The CEO and co-founder of neobank Canza Finance claims that utilizing Baki for foreign exchange trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at a reduced cost.
This Swiss platform unifies traditional finance experience with DeFi, coining the term “MEX” with its Smart Engine meta-exchange.29027
Forex trading involves the exchange of traditional fiat currencies, while cryptocurrency trading involves the buying and selling of cryptocurrencies.
The move reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets.8786
Forex trading skills can be used to improve crypto trading performance.20009
If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities.7986
Crypto holders can get synthetic exposure to Forex pairs directly on-chain thanks to decentralized leveraged trading platforms.18907
A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.4342
The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.4952
The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market.6791
Major Asian financial institution DBS Bank has applied DeFi technology to a project backed by the Monetary Authority of Singapore.4128
The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform.2792
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson.4152
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.9166
- Platform leverages on-chain Forex markets supported by Chainlink to unlock the full potential of stablecoins
With help from Forex markets, non-USD stablecoins may be the ticket to recognizing the full potential of DeFi.3768