News
Kraken continues expanding product offerings beyond cryptocurrencies in a bid to become a one-stop shop for online market trading.
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Forex News
Forex, or the foreign exchange market, is a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate. Forex trading includes the buying, selling and exchanging of currencies for the currently determined prices, which are provided by forex brokers — the intermediaries that allow for the purchases of currency with additional transaction fees. Bitcoin forex trading is a new opportunity provided by some forex brokers that is gaining popularity among high-risk traders, due to the high volatility that provides the chance to gain a much larger profit than any fiat currency can provide. It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position. However, the inclusion of Bitcoin in the current forex market is a big step for the cryptocurrency industry.
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Argentina has emerged as the top market by numbers of visitors on Binance, one of the world’s largest crypto exchanges.
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The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance.
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China’s Supreme People’s Procuratorate has warned that using Tether as a medium of exchange between local and foreign currency is illegal.
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The latest bust is another salvo in China’s war on capital flight — which some believe is the real reason behind the country’s continued ban on cryptocurrencies.
4525 - News
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.
3088 - Spotlight
This Swiss platform unifies traditional finance experience with DeFi, coining the term “MEX” with its Smart Engine meta-exchange.
29464 - Explained
Forex trading involves the exchange of traditional fiat currencies, while cryptocurrency trading involves the buying and selling of cryptocurrencies.
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The move reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets.
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Forex trading skills can be used to improve crypto trading performance.
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If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities.
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Crypto holders can get synthetic exposure to Forex pairs directly on-chain thanks to decentralized leveraged trading platforms.
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A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.
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The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.
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The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market.
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