eToro exchange goes public!!
The CEO of cryptocurrency exchange eToro, Yoni Assia, announced that the company is preparing to go public.
eToro exchange goes public!!
Israeli-based cryptocurrency exchange eToro CEO, Yoni Assia, says many factors indicate that now is a good time to go public.
2020 has been pretty good for the eToro exchange.. CEO Assia announced that its annual revenues increased by 147% in the course of 2020.
From all over the world, we see a great interest in people who want to participate in global markets. Creating a simple and transparent global marketplace where anyone can trade was our initial vision from 2017.
eToro exchange announced its plans to go public on the Nasdaq stock market through a special purpose acquisition company SPAC on March 16.
eToro CEO Assia said: continues.
If your business grows faster than your expectations, you can build a larger, public domain You have to make sure that you are fully prepared to become a company.
As it is known, crypto exchange Coinbase intends to go public by being directly listed on the Nasdaq in April 2021.. On the other hand, Diginex, another digital asset-focused organization, was listed on the Nastaq stock exchange through a SPAC in October 2020.
eToro will be listed on the Nasdaq by purchasing Fintech V, a SPAC company.. Finteck is currently listed on the Nasdaq with the abbreviation FTCV.
The two companies are expected to complete the merger in the coming months.
What should be considered when choosing a crypto currency exchange?
What is a crypto money exchange, how to set up and how to make money?
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The move that will make a difference from 1Inch!!
DEX aggregator 1Inch, managed to lower transaction fees with the launch of V3.
1Inch, a decentralized exchange aggregator that provides liquidity from various exchanges , announced today that the DEX aggregation protocol has been upgraded to v3.
The main improvement in version 3 (v3) was the ability to significantly reduce gas fees thanks to assembly code optimization.
As of mid-March on the 1Inch DEX exchange, $16.5 billion for Ethereum, Binance Smart Chain .
Gas prices drop at 1Inch with V3
With the launch of 1Inch V3, swap fees have decreased below Uniswap fees.
ETH/DAI parity swap fee over 1Inch has become 10.3% cheaper than Uniswap.
1Inch team on the subject;
The 1Inch team is excited to present the 1 Inch Acquisition Protocol V3. Users can choose the protocol they want when swapping between two assets.. However, currently the default protocol is V3. He added that the 1Inch V2 Protocol will be deprecated in the near future, even if they do.
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Binance exchange is on the radar of the US government
According to Bloomberg’s March 12 report, US, Commodity Futures The Trade Commission (CFTC) has launched an investigation into the Binance exchange.
As it is known, it is the world’s largest cryptocurrency exchange in terms of trading volume.
CFTC is a subsidiary of US citizens Investigating that they will not be able to trade derivatives on the Binance exchange.
Binance CEO Changpeng Zhao tweeted, Bloomberg
He argues that strong>’s latest report is “FUD”
No bull market without some FUD. Ignore FUD, continue BUIDLing.
What is FUD? How it is effective in crypto money markets
Binance exchange emphasizes that it takes regulatory compliance very seriously.
We take a collaborative approach to working with regulators around the world and take our compliance obligations very seriously.
At this point, it is not clear whether the investigation initiated by the CFTC will be carried forward.
Similarly, Bloomberg reported in July 2020 Announced that the CFTC has started an investigation into the BitMEX exchange. In October 2020, BitMEX founders were accused of providing an unregistered transaction service.
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You could have been a cryptocurrency millionaire in minutes yesterday!
Yesterday (March 5, 2021) there was an interesting development in the Binance exchange futures market.. In this process, a trader trading on the Binance exchange could make millions of dollars in minutes.. Now let’s take a look at the developments in Binance exchange yesterday.
While Polkadot prices on Polkadot (DOT) futures exchange were moving on their normal route, that is, fluctuating in the range of $32-33, prices dropped to $0.20 instantly.. In just 3 minutes, a transaction volume of 20.4 million dollars was realized.. In the chart below, we can easily see the anomaly in the Polkadot price chart..
The above transaction was first estimated to have occurred due to a cyber attack. However, no security breach was observed in the researches and it was just a human error!
The event that took place on Binance stock market yesterday is estimated to be a fat finger debacle that is sometimes encountered in financial markets.. In other words, a novice trader placed an order by entering the wrong buy/sell prices.. On top of this event, the electronic market has fulfilled this trade.. Unfortunately, this action is not reversible.. Automatic buy and sell orders entered into the Binance exchange beforehand, came into effect and our victim’s assets were found at prices as low as 20 cents. can be bought or sold. Such human-induced errors entered the literature with the concept of fat finger.
Please See: Bitcoin news, agenda and last minute developments
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In normal banking transactions, bank officials can prevent possible losses by intervening in transfers made by entering the wrong IBAN number.. However, such interventions in crypto money markets are almost impossible.. For example, by entering the wrong address in crypto money transfers, the transfer of funds may take place to another address.. It is almost impossible to reach the real identity of this address.
Last year, 10 Bitcoin transfers were made to the account of a Nigerian Bitcoin investor as a surprise.. The Nigerian investor reaches the person who transferred the Bitcoins by sharing a post on social media and returns the Bitcoins to the owner.. Not everyone could be so honest!
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What is a fat finger?
In financial markets, traders enter buy/sell orders with wrong numbers and perform transactions. We can also define the fat finger fiasco as pressing the wrong key..
Centralized cryptocurrency exchanges set records
According to data from the crypto exchange data analysis company The Block Research, the monthly trading volumes of the exchanges increased in February.
As of February 27, the monthly transaction volume value has reached $1.05 trillion.. This figure is $143.9 billion, approximately 15.9% higher than in January.
About 2/3 of the exchanges’ total trading volume is from Binance, 10.6%. two from Coinbase and 5.3% from the Kraken exchange.