Binance will launch a new digital asset trading platform in 2020 in the United Kingdom to serve its increasing institutional clientele.
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Category: institutional investment
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Open Interest on CME Bitcoin Options Is Up 1000% So Far This Month
CME Bitcoin options open interest has soared to $142 million in the first half of May, marking an increase of over 10 times the value at the end of last month.
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Morgan Stanley Is Still Struggling to Understand Bitcoin
Like many late arrivals to cryptocurrency, Morgan Stanley doesn’t quite know what to make of bitcoin. The investment bank understands money, unless that money is peer-to-peer digital cash, in which case it struggles. Its latest report into the cryptocurrency ecosystem reveals its shifting stance on bitcoin. Also read: Bitcoin.com Store Now Offers Hundreds of Top-Branded Gift […]
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Giant Bitcoin Merchant Bank Posts Losses Over $130 Million
Galaxy Digital, one of the earliest and largest cryptocurrency merchant banks in the space, founded by billionaire Mike Novogratz, posted first quarter earnings. Published accounts suggest the firm has lost $134 million due to a combination of an extended bear market and the usual course of starting a large company. Many analysts wonder aloud what […]
The post Giant Bitcoin Merchant Bank Posts Losses Over $130 Million appeared first on Bitcoin News.
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Altcoins Are Dying
Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength […]
The post Altcoins Are Dying appeared first on Bitcoin News.
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Bitgo Snaps Up Kingdom Trust, Paving the Way for Custodial Cryptocurrency Offerings
Bitcoin payment specialists Bitgo have announced the acquisition of Kingdom Trust, an investment firm with custody of over $12 billion in assets. The move will enable the South Dakota-based Kingdom Trust Company to offer custodial cryptocurrencies such as bitcoin, ripple, and ethereum to its investors. This will make it easier for traditional investors to enter […]
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