Coinbase Custody Exploring 39 Crypto’s Including DeFi Tokens for Listing

Coinbase continues to take its altcoins and DeFi listing spree one step further every other day. Today, the San Francisco-based exchange announced a slew of other tokens its exploring to add support for.

After adding FTX (FTT) and Serum (SRM), Coinbase Custody that offers features such as staking, governance, and decentralized finance (DeFi) and serves institutional clients across the Asia-Pacific region, announced a total of 39 new digital assets that are up for listing.

Coinbase’s crypto custodian has released the latest list of all the digital assets that it is exploring for listing, including some known DeFi tokens and some unknown ones that are heard for the time here only.

Aave (AAVE), Amp (AMP), Ampleforth (AMPL), Ankr (ANKR), ArCoin (ArCoin), Audius (AUDS), Barnbridge (BOND), BitTorrent Token (BTT), Centrifuge (RAD), Conflux Network (CFX), Curve (CRV), DFI.Money (YFII), Elrond Gold (EGLD), JUST (JST), JUST Stablecoin (USDJ), Meta (MTA), MovieBloc (MBL), mStable (MUSD), Neo (NEO), Nervos (CKB), Nexus Mutual (NXM), NKN (NKN), NuCypher (NU), Ontology (ONT), Paxos Gold (PAXG), Paxos Standard (PAX), Reserve (RSV), Reserve Rights (RSR), Request Network (REQ), Skale (SKL), SUN Token (SUN), tBTC (TBTC), Terra (LUNA), The Graph (GRT), Tron (TRX), VeChain (VET), WING (WING), WINK (WIN), and Wrapped Bitcoin (WBTC).

Some of these tokens like WBTC have already been supported on Coinbase’s other platform Coinbase Pro.

According to Coinbase, support for any digital asset is subject to its “significant technical and compliance review,” which in some cases may also be subject to regulatory approval in some jurisdictions.

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Author: AnTy

Coinbase Adds Wrapped Bitcoin (WBTC) & Custody Service to Support Filecoin (FIL)

In its DeFi listing spree, Coinbase Pro has added the popular and fast-growing Wrapped Bitcoin (WBTC).

The San Francisco-based exchange has taken to list all the hot and happening DeFi products, and WBTC, which has grown to become the third-largest DeFi project with nearly $1.2 billion in total value locked (TVL), is the latest one.

An Ethereum token, WBTC represents Bitcoin on the Ethereum blockchain, where 1 BTC can be converted to 1 WBTC and vice-versa. This protocol allows bitcoin holders to participate in the popular DeFi space.

WBTC listing is announced with two trading pairs, USD and BTC.

Starting Monday, Oct. 19, WBTC will be available in all Coinbase’s supported jurisdictions except New York state.

Recently, Coinbase has added support for the likes of Yearn.Finance (YFI), Balancer (BAL), Uniswap (UNI), UMA, REN, Loopring (LRC) BAND, Compound (COMP), Celo (CGLD), Numeraire, and OmiseGo (OMG) along with supporting additional European and UK order books.

Amidst this, the same day, Coinbase Custody also announced at-launch support for Filecoin (FIL), which after years of first coming into the market, finally launched its mainnet.

“We’re thrilled that Coinbase Custody is providing secure custody for FIL. Coinbase has a great track record of building new, innovative tools for its users,” said Juan Benet, Filecoin founder.

Filecoin is a decentralized storage network and marketplace where miners earn FIL tokens by renting open hard drive space, and clients pay them to store and retrieve their data.

Its testnet took off in China, and already “roughly $100M of storage hardware is humming on the testnet.”

“Buying hardware and converting it directly to crypto is key here,” said Muneeb Ali, co-founder of Blockstack.

Yesterday, the mainnet of the Filecoin network was launched at block 148,888, a number the team said signifies “prosperity for life” in Chinese, chosen “to honor the epic contribution by our Chinese mining community to Filecoin’s long-term success.”

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Author: AnTy

UMA Goes Live on Coinbase.com and Apps While Loopring (LRC) Surges on Coinbase Pro Listing

The price of LRC jumped 38% on the news that Coinbase Pro was listing Loopring.

The self-custodial Ethereum layer two solution, Loopring, will be supported in all of the San Francisco-based cryptocurrency exchange’s supported jurisdiction, except for New York state.

Today, Coinbase announced that on the coming Monday, users can transfer their LRC into the Coinbase Pro account ahead of trading.

The cryptocurrency, however, won’t be available on Coinbase.com or the exchange’s mobile apps yet.

LPC trading on Coinbase Pro will begin at 9 AM Pacific Time (PT) Tuesday, September 15.

In response, the 52nd largest cryptocurrency by market cap of $296 million jumped to $0.2875 and is currently trading at $0.253.

The zkRollup exchange and payment protocol recently saw traction after the DeFi mania pushed the fees on the Ethereum network to sky-high.

It’s zkRollup currently has more than 5000 accounts, but Loopring is “just getting started” as it says, “Layer 2 will bring Ethereum to the world, and the world to Ethereum.”

Keep those Altcoins, better yet, DeFi Tokens Coming

Coinbase, much like any other exchanges in the crypto space, has taken to list altcoins, and lately to capture the ongoing decentralized finance craze, DeFi tokens as well.

Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR), and OmiseGo (OMG) have been recent additions along with supporting additional European and UK order books.

Just this week, UMA-USD and UMA-BTC order books got into a full-trading mode.

Today, UMA is launching at Coinbase.com and its iOS and Android apps, which means users can buy, sell, convert, send, receive, or store UMA on the platform.

This Ethereum-based open-source protocol allows developers to design and create their own synthetic assets and financial contracts with the goal of creating universal market access (UMA).

A DeFi token with a market cap of $906 million that sits at 25th spot, UMA has also started gaining momentum as it trades at 16.81% with nearly 4% gains.

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Author: AnTy

Switzerland’s Six Stock Exchange Lists FiCAS Actively Managed Bitcoin ETP (BTCA)

Switzerland’s leading stock exchange, SIX, is listing an active crypto exchange-traded product (ETP) in a move that will increase digital asset exposure in the Zurich headquartered market. This new product will go by index ‘BTCA’ which derives from its full name, Bitcoin Capital Active ETP. Notably, the BTCA ETP will be issued by Bitcoin Capital AG while FiCAS, the Swiss-domiciled crypto investment firm, acts as the manager.

Ideally, this crypto ETP is meant to create more portfolio balancing positions in a world where digital assets account for over $300 billion in market cap as of press time. Built to be regulatory compliant, the BTCA ETP will expose investors to the top 15 digital assets, giving them an opportunity to actively rebalance their pool and exit positions through fiat.

Consequently, product managers will be able to execute these moves by exchanging BTC for other digital currencies including TRX, XTZ, LTC, EOS, BCH, XRP, and ETH. The main exit fiat currencies will be the U.S dollar, Euro, and Swiss Franc.

The BTCA ETP has been touted to be particularly different since it is not pegged on a single asset’s movement or basket of crypto indexes. Instead, this crypto-based ETP comprises of the digital assets highlighted above and can, therefore, be actively managed based on market fundamentals and technical price action. Some of the fundamental factors that FiCAS noted it would pay attention to are investor sentiment and issues such as a token’s liquidity or the value an underlying blockchain.

As for the technical price action, Ali Mizani Oskui, the founder of FiCAS, is confident of a trusted strategy that he has beaten the market since 2013,

“Personally, I have built my expertise in crypto trading since 2013, with a strong track record in outperforming the market. I look forward to bringing my trading experience to global and institutional markets with this pioneering product.”

This latest crypto-based listing on Six stock exchange adds to the likes of the Wisdom Tree Bitcoin ETP which launched back in December. Switzerland has generally been very progressive in the crypto space, making it an attractive destination for Security Token Offerings (STO’) and now crypto ETP’s are gradually following pace.

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Author: Edwin Munyui

Amidst DeFi Boom, Binance Lists Two New Hot DeFi Tokens Maker (MKR) & DAI

Leading spot cryptocurrency exchange Binance is listing MakerDAO’s governance token Maker (MKR) and stablecoin DAI.

The exchange is adding support for eight trading pairs viz. MKR/BNB, MKR/BTC, MKR/BUSD, MKR/USDT, DAI/BNB, DAI/BTC, DAI/BUSD, and DAI/USDT.

This is no surprise given the ongoing DeFi crazy. Binance has been increasingly adding support for these projects, and as we reported, Binance CEO Changepeng “CZ” Zhao is a “very strong proponent” of this sector. However, he did warn that they are “very inherent high risk” and doesn’t see an “overwhelmingly large proportion” of them succeeding.

The DeFi sector actually surpassed $3 billion in total value locked this week, after reaching $2 billion earlier this month only. The hot trend in the DeFi market is yield farming, which is trying to get the highest yield from DeFi products.

The decentralized credit platform built on Ethereum, Maker, is back to dominating the DeFi space at 20.90%, a substantial loss from over 50% up until the launch of COMP token, which momentarily even took Maker’s place.

Also, the majority of ETH, 2.7 million ETH, out of the total 3.9 million ETH locked in DeFi, are in Maker protocol. However, when it comes to DAI, it’s the third biggest protocol with the highest amount of DAI locked at 21 million after Uniswap and InstaDapp.

The 27th largest cryptocurrency by market cap is also enjoying gains today, up 22.50% trading at $572.

Binance’s MKR listing came after Coinbase listed the digital asset last month and DAI a month before that. Both the tokens are also supported on DEXs like Balancer and Uniswap.

The USD pegged stablecoin DAI has been seeing an increase in supply by over 40 million since July 17th, which again is likely due to high demand for it in the DeFi ecosystem. Currently, DAI has a 7.47% supply APY on Compound, 4% to 6% higher than either USDT or USDC.

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Author: AnTy

Hot DeFi Token, Which is Up Over 800% In the Past Year, is the Latest Addition on Binance

The new listing on Binance is the hot DeFi token Synthetix.

Binance is listing four trading pairs – SNX/BTC, SNX/BNB, SNX/BUSD, and SNX/USDT, which will be opened for trading today at 12:00 PM (UTC). Deposits are already open on the exchange.

Built on Ethereum, Synthetix is a token for minting and trading synthetic assets, including cryptos, equities, leveraged tokens, and other real-world assets on its network.

The token SNX is used to earn exchange fees for collateralizing the protocol and can also be staked.

The 28th largest cryptocurrency by market cap, SNX, is up 225% in the past month and more than 830% in the past year. Currently, it is trading at $2.92 in the green.

This token was created back in 2017 when it was initially named Havven. Founded by Kain Warwick, who is also the creator of an Australian crypto payment platform, this project raised about $30 million via Initial Coin Offering (ICO) in March 2018.

Before starting the month, Synthetix launched native binary options as part of its Acrux upgrade. These options are types of contracts that provide a fixed return based on a binary outcome in the future and payout on a specific date.

Its DeFi ecosystem consists of a decentralized exchange and Mintr where SNX stakers can mint and burn Synths to manage their collateralization ratio, track fluctuation in debt, and perform other activities on the network.

Currently, this project is the third biggest one in the DeFi space, as per DeFi Pulse.

The total amount of value locked in this application hit a new all-time high of $393.5 million today, which has been on an uptrend since March 2020.

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Author: AnTy

Binance Lists DigiByte (DGB) with ‘0 BNB’ Fee; “Big Win for the Future of True Decentralization”

Today, leading spot cryptocurrency exchange Binance announced that it is listing DigiByte (DBT) for “0 BNB.”

Trading for DGB/BTC, DGB/BNB, and DGB/BUSD pairs will be opened at 2:00 PM (UTC) on June 22nd, 2020.

“You asked for it, we listened. Had to filter through “some noise” on this one, lol. It would have happened sooner otherwise,” said Binance CEO Changpeng Zhao “CZ” about the listing.

In response to the listing, the price of DGB jumped 40% and is currently trading at $0.0217. The 34th largest cryptocurrency by market cap of $290 million is up 300% YTD but still down 85% from its all-time high.

Source: TradingView

DigiByte founder Jared Tate called this a “big win or everyone & the future of truly decentralized blockchain Tech.” He added,

“To my surprise & many others Binance freely listed DigiByte w/o any requests/ stipulations just as any exchange can do. No permission required. Thank you CZ, Binance team & DGB fam!”

DigiByte-twitter

Looks like Tate would be burying the hatchet now that DGB is listed on Binance after being in a months-long feud with Binance and CZ.

Just as recently as December, Tate has called CZ a “crook” along with Tron co-founder and CEO Justin Sun who acquired the cryptocurrency exchange Poloniex which then threatened to delist the cryptocurrency.

This feud first started in September when Tate took to Twitter to accuse Binance’s team of asking him $300,000 and 3% of all DGB to list the digital currency. But now, with “0 BNB” fees DGB is available for all the retail and institutional investors of Binance.

However, some are still questioning Binance’s move as the listing came just over a month after Tate announced that he is stepping down from handling the daily operations while accusing the crypto community of becoming “co-opted [and] eroded by greed.”

“Every day I see this tech being used to enrich the few at the expense of the long term good of the many,” he said at that time. He also warned that “the centralization of this industry will be its undoing if we let it.”

Ambroid-twitter-dgb-binance

“Was there pushback from Binance side towards the rest of the DGB team/inner circle? This might have been another hidden power move that shows how much influence Binance has over the cryptos listed on there,” questioned one Twitter user.

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Author: AnTy

Tether’s Gold-backed Stablecoin (XAU₮) Now Available For Futures Trading on Bitfinex, FTX

The crypto derivatives exchange FTX has announced the listing of Tether Gold (XAUT), whereas Bitfinex, the Tether’s company sister exchange, rolls out XAUT futures trading.

FTX users are now enabled for XAUT against the US dollar trading. Aside from the XAUT/USD pair they can use, they will also be able to buy and sell perpetual or quarterly expiring Tether Gold futures contracts. Starting today, Bitfinex users will be able to trade futures contracts on XAUT against Tether (USDT), the US dollar-pegged stablecoin.

iFinex Financial Technologies to Provide Trading on Bitfinex

Bitfinex made the announcement on Friday, saying that traders are now able to buy and sell up to 100x leverage assets at an established data and price in future. The service will be provided by an iFinex product division called iFinex Financial Technologies. iFinex is the parent company of Tether and Bitfinex.

Only certain jurisdictions will have the XAUT/USDT futures trading active, also verified users, even if Bitfinex doesn’t ask for accounts to be verified. The jurisdictions are the same with those mentioned on the Bitfinex official website. Venezuela, Syria, Iran, North Korea, Cuba and Crimea’s annexed regions’ residents are prohibited from using the service.

News Was Released After XAUT Hit the $21 Million Market Cap

Bitfinex says in its Friday announcement that this launch of futures contracts trading for XAUT will bring much more exposure to the asset. XAUT crossed the $21 million market cap on Wednesday, March 4, when it became the world’s biggest digital asset backed by gold and overtook PAX Gold (PAXG).

At the moment, XAUT’s market cap accounts for $26.8 million, whereas PAXG’s for around $18.7 million, says crypto tracker Etherscan. PAXG was launched a few months before XAUT, being the first crypto asset that could be redeemed in gold. XAUT came at the end of January 2020 and immediately rolled out trading on Bitfinex.

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Author: Oana Ularu

21Shares’ Short Bitcoin ETP (SBTC) Listed on German Stock Exchange, Boerse Stuttgart

On February 25, Boerse Stuttgart, the second-largest stock exchange in Germany, announced it had begun listing exchange-traded products (ETP) that are inversed with the Bitcoin’s (BTC) swings in price.

This Bitcoin ETP will be issued by 21Shares, the cryptocurrency fund manager previously known as Amun. It offers a positive return for investors whenever BTC prices fall, for a daily management fee.

Besides, it has already been listed on SIX Swiss Exchange, one of Switzerland’s most important stock markets. Through Boerse Stuttgart, which boasted €68.5 billion in trading volume in 2019, it’s expected to reach a wider base of investors.

German Investors Very Supportive of Crypto Offerings

According to The CEO, Hany Rashwan, 21Shares’ Short Bitcoin ETP (SBTC) has been developed thanks, in part, to the immense support of German investors towards crypto offerings previously.

Currently, SBTC trades in euro and is fully 1:1 hedged with the underlying asset that corresponds to it.

The ETP has also been provided with the WKN: A2781V German securities identification code. The 21Shares team has also announced its PD3 Prospectus Regulation approval by the Swedish Financial Supervisory Authority.

The company’s managing director made a statement in which he referred to this approval as a milestone for both the crypto and traditional investment communities; opening up crypto ETP products to institutional and retail clients not only from Germany but from all over Europe too.

Rashwan Aims at Offering a Regulated Asset in a Market Dominated by Unregulated Ones

Rashwan has said that while the demand for crypto derivatives growing, many of the options and futures products nowadays are built mostly in unregulated regions, causing both retail and institutional investors to be put off.

Back in 2019, when 21Shares was called Amun, it closed a partnership with Bitwise, the crypto asset manager, on a multi-crypto ETP that tracks the performance of up to 10 cryptos and their SIX Swiss Exchange listings.

In the past, Boerse Stuttgart closed a partnership with Axel Springer, the European digital publishing giant, and Finanzen.net, in order to launch a blockchain-based trading venue that rolls out a zero-fee trading app for crypto.

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Author: Oana Ularu

$80 Billion Asset Management Firm Files First Blockchain ETF With China’s Security Watchdog CSRC

The China Securities Regulatory Commission (CSRC) has received an exchange-traded fund (ETF) listing application for a project that tracks blockchain-based stocks as underlying assets.

Called the Penghua Shenzhen Stocks Blockchain ETF, the application was accepted on December 24 by the CSRC and was filed by the Shenzhen headquartered asset management company Penghua Fund. What the ETF is trying to do is track and reflect how public stocks listed in Shenzhen and having businesses running in the blockchain industry are performing.

The First Blockchain ETF in China

According to a Thursday Shanghai Securities News report, if the CSRC gives final approval for the application, China would have its very first blockchain ETF for public investors. The Penghua Shenzhen Stocks Blockchain ETF arrived at the same time with Shenzhen Stock Exchange rolling out a Blockchain 50 Index compromising of 50 stocks that are new in the blockchain space and listed on the exchange.

Ping An Bank, One of the Names on the Blockchain 50 Index List

In a December 24 announcement, Shenzhen Stock Exchange said the Blockchain 50 Index tracks companies involved with the blockchain ecosystem and selects the top 50 according to their market capitalization. Ping An Bank, together with software or internet companies that have entered crypto mining, like Wholeasy, are on the index list at the moment. Other big names include Zixin Pharmaceuticals and Midea Group, as the firms in the index reflect a wide cross-section of industries and have many specializations.

7 ETFs Currently Operating in the World

Penghua manages more than 564 billion yuan, which is approximately $80.79, in assets. It holds 10 investment portfolios for national social insurance, 150 public funds and 4 investment portfolios for basic pension insurance. If its blockchain ETF application gets approved, the company will join the list of 7 other blockchain ETFs and will be next to Invesco-Elwood’s fund, which is listed on the London Stock Exchange. A June analyze of ETFs’ performance this year noticed their value surged very rapidly from January to May.

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Author: Oana Ularu