Huobi Launches OTC Desk for Institutional Investors

Speaking at a unique Huobi meetup occasion in New York, Adams also stressed a surge of interest by standard traders who “are still uncomfortable jumping into unregulated trading environments.”

Based on the announcement, Huobi OTC Desk supports main cryptocurrencies including bitcoin (BTC) and ether (ETH), as well as fiat currencies such as the United states dollar (USD), euro (EUR), and British pound sterling (GBP).

The launch of Huobi’s regulated OTC Desk follows the firm’s acquisition of a Distributed Ledger Technology (DLT) license in the Gibraltar FSC in late 2018, which enabled the exchange to attract institutional investors.

OTC trading has noticed improved recognition recently, with Binance exchange reporting that its OTC offering drove major earnings for the exchange in Q1 2019.

Crypto Exchange Seed CX Adds Support for Three Stablecoins

The new stablecoin additions is often traded for U.S. dollars beginning Might 17, along with the exchange is aiming to roll out trading pairs amongst the stablecoins and other fiat currencies for example the euro in the close to future. Seed CX CEO Edward Woodford commented on the impetus to add stablecoin possibilities: “Stablecoins are significant in the ecosystem as they improve the velocity of movement of fiat equivalent assets 24/7 and had been requested by a number of our trading participants.”

For margin trading, the press release states that these 3 stablecoins is often utilized as collateral having a minimum holding requirement of 10%, which permits investors to trade up to 1,000% on the value for their present stablecoin holdings.

As not too long ago reported by Cointelegraph, big crypto exchange Binance looks like it is going to be rolling out help for margin trading for nine trading pairs.

When not but confirmed, the public Application Programming Interface (API) has been lately updated to incorporate the variables “isSpotTradingAllowed” and is “isMarginTradingAllowed.”

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Wednesday, Might 15 – All of the top 20 coins are inside the green immediately after seeing some losses more than the past day, with some reporting double-digit gains, according to Coin360.

The leading digital currency bitcoin (BTC) is up over 4% on the day, trading at $8,135 at press time immediately after reaching above $8,200. Earlier currently, bitcoin dropped beneath the $8,000 cost point to trade as low as $7,807. On its weekly chart, bitcoin saw its lowest price point at $5,942 on Could 8, although its highest value point was $8,265 on Might 14.

These days, Erik Voorhees, CEO of instant cryptocurrency exchange platform ShapeShift, argued that the volatility seen in bitcoin and altcoin markets over time is often a important phenomenon to get a nascent asset, stating that bubbles are an essential part of the industry’s growth.

Ripple (XRP) has gained almost 9.59% around the day, and is trading at $0.432 at press time. The altcoin began the day close to $0.399, gradually reaching the existing cost point. More than the week, the third biggest cryptocurrency by market cap registered its lowest value point at $0.294 on May possibly 10 and hit the highest value of around $0.438 earlier today.

Bitcoin cash (BCH) – which went by means of a planned challenging fork update earlier nowadays – is trading at $393.76 at press time, up by 4.94% more than the past day.

Total market capitalization of all digital currencies is about $250.four billion at press time, possessing started the day at about $231 billion.

As CNBC reported earlier today, spot gold was up 0.1% at $1,298.26 per ounce, possessing hit its highest level considering that April 11 at $1,303.26 on Tuesday. U.S. gold futures settled $1.50 greater at $1,297.80.

The Dow Jones Industrial Average reportedly closed up 115.97 points at 25,648.02 immediately after falling as significantly as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at two,850.96 while the Nasdaq Composite rose 1.1% to 7,822.15.

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