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.
The recent huge spike of trading volumes in cryptocurrency exchange BitForex seems to indicate a suspicious activity. It has been suggested that they are fake volumes as the cryptocurrency exchange was recently launched in June. BitForex has made it clear regarding its platform ownership, “In the future, BF holders will have the right to participate in platform building major decisions and community management.”
UAE-headquartered cryptocurrency exchange, BitOasis declared that the users could trade with 0% transaction fee for 7 days on the completion of their account verification process before September 1, 2018. The users who successfully verify their account before the given date would receive a confirmation email emphasizing that the validity of the discount for seven days.
Coinbase has announced that its cryptocurrency exchange platform accepts British Pound for digital currency purchase purposes. Until now, the UK customers maintained fiat funds in euros. CEO of Coinbase UK, Zeeshan Feroz explained, “UK banks have been conservative in terms of working with crypto businesses and we’re proud to be one of the first companies to get access to domestic banking.”
Bittrex crypto exchange platform has enabled USD trading on its platform. The exchange offers the user to choose between ‘USD trading only’ of ‘USD trading, deposits and withdrawals.’ The user’s account would be enabled for trading on the approval of fiat trading request. The users would have to provide bank details and the exchange supports multiple accounts.
The Coinbase crypto trading platform has announced that Jeff Horowitz would serve as its first chief compliance officer. Horowitz headed the compliance and anti-money laundering programs of Citigroup, Goldman Sachs, and Salomon Brothers and was also a regulator at the Federal Deposit Insurance Corporation. The COO of Coinbase mentioned the recruitment is an important step.
OpenBazaar has launched the latest version of its decentralized marketplace, Version 2.2.2 that will offer some new features and bug fixes. As an effort in enhancing the user’s experience with OpenBazaar, two main features were offered in the latest version making seamless transactions among the users become possible with the addition of 1,500 coins in the new system.
TransferGo has become the world first remittance operator to offer the service of cryptocurrency trading. The UK-headquartered company now offers its customers to purchase and sell five major cryptocurrencies such as BTC, ETH, XRP, BCH, and LTC. The CEO of TransferGO, Daumantas Dvilinskas explained that the decision was made due to the high demand in the market.