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Exchanges

Binance to Shut Down in Malaysia, Scales Down Derivatives in Europe

  • The Malaysian Securities Commission has issued a notice ordering Binance to stop offering its services in the country.
  • The exchange also revealed that its clients in Germany, Italy, and the Netherlands will no longer be able to open new futures and derivatives accounts.

Huobi Launches New Digital Asset Mining Platform

  • Primepool will enable users to participate in the launch of new premium projects on Huobi.
  • Users will be able to "mine" new assets by staking HT or ETH, receiving rewards in the form of new tokens.

Synthetix Goes Live on Optimistic Ethereum L2

  • During the initial testing phase, Synthetix exchanges will be enabled for sUSD, sBTC,sETH, and sLINK trading on Optimistic Ethereum L2.
  • Optimistic Ethereum is set to bring significant improvements to Synthetix, including lower fees and better trade security.

Okcoin Secures Crypto Licenses in Malta and the Netherlands

  • The company has secured approval from the Malta Financial Services Authority and formal registration from the Dutch Central Bank.
  • The licenses will enable the company to establish additional banking partnerships and payment rails in Europe.

Block.one’s Bullish Exchange Launches Private Pilot Program

  • The 7-week private pilot program will offer a select group of retail and institutional investors the opportunity to use Bullish.
  • The exchange will feature a unique Hybrid Order Book, yield-earning Liquidity Pools, and top-notch security.

ZKSwap Launches V2 With Unlimited Token Listing, Custom Fee Tokens, and L2 Deployments

  • ZKSwap is targeting a Layer-1 Ethereum mainnet launch on 28 July, with L2 deployments on BSC, HECO, and OEC to follow soon after.
  • V2 will enable users to list any ERC-20 token and choose between 4 different tokens when paying withdrawal fees.

Binance Cuts Down Leverage Limit to 20x

  • Binance announced it is lowering its futures trading leverage limit from 125x to 20x only a day after another major exchange, FTX, did the same.
  • The New York Times implied regulators will be shifting their gaze on to high leverage margin trading soon, citing a former U.S. SEC chairman on Friday.

Currency.com Joins CryptoUK as Executive Member

  • Currency.com has become the 10th executive member of the association, joining the ranks of Crypto.com, eToro, Ripple, and others.
  • By joining CryptoUK the company plans to "drive greater dialogue and collaboration with regulators and policy makers" in the country.

Upcoming Crypto Exchange Receives BNY Mellon Backing

  • Bank of New York Mellon has followed in the steps of State Street in supporting the soon to be launched Pure Digital exchange.
  • BNY Mellon has offered to provide custody support, while State Street will contribute with its trading infrastructure and technology.

FIS’s Worldpay Partners With OKCoin Exchange

  • OKCoin will leverage Worldpay's services to enable its customers to buy crypto with credit and debit cards.
  • OKCoin Jason Lau said Worldpay's experience will help the exchange expand into global markets.