The acquisition of the two competitors would make Huobi one of the most powerful firms in crypto, considering that according to CoinMarketCap data Huobi is already the second most liquid cryptocurrency spot exchange. Bitflyer, on the other hand, is the seventh, and Bithumb the fifth.
CryptoCompare starts ranking good, bad, and ugly exchanges
Top 10 cryptocurrency exchanges announced after grading after the data and indices provider studied more than 100 trading platforms worldwide
Calling the cryptocurrency trading business ripe with fraud and manipulation, cryptocurrency data and indices provider CryptoCompare has begun rating the reliability of exchanges.
Bitcoin and other cryptos are down heavily because of Japan
FSA cites 6 exchanges while MtGox’s legal proceedings take new turn
Japan delivered a one-two punch to HODLers of bitcoin on Friday, knocking BTC prices down 8 percent and similarly pummeling most of the cryptocurrency complex. First came news that regulators served six of Japan’s largest crypto exchanges with “business improvement orders”. Financial Services Agency (FSA) has been displeased with how these exchanges are implementing anti-money laundering procedures. QUOINE, bitFlyer, Bit Bank, BTC Box, Bit Point, and Tech Bureau were all told publicly to fix their internal controls. bitFlyer, the world’s sixth-largest bitcoin exchange according to CoinMarketCap, responded by announcing, “To ensure this process is completed quickly and effectively, we will be voluntarily and temporarily suspending the onboarding of new customers.”…