Cryptocurrency Exchange

Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase. The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator …

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Binance-Backed Crypto Travel Firms Travala.com and TravelByBit Merge

Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced a merger of their platforms. According to an announcement on May 20, Travala.com and TravelByBit will merge to become a platform allowing users to book from over 2 million hotels and 600 airlines. An initiative backed …

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External Custody for Crypto Derivatives Aims to Make Collateral Transfers Faster

Crypto derivatives platform Deribit is launching a new external custody solution designed to help with faster collateral transfers and reduce auto-deleveraging risks in tumultuous markets.  On May 14, the Panama-based exchange announced its full integration of the new solution, which was developed by London-based digital asset infrastructure provider Clearloop. Deribit is catering the new solution …

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17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed monitor, the bulk of the claims submitted stem from bitcoin (BTC) deposits that …

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$200M Worth of BTC Removed From Exchanges Post-Halving

Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, …

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If Blockchain Is the Door to the Future of Finance, Liquidity Is the Key

In the cryptocurrency industry, liquidity is king. But how we measure and perceive liquidity varies greatly. Amid uncertain times and volatile market conditions, many traders are revising their trading strategies to consider every facet of their portfolio. This includes how they evaluate the liquidity of an asset or an exchange altogether. While it is evident …

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Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs

A crypto data firm representative explained how Tether’s on chain data can potentially forecast Bitcoin’s (BTC) bull runs. Marketing and social media director at Santiment, Brian Quinlivan, told Cointelegraph on May 7 that the percentage of USDT held on exchanges often anticipates Bitcoin’s bull runs. He explained the principles behind the analysis: “Most USDT isn’t …

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Latest Fiat-Crypto Exchange Launches In India as Local Trade Volumes Soar

A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses. The Bangalore-headquartered exchange, dubbed BitPolo, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium on crypto-related banking support. …

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Anycoin Direct Launches Innovative New Platform

Cryptocurrency exchange service Anycoin Direct rolls out a new website for the European market. With their newly designed website, Anycoin Direct aims to make the buying and selling process of cryptocurrencies more accessible for everyone. The personalized design is unique within the cryptocurrency industry and was chosen to create a more reliable and trustworthy appearance. …

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Exchange Aggregator CoinSwitch Launches App in India

Cryptocurrency exchange aggregator CoinSwitch will launch its CoinSwitch Kuber app on June 1 — exclusive to users in India. The mobile app will support over 100 coins, while also adding liquidity across all Indian exchanges to allow users to buy and sell using the Indian rupee. Users need to be verified with Know Your Customers …

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