Coinbase Pro Will Begin Trading Dogecoin On Thursday

Key Takeaways Coinbase Pro is planning to initiate Dogecoin trading on June 3. Dogecoin deposits are open starting today (June 1). Coinbase will open Dogecoin trading on its retail platform, Coinbase.com, at a later date not yet announced. Share this article Coinbase Pro will initiate Dogecoin trading on June 3, as revealed in a new blog post from the cryptocurrency exchange. Trading Begins in Two Days Coinbase says that it will enable Dogecoin trading on June 3 at 9:00 a.m. PST, assuming that liqudity is sufficient. Users can also deposit…

Borse Stuttgart Digital Exchange launches crypto trading mobile app

Borse Stuttgart Digital Exchange, or BSDEX — which shares its operator with the major public stock exchange in Stuttgart — is rolling out a new mobile app for cryptocurrency traders. As a digital assets trading venue that fulfills the regulatory requirements of the German Banking Act, the venue has been a pioneer in the mainstreaming of crypto in Germany. Previously, investors had access to an earlier crypto trading app called Bison, which was first launched back in 2019. Today’s announcement of a new app indicates that users will be able to trade…

How volatility drove one crypto trading strategy to 280x Bitcoin’s gains

What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity. Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be easy and we’d all be rich.” And during the decade-long bull market on Wall Street, some participants who should know better appear to have forgotten this, as they’ve become used to steadily-increasing stock prices over…

Restricting crypto trading to millionaires good for Hong Kong, says official

Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui said that the proposal was in line with the government’s plan to properly police the emerging crypto market. As previously reported by Cointelegraph, the FSTB issued a proposal after months of consultation, calling for a ban on retail crypto trading and the establishment of a strict regulatory regime…

Here’s how Bitcoin’s intraday volatility complicates leverage trading

The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings by twenty times or more is often irresistible for most novice traders. Today, almost every cryptocurrency exchange offers leveraged trading using derivatives. To enter these markets, a trader has to first deposit collateral (margin), which is usually a stablecoin or Bitcoin (BTC). However, unlike spot…

Bank of Korea wants to monitor crypto trading activity, cites monetary risks

The Bank of Korea reportedly has plans to maintain strict oversight on crypto trading activity via real-name bank accounts. According to a report by The Korea Herald on Thursday, the BOK is seeking authority under Article 87 of the country’s central bank Act, stating: “We plan to utilize our legal authority over requesting document submittal from financial institutions to monitor the volume of cryptocurrency transactions made through bank accounts.” The above comments are reportedly from documents submitted by the BOK to lawmakers in the country with the central bank wary of…

DeFi Project Spotlight: Trading On-Chain Ethereum Derivatives With Oiler Network

Key Takeaways Oiler is an on-chain trading protocol for blockchain parameters like gas fees or network hashrate. Oiler’s clients will most likely be Ethereum power-users like exchanges, wallet operators, or Layer 2 providers. Oiler functions without oracles. All information they use is available directly on the blockchain, thus limiting oracle attack risks. Share this article By offering on-chain derivatives, Oiler Network allows companies to hedge the risks of adverse network events. For most users, fluctuating gas prices or a blockchain’s hashrate is not of the utmost concern; for companies, exchanges,…

South Korea’s banking association alarmed by altcoin trading mania

The Korea Federation of Banks has raised alarm over the increase in altcoin trading volumes across crypto exchanges in the country. According to a report by The Korea Herald on Monday, the banking association has asked member banks to conduct an audit on the altcoins being offered by their crypto exchange clients. The KFB is reportedly concerned about the potential risks of banks providing account services to exchanges overexposed to altcoins. An official of the banking association quoted by The Korea Herald explained: “One of the criteria that we recommend…

AMMs push for an industrial revolution in trading

Centralized exchanges play an important role in the cryptocurrency industry. While their decentralized exchange counterparts have been growing in popularity and usage since 2020, the overwhelming majority of crypto trading volume is still concentrated on centralized exchanges.  The supremacy of CEXs can be clearly observed in the size and popularity of trading platforms like Binance and Coinbase, which are now so recognizable and mainstream that Coinbase has recently become the first crypto company to be listed on the Nasdaq stock exchange. Acting as a necessary bridge between fiat and crypto,…

Goldman Sachs launches limited BTC derivatives trading desk

One of the largest investment banks in the world just launched a cryptocurrency trading desk — though executives made sure to specify they would only be trading derivatives, and will not have actual digital assets on the books.  A CNBC report this morning revealed a internal Goldman Sachs memo announcing the launch of a cryptocurrency trading desk. The desk will be part of Goldman’s Global Currencies and Emerging Markets division, and overseen by Digital Assets head Mathew McDermott. The news comes shortly after a report yesterday that Goldman had begun…