Crypto Exchange OKEx Launches Bitcoin Futures Margined With Tether

Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began on Nov. 5, the exchange listed the BTC/USDT offering on its trading platform. The exchange previously said that offering a stablecoin-based derivatives contract will make it simpler and more efficient for traders to navigate…

Coinbase Card Adds XRP and Launches in 10 More European Countries

Coinbase’s Visa debit card has expanded support for five more cryptocurrencies in ten new jurisdictions, the firm announced in two separate tweets on Nov. 14. Launched in April 2019, Coinbase Card now supports a total of nine cryptocurrencies in 29 countries in Europe. The Coinbase Card’s new supported cryptos include XRP, Stellar (XLM), Basic Attention Token (BAT), 0x (ZRX) and Augur (REP), enabling users to spend using the listed currencies. The five coins join other major supported cryptocurrencies like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Coinbase…

Crypto.com Launches New Exchange Eyeing Top-10 Spot Within 5 Years

Hong Kong-based cryptocurrency platform, Crypto.com, announced the launch of its cryptocurrency exchange on Nov. 14.  The Crypto.com Exchange is intended to drive the mass adoption of cryptocurrencies by enabling over one million users the ability to trade digital assets through the Crypto.com web interface, trading API, or through its app. “Creating an exchange has been a natural extension and next step to ensure that everything stays in our own ecosystem,” Kris Marszalek, co-founder and CEO of Crypto.com, told Cointelegraph at BlockShow Singapore 2019. Notable features of the Crypto.com Exchange include…

Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020. From a mechanics side, the exchange will mint a hard cap of 300 million Bithumb Coins. Half of the exchange’s revenue will be used to burn 50 percent of BT’s token supply over time – similar…

MasterCard Launches ‘Fintech Express’ in Asia Pacific

Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. source

VC Firm Andreessen Horowitz Launches Free 7-Week Crypto School

Venture capital firm Andreessen Horowitz (a16z) is launching a free, seven-week crypto startup school, scheduled to kick off in February 2020.  The firm — well-known for its investments in crypto industry names such as Coinbase and Ripple — publicly announced the program on Nov. 8. Free materials online for the general public According to the announcement, the program — which will entail lectures held in person in Menlo Park, California — will cover a broad curriculum for those seeking to found blockchain startups. In parallel, videos and curriculum materials will…

Company Launches New Products as Futures Trading Surges

Each time Bitcoin (BTC) rallies past the all-important $10,000 mark, analysts seek to attribute the rise to major events occurring across the industry. The crypto sector is young, volatile and one major announcement can send ripples across the market.  In recent weeks, the market was on a downward trend, but a number of major occurrences have lifted the spirits of the industry participants. Bakkt, a company that focuses on driving institutional investment in crypto, has long been hyped as playing an important role in impacting market valuations.  But Bakkt’s product…

FTX Launches Futures on Index of 8 China Cryptos Amid Xi Blockchain Pump

Derivatives exchange FTX has launched an index of eight popular China-based cryptocurrencies. Announced in a tweet by the firm’s CEO Sam Bankman-Fried Tuesday, the Dragon Perpetual Futures Index (DRGN-PERP) tracks a basket of coins including BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET, based on a weighted average of their respective prices. FTX is also offering traders exposure to the coins in the form of perpetual futures contracts based on the index. Traders will be able to leverage these contracts up to 101 times, Bankman-Fried told CoinDesk. The exchange – which…