OKEx to Launch USDT Futures Next Month, - Media

No other details and the exact dates were provided
23 September 2019   536

Next month, OKEx Bitcoin Exchange will launch Tether's USDT stablecoin futures with margin trading. The Block reports with reference to representatives of the platform.

The exact launch date and any other details are still unknown.

The new product will allow users to open positions on USDT with leverage and settlements at a later date.

Recall that on Monday, September 23, the Bakkt platform launched trading in deliverable bitcoin futures.

Earlier this month, the Binance Exchange announced the launch of two platforms for futures products.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   332

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.