Kyber Network exchange opens up for a public beta

Kyber Network opens its doors for the general public in an open beta release of their new decentralized exchang
20 March 2018   495

While the legislate efforts of various governments are quite heavily restricting the development of cryptocurrency market, one of the main inside hurdles to overcome is the centralized nature of the exchanges. The whole concept of cryptocurrency as a decentralized digital asset is restricted by the nature of the current exchanges as the companies who are, first of all, concerned with their profits and, therefore, aim to keep funds firmly on their platforms.

Kyber Network aims to correct this with their new decentralized exchange. Their ICO was a huge success, raising over 200,000 ETH in the public event on September, 2017. and now, they are ready to present the results of their work in an open beta. Closed beta test has been conducted with a limited user access, to better fish out the bugs in a controlled environment. And yesterday, starting on March 19th 3PM (GMT+8), the open beta phase with a full access was presented to the public. The developers encourage users to activate their accounts and start trading.

The main pros of the Kyber Network exchange are complete liquidity in trading any tokens and securities and increased security. The latter is achieved by the company itself not holding to any of the users' crypto. Of course, there is a reserve vault of digital currencies to ensure the aforementioned liquidity, but it will be managed by the independent “reserve managers”, whose purpose is to provide support for the trading pairs. They wouldn't monopolize the pair, of course, when there is a request to trade a certain cryptocurrency or token to another one, the automated system will look for the best possible rates and finalize the deal based on this particular offer.

The Kyber Network is a next step to a true peer-to-peer crypto exchange that everyone has been waiting for, but it remains to be seen, whether or not they will be as successful in their operations, as in their ICO campaign

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   154

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.