Webull to Expand Access to Crypto Futures
Through a collaboration with Coinbase Derivatives, licensed trading platform Webull has increased the scope of its cryptocurrency futures product line. On November 20, the digital investment platform and retail brokerage announced the development, stating that the integration gives U.S. retail traders access to future trading options for cryptocurrency. This comes after Webull started trading commodities […]
CEX.IO Improves Platform with Tighter Order Book
CEX.IO’s liquidity aggregation engine has been updated to provide access to more external liquidity sources. According to a press statement, the improvement reduces price fluctuations, tightens the order book, and offers almost zero spreads on most trading pairs. This results in more steady trading conditions and reduced transaction costs for traders. In this sense, liquidity […]
Sky Launches USDS Stablecoin on Solana
Sky, formerly known as Maker, introduced USDS stablecoin on Solana, as the network’s “first major Defi-native stablecoin.” A Nov. 19 announcement states that USDS is the first step in Sky’s plan to “increase Solana’s DeFi liquidity and TVL” and is anticipated to improve lending, borrowing, and trading on the network’s top DeFi platforms. The decentralized […]
FINMA Warns of Money Laundering Risks with Crypto
The Financial Market Supervisory Authority of Switzerland has warned about the dangers of cryptocurrency-related money laundering. According to the regulator’s 2024 Risk Monitor report, stablecoins and other cryptocurrencies are being used more frequently for cyberattacks, payments for illicit dark web activity, and avoiding sanctions associated with geopolitical events. Anti-money laundering measures have been made more […]
Hoth Therapeutics Approves Purchase of $1M Bitcoin
Nasdaq-listed Hoth Therapeutics has announced plans to purchase Bitcoin as a treasury reserve asset. On November 20, Hoth said that its board of directors authorized the purchase of $1 million worth of Bitcoin. Using Bitcoin as a reserve asset will make the biopharmaceutical company the most recent organization to do so. Despite being very minor […]