Genesis Trading Volume Grew by 50% Over the Year

As reported, in 2018, the volume of OTC transactions on Genesis increased by 50%
11 January 2019   384

According to representatives of the New York over-the-counter trader Genesis Global Trading, despite the long bear market, the company "has grown significantly." This is reported by The Block.

The letter to customers states that in 2018, the volume of OTC transactions on Genesis increased by 50%. In addition, in less than a year, the volume of cryptocurrency loans issued to institutional clients amounted to $ 1 billion.

Genesis Global Trading is a SEC and FINRA registered broker and is part of the business empire of Barry Silbert and his Digital Currency Group. Last May, it received a BitLicense, which allows it to operate in New York State.

The company began issuing loans in Bitcoin, Ethereum, XRP, Bitcoin Cash and other currencies in March last year. Borrowers, which include hedge funds and other financial institutions, use these funds to play to lower the price of digital currencies, as well as to hedge investment positions.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   66

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.