CryptoCompare Publishes Monthly Exchange Review for March 2019
The March Exchange Review saw a 70% increase in volume from crypto to crypto exchanges compared to February, while those that offer fiat pairs decreased 8%.
As with previous reviews, it covers exchange rankings by volume; country analysis and predominant fee type model; derivatives and institutional products; fiat, bitcoin and stablecoin volumes. The review also looks at how volumes have developed historically for the top trans-fee mining and decentralised exchanges.
Kraken Joins Binance and ShapeShift in Delisting Bitcoin SV
Yesterday, San Francisco-based exchange Kraken announced that it will no longer support Bitcoin SV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates. The company will disable BSV deposits on April 22, trading will cease on all trading pairs on April 29 and, finally, withdrawals will stop May 31. The announcement reads:
“Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.”
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eToro Launches Full Crypto Exchange and 8 Custom Stablecoins
The blockchain subsidiary of social investing platform eToro has launched a cryptocurrency exchange along with eight branded stablecoins. The new platform is being managed by eToroX, which is regulated by the Gibraltar Financial Services Commission, the firm announced yesterday.
Trading in six cryptocurrencies will be offered at launch: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), XRP, Litecoin (LTC) and Dash. Also available will be 37 crypto-to-fiat pairs, for example, BTC/USD and XRP/GBP.
The firm is additionally issuing eToro-branded tokens pegged to eight fiat currencies, including the eToro United States dollar (USDEX), eToro Japanese yen (JPYX) and eToro Euro (EURX), with others available for pounds Sterling; Australian, Canadian and New Zealand dollars; and the Swiss franc. eToro CEO and co-founder, Yoni Assia, said:
“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization.”
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