It’s hard to know which cryptocurrency exchange is ‘the biggest in the world’ but in reality, it doesn’t really matter does it? What matters, is how these exchanges plan on bringing cryptocurrency to the masses. We are still in the investment phase, people buy and sell crypto to make a profit and for the love of the industry. Once exchanges start to open up to institutional and mainstream use, cryptocurrency adoption will become a more realistic prospect, therefore we need to know now how cryptocurrency exchanges plan on bringing adoption to the fore.
The global investment bank based in the United States, Morgan Stanley is looking to offer Bitcoin swap trading for its clients according to sources.
According to Alistair Marsh, a reporter from Bloomberg, people who are familiar to the matter have said that the giant company “plans to offer trading in complex derivatives” linked to Bitcoin.
According Alistair’s sources, the global investment bank “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin,” and essentially copying plans from Wall Street’s Goldman Sachs and Intercontinental Exchange with others.
US multinational investment bank Morgan Stanley is preparing to offer Bitcoin swap trading for its clients, unconfirmed sources report on September 13.
Sources Say Morgan Stanley Preparing Swap Trades
Citing “people familiar with the matter” in an article from Bloomberg reporter Alistair Marsh, Business Insider’s Frank Chaparro revealed the giant “plans to offer trading in complex derivatives” linked to Bitcoin 00.
According to Marsh’s sources, Morgan Stanley “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin,” thus copying extant plans from Wall Street’s Goldman Sachs and Intercontinental Exchange among others.
Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions.
Trading volumes in both the Indian rupee (INR) and BTC increased on Localbitcoins between the week of April 7, when the RBI issued its circular, and the week of August 18. The INR trading volume increased 25 percent, from 68 million rupees (~US$ 974,561) to 85 million rupees (~$ 1,218,201). The number of BTC traded increased about 23 percent from 150 BTC to 184 BTC.
American troops serving overseas will be able to cast their votes in West Virginia through a mobile voting platform based on blockchain technology in the federal elections in November 2018.
The mobile voting platform, Voatz, will use facial recognition software to match each user’s “selfie-style video of their face” to their government-issued ID, according to a CNN report. Once approved, voters will be allowed to cast their ballot on the app. Ballots will then be anonymized and recorded on the blockchain.
Voatz is a Boston-based startup that combines internet-based voting with blockchain technology. The platform was created to encourage citizen engagement and tackle low participation in local elections.
Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.
Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable.
Uphold, a cloud-based digital money platform enabling users to buy, hold, convert and transact various currencies, commodities, and cryptocurrencies, has now launched the trading of Ripple’s XRP.
Uphold users are now able to purchase XRP directly from the website with no transaction fees for the first 5 million XRP purchased, and they may convert the cryptocurrency into seven other cryptocurrencies, 23 fiat currencies, and four precious metals.
In a press release published earlier today, Uphold CEO Adrian Steckel explained:
There has been huge demand for XRP, and Uphold is one of the first platforms to make XRP easily accessible.
The global unbanked have been frozen out of most economic ecosystems, but Paxful is changing this through the selling of gift cards on their cryptocurrency exchange.
The rich and elite have a lot of options when it comes to economic decisions. They can invest in gold, stocks, bonds, precious gems, artwork, real estate, automobiles, and cryptocurrency. The only snag they face is the wait to convert the value of one asset into another, but such a problem is a minor one indeed. By contrast, the unbanked are essentially locked out of most economic ecosystems due to having to physically hand over fiat for goods and services. Even getting involved in cryptocurrency is an issue for the unbanked, but Paxful is offering an unexpected gateway: gift cards.
This guide will show you where to go about buying Bitcoin in Canada. It’ll also explore the legality and popularity of this cryptocurrency in the country. Is Bitcoin legal in Canada? While digital currencies aren’t considered legal tender, Bitcoin is legal in Canada. According to the Government of Canada website, tax rules do apply to […]
A major Israeli broker has defied central bank Bitcoin warnings to advocate Bitcoin trading options on the country’s largest stock exchange.
What’s Good For CBOE Is Good For Us
In comments to local media outlet Globes, Julien Assous said there is “definitely room” for listing Bitcoin futures on the Tel Aviv Stock Exchange (TASE).
Assous is CEO of IBI Brokerage, as well as chairman of an association made up of non-banking TASE members.
In stark contrast to Israel Securities Authority chairman Shmuel Hauser, who this week said he would “not allow” cryptocurrency companies to list on TASE, Assous sees a major advantage for Israel in doing so.
Everyone I know is making a fortune either holding or trading Bitcoin. In all reality, buying Bitcoin and holding it for the long term offers the potential for huge profits without having to stare at order books all day long. However, the potential to double or triple one’s holdings is often just a mere trade […]
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