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Binance.US Launches Registration

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Binance

Launching tomorrow, Binance.US is a fast and secure digital asset marketplace, delivering the world’s leading digital asset trading technology, speed, and experience to everyday users in America. Ahead of registration, we’ve answered some of the questions you’ve been asking.

If you don’t read any further, take note:

  • Trading Fees are Zero until November 1, 2019.
  • Binance.US is rolling out to most states, but states not available upon launch are listed below.
  • Everyone will be a new user of Binance.US. Please verify your account and deposit funds to be eligible to access trading.

Who will be available to register for an account at Binance.US at launch?
We are rolling out Binance.US gradually across America. At launch, new users with a valid government ID (driver’s license or passport) and social security number (SSN) will be able to register for Binance.US in most U.S. states, excluding the following states:

  • Alabama
  • Alaska
  • Connecticut
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Louisiana
  • New York
  • North Carolina
  • Texas
  • Vermont
  • Washington

Although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.

Can my coins/tokens held at other trading venues or custody solutions be automatically transferred to Binance.US, or will I need to manually transfer them?
Binance.US is an independent entity. Therefore, any of your digital assets held by other trading venues or custody solutions will not automatically transfer to Binance.US.

You are permitted to deposit digital assets and/or fiat, depending on your account verification level, in accordance with the terms of our User Agreement. It will be an easy few clicks to deposit funds to your Binance.US wallet.

What are the trading fees on Binance.US?
Reducing the barriers to digital asset adoption is one of our goals. Other marketplaces charge users excess fees to pass operational costs to marketplace users. We aim to change this trend by using a straightforward fee schedule. For personal accounts, we offer a flat fee of 0.10% per trade. If you buy $100 of BTC, your fee will be $0.10.

However, standing by our values of reducing the barriers to digital asset adoption, we are lifting all fees for trading at launch — Zero Fees until November 1, 2019.

Corporate accounts will have an adjusted fee schedule given their trading volume.

Will U.S. customers be able to buy listed coins/tokens with USD, credit cards, or debit cards?
U.S. customers will be able to buy listed coins with USD through ACH or wire transfer methods. We will be exploring other options based on the demand of our users.

What can I do with my coins/tokens that are NOT listed on Binance.US?
All coins/tokens not yet listed on Binance.US can still be stored with other custodians in the custody method of your choice (ex. hot wallet, cold storage, etc.) and traded on other venues that have live order books in those pairs. Over the coming weeks, we will be adding coins that satisfy our Digital Asset Risk Assessment Framework.

Will Binance.US customers be insured against theft, hacking, etc?
Binance.US takes security seriously. We prioritize customer protection and have measures dedicated to protecting customers from theft and hacking.

Will trades on Binance.US be separate from Binance.com?
Yes. Binance.US is a separate company, operated by BAM Trading Services. Your digital assets will be stored in Binance.US wallets.

What happens once registration opens on September 18 at 8am ET?
We will be accepting inbound transfers of BTC, ETH, XRP, BCH, LTC, USDT, and USD upon appropriate account verification starting tomorrow. We will accept deposits prior to enabling full trading and will be updating you when liquidity conditions are met allowing for trading to begin on set pairs. Trading on the order books will commence once a sufficient supply of these coins is established on the platform to allow for healthy markets. Support for additional jurisdictions and listings may be added at a later date.

See you bright and early Wednesday morning!

– C. Coley
CEO, Binance.US

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Huobi Launches Licensed Brokerage Platform Targeting Institutional Investors During Davos 2020

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Huobi Group

Huobi Group today announced the launch of Huobi Brokerage, a digital asset brokerage platform, during the annual Davos forum. As the global blockchain company’s first brokerage solution, Huobi Brokerage will provide digital asset trading products and services to institutional clients and high-net-worth individuals (HNWIs).

Last November, Huobi established its Global Institutional Business (GIB), a new team and a business line of products and services targeted toward institutional clients. Huobi Brokerage is the first product to be launched under the newly formed GIB division and the latest addition to a growing suite of industry-leading blockchain and crypto products within the Huobi Group portfolio.

“There’s an industry-wide consensus that institutional investors and HNWIs will be the major contributors of growth for the crypto economy in 2020 and beyond, but barriers like low liquidity and a lack of asset enhancement products are stalling widespread adoption,” said Ciara Sun, Vice President of Global Business at Huobi Group. “By introducing institutional-grade products and liquidity solutions that cater to the needs of institutions and eliminate existing barriers, we’re aiming to help drive the entire crypto economy forward.”

Huobi Brokerage leverages advanced trading algorithms and smart order routing (SOR) to provide institutional clients with access to high-quality liquidity pools, competitive prices, a regulated fiat channel, and an all-in-one solution for OTC trading. Through the platform, clients can access real-time trade quotes and instant price locks, as well as support for high-volume block trades across major cryptocurrencies and stablecoins such as BTC, USDT, HUSD, PAX, TUSD, and USDC. Support for ETH, EOS, BCH, LTC, and XRP is expected in Q1 2020.

Liquidity solutions available via Huobi Brokerage include over-the-counter liquidity, exchange liquidity aggregation, and customized financing and lending facilities. Other services in the product pipeline include interest rate products, alpha products, and custodian services, which will begin rolling out in Q2 2020.

Speaking about the evolution of the financial markets at Davos, Sun added, “2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand. As we enter the next phase of crypto, Huobi is taking an active role in setting new standards for institutional and retail clients alike.”

Since the establishment of the GIB division in Q3 2019, Huobi’s institutional business has grown 400% to 1,700 institutional clients onboarded. GIB currently has offices in LondonSingapore, and Hong Kong and will be a top priority for Huobi in 2020 as it continues to expand globally.

For more information about Huobi Brokerage, visit https://institution.huobi.io/en-us/agency-business/brokerage.

Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established in 2013, the company’s Huobi Global exchange accumulates a turnover that places it among the leading global exchanges. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. For more info, visit www.huobi.com 

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Crypto.com Appoints General Manager, Europe

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Finance Certification

Crypto.com, the pioneering payments and cryptocurrency platform, announced today the new appointment of Mariana Gospodinova as General Manager, Europe. Gospodinova joins Crypto.com from Binance, where she headed the operations in Europe and looked after the successful launch of the crypto to fiat exchange and other local initiatives. Prior to this, she held leadership roles in the payment industry with European companies including Skril (now Paysafe) and SysPay, focusing on building up a payment platform in line with regulatory and card scheme requirements.

Kris Marszalek, Co-Founder and CEO of Crypto.com. “Mariana is a rare example of a seasoned executive with expertise in both Crypto and Payments space. I’m absolutely thrilled to welcome Mariana to the leadership team as we begin to scale our European business,” said Marszalek. “We look forward to working together as a team to continue our efforts in being a fully-compliant industry leader to drive the mass adoption of cryptocurrency.”

“With its focus on security and compliance, Crypto.com has built a great reputation with customers, regulators and industry partners. I look forward to utilising my experience to contribute to its growth as we expand rapidly in Europe across different product lines,” said Gospodinova. “It’s a true honour to be part of this team and work together to achieve our vision of ‘cryptocurrency in every wallet.'”

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TaxBit Raises $5 Million In Funding to Automate Cryptocurrency Tax Compliance

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TaxBit

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is announcing today a seed round of $5 million, with some of the industries’ biggest names participating. Investors include Fintech venture firm, TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC, who previously led TaxBit’s pre-seed round, and more. This funding is representative of the shift in how Americans are beginning to look at cryptocurrency in regard to taxes and government regulations.

The IRS has been vocal as to properly reporting cryptocurrency taxes. This past summer, the IRS sent out tens of thousands of audit notices to US cryptocurrency traders, followed by releasing new cryptocurrency tax guidance in the fall. To top it all off, the IRS included a new question on its 2019 tax return form which requires all US taxpayers to attest whether they acquired, sold, or exchanged cryptocurrency at any point during the taxable year.

TaxBit, founded by CPAs, tax attorneys, and software developers, has a mission to enable widespread cryptocurrency adoption by automating the regulatory hurdle of tax compliance. Austin Woodward, CEO and Founder of TaxBit (as well as CPA) says, “In such a highly regulated space with so many complexities, TaxBit is needed to remove the burden of proper cryptocurrency tax reporting from the shoulders of crypto users, exchanges, and merchants.” He continues, “TaxBit’s software and tax experts will accurately handle all of the back-end complexities, while providing users with an intuitive, user-friendly experience on the front-end.”

Salt Lake City-based TaxBit launched its consumer product in January 2019 and has since helped thousands of cryptocurrency users automate their taxes. The company’s consumer product is often referred to as the “TurboTax of crypto”, as users can easily use TaxBit’s do-it-yourself platform to produce all of their required crypto tax forms in minutes.

Winklevoss Capital Partner, Sterling Witzke, also agrees that, “Navigating cryptocurrency tax laws is a byzantine process. TaxBit’s technology eliminates this confusion and complexity by allowing crypto owners to seamlessly understand the full picture of their tax liability through an intuitive and easy-to-use platform. Solving for this pain point is integral to accelerating cryptocurrency adoption, and we are thrilled to back TaxBit on this mission.”

In 2019, TaxBit also launched its enterprise tax center suite that is now being deployed by cryptocurrency exchanges and merchants. Similar to the tax centers provided by equity trading platforms, TaxBit’s tax center suite facilitates tax compliance for enterprises and their users through a technology driven platform.

TaxBit plans to use the funds raised to further enhance its products and accelerate customer growth, both in the United States and internationally in regions including Canada, UK, and Australia. “For cryptocurrency to proliferate further, an ecosystem of compliance tools must be created,” says Sean Banks, Partner at TTV Capital. “We are very impressed with the TaxBit team and the platform they are building. This technology is fundamental to the adoption of cryptocurrency, as it enables the industry to progress while being compliant with tax regulations worldwide.”

Filing taxes is an intimidating process, as is. With the IRS’ new guidelines and requirements regarding cryptocurrency, it has become even more difficult. TaxBit strives to lessen the stress and simplify the process for merchants, individuals, and exchanges, alike. With a strong and qualified internal team, TaxBit is able to provide accounting software with immutable and secure tax data, at a time when it is most critical.

ABOUT TAXBIT
TaxBit was founded by CPAs, tax attorneys, and software developers in order to enable widespread cryptocurrency adoption by automating the regulatory hurdle of tax compliance. TaxBit’s software is used by thousands of everyday crypto users, in addition to crypto exchanges and merchants with regards to their 1099 and enterprise reporting requirements. TaxBit is located in Salt Lake City, UT. To learn more visit: www.taxbit.com

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ArBinance Makes Arbitrage Trading Easier

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ArBinance

ArBinance is a cryptocurrency arbitrage platform. It allows traders to benefit from the difference in price value between cryptocurrency markets.

The platform, which deals with over 100 cryptocurrency exchanges, aims to make arbitrage trading easier for professional and novice traders alike. The trading platform uses its specially designed software that is both highly functional and easy to use for traders.

Seeing that arbitrage is not only about finding beneficial trades but making them promptly, ArBinance’s software is built with efficiency in mind. The platform’s application instantly identifies profitable trade opportunities and acts upon them just as swiftly. This process makes sure that individual traders could benefit from market events within seconds of their initiation.

ArBinance is Allowing Users to Take Fair Advantage of Arbitrage

Arbitrage trading refers to the practice of benefiting from the difference in price value between various markets. When traders spot this price difference, they buy the asset from the lower-cost market and sell it in a place where it is at a higher price.

This difference is simply a fraction of the total price of the asset. As such, buying and selling it in a single transaction does not bring in massive profits. But when this price difference is spotted, and essential purchases or sales are made a few times a day, it could bring in astounding results. That’s one of the many reasons why arbitrage trading is so prevalent in conventional markets.

As the cryptocurrency market grows with more and more exchanges, arbitrage trading has also started to gain significant traction within the sector. More exchanges mean more opportunities to spot pricing differences, which translates to higher profitability.

Traders must be their best at all times to determine the price difference between hundreds of exchanges. Since no one can keep up with an avalanche of trades, traders are not able to gain full advantage of arbitrage trading even if they want to do so.

That is where automated solutions such as ArBinance come in.

ArBinance Offers Targeted Arbitrage Solutions

To help traders make the most out of arbitrage trading, ArBiance has designed an intuitive interface. The application is easy to use and boasts of a few significant functions, such as the ability to perform automated arbitrage trading. Trades are possible even when users are away from their computer screens.

ArBinance works round the clock and lets its users take advantage of 24/7 arbitrage to make sure that they never miss out on potential gains. The automated platform has been designed to spot price differences in over 100 hundred cryptocurrency exchanges and make trades instantly. This way, traders can benefit from relevant opportunities without manual tracking of prices or execution of trades.

ArBinance provides its arbitrage solutions through its website, where interested traders could sign up to use its services. To learn more about ArBinance and its offered trading solutions, head to ArBinance.com today.

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SoFi Introduces Crypto Trading With SoFi Invest

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SoFi

SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.

Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.

“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”

SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring, which included the first two zero-fee ETFs on the market, as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.

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Jason Lau, CISO at Crypto.com Accepted into Forbes Technology Council

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Crypto.com, the pioneering payments and cryptocurrency platform, today announced that the company’s Chief Information Security Officer (CISO) Jason Lau has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

Jason was vetted and selected by a review committee based on the depth and diversity of his experience. He has over 18 years in consulting experience for Fortune 500 companies in the fields of management consulting, cybersecurity, IT governance, privacy and risk management, and holds multiple certifications. Jason has won multiple awards including the “Cybersecurity Professional Award”, and “Outstanding Financial Technologist of the Year (Data Privacy)”, and voted a “Top 50 global thought leader and influencer on cybersecurity.”

He sits on industry advisory groups and participates on various global security and privacy think tanks, including the Centre for Information Policy Leadership (CIPL). Jason is also an Adjunct Professor of cybersecurity and data privacy at one of Asia’s leading business schools, and the regional lead, co-chair and faculty member of the International Association of Privacy Professionals (IAPP). Criteria for acceptance into the Forbes Technology Council include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Jason into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

Jason Lau, CISO of Crypto.com, said: “I am extremely honored and excited to be invited into the Forbes Technology Council community, which is full of some of the most inspiring and accomplished technology minds today. The supportive network and vast readership of Forbes provides a unique platform on which I’m able to share insights gained over my almost two decades of experience in cybersecurity and information privacy. With a global shortage of cybersecurity professionals today, I will leverage the visibility of the Forbes Technology Council to provide some insights into current and future cyber threats, and how we can work together to tackle these emerging challenges. I would like to thank Forbes Councils for recognizing my leadership and commitment in these fields.”

As an accepted member of the Council, Jason’s membership includes:

  • Access to a variety of exclusive opportunities designed to help reach peak professional influence.
  • The ability to connect and collaborate with other respected local leaders in a private forum.
  • Invitation to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.
  • Exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.

ABOUT FORBES COUNCILS

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 200+ strong team. For more information, please visit www.crypto.com.

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Huobi DM Marks One-Year Anniversary With Plans To Launch Perpetual Swaps

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Huobi DM, Huobi’s innovative crypto contract service platform, celebrates the service’s one-year anniversary with a new product offering. In Q1 of 2020, Huobi DM will launch perpetual contracts in a sign of how far the platform has come. Perpetual contracts are the derivative products similar to a traditional futures contract but without expiry or settlement.

To come to this point, Huobi DM has come a long way. In terms of overall daily volume, Huobi DM outperformed several competitors based on AiCoin’s 24h trading volume data. According to the dataset, as of November 18, 2019, Huobi DM led major competitors with $2.1 billion in daily transactional volume. From October 1 to November 15, 2019, the daily average volume on Huobi DM surpassed $2.5 billion. As for BTC contracts, Huobi DM’s average daily volume was over $1.5 billionOctober 26 saw the peak of total 24-hour volume for both DM and BTC contracts, with $9.9 billion and $6.7 billion respectively.

According to Jason Lan, Vice President of Huobi Group, “the wealth of products added to Huobi DM reflects the overall strength of the platform”. Lan highlighted DM’s Sentiment Index function in October as a particularly exciting development. The Sentiment Index function releases open interest, liquidation, long and short data to users, which enables better market analyses and decisions. Huobi DM is also updating its API to support more order types such as advanced limit orders.

Huobi DM is already available in 6 languages, which are Chinese, English, Russian, Vietnamese, Turkish, and Korean. The recent launch of Vietnamese trading services was accompanied by promotional activities for Huobi DM in Vietnam. Also, Huobi DM covers the 9 major cryptocurrencies of BTC, EOS, ETH, BCH, LTC, XRP, TRX, BSV, and ETC.

For Huobi DM’s future development, Lan stated that “our platform will expand to more diverse markets and add more product types, with perpetual contracts are just a start. With more languages and markets, we can have more localized offices and events.”

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your trading ability and make decisions prudently. Please note that users must pass the requisite KYC checks and assessments prior to commencing usage of Huobi DM. For more information on Huobi DM, please visit www.hbdm.com

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USDT-Margined Futures Live on OKEx

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OKEx

OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 52019, BTC/USDT Futures Contracts officially went live today (November 14) on OKEx futures market.

Served as a virtual derivative product that is quoted and settled in digital token USDT, BTC/USDT contract has a face value of 0.0001 BTC. The available range of the leverage is 0.01-100x.Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively. OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.

Key features include:

  • Leverage Level: 0.01-100x
  • Face value: 0.0001 BTC
  • Tice Size: 0.1
  • Trading Hours: 24/7
  • Daily Settlement: 08:00 (UTC)

Advantages of USDT Futures Contracts include:

  • Linear Contract – without the need to hedge the margin risk of inverse contracts
  • Efficiency and Low-cost – trade without the hassle of switching between cryptocurrencies
  • Comparatively Stable – reduce the risks induced by the volatility of the collateral’s price for future contacts and simpler calculations
  • Intuitive Trading Experience – similar to spot trading with the addition of leverage, it is easier for users to master the trading system.

“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community,” said Jay Hao, CEO of OKEx. “At OKEx, we’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests. We’re excited to add USDT linear contract to our Futures market and next on the Perpetual Swap market to meet the interests of our growing international user base.”

Other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market will be soon launched.

About USDT-margined Futures, please refer to “OKEx Futures with USDT margin Trading User Agreement & Guide“.

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BitMEX platform now in Trade-mate.io

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BitMEX

Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.

This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.

Trading on BitMEX

BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.

Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.

Minimizing the risk of loss

Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.

Cross-margin

Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.

Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.

Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.

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Why use Trade-mate.io platform

One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.

A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.

Trailing mode

The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:

1. Trailing take profit

In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.

2. Trailing stop loss

The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.

3. Trailing ladder

Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.

It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.

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Edit a task

In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.

In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.

Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.

Copy on BitMEX

BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.

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Sygnum granted capital markets services licence for asset management in Singapore

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Sygnum

Sygnum, the digital asset technology group based in Singapore and Switzerland, announced today that it has successfully obtained a capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS) (1).

The company recently received its banking and securities dealer licence from the Swiss Financial Market Supervisory Authority (FINMA). With the CMS licence, Sygnum can now conduct asset management activities in Singapore, and will focus primarily on digital asset investment strategies for institutional and private qualified investors.

The first product will be a multi-manager fund (also referred to as a “fund-of-funds”), which allocates investments across a portfolio of managers that tap into the global digital asset opportunity using different and uncorrelated investment strategies. This will soon be available in Switzerland through Sygnum’s banking platform to institutional and private qualified investors.

Sygnum’s team has interdisciplinary expertise across digital assets and traditional asset management, and partners with a number of specialist digital asset fund managers. At the same time, Sygnum uses a systematic portfolio construction methodology, supported by a rigorous manager and operational due diligence process to mitigate the risk of investing in this new asset class.

“The CMS licence is an important milestone to establishing our asset management arm, leveraging the vibrant financial environment in Singapore. This is complementary to our banking services in Switzerland and will also benefit our Swiss institutional and private qualified investor clients,” said Sygnum Head of Asset Management, Stefan Mueller.

“Our dual location – in Singapore and Switzerland – is one of the cornerstones of our strategy. This is reflected across team, advisory council, board of directors as well as investor base. All have been instrumental in our achievements so far across both countries,” added Sygnum Co-Founder and CEO Singapore Mathias Imbach.

Sygnum has an outstanding board of directors and advisory council, with a list of established names across both countries. In Switzerland, this includes BlackRock vice-chairman Dr. Philipp Hildebrand and former UBS Group CEO Peter Wuffli. They are joined in Singapore by ex-MAS regulator Chua Kim Leng, and Singapore sovereign wealth fund, GIC, board members Hsieh Fu Hua and Ang Kong Hua. Hsieh and Ang also hold various leadership and board positions in other key Singapore institutions. Most recently, the company has further strengthened the organization with the appointment of Jennifer Lewis, former managing director of communications at GIC, as an advisor to the Singapore leadership team.

About Sygnum

Sygnum is the world’s first digital asset bank. With its Swiss banking and securities dealer licence, as well as its capital markets services licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks and other financial institutions to invest in the digital asset economy with complete trust. The company is the first digital asset bank with an independently controlled, scalable and future-proof regulated banking solution. Sygnum’s interdisciplinary team of banking, investment and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore banking heritage and operates globally. To join Sygnum, preboard at www.sygnum.com/preboard today.

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