced its newly-established collaboration with five firms to establish their own trading platforms. The five firms involved are Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings, and Dbank Group which aims to develop the exchanges in the Asia region such as in the Philippines, Taiwan, Indonesia and Canada.
A report made by the Worldcore was recently published by Bitcoin.com. The finding of the report reveals that Malta leads the ranking with the highest cryptocurrency trading volume. Meanwhile, Russia leads the highest cryptocurrency trading based on the peer-to-peer transaction. Between June and July, Malta has recorded $1.2 billion trade.