Chilean Bank to Reopen Crypto Exchanges Accounts

State Banco Estado, commercial Scotiabank and Itaú should reopen previously closed accounts of  Cryptomkt and Buda exchanges in several days
28 May 2018   419

The Chilean court rejected the appeal of the country's largest banks and confirmed the April decision to reopen the accounts of Cryptomkt and Buda. This is reported by Bitcoin. com.

State Banco Estado, commercial Scotiabank and Itaú should reopen previously closed accounts in several days. According to the publication, Banco Estado has already contacted Cryptomkt for negotiations, and Scotiabank and Itaú may appeal the decision again.

According to the co-founder of Cryptomkt Martin Zofre, when the banks announced the closure of accounts, "in five days they returned 99.8% of funds to Cryptomkt customers, so now they will start from scratch." Nevertheless, the exchange expects to return to the digital currency market in the coming days.

In the beginning of April the Chilean banks Itau Corpbanca, Bank of Nova Scotia and Banco del Estado de Chile without explanations blocked accounts of exchanges Buda, Crypto MKT and Orionx. In connection with this, trading floors were forced to apply to the court.

Huobi Group to Launch Trading Service for Big Customers

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets"
15 August 2018   130

Huobi Group launched a new trading service for institutional market participants. 

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets."

At the first stage, the service will be available for 100 institutional customers of Huobi. The latter will be able to perform up to 10 I / O operations on a first come, first served (FCFS) basis.

A range of new services will include the following options:

  • an exclusive channel for institutions, providing a safe, fast and legal withdrawal of funds;
  • multitasking, allowing to use in trading a lot of positions, strategies and open up to 1000 sub-accounts;
  • individual limits on the volume of transactions and borrowed funds;
  • individual customer support;
  • access to analytical data of the research department of the company, as well as investment strategies of Huobi Quant Academy.

In addition, for institutional clients, there will be regular Mitaps dedicated to the development of the industry, which will also offer participation in various investment projects.