Tag: Cryptocurrency Exchange

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Crypto Markets

SBI Holdings Launched VCTRADE, Its Own Cryptocurrency Exchange Platform, With Ripple (XRP) As The Main Asset

SBI Holdings has officially announced the launch of its own cryptocurrency exchange platform called VCTRADE, which is, in fact, the first cryptocurrency exchange platform provided by a bank. The platform will start trading with the 20,000 customers who registered in October last year, who will be able to trade with Ripple (XRP) in exchange for JPY in VCTRADE.

The company plans to extend its services to more customers from July and include other cryptocurrencies such as Bitcoin (BTC) or Bitcoin Cash (BCH).

According to the statement, the company completed the registration and fees required to operate this type of business on Japanese territory since September 2017 and has since worked to prepare for the launch of VCTRADE.

In October 2017, SBI Holdings allowed customers interested in crypto trading to register and, not surprisingly, more than 20,000 applications have been submitted.

SBI Holdings launched VCTRADE, its own cryptocurrency exchange platform, with 0 fees for XRP/JYP trading

For the XRP/JPY exchange, there will be no commissions as the SBI Holdings’ statement said. Also, fees for withdrawals will be charged at the time of making these types of transactions.

In terms of security and safety, the company will be backed by the Japanese Secom Trust Systems and both companies will collaborate for the management of the wallets for the VCTRADE exchange platform.

SBI Holdings had connections with the cryptocurrencies market before

In early March, the company sealed the purchase of 40% of CoolBitX, a Taiwanese company that owns the CoolWallet Bitcoin (BTC) wallet.

In addition, also in early March, the bank has canceled its collaboration with the Chinese startup Huobi, which, at first, announced they’d support SBI in launching its SBI Virtual Currencies.

On the other hand, SBI has been working with Ripple (XRP) since January 2016 to meet the growing demand for cryptocurrencies market services in Asia and put the basis a new company called SBI Ripple Asia which operates in Japan, China, Taiwan, Korea and the countries of the Association of Southeast Asian Nations (ASEAN).

Now, with the launch of its own cryptocurrency exchange platform, VCTRADE, SBI Holdings secures its position as a leader in the Asian cryptocurrencies market

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Crypto

Tron (TRX) Has Been Listed On Indodax, The Biggest Indoneasian Cryptocurrency Exchange Platform

Tron[TRX] is more than its mainnet, lately, as the TRON team is struggling fiercely to get the TRX where it belongs, namely, in the top. After Malta and Eastern Europe, now is the turn of Indonesia to accept Tron (TRX). More specifically, the Indonesian cryptocurrency exchange Indodax has listed Tron (TRX).

However, for the beginning, TRX will only be tradable against Indonesian Rupiah (IDR) and the TRX/IDR transactions will be available starting with tomorrow, June 4th, at 8 AM Indonesian local time. Additionally, the trading operations will commence the next day, June 5th, at 3 PM Indonesian local time.

Indodax cryptocurrency exchange has warmly embraced the TRX’s community members, stating the following:

Selamat Datang Tron (TRX) di Indodax – Welcome to Tron (TRX) at Indodax!

Tron (TRX) joins Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on Indodax cryptocurrency exchange platform

Indodax operates with the major cryptocurrencies, including Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH), among which Bitcoin (BTC) and Indonesian Rupiah (IDR) are traded in pairs. Indodax holds a market cap of about $23.5 billion, as reported by CoinMarketCap data, while Bitcoin (BTC), Tokenomy (TEN), and Storiqa (STQ) being the most traded crypto on the platform, as they are all paired with IDR.

Justin Sun, the founder and CEO of Tron (TRX) is very optimistic about the TRX addition on the Indonesian cryptocurrency exchange platform, Indodax, and announced the event in his characteristic manner:

#TRON has expanded to #Indonesia and can now trade with #TRX on our first Rupiah pairs $TRX/$Rp. More exchanges are coming! #TRONSR.

Justin Sun, founder/CEO of Tron (TRX), on Twitter

As we speak, Tron (TRX) is being traded and exchanged on 98 cryptocurrency exchange platforms all over the world, including some of the big players in this field such as Binance, Upbit, and Bithumb. However, Justin Sun has just announced that Tron community members should expect even more listings on other big cryptocurrency exchange operators.

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Crypto

Bittrex Cryptocurrency Exchange Introduces US Dollar Transactions For Institutional Investors

The CEO of Bittrex, Bill Shihara, announced that Bittrex will provide the facility for a number of its institutional investors to acquire cryptocurrency with US Dollars but only within a few US states.

To date, the Bittrex cryptocurrency exchange platform has only permitted exchanges between cryptocurrencies, without the possibility of trading in fiat money. To make this new service a reality, they concluded a banking deal with Signature Bank, a New York-based bank, that will be in charge of holding the company’s funds in USD.

As Bill Shihara informed on a Bloomberg interview he held on May 31st, he considers this settlement to be more than just a vow of trust to Bittrex, namely, a vote of confidence towards cryptocurrency.

It’s not just about banks being able to trust Bittrex. It’s about banks being able to rely on cryptocurrency in general. And I think this is really proving that cryptocurrency is just around the corner in terms of mass adoption.

Bill Shihara, the Bittrex CEO

Shihara believes that the new agreement with Signature Bank will attract more institutional investors the Bittrex cryptocurrency exchange platform

Shihara said the bank’s openness to partnering with Bittrex is not just an excellent chance to draw new institutional investors but is also a major milestone in upgrading the cryptocurrency exchange platform’s security protocols.

They want to make sure we have robust AML/KYC processes, that we have the right controls on our finances. They do background checks and everything.

Bill Shihara, the Bittrex CEO

The CEO also stated that Bittrex intended to provide USD transactions for a number of Bittrex clients since early February but they opted to wait until everything was perfectly planned and now since they dealt with Signature Bank from New York, the cryptocurrency exchange platform was able to introduce UDS transactions, a decision which is considered to attract more and more institutional investors.

Shihara had also indicated that because of the customers they handle, only institutional investors will be eligible for this type of transaction.

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Crypto

Ripple (XRP) Aims A Re-branding That Could Help XRP Boost By 200%

We were able to watch a Ripple (XRP) community event which culminated with a Snoop Dogg concert. But, that wasn’t the most significant aspect of the event. More interesting was the rebranding of Ripple and, as everybody knows, a change in a brand doesn’t occur without a good reason behind it. In Ripple (XRP) case, might be the desire to get on Coinbase cryptocurrency exchange. However, Ripple wants to rebrand itself, a fact which could boost XRP by 200%.

Ripple (XRP) & Coinbase

As we speak, the authorities are struggling to claim XRP as a security and some investors support the officials in this action.

Thus, Ripple team knows that the XRP will only be able to boost its value against the USD if it will get listed on big cryptocurrency exchange platforms. And, as it has been revealed in the latest news, Ripple is actually going after Coinbase.

But Coinbase cryptocurrency exchange and other major ones will not be interested in Ripple (XRP) as long as XRP has no legal status and is surrounded by turmoil.

This is why Ripple team re-thought its business and started to rebrand itself in order to increase the interest of big cryptocurrency exchange platforms in Ripple (XRP).

Ripple rebrand can help XRP boost by 200%

As reported on Bitcoin.com, Ripple wants to dissociate itself from its homonymous cryptocurrency in order to “de-securitize” the Ripple (XRP) crypto token.

The odds that XRP to be claimed as a security, in the conditions that Ripple holds the largest amounts of its crypto, are really big, thus, such a classification would have a substantial impact on the XRP price and its performance on the US stock exchanges. In this regard, Ripple would like to separate from XRP but could bump into more trouble in convincing people about the reliability of such a measure.

But, as XRP would become an asset on its own, a listing on one of the major cryptocurrency exchanges such as Coinbase, as well as on the US stock exchange, would bring more transactions, market cap, and value against the USD for the XRP. Thus, Ripple rebrand can help XRP boost by 200% only in the before-mentioned conditions.

Categories
Crypto

0x (ZRX) Might Eventually Get On Coinbase Cryptocurrency Exchange

0x (ZRX) is doing very well in the cryptocurrencies market, lately, where all the major crypto coins traded downward until recently today. Refusing to go with the stream, 0x (ZRX) has traded upward and is still pushing up. Even more, ZRX is on the verge to be listed on Coinbase cryptocurrency exchange.

What makes 0x (ZRX) get higher?

In April-May period, this cryptocurrency was among the best-performing digital assets in the world, ahead of the current downturn of the cryptocurrencies market, which slightly reduced today and cryptos trade “green” again.

The more ZRX gained, the more crypto enthusiasts started to wonder why is this crypto gaining so much lately.

At first, they thought it was thanks to the potential 0x (ZRX) listing on Coinbase, the biggest US-based cryptocurrency exchange. However, Coinbase didn’t add ZRX yet. Recently, however, the team behind 0x crypto made significant changes to one of the 0x platforms reigniting the beliefs that 0x (ZRX) is meant to be listed on Coinbase, definitely.

“Proud to build a more equitable future with our colleagues around the world,” stated the 0x team.

So, what makes ZRX grow is the fact that Coinbase acquired Paradex which is built on the 0x network. Furthermore, this Coinbase action triggered a very positive feedback within the 0x community which also helped ZRX increase.

0x (ZRX) Price

At the moment of this article, ZRX trades at $1.27 gaining about 3.44% in the last 24 hours.

On the other hand, 0x (ZRX) is on the 29th position within the cryptocurrencies market with a market cap of about $675 million.

ZRX might eventually get on Coinbase by the end of 2018

Ultimately, all the rumors talking about 0x (ZRX) listing on Coinbase might turn out to be true by the end of the year as this is a great moment for 0x as a whole, not only for its crypto.

Even more, 0x team enjoys the presence of three ex-employees of Coinbase who are working on implementing ZRX on the Coinbase cryptocurrency exchange platforms against the BTC, BCH, LTC, and ETH.

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