Oil Futures to be launched in China

Shanghai Crude oil contract has been finally launched to roll out yuan denominated oil futures
26 March 2018   675

This key trading event took place on Shanghai's International Energy Exchange. Trading volumes of the main contract achieved 13.4 billion yuan.

The chairman of the China Securities Regulatory Commission, Liu Shiyu claimed at the launching ceremony that the start of the contract completely corresponds to the orders from the government work report. This country is known as the biggest oil importer in the world. In 2017 China produced over 600 million tons of oil. Approximately 70 percent of it was imported. China can receive benefits from its own standard trading in yuan, that would bring it greater influence over pricing by the 2 established benchmarks - the Brent crude (London) and West Texas Intermediate (New York).

Wang Kong, a finance professor at the China Europe International Business School, declared that the third alternative benchmark will be able to enlarge the oil futures`liquidity as well as the efficiency of the oil market in the whole. China will become a part of the global oil price institution. Middle Eastern oil has been more costly in Asia than in Europe: it was termed by economists as the “Asian Premium”. China was in lack of a benchmark which would better display market conditions in Asia. It is supposed that the new contract will help to address this situation.

This is the first in China yuan-denominated futures contract which is open to foreign companies (investment funds, trading houses, and petroleum firms). JP Morgan, the investment bank joins the exchange in order to provide brokerage services for traders.

According to the analysts, the new benchmark will soon have to pass its first examination - the lack of liquidity. The Chinese government has started to let non-state establishments to participate in crude oil imports in recent years, but the sector remains strongly dominated by the state giants.

About 413 organizations were presented in the trading on Monday, and more international players are expected to come in and trade. Analysts demand that China would need to deal with other countries to figure out regulatory points, as the contract should become more attractive to the international players. So the new standard will take time to grow and strengthen.

First BTC Forks Battle to be Held on p2pb2b Exchange

p2pb2b exchange is going to challenge 'digital gold' fork
28 September 2018   473

Since the launch of the very first cryptocurrency, lots of developers were trying to improve Bitcoin and fix existing bugs. According to Bitcoin.com, there were 69 Bitcoin forks in total in the crypto market in April 2018 and only 10 of them were traded on exchanges. p2pb2b exchange has decided to figure out which of the forks deserve to be listed and currently holds Bitcoin Forks Battle for the first time in the history of the crypto market. The platform is not going to decide the destiny of coins itself. Instead, the community of traders will be voting for the best coins in their opinion. The winner will get a free listing on p2pb2b.

How does the Battle go?

Bitcoin Forks Battle is held on the p2pb2b exchange in 3 stages. Any of Bitcoin forks can participate. The following forks are already participating in the Battle: B2X, BCA, BCD, BCX, BIFI, BTCS, BTN, BTX, GOD, LBTC, NRO, SBTC, UBTC. There is still a chance for any other Bitcoin fork to join the competition. Only traders registered on p2pb2b with at least 0.003 BTC / 0.05 ETH / 25 USD on their account in order to exclude frauds. The voting itself is free.

  • Stage 1 - Qualification
    • The stage will last for 7 days and only 8 most voted coins will pass to the next round.
  • Stage 2 - Play-off
    • 8 coins will be randomly divided into pairs. A fixture list will be made and coins will participate in matches just like it works in football. There will be 6 matches in total, 24 hours each. 2 finalists will pass to the next stage. Coins that will make it to the play-off will receive a special offer for the listing within a month since the announcement of the battle results.
  • Stage 3 - The Final
    • The final stage will last for 5 days, the most voted coin wins the battle and gets a free listing of p2pb2b.

Bitcoin forks will finally get a chance to enter the crypto market and find its acceptance. Coin holders will be able to benefit from trading and an improved functionality that each fork has already presented. Check out the official website to participate in the Battle and choose the coin you like the most.

p2pb2b
p2pb2b

p2pb2b cryptocurrency exchange has made a reboot after 4 years of work and introduced users a completely new platform for safe and profitable trading. The team is mainly focused on the needs of businesses and large enterprises. However, each participant of the crypto market will be able to find benefits in using p2pb2b exchange. Traders get high performance, safety, and client’s support. Businesses take an advantage of a possibility to list a new coin for 5 minutes, updated API, officially registered Estonian company. More information about the platform is available on the official website.