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   183

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.

Binance DEX to Launch Public Test

Community's feedback will help determine the date of the official launch of the new decentralized platform
20 February 2019   105

The largest daily trading volume, Binance cryptocurrency exchange, has launched a public testing of a decentralized trading platform based on its own blockchain

So, users can already create wallets and interact with the Binance DEX interface. At the same time, the exchange introduced the block explorer for Binance Chain.

It is noteworthy that traders in the Binance Chain network can act as nodes and independently store private keys.

Trust Wallet and Ledger hardware wallets have been added to Binance DEX.

Representatives of the exchange said that the feedback from the community will help determine the date of the official launch of the decentralized platform.