Huobi exchange tops in USDT transactions for March 2020

Huobi exchange tops in USDT transactions for March 2020

Huobi exchange in a new report put together by Jin Guo Zi APP and the website JGZ.com is seen to have taken a commanding position in March 2020 over rival exchanges […] Today, the largest cryptocurrency exchange Binance, announced that it will be offering trading in options exclusively on its mobile app. This data released by cybersecurity firm Qrator Labs, it revealed that crypto exchange service engagement in Russia has increased by around 5.56% Press release content. The AP news staff was not involved in its creation. Top companies for white label crypto exchange software in the digital assets industry.

Huobi exchange in a new report put together by Jin Guo Zi APP and the website JGZ.com is seen to have taken a commanding position in March 2020 over rival exchanges on the Tether network responsible for USDT transactions. Such rivals like Binance, OKEx and Bitfinex are among cryptocurrency exchanges that have felt the impact of Huobi’s rising influence.

Cryptocurrency exchange Huobi took up a prominent place as the world-leading exchange compared to March 2020 figures coming out from USDT transactions against closest competitors. Information made available shows that Huobi exchange had 20,000 working users on its platform daily which gave it a healthy 61% of total USDT deals. Huobi Exchange was able to carry out 630,000 transactions against Binance’s 181,335, OkEx’s 78,504 and Bitfinex’s 34,558 in March 2020 making it the exchange of choice among traders.

Huobi did not just perform well with the highest volume in USDT transactions alone, Huobi Wallet its cryptocurrency wallet also put up an impressive figure by posting a huge amount of USDT Net Deposits when compared to 14 other cryptocurrency exchanges. Competing exchanges like Binance, OKEx, Bitfinex and HitBTC were completely dwarfed by the $323 million net deposit reported by Huobi Exchange 

which is more than $151 million of its closest rival, the $172 million reported by OKEx.

Amid the near-global lockdown which has slowed down most industries across the world, the cryptocurrency and blockchain have continued to innovate with Huobi the leading platform for USDT transactions through its wallet Huobi Wallet is setting up a system in partnership with Cred to enable users easily access from their digital wallets crypto lending and borrowing services.

Featured Image by Pixabay

Ifeanyi Egede is an experienced and versatile freelance writer and researcher on the blockchain space and related matters with published works online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.

Source: www.cryptopolitan.com

Author: Ifeanyi Egede


Crypto Exchange Binance Rolls Out Bitcoin Options Trading On Mobile App ⋆ ZyCrypto

Crypto Exchange Binance Rolls Out Bitcoin Options Trading On Mobile App ⋆ ZyCrypto

Crypto Exchange Binance Rolls Out Bitcoin Options Trading On Mobile App

Today, the largest cryptocurrency exchange Binance, announced that it will be offering trading in options exclusively on its mobile app. This news comes after the exchange hinted about testing options trading earlier this month.

Binance has officially launched options trading on the exchange’s latest version of its mobile crypto trading app, according to the official announcement. 

Options are trading tools that give users an efficient way to hedge their bets by allowing them to buy or sell the underlying asset at a predetermined price at a specified date.

With Binance options, traders will be able to exercise their rights any time before and including the expiry date as they will be American style options. The underlying asset with these options will be the BTCUSDT Binance Futures contract.

To begin trading in Binance’s options, users will be required to login to the mobile app on either Android or iOS from where they will be able to transfer their preferred amount of USDT from the spot wallet to the futures wallet. 

They will then choose the expiry date ranging from 10 minutes to 1 day. This is notably a short-dated expiry period compared to traditional options.

Binance noted that traders will have to pay a premium fee before they can own an options contract. This fee will be deducted from the futures wallet balance after the profits have been calculated. This means that the net profit for traders’ options trades will be equal to the profit minus the premium.

Binance further warned that options trading is risky as there is “no guarantee that your options purchase will execute at a profit after the premium has been deducted.” Traders should, therefore, exercise cautious optimism as some options purchases can be very profitable. 

Binance becomes the latest entity to launch bitcoin options trading. The CME Group and Bakkt launched regulated bitcoin options just months ago. Deribit exchange, however, remains the world’s largest BTC options market by volume.

Suffice it to say, Binance’s foray into the options market poses serious competition to these other derivatives platforms. 

Notably, the ongoing coronavirus-fuelled economic downturn has not slowed down Binance’s expansion plans.

In late-March Binance launched a visa-issued Binance card that will allow users to shop online and also make payments from anywhere in the world. 

Moreover, the exchange also unveiled a bitcoin mining pool earlier this month ahead of the halving slated for next month.

Perhaps the most astounding move was Binance’s purchase of the most-referenced crypto data aggregation platform, CoinMarketCap (CMC) for an alleged $400 million. Despite concerns that Binance would manipulate CMC, Binance’s Changpeng Zhao assured that the two would work independently moving forward.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: zycrypto.com

Author: Brenda Ngari


Crypto exchange service engagement in Russia hits nearly 6%

Crypto exchange service engagement in Russia hits nearly 6%

Amidst the COVID-19 pandemic, data released by cybersecurity firm Qrator Labs, it revealed that crypto exchange service engagement in Russia has increased by around 5.56%.

This is an indication that with the present coronavirus pandemic, concerns on the quarantine/ stay at home government order, and rising unemployment, a lot of people are begging to turn to crypto alternatives for finance in Russia.

Reportedly, between the last week in March and February, Crypto exchange service engagement in Russia surged 5.56% according to Qrator with Russia news agency RBC, reporting the news earlier on Monday.

The cybersecurity outfit, however, linked the hike to growing interest in the crypto market as the country’s traffic on the foreign exchange market also hiked by about 3% according to the report.

The hike in Russia’s engagement with crypto exchange service and the foreign exchange market is possible as against the backdrop of the country’s first paid non-working week that was to hold between March 28 and April 5 to fight the global pandemic. Vladimir Putin, Russia’s president, eventually extended the country’s “non-working week” to April 30.

Amidst the rise in crypto patrons in Russia, Qrator Labs also reported that there’s been a tremendous surge in denial-of-service attacks (DDoS) exploits on cryptocurrency exchanges. During the period when crypto exchange service engagement in Russia hiked, DDoS attack also surged by over 486% during that time.

However, Qrator Labs’ data on the coronavirus-fueled hike in crypto exchange service engagement in Russia would be a useful document to prove the positive impact of coronavirus pandemic on the global crypto market. Reportedly in March, interest in buying Bitcoin hit its highest levels since July 2019, according to Google search trends data.

In the same light, Cameron Winklevoss, a co-founder of major crypto exchange Gemini, said that BTC would experience a historic “inflection point” in its life thanks to coronavirus while talking about the importance of COVID-19 for Bitcoin and its users.

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what’s happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Source: www.cryptopolitan.com

Author: Muhaimin Olowoporoku


Stabletown: The Stablecoin Exchange All Set to Expand Operations in Japan

Stabletown: The Stablecoin Exchange All Set to Expand Operations in Japan

Press release content. The AP news staff was not involved in its creation.

LONDON, UK / ACCESSWIRE / April 13, 2020 / The unpredictability of the Bitcoin market and the tendency of the major players to alienate them from banking structures have seen an increase in the trading of stablecoins. Predicted to be the future of cryptocurrency, most of the top cryptocurrency exchanges have added stablecoins to their portfolios. Stabletown is one of the most recent additions to the list of exchanges focused on stablecoin trading.

The stablecoin exchange is a digital currency wallet and platform where market makers, institutional clients, and individuals can transact with new stable digital currencies. The UK based exchange founded the previous year is already well on its way to becoming one of the most trusted exchanges. They are facilitating market makers, institutional and individual clients to trade on new stable currencies. The exchange with state of the art risk management system is providing trust to exchanges, market makers, and institutional clients of the assets that they deliver to other investors. “We provide liquidity utilizing specifics of different exchanges and crypto exchanges in attracting organic liquidity for listed instruments.” stated George Anderson the CEO of Stabletown when asked about stability and operations.

Stablecoins offer a safe option for traders to store their assets. Cryptocurrency users can easily and in instantly convert their non-backed assets to stablecoins. The traders can safeguard themselves of the sudden dip in the cryptocurrency prices. This, apart from minimizing risks, decreases the dependency on a fiat economy. These reasons coupled with the fact that it is cheaper to convert the cryptocurrency to stablecoins and the rate of conversion of stablecoins to fiat are less expensive than the transformation of crypto currency to fiat, have attracted old and new users alike to invest in stablecoins. With decreased risk and lower volatility of the exchange rates, stablecoins are eyed to be the most viable options for new users to begin trading.

As the search for exchanges that offer traders complete control of their portfolios is on the rise, Stabletown is offering a fully automated platform for both new and experienced users. It is one of the few exchanges offering services dedicated entirely to stablecoins. According to the CEO of Stabletown : “We strive to offer a unique trading experience and continuously improve existing products while expanding our scope to introduce new services.” The statement in light of the recent allocation of $4,500,000 to develop in Japan, the exchange is indeed expanding.

Stabletown was launched for professional High volume of trading over the counter (OTC) and is currently trading in Tether, TrueUSD, Paxos Standard, and USDC. Boasting of the best exchange rates in the market, the CEO emphasized the focus on larger trades and the same-day execution of OTC transactions starting from $500,000 equivalent. Armed with the best trade engine, low fees, and the highest state of the art risk security system, the platform is aiming to gain ground amongst the best exchanges. The team of Financial and IT experts are convinced of stable cryptocurrencies being the future of value exchange. Continually working on adding to the existing products, they plan to expand exponentially. At a time when most of the top ten cryptocurrency exchanges have just begun adding stablecoins to their lists of products, Stabletown has already marched ahead, with the best trading pairs in the market.

The announcement of Facebook launching their reserve-based stablecoin Libra gave the cryptocurrency market the much-needed boost. The world for the first time in two years saw a growth in the Bitcoin prices. Binance, the leader amongst the cryptocurrency exchanges, announced the launch of their stablecoin BUSD and most of the leading market players around the world have either launched stablecoins or have pegged their products. In these scenarios, the possibility of Stabletown launching its stablecoin has not been overlooked by the founders. When asked if the launch of their stablecoin is on the cards, George Anderson (CEO) stated, “We aim to be number one on stablecoin trading around the world, so yes it’s possible.”

CONTACT:

George Anderson

SOURCE: Stabletown LTD

View source version on accesswire.com:

https://www.accesswire.com/584828/Stabletown-The-Stablecoin-Exchange-All-Set-to-Expand-Operations-in-Japan

Source: apnews.com


Top 5 White Label Crypto Exchange Software Providers

Top 5 White Label Crypto Exchange Software Providers

White label cryptocurrency exchange platforms have paved the way for the ongoing crypto exchange industry boom. Businesses aspiring to run their crypto trading platform, have been getting the required infrastructural and maintenance support from these companies. The leading white-label software providers have empowered such smaller exchanges and businesses with robust infrastructure and smooth operations from the get-go.  

A cryptocurrency exchange or trading platform is where people can trade in Bitcoin and Altcoins (digital assets). A white label crypto exchange platform, on the other hand, offers the infrastructure of an established and running exchange to another company, for re-branding.

White label software is a highly scalable market-ready product that others can customize as per their business and aesthetics requirements. The buying company is at liberty to change the color scheme, add the logo and optimize the white label product to their liking. 

White label crypto exchange software benefits an organization in multiple ways:

  • It saves them the time needed to build an exchange from scratch allowing faster deployment. 
  • The buying company saves finances that otherwise would have gone in hiring technical resources
  • It saves the organization from going through tiring trial and error phases of exchange creation
  • White label products have the potential to bring forth greater returns against the initial investment

Given below is a list of top five providers of white label cryptocurrency exchange products and solutions.

HashCash Consultants

Country – USA

HashCash Consultants is a California based software company that specializes in Blockchain and crypto-based products and services including white label crypto exchange software. The company is known to provide businesses with scalable and highly customizable white-label software for cryptocurrency exchanges.

The software comes with a high-frequency crypto trading platform that supports all major global fiats. There are encrypted hot wallet and a multi-signature cold wallet with a robust matching engine, with the ease of adding and removing crypto trading pairs. 

Product features include order book and matching engine, CMS, document management, KYC verification, wallet management system, UI/UX branding, block confirmation tracking, mobile application, ERC20 compatibility, etc.

It comes with additional features such as exchange FIX API, pending transaction handling, multi-language support, advanced security features (prevention, detection, and remedial cyber security), DR protocol and more. 

Major Services Offered by Company:   

Blockchain solutions on core banking, commercial lending, digital identity, and risk management, insurance, payment processing, financial market and investment management, supply chain management. 

Services focusing on digital assets include crypto exchange, crypto exchange Algo trading, ICO services, white label ICO platform, crypto payment processor, crypto development, coin listing, security token offering, etc.

HashCash offers a plethora of other advanced technological services like Blockchain IoT development and consulting services. It runs one of the leading cryptocurrency exchanges in the USA named PayBito. 

Infinite Block Tech  

Country – USA

Infinite Block Tech is a white label crypto exchange development company that offers businesses with a secured and highly functional digital assets trading platform. They were one of the first to develop customizable exchange platforms and provide innovative solutions in the domain. 

Security is heavily prioritized by the company, and they follow a detailed seven-step process to create a stable platform for businesses. 

The product features include admin back end panel, API integration, multi-language support, SEO/SEM enabled, trade matching engine, integrated referral program, margin trading, mobile application, payment gateway integration and more. 

Major Services Offered by the Company:

Services offered include token development and listing, STO services (development, marketing, exchange, ETO development services, crypto development, crypto wallet development, crypto ATM software, blockchain consultation, etc. 

Skalex

Country – Germany

Enhanced security and extensive customization are the USPs of the white label crypto exchange software offered by Skalex. The company boasts of an experienced and skilled team of blockchain developers offering scalable solutions to businesses. 

The product features include API integration, market making, crypto to fiat exchange option, liquidity options, multi-currency enabled, etc. 

Major Services Offered by the Company:

Other services offered by Skalex include ICO and STO platform development, crypto development and more.  

Antier Solutions

Country – UK & USA

Antier Solutions offers blockchain development services along with white label cryptocurrency exchange software. Businesses get to leverage their scalable and customizable white label solutions for the re-branding of a seamless trading platform. 

The software features include high TPS or transactions per second, liquidity options, API integration, margin trading, and more

Major Services Offered by the Company

Other major services provided by the company include white-label wallet development, STO (security token offering), peer to peer platform development, stablecoin development, blockchain consulting services, crypto and ICO development, smart contract development, peer to peer lending platform development   

BitHolla – HollaEx 

Country – South Korea  

The HollaEx Kit was developed by the Seoul based tech company BitHolla that specializes in providing blockchain solutions and services to businesses. The USP of this open-source white label crypto exchange software is that, it comes with a self-launch kit, allowing anyone to launch and run their exchange and list tokens. It comes with a simple and user-friendly dashboard that can be customized even if the person has no coding skills. 

The user interface has a free trial run for 15 days. One has to stake the proprietary XHT (HollaEx token) token, to operate the exchange and the HollaEx kit. It can be reclaimed if at any point the user wishes to stop running the exchange. The kit comes with the promise of smooth on-boarding and quick deployment of the trading platform.

The exchange software features include KYC flow, affiliate and referral system, web front-end source code, admin panel source code, and other advanced security and technical support. 

At present, there are about 3000 cryptocurrencies that are being traded in more than 500 exchanges out of which 259 are actively tracked by CoinMarketCap. With crypto investments increasing at an exponential rate, running an exchange has become a lucrative venture for businesses. You can embark on your crypto journey and get the required guidance and infrastructural support from the above mentioned top white label cryptocurrency exchange software providers.

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Source: yourstory.com

Author: Namrata Bose


Huobi exchange tops in USDT transactions for March 2020

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