derivatives trading

CropBytes launches the CBX token on Bybit and MEXC

Source Node: https://ambcrypto.com/cropbytes-launches-the-cbx-token-on-bybit-and-mexc/
Time Stamp: November 17, 2021 4:45 AM - Modified On: November 17, 2021 - Published By:
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Republished By Plato

Metaverses create a virtual world combining elements from digital gaming, augmented reality, and social media. While recent times have seen an influx of crypto gaming platforms that allow users a chance to play games in a tokenized ecosystem. CropBytes has established itself as a metaverse with a growing crypto gaming community ever since its launch in 2018. It has over 250K signups and 100K downloads on PlayStore and AppStore.  IEO and CBX token listing  Bybit and MEXC exchanges jointly listed the CBX token on 5 November 2021. Only a total

China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

Source Node: https://bitcoinist.com/china-calls-all-crypto-transactions-illegal-bitcoin-drops-4k-in-response/?utm_source=rss&utm_medium=rss&utm_campaign=china-calls-all-crypto-transactions-illegal-bitcoin-drops-4k-in-response
Time Stamp: September 24, 2021 8:04 AM - Modified On: September 24, 2021 - Published By:
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Republished By Plato

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital currency transactions are illegal. According to The People’s Bank Of China (PBOC), not only are Bitcoin, Ethereum, and others unrecognized as legal tender, any services related to them are also illegal. These crypto services include

Coinbase won’t pursue its planned lending service, fears SEC scrutiny 

Source Node: https://bitcoinerx.com/blockchain/coinbase-wont-pursue-its-planned-lending-service-fears-sec-scrutiny/
Time Stamp: September 23, 2021 7:31 AM - Modified On: September 23, 2021 - Published By:
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Republished By Plato

It appears that Coinbase would prefer to be on the safe side rather than dealing with U.S. Securities and Exchange Commission’s scrutiny and pressure.  In a blog that the crypto exchange has posted, it announced that it would no longer pursue its plans to roll out its “Lend” service, which is supposed to be a crypto-based lending service.  Lend was supposed to be a service that would pay users if they lend out their tokens, but the SEC has warned the company about the legal consequences of such service.  Showing

Coinbase Files For Futures and Derivatives Trading

Source Node: https://beincrypto.com/coinbase-files-futures-derivatives-trading/
Time Stamp: September 16, 2021 2:44 AM - Modified On: September 16, 2021 - Published By:
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Republished By Plato

North America’s largest crypto exchange Coinbase has taken the first steps in making an application to allow futures and derivatives products on the platform.Sponsored Sponsored On Sept 16, Coinbase stated that it had filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange added that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms,” in order to further expand the crypto economy.Sponsored Sponsored The NFA’s official website now lists Coinbase Global Inc.

Crypto Derivatives ‘Somewhat Misunderstood,’ Says FTX CEO

Source Node: https://beincrypto.com/crypto-derivatives-somewhat-misunderstood-says-ftx-ceo/
Time Stamp: August 31, 2021 9:45 AM - Modified On: August 31, 2021 - Published By:
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Republished By Plato

Crypto exchange FTX CEO Sam Bankman-Fried believes that crypto derivatives are a “somewhat misunderstood area.”Sponsored Sponsored “People will note that derivatives trade more volume in crypto than spot, which is true,” the 20-year-old crypto billionaire said. “But that is true of every asset class in the world.” Bankman-Fried explained that derivatives make markets more efficient. This is because they provide further liquidity, while providing exposure to investors who don’t necessarily want to own the assets. He admitted that derivatives like crypto futures can sometimes facilitate leveraged positions that lead to

DeFi Token Serum Surges 1500% in 12 Hours After Listing

Source Node: https://cointelegraph.com/news/defi-token-serum-surges-1500-in-12-hours-after-listing
Time Stamp: August 11, 2020 9:42 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings.The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain. Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80

What is Serum? A DeFi Derivatives DEX Guide

Source Node: https://www.asiacryptotoday.com/serum-srm-guide/
Time Stamp: August 3, 2020 5:54 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

DeFi-based exchanges have seen wild success in 2020 thanks to yield farming, which has incentivized hundreds of thousands of users to provide liquidity to these platforms. With that being said, DEXs are still a far-cry from centralized exchanges in both UI and UX. Serum is here to change all that. Serum is a protocol that claims to be “pure DeFi” as they have managed to address a lot of issues the space is facing. Most of the users in DeFi today are not traders but yield farmers. Yield farmers are