Much of the AUM is currently captured by asset managers based in the US and the Europe, Middle East, and Africa (EMEA) region. However, Asia is well-positioned to raise its share of this global AUM. The Asian fiat-crypto trading pairs now account for 43% of total global spot volumes. In the past four years GX…
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DeFi As 2017 came to a close and the crypto bubble approached breaking point, an Ethereum-based project called MakerDAO (MKR) launched DAI, a stablecoin token that was backed by collateralised ether and pegged to the value of the US dollar. For the first time, a synthetic, decentralised asset had been created that could algorithmically track…
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Large-scale listings of tokens like this are rare for big crypto exchanges like OKEx. It shows its ability to move quickly and strengthens the exchange’s commitment in the potential of the decentralized finance economy. OKEx has also enabled a new "DeFi category" on its website which allows traders to find quickly information about DeFi coins,…
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Li explained that in this background Huobi was launched in September 2013. He commented: The most powerful push of the industry is that people realize how profitable it is to invest in Bitcoin. It was on November 19, 2013, I could never forget, I was sitting in front of my laptop and realized that Bitcoin…
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Dr Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH, commented: The project shows what novel investments are possible with blockchain-based tokens for investors in the industrial sector. At the same time, companies gain greater flexibility for the financing of capital goods. With a view to this and further new markets we are creating an end-to-end ecosystem for…
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BC Group CEO Hugh Madden commented about the benefits of being licenced and that regulated institutions could reduce their risk by being able to engage with other regulated entities. Final approval is subject to certain conditions, however no other details have yet been shared. Madden said that these were: as you’d expect from a conservative…
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The company is the first in Thailand to be approved for licenses in all four digital asset business categories. Upbit Thailand plans to offer new digital asset-related services once the final audit process by the Thai SEC is complete. With the new licenses for cryptocurrency and digital token subcategories, Upbit Thailand expands its offer with…
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Dionko stated: Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it. Bank of Japan, Bank of England and European Central Bank have collaborated on the assessment of a potential digital currency already while China has gone further in testing of its own digital currency. Banque…
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Alexandre Carteau, Head of MARKTS, commented: In a market where liquidity is fractionated and reliable connectivity is essential, accessing multi-venues is paramount. Alongside our current set of TS connections, XTRD services will provide our clients with choice and key alternative routes to access liquidity. Carteau continued: We are excited to partner with XTRD which complements…
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Earlier in July, Revolut made an announcement that all its US customers with the exception of Tennessee-based ones, could buy, sell or hold bitcoin and ether. Revolut expanded its operation to the US in March. The digital bank changed its terms so that as of 27 July the customers have legal control over the crypto…
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