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.
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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.
- Spotlight
This Swiss platform unifies traditional finance experience with DeFi, coining the term “MEX” with its Smart Engine meta-exchange.
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Forex trading involves the exchange of traditional fiat currencies, while cryptocurrency trading involves the buying and selling of cryptocurrencies.
- News
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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Major Asian financial institution DBS Bank has applied DeFi technology to a project backed by the Monetary Authority of Singapore.
4128 - News
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.
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"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson.
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Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.
9166 - Sponsored
With help from Forex markets, non-USD stablecoins may be the ticket to recognizing the full potential of DeFi.
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