Monex Group, the owner of Coincheck exchange, has planned to open crypto trading platform in the United States. It is reported that the company plans to open TradeStation Crypto Inc as a subsidiary to the TradeStation. It was acquired by Monex during 2011. The CEO of Monex also expressed that the Coincheck exchange would begin operations in the next month.
The Asian market plays a crucial in the recent Bitcoin price surge, say a couple of experts. Mati Greenspan of eToro explained in his Twitter account, “The surge above $8,000 was definitely led by East Asia. Take a look at bitcoin volumes in Japanese Yen and Korean Won at the time of the surge (13:30 – 15:00 on the chart).”
The Malta Stock Exchange (MSE) would be developing a new institutional grade security token trading platform in collaboration with the OKEx exchange, an exchange which migrated to Malta. The Memorandum of Understanding has been signed between the MSE and OKEx for the project called OKMSX. The platform is to bring security expertise and client due diligence.
The OKCoin crypto exchange has unveiled a branch in the U.S. market extending trade services between USD and cryptocurrencies. The exchange would enable the users to trade Bitcoin, Bitcoin cash, Litecoin, Ethereum, and Ethereum classic against the U.S. dollars deposits and withdrawals. The fiat-to-crypto trading is currently accessible in California, as mentioned in the money service business (MSB) registration.
The BlockFills is live adapting to the TradAir’s trading platform. The companies collaborated to have an automated Straight Through Processing (STP) solution for cryptocurrencies. The CEO of TradAir, Viral Tolat stated, “Supported by a highly experienced team, and using TradAir technology as a foundation, Blockfills can now provide unparalleled end to end crypto service for its clients.”
A job advertisement posted by Robinhood has sparked the rumors regarding the cryptocurrency trading app’s plan to launch its very own cryptocurrency wallet. It posted the requirement of multiskilled cryptocurrency engineers with the description “The cryptocurrency team is responsible for pioneering how Robinhood integrates with the various blockchain and networks as we expand our features.”
Unknown sources reported that the commission-free cryptocurrency trading app, Robinhood is currently dealing with US regulators to open a traditional banking service, such as savings accounts. However, Bloomberg reported that the discussion and negotiations are happening and emphasized that the US Banking law won’t be allowing Robinhood to proceed without proper procedure.
Business Insider revealed eToro’s is launching a cryptocurrency trading desk in London. The news has been confirmed by the CEO of eToro, Yoni Assia that, “We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”
A report titled ‘Green Book: Cryptocurrency Market Regulation’ came into lights. It is revealed that the companies based in Ukraine have risen beyond $132 million through the ICOs during the previous year and a half. Nearly 25 digital coins were created in 2017 and 2018. The crypto trading volume on a daily basis is recorded at $1.9 million.
The Indian government would be imposing eighteen percent Goods and Services Tax (GST) on crypto trading. They might be classified as intangible goods. The sources who did not want to be identified stated that the proposal for levying GST is being considered by the Central Board of Indirect Taxes and Customers which when passed would be before the GST Council.