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Showing posts with label crypto exchange. Show all posts
Showing posts with label crypto exchange. Show all posts

Cryptocurrency Exchanges, take a Note of This: New Cryptocurrency Exchange to be Put Up


“To stay in power and to lead a pack, taking risk is an ability that few have.”

Well so to say, Cryptocurrency Exchanges have to be prepared for recent developments and what system the U.S. Securities and Exchange Commission has put across. The most important aspect which one was missing out all this while was that the responsibility of a creator does not end with the creation of an exchange on a Blockchain, instead, it goes on to be on the rising end.

And this is what even Rober Cohen, Chief of Cyber Unit of SEC thinks.

Cryptocurrency so far had been on a racing streak sprouting in all corners of the economy, however, in order to keep track of advances in this particular field came in U. S. SEC’s Cyber Unit. According to the latest developments, SEC shall make a note of minute details so as to keep Cryptocurrency Exchanges in the track.
SEC’s focus turned toward Cryptocurrency Exchange solely based on the fact that there is an ‘Exchange’ involved in talks and this can turn tables for all parties involved. Therefore, it was necessary for something or someone to take charge of changing the environment.
Another fact to be taken note of is, decentralization or smart contract were never in question, it was only these sets of ‘decentralized exchanges’ that had to be looked at. Reasons being, exchanges, for the most part, ran on ‘self-executing codes’. Responsibility of these codes also included contacting individuals directly!

Cryptocurrency Exchanges: Would they ever be Accepted?

The question that an individual faces here is whether any one out there is going to accept these Cryptocurrency exchanges or not? Some of the exchanges have worked their way up while there were also others who could not make a mark for themselves.

Scams are another factor that takes away trust from a platform.

If you have ever noticed then some of these Cryptocurrency Exchanges have been launched with an ‘ox platform’. While on the other hand there are also other exchanges which have seen the light of the day as they were being solely made on Blockchain.
And if views of experts are to be taken in to consideration then we may make a point very clear: it is next to impossible at the moment to shut down Exchanges that have formed their basis on Blockchain!
In simple words Blockchain based Cryptocurrency Exchanges have found themselves to be built on a platform that does not seem to have an end to it. With loads of decentralized servers apart from domain providers and a lot of similar other stuff, exchanges are heading towards a whole new wave of development.
A development, that many see as an answer to an easier way out; whilst some experts are of the belief that if monitored on regular basis then Blockchain based Cryptocurrency Exchanges shall leave a mark for itself. To let this thought turn in to a reality, it shall certainly take some more time because streamlining aspects is an important part of development as far as these exchanges are concerned.
And with U. S. Securities and Exchange Commission right around the corner, exchanges under Cryptocurrency tag have to abide by the rules. Do they?
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Binance, has been in news of late while growing leaps and bounds with its great work in the field of cryptocurrencies. Still there was room enough to launch yet another department that aimed to bring in transparency for the benefit of everyone involved.



8 November 2018, a Day to Remember

8 November is a day to remember as it was then that Binance launched its ‘Altcoin Research Lab’ creating another source of public assistance. This division from Cryptocurrency Exchange giant would analyze investment opportunities in range of diverse Cryptocurrency projects; thereafter this information is going to be shared to the public.

This is also the very first time that a leading Cryptocurrency Exchange is working on ‘institutional grade cryptos research’. Such a research shall be carried out by ‘Binance Research’, aimed to raise transparency levels besides providing quality and quantitative reports on the way Cryptocurrency Reports work.

Folks from the crypto world are enthusiastic about Binance Research Division as it could resolve major issues concerning cryptos which keep cropping every now and then. It is also to be understood that there has not been till date any such venture made purely for providing information related to crypto world.



In Depth Research

Yes, you read it correctly, it is certainly going to be an in-depth research at Binance Ecosystem from the experts at Binance World. Updating these reports is also a part of the game plan because changes are inevitable and hence, it is necessary that some one keeps a track of all these things, while reporting these issues or solving any queries related to crypto world.

With latest reports on the go, a crypto enthusiast shall make the most use of this division. Availing information from these reports would not be that difficult also, reasons being the whole information shall be made available online.

People who form this research team include experts from the field such as Blockchain Engineers, Data Scientists, Investment Bankers, Academicians and Journalists among others. This team would be in charge of building reports from the scratch and shall report ‘Price Analysis, Token Sale, Trading Data and Adoption Metrics’ to name a few focus points.

Reviewing major projects yes, is one of the focal points however, Subjective Metrics is yet another of the categories the team would work on.

The Go To Option for Many

Binance, over the years has moved ahead while still maintaining its position of being a ‘Crypto Trading Platform’. And now if you see, it has worked its way to become one of the best and leading ‘Blockchain System’.

It was therefore about time for a leader of this stature to spread out its wings to yet another division whilst maintaining quality in all the verticals it moved in to. This thought gave birth to Binance’s Research Division, the first of its kind in the crypto world. In case you are not aware of it, there are two other divisions of Binance namely, Binance Info (* a Cryptocurrency Database) and Binance Academy (* an educational portal) already up and running!




So, stay tuned to get the latest information on Crypto Analysis made online by the experts in their efforts to keep everyone informed on how Cryptocurrency is moving forward by the hour!

ICO And New Crypto Platforms Usually Focus On Coinbase Listing

If something sells quickly, then people tend to run after that and this is what has been the trend of late or should I say from time immemorial? Well, if we look at the picture then we can say that people run after a certain aspect or invest in certain division only when they see it in news or hear it from someone else.
It is also true as common folks like us require some sort of affirmation that yes, this is it… it has been breaking new ground so why not focus on this at the moment? And / or adopt a wait and watch policy?! Occasionally, it may work but not every so often! Decision of an individual should not and never be made merely based on a theory instead it is in one’s interest that you carry out thorough research before trying to step in the waters.

Reality Check
Agreed that Coinbase, a leading United States based Digital Currency giant has listed out cryptocurrencies on its ‘Coinbase Pro’ division. However, what has to be taken a note of is the fact as to how the crypto listings move around; as in do they every time move up the ladder or is it that at times, they also go the other way round.

History may tell the Difference
To help you further in this regard, we have put across various examples for you to view and ponder over before making a final call. Let us have a close look at the way BAT or Basic Attention Token has been listed on Coinbase:
It was way back in the month of July that Coinbase had first announced its intention of bringing BAT aka Basic Attention Token on board. When this announcement went live, and particularly on the 14th of July, there was an uproar of sorts wherein BAT gained 30% on news!
This was also probably the first time that a ‘fiat to crypto’ exchange had seen such a raise in a short span of time. On the other hand, Coinbase made it very clear on its social handle that there is nothing to guarantee as to what would be the future of any listing of a particular token on its exchange.
Besides, there are many listings in Coinbase that do not have complete support from their side, it can be either partial support or there may be some cases wherein assets become available in various countries before coming to the United States! In fact, there are also chances that under specific jurisdictions, Coinbase lists tokens!

Make a Note
While for BAT, there were days that it fell 70% from being at its peak somewhere on the 24 July and 12 September respectively however, it rose by 30% post an announcement by Coinbase. As per reports, Coinbase okayed for BAT Tokens deposits in its listings (on 8 November). It was therefore about time for BAT to see a change, but when trading was enabled, their tokens went down by 35% approximately while it was at its peak on Thursday.

It is yet to see what would happen next but remember that anything can change at any given moment of time. As per few people, it is best to look out for the term ‘exploring’ on Coinbase before making a final decision!
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It is indeed no more a surprise to find Binance spreading its roots to various parts of Europe besides turning itself to become one of the top notch crypto exchanges the world could witness. And with ‘Binance Jersey’, crypto fiat channel gets a link wherein an individual can either sell or buy both Bitcoin and Ethereum.


Isn’t that great?

Well, ensuring there is ease of use; buying or selling of crypto coins can be done in Pounds as well as in Euros.  By utilising Binance’s technology, blockchain industry shall witness some of the upbeat versions of crypto exchanges that technological advancement could offer at the moment.

User Friendly

Of course, being ‘user friendly’ is what these Cryptocurrency Exchanges aim for.
Simple yet Intuitive Interface. Able to Process close to 1.4 Million Transactions in a Second whilst Guaranteeing Maximum Security apart from Quick KYC Processing and 24/7 Customer Support… what else could a crypto enthusiast ask for?

This is what we get when there is a fast, secure and a reliable platform built specifically keeping all the facts together that Crypto Enthusiasts look for. Doing so gave birth to “Binance Jersey”, an arena for making Crypto Trading a lot easier plus a simple task.

Digital Asset Management

What one gets here is crypto trading exchange between Ethereum ETH, Bitcoin BTC and British Pound GBP, Euro EUR. Along with this, there is introduction of the Digital Asset Management Services for the users. You can make use of this from any part of this globe!

If you notice then there are close to 4 Crypto Trading pairs made available for the users at Binance Trading Platform. You also shall be happy to hear of the fact that Registrations, Deposits besides Withdrawals have been made available now for the users’ benefits.

Looking for a 20 EUR Reward?

Well, ah, yes, you have read it correctly; there is a sweet reward of 20 EUR to the first 5,000 Users who register at www.binance.je. However, do not forget to complete the Account Verification aka the KYC else you may lose out on this upcoming reward!

Simple Yet Effective Methodology

Creating an account by registering and uploading KYC; Depositing Assets: Fiat (EUR) or (GBP) / Crypto (BTC) or (ETH). And voila! There you go: Begin Trading! Binance Jersey turns out to be a different one of its kind because with this, you get to earn 80% commission all by inviting friends to the platform!


Binance is not the only player in the game as with it there is also ABCC Crypto Exchange who has already announced its plan for partnering with Tron in order to list out its tokens on TRC10, which is technical standard of TRON.


However, it is now to see as to how far can Binance pull out crypto enthusiasts so as to bring its Binance Jersey to the fore front in no time soon.

Keep watching this space for more updates on Cryptocurrency and Crypto Trading Exchange news!
Stablecoins seem to take over most of the cryptocurrencies and we can say this because Cryptocurrency exchanges are moving towards roping in their stable coins in their exchanges. For starters, stable coin is another set of cryptocurrencies wherein price volatility effects are minimized to a great extent.


Bitfinex and Ethfinex Back USD Stablecoins

Recently, there was an announcement made according to which Bitfinex, a Cryptocurrency Exchange along with Ethfinex have decided to extend support to four more stable coins in their trading list. These stable coins are supported by USD and this is the reason for both Cryptocurrency trading exchanges to enter in agreement with them.

Who Can Utilize New Cryptocurrency Trading Facilities?

New Cryptocurrency Exchange Trading facilities have been specifically designed keeping in mind all the Crypto Traders out there. It would indeed be easier for them to deposit as well as withdraw a stable coin.

Another aspect attached to the list of perks - ‘trading verification status’ is never going to have any affect on trading. Nevertheless, the whole set up of not only Bitfinex but also Ethfinex is that it is only open to the ‘verified traders’ and that to only in their platforms.

Stablecoins Available in Cryptocurrency Exchange

Currently, four stable coins have been included to the existing list of trading and they are as follows: first one being USDT/ Tether, second one is True USD or TUSD, while third one in this list is Gemini Dollar aka GUSD whilst fourth one is none other than Paxos or PAX.


With such a combination of coins coming together on a single platform, you may be surprised to witness that this platform still remains to be rationalistic as far as it can make itself to be.
In a similar way, other Cryptocurrency exchanges have begun to take forward the tradition of including stable coins in their list of crypto trading thereby giving an option to crypto enthusiasts to select from numerous listed trading exchanges.

Is It?

There are however, other things that have to be taken a note of, one of them being ‘unbiased meeting place’. Such a system shall indeed be an attraction that people would look forward to. Introduction of ‘direct USDT FIAT Trading’ in November ensured that there is going to be a rain of trading pairs which are helpful to many.

Interestingly, there is EURT / EUR Trading Pair apart from USDT / USD Trading Pair on the Bitfinex Platform that gives an edge over others in this competitive world of Cryptocurrency trading exchange.

Some of you may even be aware of the fact stating: exchanges tend to put in to use ‘stabilized tokens’ in order to keep these in the ‘reserve state’. In simple words, reserve would mean that an individual does not have to hurry tokens in to fiat thereby cryptonians do not have to worry about any related situations!

Finally, with Tether aka USDT coming on to the platform of Bitfinex as well as Ethfinex, it is beyond question that crypto market is going to move forward in near future.
Tripio, where you can book close to 454,531 lodgings through cryptocurrency across the world has made an official announcement of it coming together with Binance to ensure that people involved benefit. You may even be surprised to know about the recent updates revolved by Tripio on its Twitter handle which stated rewards!


Come, Celebrate Binance and Tripio Crypto Hotel Booking

Well, 5 lucky winners stand a chance to win huge rewards selected randomly. Winners shall be receiving 10 $BNB each only after they follow some rules #tripio #cryptoenthusiast! As a matter of fact, this partnership has been done strategically so as to enable millions of Binance Users utilise best options available when it comes to hotel reservations.

Note: This contest ends on the 6th of December 2018, so you all better hurry than miss out on the chances.

Partnership with HKDT

Late in November, Tripio had announced about its strategic partnership with HKDT. Back then as well, Tripio made it very clear that users could put in to use HKDT for Tripio payments. Besides, HKDT is a stable cryptocurrency in Asia and one of the largest stable cryptocurrencies ever seen in a continent like Asia.


Tripio has over the years grown in to full fledged platform featuring numerous aspects such as: Travel Route Planner, Travel Map Generator among others. It was therefore an obvious step for a domain like Tripio to take the next step, coordinating with the all time favourite Binance. Moreover, even the czar of Binance, Changpeng Zhao enthusiastically posted on his Twitter handle: ‘why do not I rebook hotel now with #BNB!’

Cryptocurrency Merchant Adoption: Good or a Bad Decision?

With more and more cryptocurrencies cropping up every now and then, such collaborations were deemed to take place. There has however been a lot of speculations as to what would be the end result of cryptocurrencies stepping in to the world of merchants? Some of us are well aware of the fluctuations that cryptocurrencies go through.

Also, many countries do not accept cryptocurrencies as a mode of payment thereby leaving them (read cryptocurrencies) to look for methods to be accountable for something useful. If we glance at the recent news then you may be aware of the announcements made by United States Securities and Exchange Commission and its recent updates on Cryptocurrency Regulation.

Experts from crypto world feel that if cryptocurrency community strengthens itself then this move would help merchants from different departments. They should take a note of bringing together cryptocurrency and their business. And until then things shall never be able to turn and move forward.

Binance Coin Adopted for Hotel Bookings by Tripio

Usage of #cryptocurrency #binancecoin #BNB #tripio for hotel lodgings across the globe is going to be an efficient method apart from centralized systems that exist in the world today. It is now to see how far would adoption of cryptos for hotel bookings go. Why don’t you share your thoughts and let us know if you would utilise such an opportunity?
What if you get to use a technique through which you can actually ‘guess price of digital assets?’ As in you can have an idea of whether a digital asset is going to rise or fall?! Well, if a feature like this is there then there is going to be an opportunity galore like never seen before. However, for this to turn in to a reality, you will have to look at ‘OKEx’.


For your information, OKEx is a Cryptocurrency Exchange based in Malta and it is this exchange that is responsible for ‘Perpetual Swap Trading’, a pioneer in the field of judging prices of cryptocurrencies.

What is Perpetual Swap Trading?

In simple words, Perpetual Swap Trading, is in fact ‘progressive’ whilst having a few inklings to ‘futures contract’. There tends to be slight difference though, major one of them being: there is no daily settlement and secondly, there is not going to be any expiry!’. With such aspects attached, Perpetual Swap, a peer to peer technique developed by OKEx is expected to go great guns in near future.

Perpetual Swap to Begin on 11 December

Yes, it would be from the 11th of December that one is going to be able to make use of the peer to peer virtual derivative from the house of OKEx. With Perpetual Swap by your side, you can perform numerous actions simultaneously thereby giving an edge over others.

Some of the actions being: Perpetual Swaps, Spot Trade with Margin, Futures Contract apart from Leverage. Another point to be noted down is: swap contract has notional value equal to that of $100 Bitcoin.


One of the most important features include: there is not going to be any expiry date attached to the Perpetual Swap. In other words, there can be either a longer or a shorter position (here long position addresses price rise expectation whereas shorter one tends to focus on price going down).
So, when these positions have no expiry date then people involved in such a set up end up being the beneficiaries.

Transaction Fees to be on the Lower End

Transaction fees is another of those concerns that one faces, hence, to resolve this issue, you can expect ‘transaction fees to be on the lower end’ when compared to similar projects from this field.
Daily settlement is possible at OKEx thereby giving an opportunity to people involved wherein they withdraw on daily basis whilst gaining profits on it. Malta has indeed turned out to be one of the favourite stops of the business, reasons being OKEx!

11th December 2018 is the day when officially Perpetual Swap Trading would go live at OKEx. An individual may utilise its facilities from 01:00 or GMT + 9 hours. Finally, it is to be remembered: to ensure nothing goes off track, risk control strategies are in place as these have far reaching effects in Trading!

Let us know what do you think of Perpetual Swap in Malta in comments below.
Jay Clayton, Chairman of U. S. Securities and Exchange Commission has indeed pointed out some of the key features that the Chairman thinks benefitting to the current situation of Cryptocurrency market and the world revolving around cryptos especially Bitcoins, a cryptocurrency that has been quite volatile in the past few weeks specifically.


Bitcoin ETF (Exchange Traded Fund) to Take Some More Time

Recently we had reported that the Chairman of Securities and Exchange Commission from the U. S. is pondering over having an exchange traded fund in some time. However, for this to become a reality, a lot of security features are to be looked at carefully before finalizing any aspect because it is without any doubt going to have effects at a later stage as well.



Initial Coin Offering Start-ups Must Check with SEC at the Earliest

All the ICOs or the Initial Coin Offerings if checked with the U. S. Securities and Exchange Commission quickly then there would not be any penalty put on these ICOs. Hence, it is advised that start-ups check with SEC beforehand rather than inviting trouble at their door step.


Already two start-ups have been fined or you may also say issued ‘civil penalties’ by SEC as they had not registered in a correct manner as it was required to.

Happy to Help: Yes, Jay Clayton, the Chairman, made it pretty clear that it did not actually have any kind of trouble to assist crypto startups. However, these start ups have to be in the United States only.
Another thing to be looked at carefully is the fact that these start-ups may indeed have to check for a method to ascertain a fact: ‘get in compliance with the law’. Some people think that doing so (‘get in compliance with the law’) might be a bit difficult as well. On the whole if all rules are followed then there is not going to be any kind of trouble whatsoever (only when rules are followed).

Regulated Exchanges are need of the Hour

When we look at the current picture, we can see that Cryptocurrency exchanges now a days are never in the regulated format. Hence, problems sprung up every now and then. Issues that these crypto exchanges face include ‘price manipulation’.

Therefore, as a result and as an answer to this, Jay Clayton felt that it would be a plus point to have ‘regulated exchanges’. With regulations of exchanges, price manipulation activity would also come down. Price manipulation is one of those culprits that is eating away at Cryptocurrency exchanges thereby leaving investors with confused questions.

The other side of the coin hints at: will Bitcoin be one of the leagues here? While some experts believe to a great extent that it would be next to impossible to have Bitcoin regulated with the way it has grown over the years.

It is now to see what would happen to the crypto world with the United States Securities and Exchange Commission taking center stage in all aspects.
Bitcoin ETF or the Bitcoin Exchange Traded Fund came very close to the approval of United States Securities and Exchange Commission! However, this can be possible only when there is better ‘market surveillance as well as custody for the Cryptocurrency’ and for this to happen it might take some more time.


Well, it comes to a little surprise after Chairman of U. S. SEC, Jay Clayton announced about giving a nod to Bitcoin ETF (exchange traded fund). Till date SEC has denied access to numerous ETF applications, because the committee understands that they are still not up to date when it comes to ‘investor protection’.

First Bitcoin Exchange Traded Fund

If everything falls in place then Bitcoin Exchange Traded Fund is going to be first of its kind in this league! It was at the Consensus Invest Conference in Manhattan that Jay Clayton specifically announced about its plan to release first Bitcoin ETF however, this can be done only after careful consideration of how things work out post complete quality check.


‘Manipulation’ is one of the major concerns that Clayton stressed on and he said that most of the Cryptocurrency exchanges are not equipped with similar monitoring tools which usually is there with stock exchanges. This would further lead to not getting to know exact price of Bitcoin, it may also harm interests of the investors.

On the other hand, if we take a note of exchange traded funds then they end up keeping a track of index or a group of assets. Earlier as well, SEC did not approve Exchange Traded Funds brought up by Winklevoss Brothers. Reasons behind this was a simple fact that there were many risks involved overall and US SEC could not take up such ETFs to a larger interface.

Custody or Storage Matters in case of ETF

Of course, storage or the custody is another of the major concerns that we are facing nowadays and hence even U. S. Securities and Exchange Commission Chairman, Jay Clayton mentioned this about safe storage of assets.

When we look at the price of Bitcoin, then we know that its price is already not stable therefore, this stands to be one of the hurdles that has to be addressed at the earliest before taking things to the next level.


Out there, a number of ‘custody solutions’ related to cryptocurrencies are there or are in the pipeline. It is now to see how these set of solutions come forth to assist Cryptocurrency custody apart from handling trade execution for ‘institutional investors’. To ensure that end results are perfect, Clayton went on to add that a lot more improvement in custody solutions shall be helpful!

Would US SEC decision affect Bitcoin Pricing?

This is one of the major questions arising in crypto discussions. As most of us are aware of how volatile Bitcoin has turned itself in to. However, experts would not be able to say currently as to what would this decision of SEC bring in for Bitcoins!
Crypto exchanges in Taiwan are going to have some more new strict rules targeted to prevent illegal transactions under the garb of digital currency. This news comes forth post new policies being added to ‘AML or the anti-money laundering policies’ that Taiwan has
.

It was not until this year that the Government of Taiwan okayed for digital currencies because it was still perplexed with the way regulation of Cryptocurrency market happened in Taiwan along with the Blockchain sector. However, things have changed quite a bit with the latest Money Laundering Control Act and Terrorism Financing Prevention Act coming in to action.

Legislative Yuan approved this recently drafted act and it also has been given the authority to ban transactions in case they are fraud. All of this is possible due to the fact that Legislative Yuan comes under one of the financial branches of the Government of Taiwan known as FSC aka Financial Supervisory Committee.

Regulations of Cryptocurrencies in place

With passing time, it looks like the Taiwanese Government is moving towards an arena wherein they can regulate and have proper control with the way local Cryptocurrency market works. The new system is also inclusive of the Blockchain space because their sole motto is only to prevent frauds related to or having involvement of cryptocurrencies.

Ministry of Justice, Taiwan releases statement

Even the Ministry of Justice, Taiwan has released a statement specifying these recent amendments to the anti-money laundering bill so it does not come as a surprise that the Taiwanese Government is working its way to make a good foothold with the way cryptocurrencies worked.


Related departments from the Government of Taiwan are putting their efforts to work for the better while meeting the standards laid down by International Anti-Money Laundering.

Centre for Blockchain based Businesses

Taiwan has slowly been building itself in to a center for Blockchain based businesses, so, when these things are in line then it is necessary that Taiwan and its government makes itself up to date with all aspects of cryptocurrencies. On the other hand, there were also reports for Taiwan to become one of the centers for Initial Coin Offerings also known as the ICOs!

New Crypto Laws in Taiwan

To ensure that everything is in place, Taiwan, like you read above, has modified the existing AML or the anti-money laundering law apart from CFT or the counter-terrorism financing law. Due to the recent alterations made, it would now become all the more necessary for crypto exchanges to give more information to the Government of Taiwan.

Another aspect to be carefully looked at is the way: compliance rules are to be changed by the crypto exchanges. With the Financial Supervisory Commission coming in to action (as they are responsible for creating laws in Taiwan), it is to see how would these laws impact overall Cryptocurrency Exchanges in Taiwan.

While at present, the only aim for Taiwan is to make itself more aligned with the way cryptocurrencies work besides changing crypto exchange markets for the better.
Binance in its latest announcements has renamed Tether Market (the USDT) to be USDⓈ or a Stablecoin Market. According to this report, the Cryptocurrency Exchange giant aims to back trading pairs in the category of ‘stablecoins’.


Earlier Binance had also reported that there shall be a listing of Blockchain company which goes by the stablecoin USD Coin or the USDC (from Circle) besides supporting PAX and TrueUSD or TUSD from Paxos.

What is USDⓈ? How is it Different from the Earlier Version of Tether?

One of the most important aspects that one has to keep a note of is the fact that USDⓈ is not going to be another of a stablecoins, hence, there is no headache there; instead, it is a new symbol for stablecoin market from the house of one of the major crypto exchanges: Binance.


We would get to know more about what shall be added to this Stablecoin Market in the upcoming days. So, we will have to wait for some more time to have an idea as to what shall be the pairings in the all new stablecoin market being declared by Binance.

As some of you may be aware of this information: Tether (USDT) is now rechristened as the Combined Stabelcoin Market aka USDⓈ, a move that was taken after a carefully thought out process.

Launch of USDC Tokens

Coinbase, a U. S. Cryptocurrency Exchange, along with Circle had come together for launching USDC Token in the month of October.

In Asiff Hirji, President and COO of Coinbase words, “Stablecoins are in 1:1 ratio (backed) with the U. S. Dollar. They have been audited completely beside being transparent.”


Many out there think that changing the name of Tether came as a little unexpected news because it was a different kind of thought process that major Cryptocurrency Exchange has picked up on. While the only aim for sudden change in events lead us to a platform which supports trading pairs with that of various stable coins.

With Binance taking a new step towards the Stablecoin Market, there shall without any doubt be developments in this market. Some of the experts from this field also believe that with such a move, Binance is making a formal announcement: Binance will be a go to option for trading cryptocurrencies!

Official Announcements for Addition of Stable Coins on Binance Platform

Yes, you read it correctly, with numerous trading options in place, Binance is going to turn itself in to a platform where services range from not one but to a varied group.

Now it is to see what will this move result in because, in the past six months, Binance has gone on to an addition spree of adding stable coins while accumulating one by one the following: Tether (USDT), TrueUSD (TUSD) became a part of the list on 16 May, Paxos Standard Token (PAX); added to the list on 21 September apart from USD Coin or USDC, the latest one in the list took its position on the 15 November 2018.
If we go by the latest reports, then it says that there is a new crypto exchange, which is going to be 100% owned by the users. Transaction costs are mostly on the rise affecting both traders and investments in a certain way. Therefore, it was about time for a hybrid community to have sprung up and showcase a ‘digital asset exchange’ benefiting every person involved in it.


What is this Digital Asset Crypto Exchange?

The all new user owned crypto exchange is being built on a democratic exchange platform, this is what gives itself an edge over others. Users can by putting in to use ‘DAREX Hybrid Crypto Exchange Platform’ would be able to trade Securities as well as Utilities.

Trading like these lead to transactions thereby leading to revenue that is going to be shared by Token Holders. In other words, it shall be one of its kind especially because profit sharing from transactions was never a part of this game.


Darico Community plans to share revenue through DECS or the Darico Exchange Community Shares. Most importantly, a decentralized structure has been set up on the basis of a centralized exchange thereby establishing a great amalgamation of the two while still being a decentralized one!
Due to such a system that DARICO comes with, it ends up being all the more useful option for many investors as well as traders, reasons being till date there has not been a single platform wherein an individual could deposit, withdraw or even trade top cryptocurrencies from the world.

Another aspect that is to be made a note of is a simple fact: Token Holders to get Voting Rights, rights that give them a benefit through which they can check progress of user controlled crypto exchange platform.

Though it seems to be a far-fetched idea, however, when implemented in a proper manner then it is going to set new records that have not been seen ever before.

Launch of DARICO Ecosystem

As per the reports, DARICO tokens are going to begin its distribution from the 10th of January 2019, these tokens shall be distributed only to the community members though. There are also plans to permit users to transfer Fiat, this shall be another added advantage for users. Reasons being they can utilize this opportunity of cross trading with the assistance of bank accounts and cards.
Cross trading allowed in this system could be from any Fiat currency such as Euros, Dollars or Pounds to that of Cryptos. To ensure that things fall in to place and there should not be any hitch in its working, there is a coming together sorts of thing between Darico and Polymath.


When both of them come together then companies may also launch ‘securities tokens’ on a Blockchain based platform. Finally, what can work for the company is a simple fact: make a transparent business model’ through a monitoring system besides utilizing ‘failproof cold storage’ made solely for protection of funds present on the exchange.

Quick, transparent, reliable, fiat to crypto user owned crypto exchange is DARICO’s Hybrid Exchange!