Unocoin Launched Cryptocurrency Exchange

"India's leading cryptocurrency and blockchain company" launched multicoin cryptocurrency exchange
01 February 2018   577

Unocoin has announced the launch of a multi-currency cryptoexchange based on its bitcoin applications for iOS and Android. Now, Bitcoin Cash, Ripple, Ethereum and Litecoin are also available on the site.

Users can buy and sell crypto-currencies, as well as make deposits and withdraw funds using an account on the exchange. The platform works according to the market-making model and uses stop-limit orders. In addition, the commission is 0.4% of the transaction amount. The message also notes that in the future on-site support for new coins will appear.

Mobile applications Unocoin for iOS and Android were launched in October 2016. In September of 2017, the bitcoin-wallet team Blockchain. info also announced a strategic partnership with Unocoin. In addition, on Friday, January 12, bitcoin-purse added support for the Segregated Witness protocol and provided users with new bitcoins-addresses.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   39

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.