Market Analysis Report (20 Oct 2022) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Market Analysis Report (20 Oct 2022)

CryptoCompare, the leading institutional digital asset data provider and FCA-authorized benchmark administrator, has launched its updated Exchange Benchmark, which now also assesses the risk associated with decentralized exchanges (DEXs).

Fidelity Digital Assets will start offering institutional clients the ability to trade Ether (ETH) on October 28. The move is Fidelity’s latest step towards making crypto available to institutions, after earlier this month starting a new Ethereum Index Fund for accredited investors.

Brazil’s largest digital bank, Nubank, is set to launch its own cryptocurrency in the country next year as it moves deeper into the cryptocurrency space. The firm said its cryptocurrency would launch in the first half of the year.

Decentralized cryptocurrency exchange Mango Markets, which suffered an exploit earlier this month, is set to start returning the funds stolen when it occurred. The exchange said its decentralized autonomous organization (DAO), run by MNGO token holders, would vote on how to return the funds.

Top stories in the Crypto Roundup today:

  • Bitstamp and Uniswap Receive Highest Score in CryptoCompare’s Exchange Benchmark
  • Fidelity to Launch Ether Trading for Institutions
  • Brazil’s Largest Digital Bank to Launch Own Token in Brazil
  • Mango Markets to Start Returning Funds Stolen in $114 Million Exploit

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