The new CoinShares physical bitcoin ETP is available in four trading currencies. With it investors on the Swiss Stock Exchange now have a selection of 22 Bitcoin ETPs and structured products, while the number of ETP issuers rises to seven, following the recent arrival of ETC Group on 13 January 2021. Trading turnover in crypto…
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CEO and Co-Founder of ThinkMarkets, Nauman Anees commented: The cryptocurrency market is revolutionary and is naturally growing to become an established asset class. This is the best time to bring our offering in-line with the 24/7 nature of the market and empower our clients to trade cryptocurrencies on our innovative mobile app, ThinkTrader. Bitcoin’s recent…
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The crypto market cap has reached $ 1 Trillion, with the leading digital currencies, BTC and ETH, accomplishing all-time-highs. The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at 67.3% CAGR. Marie Tatibouet, CMO at Gate.io, commented: Understandably, there are a multitude of…
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The new amendments also allow MAS to impose measures on DPT service providers to ensure better consumer protection and to maintain financial stability and safeguard the efficacy of monetary policy. MAS stated: We have seen recent development of new forms of DPTs which values are pegged to stable assets to gain users’ confidence. It is…
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Lennix Lai, the head of financial markets at OKEx commented: This is hugely beneficial to traders carrying out cross-exchange arbitrage, as they need to settle their profit in real-time across exchanges. It will also enhance capital management across the OKEx platform. We will start with the ADAUSD market as a trial and gradually launch other…
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Since July 2020, Qin and Virgil Capital have told investors who requested redemptions from the Sigma Fund, that their interests would be transferred to VQR Multistrategy Fund LP, another fund under the control of Qin but with separate management and operations. The regulator’s complaint alleges that no funds were transferred and the redemption requests remain…
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Richard Byworth, CEO of Diginex commented: Borrowing and Lending provides yield to this asset class and a necessary hedge for derivative and volatility traders as we continue to expedite the growth of crypto derivatives. We look forward to completing the integration of this institutional grade technology. Thе announcement for new borrowing and lending capabilities follows…
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Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said: Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency. Ethereum is the second-largest…
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Other popular cryptocurrencies, including ethereum (ETH, +6.02%), litecoin (LTC, +7.3%) and XRP (+7.04%) are still down 58% to 88% from their respective lifetime highs reached three years ago. Bitcoin has double its price in the past three months. Unlike its previous rally in 2017, when the demand came from the retail market, this time it’s…
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The Temporary Registration Regime is intended for existing cryptoasset businesses which have applied for registration before 16 December 2020, and whose applications are still being assessed. The regime is meant to enable those existing businesses to continue to trade after 9 January 2021 until 9 July 2021, pending the FCA’s determination of their application. The…
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