UPcoin Exchange to Hit The Market

More than 1000 trading pairs will be available from March 1 on UPcoin exchange
28 February 2018   1063

UPcoin exchange is going life on March 1, promising to let its users buy and sell crypto without limits on its platform. More than 1000 trading pairs will be available from the start, and every week UPcoin will add new coins.

Moreover, the users will be able to buy or sell tokens of the most profitable ICOs. 

Upcoin launch countdown Upcoin launch countdown at the moment of press

There will be the withdrawal fee of 0,2% on the exchange, and all internal trades will cost anywhere from 0,1 to 0,2%. In 6 days, UPcoin had over 400K registrations, which proves that people are in support of the features presented by the platform.

Key features:

  • Anti-DDOS protection: Backup AntiDDoS channels of up to 1000 Gbit/sec
  • Global Presence: UPcoin servers are located in 4 global regions to ensure fast server responses irrespectively of your location
  • Exchange tested by hackers: Independent auditors are constantly testing the systems to maintain top-notch security level
  • Employees protection: UPcoin protects not only the exchange but its employees as well, which should reduce the risk of getting hacked via “social engineering”

The UPcoin is set to be launched on March 1, 2018, after the beta is officially completed and all changes are made. Deposit to the platform and real-time trading will begin at the moment of release.

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   95

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.