New Exchanges opened in Thailand, Vietnam and Philippines

  The quantity of crypto exchanges is quickly growing: new platforms have been launched in Thailand, Vietnam and the Philippines
14 May 2018   1267

Jibex (Thailand)

Crypto exchange Jibex has been opened in Thailand. The firm is supported by a distributor of computer hardware and IT trading products - IT company J.I.B. Computer Group Co. Ltd, with 150 shops. At the beginning, only 5 cryptocurrencies will be held: bitcoin, bitcoin cash, ether, litecoin, and ripple. More will be presented soon, according to Jibex CEO Thuntee Sukchotrat. A wallet supporting for those five cryptocurrencies is also suggested on the exchange.

Kenniex (Vietnam)

Kenniex has recently started in Vietnam, located in Ho Chi Minh City. The crypto exchange is declared to be “the first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” according to the website. At present the clients can convert bitcoin and ether into VND and vice versa. The transaction fee is generally 0.4% but has been reduced to 0.2% for the first month of launch.

Coinvil (the Philippines)

This crypto exchange has not been launched yet at present. South Korean blockchain technology and services firm Glosfer and Coinvil have decided to cooperate in order to create and run a cryptocurrency exchange in the Philippines. Glosfer will found the platform while Coinvil will manage the exchange.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   107

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.