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  • Schwab-backed crypto exchange EDX Markets goes live

    Schwab-backed crypto exchange EDX Markets goes live

    new crypto exchange edx markets goes live
    • EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today.
    • The crypto exchange has also completed a second funding round with new investors.
    • EDX has plans of launching a clearinghouse business later this year as well.

    Investors can now trade bitcoin, litecoin, ether, and bitcoin cash on a new digital assets marketplace – EDX Markets.

    EDX Markets is backed by financial giants

    On Tuesday, the crypto exchange that has support from a bunch of Wall Street behemoths, including Fidelity, Charles Schwab and Citadel Securities launched trading in the said digital assets.

    EDX Markets had first revealed plans of launching a non-custodial exchange last year in September. In a press release this morning, its CEO Jamil Nazarali said:

    EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates strength of our platform and demand for a safe and compliant crypto market.

    It is noteworthy that neither of the four crypto assets available to trade on EDX were dubbed “securities” in the recent complaints the U.S. SEC has filed against Binance and Coinbase.

    EDX will soon launch a clearinghouse business

    In its press release, EDX Markets also confirmed today that it has completed a second round of funding with new investors. CEO Nazarali added:

    We are committed to bringing the best of traditional finance to cryptocurrency markets, with an infrastructure built by market experts to embed key institutional best practices.

    A non-custodial crypto exchange is known to be safer than the custodial wallet. On Tuesday, EDX Markets revealed plans of introducing a clearinghouse business in the coming months as well.

    The news arrives only days after BlackRock officially filed to launch a Spot Bitcoin ETF in the United States (read more), suggesting the long-term institutional demand remains intact despite the FTX fiasco and the ongoing regulatory crackdown.

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  • Kaspa price gives up gains as top exchange delays KAS listing

    Kaspa price gives up gains as top exchange delays KAS listing

    • Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.
    • The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS.
    • Uphold says the delay is due to a technical issue that will soon be sorted out.

    Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.

    In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.

    That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange

    Uphold delays listing of Kaspa (KAS)

    On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.

    But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured KAS holders that the issue was “minor” and will soon be solved. He tweeted:

    “As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”

    He offered to explain everything on the Twitter Space.

    After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.

    Currently, KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.

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  • Peer-to-peer crypto exchange Paxful to suspend operations

    Peer-to-peer crypto exchange Paxful to suspend operations

    • Paxful will temporarily halt operations.
    • The exchange’s CEO however stated that they are not sure if it will resume operations.
    • This is the second peer-to-peer crypto exchange to shut down.

    Paxful CEO Ray Youssef has published a post on the exchange’s website stating that the peer-to-peer (P2P) exchange will be suspending its marketplace. Ray went ahead to state that they are not sure if the exchange will resume operations.

    This is the second popular P2P exchange to shut down in 2023 after LocalBitcoins announced shutting down in February.

    Key staff departures and regulatory challenges

    The CEO cited key staff departures and regulatory challenges in the post saying:

    “This will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.”

    The CEO said that the biggest priority at the moment is safeguarding customer funds and advised customers to withdraw where possible. He has gone ahead to recommend withdrawing to self-custody wallets like Exodus and Muun.

    Ray also stated that Paxful will be offering an easy migration to other P2P alternatives for non-US customers. He highlighted three P2P exchanges namely Noones, Bitnob and Yellow Card.

    The Paxful Wallet will however remain operational for customers to retrieve their funds.

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  • Shib Generating – SHG – MEMECOIN EXCHANGE

    Shib Generating – SHG – MEMECOIN EXCHANGE

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  • Saitama Token – MEMECOIN EXCHANGE

    Saitama Token – MEMECOIN EXCHANGE

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  • UNITY – NEXT BIG CRYPTO PROJECT & EXCHANGE

    UNITY – NEXT BIG CRYPTO PROJECT & EXCHANGE

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  • $FLOSHIDO INU TOKEN – MEMECOIN EXCHANGE

    $FLOSHIDO INU TOKEN – MEMECOIN EXCHANGE

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  • Saitama Token – MEMECOIN EXCHANGE

    Saitama Token – MEMECOIN EXCHANGE

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  • IcelandToken – MEMECOIN EXCHANGE

    IcelandToken – MEMECOIN EXCHANGE

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  • Dogecoin surged by 9% in the last 7 days MEMECOIN EXCHANGE

    Dogecoin surged by 9% in the last 7 days MEMECOIN EXCHANGE

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