Korean Authorities to Check 3 Exchanges

Staff of these exchanges is suspected in embezzing funds from customers' accounts
15 March 2018   522

Law enforcement authorities in South Korea are checking three cryptoexchanges, suspecting that their employees may be involved in embezzlement of clients' funds. This is reported by CoinDesk.

Employees of the exchanges, including management, are suspected of using funds from their clients' accounts to purchase crypto-currency on other exchanges.

In the search for evidence, the Seoul County Prosecutor's Office confiscated hard drives, mobile phones and documents.

The firms turned up on our radar in January during our investigation of suspicious money transfers between Bitcoin exchanges that were detected during an audit by the Financial Services Commission and the Korea Financial Intelligence Unit.
 

S. Korean Prosecutor

Recently in South Korea, the requirements for the crypto exchanges were tightened, as part of the government's policy to combat money laundering and other questionable practices.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.