3 Derivative Digital Asset Exchanges Transforming Crypto Investment

Cryptocurrencies are no longer a fringe financial instrument for its most ardent supporters. In 2019, digital assets are a prominent investment vehicle couched alongside stocks, bonds, and commodities, bringing both increased participation and higher valuations.
With the collective crypto market cap hovering around $300 billion, investors from all backgrounds with all different experience levels are pursuing digital asset investment. By most accounts, their efforts are being rewarded. The Wall Street Journal reports that 2019’s crypto rally has cryptocurrencies outperforming most other investment vehicles, including stocks, bonds, gold, and oil.
Interestingly, as institutional and individual interest in cryptocurrencies continues to grow, many aren’t looking to invest in cryptocurrencies directly. Instead, they are pursuing derivatives that allow them to bet on the value of crypto without owning the actual assets.
In many ways, a comprehensive derivatives market is indicative of the industry’s growth and maturity in the past several years as it reflects the advanced trading methodologies available to other traders in traditional markets.
Of course, not every platform offers derivatives, so investors looking to take advantage of these burgeoning markets need to find a place to invest.
Here are three derivative digital asset exchanges that are making this possible.

#1 BitMEX
BitMEX is a popular derivative exchange headquartered in Hong Kong. As a P2P crypto trading platform, its primary investment product tracks the price of Bitcoin against the US dollar; however, users can also establish derivative contracts on several other popular cryptocurrencies.
With BitMEX, users can leverage their Bitcoin with margin trading accounts that lets them open significant positions that are 100x on Bitcoin contracts and 50x on Ethereum. Most BitMEX products operate on three-month contracts, but users can hold their Bitcoin/USD contracts indefinitely.
The platform boasts a daily trading volume in excess of $3 billion, and, to bolster security, the platform keeps all of its funds in cold storage.
Currently, the platform is only available to users in the UK, China, South Korea, and Japan. Nonetheless, a probe by US regulators that’s investigating US users trading activity inspired record withdraws in July that totaled more than $500 million.

#2 ByBit
First launched in March 2018, ByBit offers a dynamic trading experience for its more than 100,000 users, and it provides broad usability for both novice and experienced traders. Co-founded by Ben Zhou and based in Singapore, ByBit has a global trading environment with users throughout North America, Europe, Russia, Japan, South Korea, and Southeast Asia.
The platform offers derivatives for several of the most prominent cryptocurrencies available today, including Bitcoin, Ether, EOS, and Ripple. Litecoin is expected to join the lineup soon.
Moreover, the platform’s powerful matching engine allows for 100,000 TPS per contract, a significant jump on industry norms, meaning users don’t have to worry about overloads of outages. With trading volume reaching $1 billion this June, that’s an important and distinguishing factor.
ByBit is the first crypto derivative exchange to integrate with TradingView, a social network for traders in various investment markets. Consequently, users can execute trades on ByBit directly from the TradingView platform.
With platform security being top-of-mind for many users, ByBit is prioritizing security and customer service. The platform uses a Hierarchical Deterministic Cold Wallet System to store its assets, and it offers 24/7 customer support to ensure that any pain points are continually addressed.
Like other platforms, ByBit derives revenue from a fee structure imposed on various transactions.

#3 Okex
First launched in 2017, Okex is a crypto exchange offering futures and options contracts for Bitcoin. Although it is a year older than ByBit, Okex is still getting started on comprehensive derivative offerings.
The platform has offices in Malta, and their services are widely available in more than 100 countries. While the platform targets both experienced and relatively novice traders, it’s futures features is geared toward veteran traders.
Its products have a varying fee structure that ranges between 0.15% and 0.2% depending on trading volume.
To prioritize security, Okex employes 2-factor authentication, mobile verification, and anti-phishing codes for every communication. Moreover, the platform features a customer support function to enhance the user experience on many fronts.
Closing Thoughts
Ultimately, as investor appetite for cryptocurrency derivatives soars, there is an inherent competition to carve out a niche by offering the most competitive and forward-thinking products possible. Each of these exchanges encapsulates that ethos, and their dynamic platforms are transforming the crypto investment space, making it more accessible and desirable for the burgeoning collection of crypto investors.
Currently, BitMEX appears to be leading the pack, but their recent controversy means that other platforms are positioned to gain significant market share. Therefore, ByBit’s rapidly growing user base and thorough derivatives offering make it an unquestioned rising star in this space. The platform will be pushed ahead by other exchanges like Okex that will ensure a competitive marketplace as the derivatives market continues to develop.
 
Image by Pete Linforth from Pixabay
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ICON Foundation Will Give Away 3 Million Tokens Towards Representative Elections

Blockchain interoperability network ICON has announced a token giveaway in the run-up to its eagerly anticipated community elections. 3 million ICX tokens (about ~$600,000 USD) will be disbursed to members of the ICON community throughout the pre-voting period, which commences on August 26.
Scheduled to run for 30 days, ICON’s pre-voting period is designed to familiarize its community with the staking and voting process which is at the heart of the project’s decentralization process. In return for their participation, community members will receive a share of the 3 million ICX tokens that have been earmarked. Because ownership of tokens carries governance rights, the giveaway will also help to dilute the holdings of the ICON Foundation, further distributing the decision-making process and reducing the power of major stakeholders.
“We are very excited about the upcoming P-Rep elections,” said Min Kim, Council Member and Founder at the ICON Foundation. “We have been working on it together with the community for a long time. With the giveaway, we expect not just to re-distribute 3 million ICX for better decentralization and voting capabilities, but we also hope to encourage current ICX holders and ICON community members to transfer their coins to the ICONex wallet, so they can properly stake and participate in the upcoming P-Rep elections.”
One chain to unite them all
ICON is one of the first crypto projects to focus on interoperability, having launched in September 2017. Finding a way for blockchains to “talk” to one another has become one of the greatest challenges faced by developers as the number of crypto protocols has proliferated. Since ICON’s launch, a string of similarly focused projects have followed suit including Wanchain and LiquidApps. ICON has achieved the most headway so far in this regard, particularly in growing an active community, whose votes will determine the election of 22 Main Public Representatives (P-Reps).
Use cases for ICON’s technology include providing a framework for different chains operated by businesses such as hospitals, insurance companies, and NGOs to communicate with one another. Each chain will have the power to create its own system of governance, with ICON’s interchain technology facilitating the exchange of assets. Essentially a blockchain of blockchains, ICO relies on loopring technology that enables multiple channels to be created, each equipped with smart contract functionality and high throughput, allowing transactions to be settled in near real-time.
The many faces of blockchain governance
After solving the interoperability problem, blockchain governance has proven to be one of the greatest challenges facing the designers of crypto networks. Opinion remains divided over the best way to maximize stakeholder voting and community engagement. Some figures, such as analyst Nic Carter, believe the governance problem will never be satisfactorily solved, and that low voter turnout is inevitable. Others are more bullish, however, pointing to the success of projects such as Dash, whose masternode voting system has been emulated by the likes of Decred and Horizen, as proof.
For community members interested in participating in ICON’s forthcoming elections, be it for altruistic or financial reasons, a detailed tutorial on the staking and delegating process has been provided. Candidates seeking to be elected as P-Reps have also created videos outlining their case for inclusion. Through democratizing the decision-making process, projects such as ICON aim to boost community engagement, while adding further utility to their native token, giving holders an added incentive to participate. When voting commences on August 26, ICON token-holders will have the opportunity to vote for up to 10 P-Reps, and to decide how much staked ICX they wish to delegate to each one.
 
 
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Driven by Market Demand, UltrAlpha Introduces Professional Asset Management Services to Digital Asset Space

UltrAlpha, a professional digital asset management service platform, announced the public sale of its native platform token (UAT) starting from August 12, 2019. With Han Liu, former VP at a $200B+ hedge fund giant as CEO, and Christina Jin, Co-founder of Ankr Network as CMO, UltrAlpha is designed to leverage the deep experience from both traditional finance and blockchain industries, and bring in a broad range of investment/trading products as well as fund admin services to different participants in the digital asset management market.

Asset Management – Increasing Market Demand in Digital Asset Space

Asset management typically refers to the management of investments on behalf of others.  Factoring into investors’ investment objectives, horizon and their risk tolerance, the process in principle is designed to optimize asset allocation and achieve investment value appreciation over a certain period of time while mitigating risk.
With the global policy development and adoption of digital assets underway, more professional asset management institutions are entering the digital asset trading market with different trading and investment strategies. In the meantime, more investors are contemplating on how to deploy their capital into this new asset class. However, due to the lack of formal broker-dealer structure in the digital asset industry, potential investors have limited access to good digital asset financial products for their investment needs. For digital asset trading teams or investment firms, it is also challenging for them to identify and reach out to the right investors for fundraising. As a result, there is a strong market demand for professional digital asset management service platform to not only give the potential investors a list of quality products or strategies for their selection but also effectively support fundraising and other fund admin services required by digital asset managers like trading teams and funds.

UltrAlpha (UAT) – Multi-service Platform Built upon Robust Infrastructure and Deep Understanding of Client Needs

Under current market conditions, digital asset exchanges are probably the most effective among all market participants to connect and serve both trading clients and investors. Built upon deep strategic collaboration with  top tier digital asset trading platforms and brokers, UltrAplha is launching a professional investment management service platform aiming to provide potential investors with access to quality products based on their risk/return needs as well as  trading teams and digital asset managers with a variety of fund admin services, including but not limited to account management, performance auditing, PL reporting, asset transfer, etc.
As a professional digital asset management service platform, the UltrAlpha team have made its core mission to build out a multi-service platform based on process efficiency, robust infrastructure, and deep understanding of client needs and goals.
UAT platform’s comprehensive service offering to trading/asset management teams:

Work with all the professional asset management and trading teams to coordinate the launch of their investment/trading products.
Seek to open up all those products to top-tier digital asset exchanges or trading platforms.
A series of professional fund admin services, ranging from account management, performance audit to PL reporting as well as various other administrative support services per request.

UAT platform’s comprehensive service offering to fund investors:

Conduct independent due diligence (“DD”) on asset management fund and share DD result per request.
Provide wallet management service for each investment product to safeguard client asset. Conduct fund performance audit and PL reporting for each investment product.
Investors can utilize and consume UAT token on the platform for any inquiry, transfer, redemption and other administrative operational services on an ad-hoc basis.
The activities of the UAT platform are of a supporting service nature, solely restricted to connecting trading teams/funds with their end customers, and shall not carry out any fund/securities management, financial advisory, investment, brokerage, deposit-taking or banking activities.

Seasoned Team Building Unique Ecosystem with Innovative Token Economics

UltrAlpha’s core teams of technology and operations come from traditional finance, Internet and Blockchain industries with solid experience in quant modeling, infrastructure buildout and digital asset trading operations.
Computer science major from Carnegie Mellon University, Han Liu, CEO of UltrAlpha, has developed his successful career in traditional asset management industry from BlackRock to AQR Capital Management specializing in institutional application and platform development. Christina Jin, CMO of UltrAlpha, graduated from University of Auckland and New York University, with a degree in Digital Marketing. Christina co-founded Ankr Network and was nominated as the first CMO of Ankr project.
Furthermore, the UltrAlpha team has introduced the platform native utility token, UAT, and integrated into the platform ecosystem to facilitate payment and incentive programs for all the services between the participants on the UAT platform. Dr. George Cao, Co-founder & CEO of BitMax.io (BTMX.io),  shared his expertise and provided critical strategic advice on the overall design of token economics and model. BitMax.io has been widely recognized by the industry for its very first introduction of the “Transaction-mining & Reverse-mining” mechanism and has successfully established itself as the leading digital asset trading platform. Its highly reputable token economics has built-in incentive mechanisms, including reverse-mining and token consumption to balance the demand and supply and the design of Data Usage Reward Distribution Pool that supports longer-term token value. (Please note that BitMax.io and UltrAlpha are completely two separate businesses).
Conclusion
In summary, the launch of UltrAlpha is a promising indicator where the digital asset industry is further building out the necessary market components to serve dynamic changing needs and support longer-term industry growth. By connecting potential investors with digital asset managers and providing value-added services over the robust and transparent platform, UltrAlpha has clearly set a new standard for a professional service provider in the expansion and development of this new digital asset management space.
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Wanchain Partners with Malaysian E-commerce Giant PUC Berhad on Enterprise Solutions

Wanchain – the blockchain project that seeks to build the future of digital finance through blockchain-to-blockchain interoperability, has just announced that it has formed a partnership with Malaysian eCommerce leader and digital creator, PUC Berhad.
The company – which is publicly listed in Malaysia, is behind a number of well-known ventures such as online eCommerce hub PrestoMall, and Presto Super App.
The news once again reaffirms Wanchain’s long-term vision of bridging the gap between real-world companies and blockchain integration.
Loyalty points, credit scoring and more
The newly formed partnership will see Wanchain act as the core provider for PUC Berhad’s long-term blockchain strategy. Through Wanchain’s enterprise solution initiative, PUC Berhad will be able to use the project’s private chain for a number of key business objectives.
For example, the blockchain integration will allow PUC Berhad to facilitate decentralized credit scoring. This is an area of decentralization that has excited the cryptocurrency community for some time now, with the underlying technology able to execute secure identity and credit scoring tasks while at the same time, enable consumers to retain full control over their sensitive financial data.
On top of credit scoring, PUC Berhad will also be looking to apply a tokenization strategy to its loyalty point system. This will allow the company to distribute loyalty points via the blockchain with ease, in a cost-effective and fully transparent manner.
Facilitating Microlending for PUC Berhad
A further, and perhaps even more interesting opportunity that the partnership will yield is that of PUC Berhad’s ambition to engage in microlending. This is something that blockchain technology is highly suited for, especially when one considers the low-cost and fast processing times that cryptocurrencies offer.
Ordinarily, microlending via fiat currency is a highly challenging arena for lenders, not least because fees often outweigh the actual cost of the loan itself – subsequently making it unviable.
When asked about the partnership, Kenneth Hiew – Group Chief Commercial Officer at PUC Berhad, was quoted as saying: “A partnership with Wanchain will strengthen our position in the blockchain vertical as we look to incorporate this groundbreaking technology in various aspects of our business. We look forward to working together to bring added efficiencies, customer offerings, and other benefits to PUC’s ecosystem.”
Outside of its proprietary Presto Mall online marketplace and Presto Super App, PUC Berhad is also involved in a number of other key sectors. This includes a strong foothold in payment solutions and media services, and ongoing research and development of innovative financial technologies, digital imaging, and artificial intelligence.
Wanchain CEO Hints That Further Partnerships are in the Making
Hinting at further impending partnerships with conventional offline sectors, Jack Lu – Wanchain Founder and CEO, noted that “The partnership with PUC is only the first of several upcoming cooperations between Wanchain and traditional companies looking to integrate blockchain into their businesses, and is significant not only for the Wanchain organization, but for the greater adoption and use of blockchain worldwide.”
Lu continued to add that the project aims to become the “go-to blockchain for businesses looking to take advantage of the uniquely powerful benefits blockchain brings.”
All-in-all, partnerships with traditional organizations – especially those with a publicly listed status, are crucial for global adoption of blockchain technology. As such, it is hoped that the cryptocurrency community is accustomed to further real-world partnerships in the coming months.
 
 
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CC Forum Investment in Blockchain and AI

14-16 October 2019 will see one of the world’s major industry events.  Following our highly successful inaugural edition in London last October, as well as our joint edition with the Maltese partners this May, the second edition of CC Forum London, will connect global thought leaders, policymakers, investors and startups from across the world for […]
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ILCoin Launches the World’s First Entirely On-Chain Decentralized Storage Platform Next Year

The advent of blockchain technology has brought with it the promise of a technological revolution. According to proponents, entire industries could be impacted, or disrupted altogether, by blockchain technology. While there is merit to this claim, many blockchain-based services in the world today handle a lot of data off-chain to bypass technical limitations. Thanks to […]
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HPB, the first public chain to join major Chinese multi-platform credits & rewards point system

HPB has landed a milestone partnership with Shanghai Youwan connect its mobile games and the HPB Wallet to expand the connected ecosystems of both parties. This new partnership will bring many new games to the HPB platform, and integrate HPB into their network of apps and companies in which HPB coins and the blockchain itself will […]
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A Lesson in History – How Crypto Exchange Security Has Moved on Since Mt. Gox

The beginning of the Bitcoin revolution also gave birth to the concept of cryptocurrency exchanges, which offered a way for people to convert their fiat to bitcoin by purchasing the cryptocurrency on them. One of the first movers in this segment was Mt. Gox.
Mt. Gox, with a “rich history”, at one point stood to be the largest cryptocurrency exchange of that time, with users from across the world using its services. However, it didn’t stay that way for long. The first huge bitcoin rally, which witnessed the price crossing $1000 mark for the very first time also eventually led to the downfall of the giant. Since then, the case of rise and fall of Mt. Gox has become a prime learning example of how not to run a cryptocurrency exchange business.
After an extensive investigation of Mt. Gox following the reports of hacking incidents indicated multiple failures, in terms of cybersecurity as well as accountability of users’ funds. Following the aftermath of the Mt. Gox hack, the price of Bitcoin fell from an all-time high of that period and took a long time to recover. Subsequent investigations revealed that in addition to multiple hacking incidents, the CEO of Mt. Gox funneled the user’s funds to his other companies and also spent that money for personal expenses.
While Mt. Gox fiasco was the first of its kind to rock the cryptocurrency industry, there have been numerous cases of mismanagement and hacking incidents affecting various other exchanges as well, in most such cases, the users and investors on those platforms bore the burnt, and incurred huge losses. Since then, people have become overtly cautious when it comes to choosing the right platform and they are right to do so.
Analysis of all these cases shows the same result – The need for accountability among the exchange promoters and state-of-the-art cybersecurity with multiple failsafe. Learning from these experiences, newer exchanges have started focusing more on the security and the upcoming regulations in crypto sector across various geographies have made licensing mandatory to operate a cryptocurrency exchange or trading platform. By doing so, they hold the owners of these platforms accountable for mismanagement or loss of public’s hard-earned money due to negligence or factors other than regular operations.
Decentralized and Hybrid Exchanges
In order to build trust and ensure compliance, exchange platforms have taken different routes, all the while ensuring high levels of cyber security. Decentralized and Hybrid exchanges are a result of this evolution. While decentralized exchanges seem to be the perfect answer when it comes to security as users will hold the keys to their wallets and are responsible for safekeeping of their funds, they miss out on the compliance part as there is no centralized structure to ensure the implementation of satisfactory KYC and AML measures. Without fulfilling these requirements, these exchanges are not eligible to receive the necessary licenses which force them to operate in the regulatory grey area, which by some jurisdictions can be construed as illegal.
Hybrid exchanges, on the other hand, are more practical as they ensure a certain degree of decentralization, allowing users to maintain control over their funds while the centralized features allow conformity with the law of the land. Centralized management of user accounts and records will enable these crypto platforms to maintain AML and KYC compliance and also secure financial licenses on-par with traditional or new-age banking, finance and insurance enterprises. Armed with the required license, they can offer services well within the boundaries of the law and build trust among the crypto community.
Security is the Key
Irrespective of the nature of exchange platform, the only way to avoid a re-run of Mt. Gox scenario is to factor in all kinds of cyber threats as well as possible manipulation by the employees and design security measures to thwart any such attempt. A good example for the hybrid approach with Fort Knox like security is the relatively new CODEX crypto and digital asset exchange. The platform is armed with industry standard security protocols like 2-factor authentication, EDDSA API authentication, Login alerts and more.
In addition, CODEX also implements SCATTER multiplatform wallet with inbuilt RIDL mechanism that detects the presence of potentially malicious applications to prevent data leakage. Also, the presence of PCI-DSS compliant payment gateway ensures secure handling of credit card information. Further, the security infrastructure of CODEX has undergone successful audit by Hacken and found to be more than adequate to ensure high levels of security to users and funds held on the platform. The combination of CODEX’s security features and official financial licenses (FVR000169 and FRK000141) turns it into a benchmark for new exchanges. And that’s not all, the CODEX platform also ensures transparency of its operations by voluntarily sharing data with CER, which includes the exchange’s wallet addresses for validation and Proof of Funds CERtification. By doing so, CODEX joins the likes of Huobi, Kraken, Bitfinex, Gemini and more which have all been granted the CERtified status on CER platform confirming their position on the top of the Blockchain Balance Rating. These ratings not only help verify the financial health of platforms but also sends a message to the community saying the company is reliable and means serious business. CER and Hacken are also CoinMarketCap’s DATA partners.
Apart from CODEX, there are other platforms like Coinbase, Binance, Bittrex etc. who claim to follow the highest security standards. However, it is to be noted that there is no sure way of knowing whether an exchange is “unhackable” or not, as only in an event of a security breach will one know the limitations of their respective security infrastructure. But so far, the industry has learned its lesson from the likes of Mt. Gox and there hasn’t been a repeat of such catastrophic incidents in recent times.
Image by Gerd Altmann from Pixabay
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Malta A.I. & Blockchain Summit looks to shape the future

SiGMA Group has announced that the winter edition of Malta A.I. & Blockchain Summit will take place 7th and 8th November 2019, at the InterContinental Arena Conference Centre, St Julian’s, Malta, marking the second event in 2019 for the successful expo. Following the sold out, AIBC show at the Malta Hilton in May this year, […]
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Can Blockchain solutions cure healthcare woes?

Blockchain has been the buzzword in the tech industry for the past few years since Bitcoin and other cryptocurrencies have surpassed other assets in terms of value. Bitcoin seems to satisfy one use case and sticks to it while other projects have forked, built and innovated on Bitcoin’s core promise of a decentralized, trust-less environment […]
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Do ICO’s keep their promises? Analyzing the roadmaps of 2018’s ICOs

The year of 2018 gave birth to a myriad of new blockchain projects, of which many chose the route of an Initial Coin Offering [ICO] to get funded. When examining the substantial number of ICOs that emerged during the past year, you obviously stumble across thousands of ICOs which promised to provide creative solutions to […]
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ABBC proudly unveils Buyaladdin in Rockefeller Center, New York

ABBC foundation is proud to announce the Buyaladdin shopping platform. Buyaladdin is truly the next generation e-commerce app that will revolutionize mediums of exchange and prove to be a stepping stone in making cryptocurrency mainstream. We are honored with the privilege to make this innovational announcement in Rockefeller Center, New York on July 16, 2019. […]
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BNB Token Now Listed on BQT Exchange

New decentralized exchange offering BQT has broken with the tradition of crypto exchanges by choosing Binance’s BNB token as its first-ever listing.
While most exchanges shoot straight for BTC, BQT exchange is starting as it means to go on. It intends to offer a carefully curated mix of coins selected for their ability to draw in buyers and sellers, thereby creating liquidity.
Naturally, BQT listed also BTC, ETH, and other 42 different pairs. However, according to a Medium post issued by BQT’s founder: “BNB emerges from the pile because of the BQT team’s abiding trust in its issuer, Binance. We simply respect how they do business in crypto.”
The announcement of the listing earned BQT a tweet of appreciation from Binance’s founder Changpeng Zhao, known as CZ. While BQT is certainly a smaller exchange than Binance, it’s great news for CZ that his exchange’s token is now gaining traction outside of the exchange itself. It caps off a stellar first two years for the BNB token, and for blockchain’s fastest-growing unicorn.

BNB – Bulls Not Bears
The decision of BQT’s management to list the BNB token is hardly surprising, given its success to date. During the first half of 2018 when the rest of the crypto markets were plummeting, BNB bucked the trend, rising from a market cap of $800 million in February to over $1.8 billion in July.
BNB offers genuine utility in the form of discounts for traders on the Binance exchange. However, these discounts undergo a “halving” every twelve months, so Binance has implemented a buyback-and-burn policy as part of its tokenomic strategy. Increasing the scarcity of BNB thus helps to drive up demand.
At first appearance, the steady halving of trading discounts may appear to erode the value of BNB. After five years, owning BNB will no longer yield any discount at all. However, Binance has been working diligently to expand its footprint, having now launched the Binance blockchain and the associated decentralized exchange.
The BNB token is the means of accessing the Binance DEX, pushing its utility even further. However, having it listed on an outside exchange is a clear indicator of the token’s value even beyond pure utility.
Ever-Expanding Ecosystem
Another reason for the success of the BNB token, and for Binance’s meteoric growth, is the tireless efforts of the exchange’s team in bringing new features and functionality to the exchange. The Binance chain and DEX are among these; however, there is plenty more besides.
In 2017, Binance opened up its Launchpad program, pioneering the concept of the initial exchange offering (IEO). Since that time, it has been responsible for some of the biggest and best-known IEOs, including Bittorrent and Fetch.AI.
In 2018, the company started its fiat on-ramping activities, opening up exchanges in Malta and Uganda. It also launched its branch supporting charitable initiatives, Binance Charity, and its educational arm, the Binance Academy.
So far, 2019 has seen even more developments. The company has recently launched its margin trading feature under a new user interface dubbed Binance 2.0. A futures trading platform looks set to follow before the end of the year after testing started recently.
A local fiat-to-crypto exchange has now launched in Singapore, and the company has confirmed its plans to do the same in the US. News of the latter emerged after Binance recently began geo-blocking US users as a means of appeasing regulators.
What About BQT?
It may seem surprising that a new decentralized exchange would list the token of a bigger, centralized competitor. However, with all that Binance has to offer, it makes sense that BQT would want to list such a highly successful token. Furthermore, BQT is operating in the very spirit of decentralization, by recognizing the crypto exchange space is an ecosystem, not a monopoly.
If any further argument were needed, BQT is offering a different set of features to users compared to Binance. Users of BQT will have access to social trading features, so that newcomers can benefit from the tips and strategies of more experienced traders. It has also opened up the BQT University, offering certified courses in blockchain and cryptocurrency trading for users of all experience levels.

BNB is far from the only token on the exchange — a total of 46 trading pairs have been selected for listing. BQT traders will soon also be able to hedge their crypto holdings to obtain leverage, enabling them to trade on margin without borrowing funds from the exchange itself.
Given the challenges for new DEXs in attaining liquidity, BQT has the right idea by selecting a highly liquid token like BNB to be among its first. CZ himself welcomes new exchanges and supports a thriving ecosystem. Therefore, there’s no reason why any new exchange shouldn’t avail itself of “the Binance effect.”
 
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Liechtenstein Financial Market Authority Approves State-of-the-Art Tokenized Real Estate Investment Product

CROWDLITOKEN AG pioneers and starts distribution of a digital bond for benefiting European retail investors as well. For the first time in Europe, the Liechtenstein Financial Market Authority [FMA] has approved the offering prospectus for a tokenized real estate investment product. CROWDLITOKEN AG is thus a pioneer for new financial innovations. The Security Token Offering […]
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World’s First Digital Currency Created at the Royal Mint

Cryptocurrency temtum minted and stored in the Royal Mint vault ahead of global launch with CoinAll on 17th July A new era of finance has arrived, as this week temtum used the Royal Mint to produce the next generation of currency in the form of cryptocurrency, temtum [TEM]. In a world-first, Founder and CEO of digital […]
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