• CFTC investigating Binance
    Cryptocurrencies,  Regulation

    CFTC investigating Binance for American crypto customers: Report

    The enforcement agency may be investigating whether the No. 1 cryptocurrency exchange still serves American clients, despite claims that it does not

    Binance began kicking U.S. customers off its platform in November—even though it had closed its platform to Americans on June 14, 2019—after setting up the independent exchange Binance.US in the country. At the time, Binance CEO Changpeng “CZ” Zhao said Binance.US would “bring the security, speed, and liquidity of Binance.com to North America,” in full regulatory compliance with all U.S. laws.

  • Goldman Sachs institutional demand bitcoin
    Bitcoin,  Cryptocurrencies,  Regulation

    Goldman Sachs sees ‘huge’ institutional demand for Bitcoin

    Fully 40% of the investment banking giant’s nearly 300 institutional customers already have exposure to crypto, said its head of digital assets, Matt McDermott

    “We have seen no signs of that abating," said McDermott. "And when we talk about institutional demand, we talk about the whole cross section of the industry sectors... And when I talk about the broad spectrum, I'm referring to hedge funds, to asset managers, to macro funds, to banks, to corporate treasurers, insurance, and pension funds.”

  • FXOpen halts retail derivatives sales

    U.K. crypto exchange FXOpen halts retail derivatives sales

    In the wake of an U.K. Financial Conduct Authority ruling, FXOpen tells retail customers to close their positions on crypto asset derivatives before Jan. 5

    In October, the United Kingdom financial market regulator FCA prohibited the sale of such derivatives to retail customers, suggesting that the average investor cannot understand them. FXOpen’s moves puts it in compliance with those rules.

  • OKEx launches real-time settlements

    Crypto exchange OKEx launches real-time settlements

    Recovering from a six-week lockdown, the derivatives crypto exchange now allows its users to withdraw their funds at any time

    The new feature “will provide a better trading experience for users, improve the capital efficiency of their funds and enable greater cross-exchange arbitrage opportunities," said OKEx head of financial markets, Lennix Lai. “This is hugely beneficial to traders carrying out cross-exchange arbitrage.”