WandX to release put option front-end

WandX plans to release the front-end for put option trading on March 17 for their decentralized token creation and exchange platform
16 March 2018   735

WandX is releasing put options front-end for their decentralized token creation and exchange platform. The soon to be released tools will provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.

For the benefit of general public it's better to provide a little more info on such trading scheme. Put option is a standard option trading method and the name is derived from the fact that the owner has the right to “put up sof sale” the stock or index. The gist of such options – after acquiring the option you can (but don't have to, mind you) sell some amount of an underlying asset back to the seller of the put before the expiration date.

One of the main factors in this kind of deal is a strike price, which is a fixed price for an option the seller has to buy it off of you, if you decide to sell it back. The possible outcome resides on the time you decide to sell off – you're better to do so before the stock price falls below the strike price, else you'll have to cope with losing your money outright. But such is the nature of any stock market.

So, in the case of WandX platform, it provides a high-risk trading with multitude of created tokens for experienced market players. Considering the fact that now anyone from any field of business can create ERC20 token and trade them for another tokens or Etherium in such a form, it can have a significant impact on the market.

At the moment of publishing, these are the main market parameters of WandX:

Average price: $0,060742
Market cap: $743 738
24h volume: $9 017

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   152

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.