Hedge developing new trading platform, soon to open up

Hedge's Blocktrade.com opening up for a pre-registration in March 2018, will begin trading in Q1 2018
26 February 2018   129

A new EU-based cryptocurrency exchange Blocktrade.com will open up in March 2018 for a pre-registration. Registered users will have a priority in opening trading accounts and will have an exclusive navigation access for a web-service and Android and iOS mobile apps.

The platform is under development by the team of cryptocurrency index provider Hedge. The new exchange promises to give top of the line trading facilities for digital assets and other blockchain related fintech instruments. Hegde even registered for starring at Money 20/20 Asia with the presentation of their new platform.

Their site promises Blocktrade.com to be state-of-the-art trading platform with order-matching and settlement engine far faster than the current industry standard by order of magnitude. They claim processing more than 10 thousand operations per second to be not an issue while still maintaining the high security standards. The «Swiss security levels» and full compliance with any and all regulations is also a great boon the claimed stability and longevity of the platform. The company even passed the registration hurdles and is now officially known as Blocktrade AG. The exchange platform will be up and operational in the Q1 2018, so we' don't have to wait too long to see if the claimed performance and security are really up to the task.

Japanese Watchdog to Warn Binance

Let's check the impact of these news to the Bitcoin price
22 March 2018   85

The Financial Services Agency of Japan (FSA) warned the Binance exchange for the need to obtain a license to continue working in the country. This is reported by Nikkei.

According to the regulator, the work of Binance in Japan without a license from the Financial Services Agency violates the local law on payment services and thereby jeopardizes the interests of investors. In addition, if the crypto-exchange does not suspend activities in Japan, a criminal case will be brought against it.

Binance is one of the world's largest cryptocurrency exchanges, while Japan also holds a leading position in the development of the bitcoin industry. Thus, it is not surprising that immediately after the spread of this news, the price of the first cryptocurrency went down.

Bitcoin Price Chart
Bitcoin Price Chart

As you can see on the chart above, BTC price fell down from $9030 to $8726 in 1.5h. At the moment of press, these are main bitcoin market parameters:

  • Average price: $8 775,51
  • Market cap: $148 597 132 463
  • 24h volume: $5 822 390 000