HashKey Exchange, Hong Kong’s first licensed crypto exchange is now live

https://www.cryptoninjas.net/2023/08/28/hashkey-exchange-hong-kongs-first-licensed-crypto-exchange-is-now-live/

HashKey Exchange, the first licensed retail virtual asset exchange, announces its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey Exchange held the grand launch in Hong Kong. Direct USD and HKD transfers from bank accounts are supported.

The exchange, which received approval back in November of 2022 has officially launched a zero trading fee promotion, effective immediately, offering all customers zero commission trading on all transactions. 

Setting Sail in the Web3 Era in Hong Kong

The HashKey Exchange Grand Launch was successfully held today at the Maritime Museum Central, Hong Kong. Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, Dr. Jimmy Chiang, Associate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Association delivered their speeches, extending their congratulations to HashKey Exchange for its official launch and offering insights into the development of the Web3 industry in Hong Kong.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, announced the official launch of HashKey Exchange and its retail trading services. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished guests in turning the symbolic “helm,” marking the start of Hong Kong’s Web3 era. Speeches were delivered by Mr. Ronald Lu, CEO ZA Bank, Mr. Thomas Crasti, Partner at PwC, and Mr. Zhang Sizheng, CEO of AIA Hong Kong.

Hong Kong’s First Licensed Retail Virtual Asset Exchange is Live Now

Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance trading system, the “HEX Engine,” supporting 5,000 transactions per second (TPS) to deliver a more stable, faster, and user-friendly trading experience. Weng also announced a comprehensive upgrade to institutional business solutions, offering robust API interfaces and enhanced account management features (including the Omnibus Account) to provide brokerage and institutional clients with deeper trading liquidity and smoother experiences.

As a licensed entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has devoted substantial resources to establishing a native compliance product framework. Covering a comprehensive spectrum including user admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and intellectual property (IP) oversight, creating a complete regulatory closed-loop system. This system spans the entirety of internal operational processes, ensuring a robust compliance safeguard for investors.

HashKey Exchange Key Features

  • Fiat Currency Deposits and Withdrawals: In partnership with leading commercial banks, we offer USD/HKD fiat currency deposit and withdrawal services, allowing direct transfers between bank accounts and HashKey fiat accounts.
  • Fiat Trading Pairs: Providing retail customers with fiat trading pairs such as BTC/USD and ETH/USD, with plans to support additional fiat currencies and pairs, including HKD in the future.
  • Licensed Custody: Independent licensed custody system subject to regular inspections by the securities regulators. We hold a TCSP (Trust or Company Service Provider) license.
  • Cold and Hot Wallet Separation: 98% of digital assets are stored in cold wallets and 2% in hot wallets, ensuring the security of the majority of assets.
  • Asset Insurance: HashKey Exchange pioneers in the industry by introducing professional insurance institutions to provide insurance for client assets under custody.
  • Authoritative Auditing: The platform strictly adheres to regulatory requirements, undergoing audits and compliance checks by the Big 4 accounting firms, fully complies with various regulatory provisions, establishing itself as one of the most secure exchanges globally.

HashKey Exchange is currently operating 24/7, strictly adhering to the SFC’s user registration and KYC requirements. The platform supports USD and HKD fiat deposits and withdrawals, offers trading pairs like BTC/USD, ETH/USD, and plans to introduce more virtual asset pairs following regulatory guidelines.

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BITmarkets – Spot, Futures, Margin Trading with 100+ Cryptocurrencies

https://www.cryptoninjas.net/2023/08/28/bitmarkets-spot-futures-margin-trading-with-100-cryptocurrencies/

Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot trading, futures trading, and margin trading. Whether you’re a seasoned trader or just starting your cryptocurrency journey, BITmarkets has something for everyone. So, let’s dive in and discover what makes BITmarkets a top choice in the crypto trading industry.

What is BITmarkets?

BITmarkets is a prominent cryptocurrency exchange that provides a platform for buying, selling, and trading over 100 cryptocurrencies. The BITmarkets exchange offers a user-friendly interface, advanced trading tools, and a secure environment for traders to execute their transactions efficiently. BITmarkets caters to both individual traders and institutional clients, providing a comprehensive suite of trading options to meet their diverse needs.

Spot trading | BITmarkets

Spot Trading on BITmarkets

Spot trading is one of the primary features offered by BITmarkets. It involves the purchase or sale of cryptocurrencies for immediate settlement, at the current market price. This allows traders to take advantage of short-term price movements and capitalize on market opportunities. BITmarkets offers a wide range of cryptocurrencies for spot trading, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known altcoins.

Benefits of Spot Trading

Spot trading on BITmarkets offers several benefits for traders:

  1. Immediate Settlement: Spot trading allows for instant execution of trades, ensuring that traders can quickly take advantage of market movements.
  2. Market Price Exposure: By trading at the current market price, traders have direct exposure to the underlying asset and can benefit from its price fluctuations.
  3. Wide Range of Cryptocurrencies: BITmarkets offers an extensive selection of cryptocurrencies for spot trading, providing traders with ample choices to diversify their portfolios.
  4. User-Friendly Interface: The platform’s intuitive interface makes it easy for traders to navigate, execute trades, and monitor their positions.

Futures Trading on BITmarkets

In addition to spot trading, BITmarkets also offers futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future. This feature enables traders to take both long and short positions, depending on their market outlook.

How Does Futures Trading Work?

Futures trading on BITmarkets operates through the use of derivatives known as futures contracts. These contracts specify the quantity, price, and delivery date of the underlying cryptocurrency. Traders can profit from futures trading by accurately predicting the future price movements of the asset.

Advantages of Futures Trading

Futures trading on BITmarkets provides traders with several advantages:

  1. Leverage: BITmarkets offers leverage options, allowing traders to amplify their positions and potentially increase their profits.
  2. Hedging: Futures contracts can be used as a risk management tool to hedge against adverse price movements in the cryptocurrency market.
  3. 24/7 Market Access: BITmarkets provides round-the-clock trading, allowing traders to take advantage of market opportunities at any time, regardless of their geographical location.
  4. Price Discovery: Futures trading facilitates price discovery by providing a transparent marketplace for buyers and sellers to determine the future value of cryptocurrencies.

Margin Trading on BITmarkets

Margin trading is a feature that allows traders to borrow funds to increase their trading position. BITmarkets offers margin trading options, giving traders the opportunity to amplify their potential profits. However, it’s important to note that margin trading also carries increased risk, as losses can exceed the initial investment.

How Does Margin Trading Work?

Margin trading on BITmarkets involves borrowing funds from the exchange or other traders to increase the size of a trading position. Traders can choose the leverage ratio they wish to use, which determines the amount of borrowed funds relative to their own capital.

Benefits and Risks of Margin Trading

Margin trading offers several benefits and risks that traders should consider:

  1. Increased Profit Potential: By leveraging their positions, traders can amplify their potential profits if the market moves in their favor.
  2. Diversification: Margin trading allows traders to access a wider range of trading opportunities, as they can allocate their capital across multiple positions.
  3. Risk of Losses: Margin trading carries a higher risk, as losses can exceed the initial investment. Traders must carefully manage their margin positions to avoid significant losses.
  4. Margin Calls: If the value of a trader’s position declines significantly, they may be required to add additional funds to meet margin requirements or risk having their position liquidated.

Security and Regulation

BITmarkets prioritizes the security of its users’ funds and personal information. The exchange implements robust security measures, including two-factor authentication, encryption protocols, and cold storage for cryptocurrencies. Additionally, BITmarkets complies with relevant regulations and undergoes regular audits to ensure compliance and maintain trust with its users.

More Features

– Local support in more than 15 languages
– Users can deposit via SWIFT, SEPA, Credit Card, RepeePay, deluxepay365, growpayments, and VNPAY
– Recent recipients of multiple awards
– Deposit to margin feature
– Learn about the basics of crypto trading on the BITmarkets Academy
– The exchange offers the native BITmarkets Token (BTMT) which includes special exchange benefits

Conclusion

BITmarkets is a top-tier cryptocurrency exchange that offers a comprehensive suite of trading options for both retail traders and corporate clients. With features like spot trading, futures trading, and margin trading, BITmarkets provides a diverse range of opportunities for traders to capitalize on the cryptocurrency market. The exchange’s user-friendly interface, mobile platforms, advanced trading tools, and commitment to security make it an ideal choice for traders at all levels of experience. So, whether you’re a seasoned trader or just starting your crypto journey, BITmarkets has the tools and resources to help you succeed in the dynamic world of cryptocurrency trading, check out the exchange by clicking here.

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Adenasoft launches new crypto exchange white label solution: ACE

https://www.cryptoninjas.net/2023/06/27/adenasoft-launches-new-crypto-exchange-white-label-software/

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running.

ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and provide a seamless user experience. From a fully integrated trading platform to customer management tools, wallet services, custody solutions, and more, ACE provides all the essential functionalities required to launch a cryptocurrency exchange.

The Adenasoft team focused significant effort on designing a platform that delivers a superior user experience, allowing traders to navigate the system effortlessly. ACE can run smoothly on PC, plus mobile apps with both Android and iOS supported. Currently, the white-label solution supports 6 languages: English, Japanese, Chinese, Russian, Indonesian, and Korean, more will be added in the near future.

Liquidity Managed

To manage liquidity, ACE incorporates built-in liquidity services for a seamless trading experience. Exchanges can focus on growing their business and attracting new users without being worried about or hindered by liquidity constraints.

“We are excited to introduce ACE to the cryptocurrency market. With ACE, we aim to redefine the standards for crypto exchange platforms, offering an all-inclusive solution that combines top-tier UI/UX, essential functionalities, liquidity services, and seamless integration. Most importantly, ACE’s fast and efficient onboarding process allows businesses to be fully prepared to exchange operations in less than a month.”
– Yong Jung, ACE product team leader at Adenasoft

Zero Fee Starting Offer

For a limited time, Adenasoft is offering zero set-up fees for new exchange businesses. This enables entrepreneurs and enterprises to leverage Adenasoft’s technology without the burden of upfront costs.

To learn more about ACE, visit the Adenasoft website.

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Maximize Your ETH Investment: The ETHphoria Vault by Pods

https://www.cryptoninjas.net/2023/06/21/maximize-your-eth-investment-the-ethphoria-vault-by-pods/

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices.

ETHphoria is a low-risk, principal-protected strategy designed for those bullish on the ether (ETH) market. By integrating Lido with call options, ETHphoria allows users to earn higher rewards as the market rises.

The strategy uses 100% of Lido’s weekly staking rewards to purchase call options with a 1-week expiry. If the price of ETH or stETH rises above the strike of those call options within a week, the call options are exercised, resulting in profits for depositors.

Pods has a hybrid on-chain / off-chain approach, where the principal remains on-chain, and the yield can have the optionality to build the derivatives part off-chain.

With this approach Pods has the best of 2 worlds: on-chain security for the principal, and off-chain liquidity for the yield, resulting in better returns for the end user.

“At Pods, we recognize the importance of consolidating a single strategy into one token, not only for enhancing DeFi composability but also for user convenience. Our users can seamlessly transfer deposits between addresses, utilize them as collateral on other protocols, and easily verify their holdings in a specific strategy. I strongly believe in the power of the simplicity of this approach.”
Rafaella Baraldo, CEO & Ci-Founder of Pods

Furthermore, the vault provides access to intricate strategies with a single click, withdrawal at any point after processing the deposit, and display of actual historical returns among other features. ETHphoria vault is live on mainnet: https://app.pods.finance.

ETHphoria leverages Lido, a leading decentralized staking protocol for ETH, to generate high yields. With a TVL of over $11.8 billion, Lido is a trusted choice for the DeFi community.

As ETHphoria evolves, Pods will continuously improve the vault’s functionality, you can check all the details in the Pods´ blog post by Rafaella. Pods´ blog readers can check the backtest of this strategy and how it would have performed if it were available when ETH started in 2015 until the present.

The vault has undergone four audits by audit firms including Open Zeppelin, ABDK, Number3, and Number4. Audit reports are available here.

Further, the Pods Yield product went through a review with DeFi Safety where it received a 97% score. You can find the detailed report at Pods Finance – detailed report | DeFiSafety.

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Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

https://www.cryptoninjas.net/2023/06/12/crypto-traders-can-mitigate-risk-with-pods-fud-vault-now-live-on-mainnet/

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv.

FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal.

Who is this product for?

The FUD Vault is designed for individuals who have uncertainties about the future performance of ETH and want to find a way to potentially profit even when the market is experiencing a downward trend.

By depositing funds into the FUD Vault, users can take advantage of a specific strategy that aims to mitigate the risks associated with a falling market.

Therefore, if you feel uncertain or skeptical about the future performance of ETH and desire a strategy that allows for potential profit-making during market declines, the FUD Vault could be a suitable option.

Product Values

The FUD Vault offers several key values to its users:

  • Simplified Strategy: By consolidating a single strategy into one token, the FUD Vault enhances both DeFi composability and user convenience. Users can easily manage their deposits by transferring them between addresses, utilizing them as collateral on other protocols, and effortlessly verifying their holdings within a specific strategy. The aim is to streamline the user experience and provide a seamless interface for interacting with the vault.
  • Access to Intricate Strategies: With just a single click, users gain access to intricate strategies within the FUD Vault. These strategies are designed to optimize returns and navigate the complexities of the market. By offering these strategies in a user-friendly manner, the vault allows users to benefit from sophisticated investment approaches without needing in-depth knowledge or expertise.
  • Flexible Withdrawal: Users can withdraw their funds from the FUD Vault at any point after the deposit has been processed. This feature ensures that users maintain control over their assets and can access their funds whenever they need them.
  • Transparent Historical Returns: The FUD Vault provides users with a clear display of actual historical returns. This transparency allows users to assess the performance of the vault and make informed decisions about their investments. By presenting accurate and up-to-date information, the vault aims to build trust and confidence among its users.

How FUD Vault Operates

When you deposit USDC the vault immediately invests in Aave. Then, it utilizes the entire lending yield generated by Aave for purchasing ETH put options. These put options have a delta ranging from 0,03-0,12 and a maturity period of one week.

In simple terms, the put options act as a form of insurance against a significant drop in the price of ETH. If the price of ETH decreases by more than 10% within the one-week timeframe, the put options are exercised and the resulting profits are distributed to the depositors of the FUD Vault.

Summary

The FUD Vault offers a user-friendly experience, providing convenient deposit management, access to intricate strategies, flexible withdrawal options, and transparent historical return information.

These values ensure that users can easily navigate the vault, make informed decisions, and enjoy the benefits of the platform’s offerings.

About Pods:

Pods make structured products for crypto assets that are easy to use and seamless. Co-founded by Rafaella Baraldo, Robson Silva, and Guilherme Guimarães, the team has developed some of the most innovative and secure tools in DeFi. The success of the products, security audits, and brand efforts, have set a new standard for building DeFi methods in this rapidly expanding sector. Security audits conducted by OpenZeppelin further demonstrate the commitment to safety and reliability. Pods continue to focus on infrastructure and serving professional clients and investors looking to diversify their portfolios.

Contracts

The vault has undergone four audits by leading audit firms, including OpenZeppelin and ABDK. Audit reports are available at https://github.com/pods-finance/yield-contracts/tree/main/audits

The open-source contracts can be reviewed at https://github.com/pods-finance/yield-contracts 

Join the Pods community on Twitter

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What is DeFi Returns? A new way of DeFi Investing

https://www.cryptoninjas.net/2023/06/08/what-is-defi-returns-a-new-way-of-defi-investing/

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly.

  • The new DeFi Returns v2 is faster and smoother. It’s designed to make the process of checking and comparing DeFi returns as efficient and enjoyable as possible, emphasizing efforts in the user experience. New features also include:
  • Advanced Analytics for Strategies with Rewards: to view the accumulated yield with or without rewards, providing deeper insights into your DeFi investments and making it easier for users to make informed decisions.
  • For multi-token strategies, such as providing liquidity to pools, users can now compare how the strategy performed compared to just buying and holding the asset.
  • Ranking of Top Performers in the Past 30 Days: Find the top 3 strategies for ETH and USDC quickly.
  • Newsletter: Sign up! access opportunities with free analyses on the market, actionable and insightful information about Defi strategies such as Curve, Uniswap GMX, and more.

The company’s blog states: “The launch of the new and improved DeFiReturns.com is a testament to our commitment to providing the most reliable data to assist you when investing and exploring DeFi strategies. We are excited about this new chapter and look forward to supporting you in your DeFi investment journey. As we embark on this exciting new chapter, we invite you to access the relaunched DeFiReturns app, explore its new features, and join us in understanding what real returns are in DeFi”

DeFi Returns (v2) The new app provides users with a straightforward method to compare historical returns from protocols and maximize their earning potential.

DeFi Returns is free to access, and there is a paid API with smaller granularity. Try it out! DeFiReturns

About Pods:

Pods makes structured products for crypto assets that are easy to use and seamless. Co-founded by Rafaella Baraldo, Robson Silva, and Guilherme Guimarães, the team has developed some of the most innovative and secure tools in DeFi.

The success of the products, security audits, and brand efforts, have set a new standard for building DeFi methods in this rapidly expanding sector.

Recent security audits conducted by OpenZeppelin further demonstrate the commitment to safety and reliability. Pods continues to focus on infrastructure and serving professional clients and investors looking to diversify their portfolios.

Connect with Pods:

TwitterDiscord

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RockX broadens suite with launch of new ether (ETH) native staking solution

https://www.cryptoninjas.net/2023/05/23/rockx-broadens-suite-with-launch-of-new-ether-eth-native-staking-solution/

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX’s position as a comprehensive provider of diverse staking needs, maneuvering quickly to the evolving crypto market landscape.

Navigating the Ethereum ecosystem presents institutions with unique challenges, including liquidity issues, cybersecurity vulnerabilities, counterparty failures, and a complex technological mastery hurdle, which have become more pronounced in the wake of the Shapella upgrade. RockX is committed to overcoming these hurdles by providing robust and secure solutions that simplify the staking process and instill confidence in its users.

The ETH native staking solution stands as a testament to this commitment, differentiating itself through optimal yield for validators via its pool solution on execution layer rewards, competitively low fees without charges on protocol rewards, and a swift, two-step staking process. The strategic introduction of these ETH staking solutions by RockX leverages the vast market potential as institutions increasingly venture into the Ethereum ecosystem.

Aligned with its long-term strategy to simplify institutional blockchain adoption, RockX is planning the full launch of a Staking API that supports blockchains later this year. This will offer institutions a scalable, secure, and efficient pathway for integrating their existing platforms with RockX, thereby facilitating speedier market entry.

Already, RockX has registered a robust inflow of over 7,000 ETH staking post the Shapella upgrade and anticipates an additional surge of 50,000 ETH in the coming weeks. RockX’s suite of staking solutions has garnered the trust of leading crypto exchanges and wallets/custodians, including Amber Group, Bitgo, and Matrixport.

“Our partnership with RockX reflects our joint dedication to enhancing investor confidence and establishing a secure and efficient crypto ecosystem. We are enthusiastic about the potential of RockX’s institutional staking solution, which we believe will address liquidity needs of institutional clients while driving innovation in the blockchain industry.”
– Annabelle Huang, Managing Partner of Amber Group

Following the recent launch of its Liquid Staking product, Bedrock, and a White Label product designed for companies seeking to establish crypto businesses, the addition of an ETH native staking service is a testament to RockX’s commitment to helping institutions overcome hurdles to Ethereum adoption.

“Our diversified staking solutions, headlined by the new ETH native staking tool, equip institutions with reliable and user-friendly resources in the blockchain domain. As the staking landscape continues to grow, we are thrilled to be at the forefront of this exciting evolution in institutional staking solutions.”
– Chen Zhuling, CEO of RockX

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The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

https://www.cryptoninjas.net/2023/05/10/the-sandbox-teams-with-hex-trust-to-enable-licensed-and-secure-custody-of-its-virtual-assets/

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse.

The partnership sees Hex Trust fully integrate LAND into its custody platform, Hex Safe, which supports cryptocurrencies, security tokens, and NFTs. The Sandbox has added Hex Trust as a certified partner to its directory list for custody services.

“We are always on the lookout to provide new ways to secure our community’s digital assets and bring peace of mind to The Sandbox’s community. After working with Hex Trust for the past few months, we are very excited to formally establish a partnership to further integrate their services into the metaverse.” 
– Sebastien Borget, COO & Co-Founder of The Sandbox

This integration enables institutional investors, brands, and corporations to store LAND assets with Hex Trust, instead of having to store these valuable virtual land assets in online hot wallets exposed to security and hacking risks.

Besides providing custody services for LAND, Hex Trust provides services to buy and sell LAND, as well as financing solutions, including leasing LAND assets and virtual mortgages. Hex Trust entered The Sandbox’s metaverse in 2022 and purchased an Estate in the ‘Web3 Zone’.

“Hex Trust and The Sandbox have been working closely together over the last few months following the launch of our NFT custody services back in early 2020. It’s great to solidify our relationship with a certified partnership, continuing to provide the best-in-class custody services for assets in the metaverse to meet increasing institutional demand. As web3 continues to grow, more brands and investors will need highly-secure solutions provided by custodians to store their assets with peace of mind in a fully-compliant manner.”
– Alessio Quaglini, CEO & Co-Founder of Hex Trust 

SAND is The Sandbox utility token, SAND is used to buy LAND, ASSETS, or to invest in staking pools.

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CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

https://www.cryptoninjas.net/2023/04/28/coinflip-launches-new-crypto-bitcoin-wallet-platform-olliv/

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform.

The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians.

By leveraging CoinFlip’s existing network of crypto ATMs, Olliv will bridge the gap between the company’s physical products, expanding its ecosystem

“We’re always looking for ways to invest in our customers that will contribute to the future of DeFi. We are confident our self-custodial model, a key value of CoinFlip’s business since inception, will pave the path for a significant and much-needed shift in the industry. We look forward to continued growth and innovation in the coming year as we get one step closer to on-ramping the next generation of crypto investors.”
– Ben Weiss, CEO & Co-Founder of CoinFlip

Amongst its suite of services, Olliv features an intuitive interface for secure transactions and state-of-the-art encryption. Olliv also offers 24/7 live customer service and provides educational resources.

Recent developments at CoinFlip have seen the company nearly doubling its headcount and expanding its ATM presence to Puerto Rico, Canada, and Australia. The company’s 2022 revenue exceeded $100 million and its team is projected to grow by 23% by the end of 2023.

Olliv is now available in the United States and Puerto Rico, except for Alaska, Iowa, New York, Oregon, Nevada, Arkansas, Louisiana, and Vermont with intentions to expand in accordance with regulations.

Users can download the app on Google Play or the App Store.

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Crypto derivatives exchange Deribit to launch zero-fee spot trading

https://www.cryptoninjas.net/2023/04/20/crypto-exchange-deribit-launch-zero-fee-spot-trading/

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives.

Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution for exchanging collateral and eliminating the need for external asset conversion. Clients will enjoy a zero-fee structure for trading these pairs.

Aiming to foster liquid markets, Deribit will offer 0% fees for makers and takers on spot. Note, due to this structure, there will not be any volume discounts, or affiliate/partner sharing offered on this model.

“Our goal has always been to provide our users with a complete exchange platform that meets all their trading needs. After years of being the leading crypto derivatives trading platform and ensuring that our exchange has the highest level of security and transparency, we have decided to apply our expertise to spot trading. By adding spot trading to our existing futures and options products, we are now able to provide a fulsome exchange offering that caters to all types of traders.”
– Luuk Strijers, COO at Deribit

Currently, Deribit offers options, inverse & linear perpetuals, and futures (incl volatility futures) for three bases currencies (Bitcoin and Ethereum, and USDC), which allows investors to efficiently manage risk and hedge their investments. With the addition of spot trading, Deribit now serves a wider range of traders who seek to swap directly between assets with immediate delivery and ownership.

The introduction of free spot trading capabilities comes shortly after Deribit’s launch of BTC DVOL futures, a contract built on DVOL (the Deribit Bitcoin Volatility Index) that facilitates bitcoin volatility trading. Deribit has also experienced a continued increase in investor activity, seeing open interest on the platform hit an all-time high of over $20 billion on March 30th, 2023.

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