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.
The Bitkub exchange co-founder and chief executive, Jirayut Srupsrisopa, believes that the company will obtain an operating license soon. A blockchain expert has stated that the Finance Ministry would issue digital asset operating licenses to the application later this year or early next year and added that the Thai securities firms would partner with exchanges.
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 cryptocurrency exchange based in Singapore, BiteBTC has finally given a response towards the accusation made by a BitcoinTalk user that the exchange is faking the trading volume. BiteBTC marketing director, Bill Morton explained regarding the accusation, “ Twitter campaign collects at least 1,000 likes.”
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.
A notice has been issued by Laos’s national bank regarding the risk of cryptocurrency trading to the citizens. A senior national bank official commented, “It is not real currency like Lao kip or Thai baht, because it is unable to pay the debt. It is a digital record of a transaction. It is not yet regulated by law.”
According to the Reserve Bank of India (RBI), the cryptocurrencies would affect the current payment and settlement system. The authority also realized the need to observe the crypto sector which is expected to shift to peer-to-peer trading from exchanges. The authority wrote in its report about crypto that the “increasing popularity leading to price bubbles raises serious concerns.”
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.”
A local media has reported that the popularity of the peer-to-peer cryptocurrency loan is increasing in China. The news regarding increasing interest of the cryptocurrency lending platforms has been discussed and a crypto sector expert, Zhang Le commented, “Once they are short of money, the must find such platforms. The demand has formed this market.”