ACN Newswire
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Tiger Brokers Singapore Achieves 100% Growth in Account Openings for Three Consecutive Quarters in 2020; Continues to Focus on Untapped Gen Z Market

aseanpr
8 minutes

- Sees Singapore as a huge potential growth market for online trading especially among the younger Singaporeans who are getting more savvy with investing online. SINGAPORE, Apr 6, 2021 - (ACN Newswire) - Tiger Brokers Singapore, the Xiaomi-backed online trading platform, today revealed continued exponential growth and momentum among its user base in Singapore. The online and mobile-focused brokerage saw 100% growth in customer accounts for three consecutive quarters in 2020. Wu Tianhua, Chief Executive Officer of UP Fintech Holding Limited shared, "The total addressable market in Singapore is huge. The country has one of the highest rates of digitalisation in the world, and a nation-wide preference for digital banking which is supported by high tech infrastructure and key fintech initiatives led by the government, making it a very attractive and relevant market for Tiger Broker's services. This is a market that has huge potential for us, and we are working hard for incremental market growth, especially focused on younger Singaporeans who are getting more savvy with their investment needs." Eng Thiam Choon, Chief Executive Officer of Tiger Brokers Singapore, also...

SeaPRwire

Crypto exchange BitMEX founder surrenders to face money laundering charges

elean
2 minutes

NEW YORK (BLOOMBERG) - One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid US anti-money laundering laws. Benjamin Delo, who traveled to New York from the UK, was arraigned before US Magistrate Judge Sarah L. Cave during a remote proceeding on Monday (March 15). He pleaded not guilty and was released on a US$20 million (S$26.9 million) bail bond. The terms of his bail allow him to return to the UK. An Oxford-educated computer scientist who previously created high-frequency trading systems for JPMorgan Chase & Co, Delo founded BitMEX with Arthur Hayes and Samuel Reed in 2014. Once the world's largest crypto-derivatives exchange, Bitmex invented perpetual Bitcoin futures that were easy for retail investors to understand and gained popularity for letting investors leverage their bets. All three were charged in October by federal prosecutors in New York with flouting banking laws while serving US customers. The government said the executives ignored requirements that it register with the Commodity Futures Trading Commission and set up programs to make sure it wasn't used for illegal purposes. "The char...

ACN Newswire
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KPMG Nominates Virtual Exchange, HKVAX, as 2020 Fintech Leader

indie
2 minutes

HONG KONG, Feb 1, 2021 - (ACN Newswire) - HKVAX, an Asian startup focused on developing a compliant virtual asset exchange, has been nominated for KPMG's "2020 China Leading Fintech 50", alongside other notable fintech companies such as Futu, Ping An and CCB Fintech.HKVAX is focused on developing a compliant trading environment for virtual assets and is expecting to be licensed in 2021 subject to regulatory approval. The approved licenses would allow HKVAX to legally operate a regulated virtual asset exchange and to deal in securities.The platform will provide a curated venue for professionals and institutions to trade virtual assets and offer catered listing rules and guidance for virtual assets and security tokens. HKVAX also provides "24/7 Real-Time" transactions around the clock with market liquidity to allow trading operations to function efficiently and effectively.HKVAX also has plans to launch their licensed institutional grade custodian solution in early Q2 of 2021. The TCSP license was received earlier in 2019 making HKVAX a fully licensed trust company and is compliant with the strictest AML, CTF, FATF and other global regulatory requirements. This allows HKVAX to provid...

JCN Newswire
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Norwegian Block Exchange (NBX) Raises Capital for Growth

ruth
2 minutes

OSLO, NORWAY, Jan 10, 2021 - (JCN Newswire) - Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84 million) private equity placement with Pareto Securities, a leading investment bank in the Nordics, acting as sole lead manager and guarantor of the deal. The funding ensures that NBX can further develop its cryptocurrency exchange, custodian and payment systems, as well as new products relating to digital assets and E-money banking.Since public launch in April 2020, NBX has been working towards becoming the preferred provider of digital asset services in the Nordic region. Thus far the platform has attracted more than 7,000 customers, including large institutional investors. In so doing, NBX was able to engage major Norwegian investors and successfully close their 60 million-krone equity offering, which will help them achieve the ultimate goal of becoming a digital asset bank. On the equity placement, NBX co-founder and CEO Stig Aleksander Kjos-Mathisen said, "I am elated that NBX has managed 60 million kroner in a private placement. This funding will provide NBX with the financial resilience needed to pursue a banking license, thus becoming o...

ACN Newswire
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Norwegian Block Exchange Secures Large Private Investment

indie
2 minutes

Oslo, Norway, Jan 9, 2021 - (ACN Newswire) - Just before entering 2021, Norwegian Block Exchange has received a 60 million NOK investment that was arranged by Pareto Securities -- the leading investment bank in the Nordics, that acted as the sole manager and book-runner. This puts NBX in a prime position to continue to develop its trading platform for cryptocurrencies and digital assets, as well as new products related to banking and E-money licenses. Ever since their public launch in April 2020, NBX has been working towards becoming a preferred digital assets services provider in the Nordics. Since then, the product has attracted over 7000 clients, including institutional accounts, which, in turn, allowed them to grow their trading volume up to 20 million NOK by November. In doing so, they were able to engage major Norwegian investors and successfully close their most recent, 60 million NOK placement, which will help them to achieve the company's ultimate goal of becoming a digital asset bank, further down the line. On the private placement, NBX's Co-Founder and CEO, Stig Aleksander Kjos-Mathisen said, "I am very pleased that NBX has successfully raised 60 million NOK in a private...

SeaPRwire
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XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading

elean
2 minutes

LONDON (REUTERS) - Cryptocurrency XRP slumped 19 per cent on Tuesday (Dec 29) after Coinbase, a major US virtual coin exchange, said it would suspend trading in the digital currency. California-based Coinbase said on Monday it would suspend trading in XRP after the US Securities and Exchange Commission (SEC) last week charged an associated blockchain firm, Ripple, with conducting a US$1.3 billion unregistered securities offering. Ripple has rejected the charges, saying XRP is a currency and does not need to be registered as an investment contract. XRP, the third-biggest cryptocurrency, was last down 18.7 per cent at an intra-day low of US$0.20, its lowest since July. It has slumped by over half since the SEC move. The move by Coinbase comes as it prepares for a stock market listing, with a confidential application to the SEC to go public. It would be the first major US crypto exchange to list on the stock market. Coinbase, one of the most well-known cryptocurrency platforms, said trading in XRP moved into limit only from Monday, and would be fully suspended on Jan 19. Financial regulators around the globe are still grappling with how to regulate bitcoin, XRP and rival cryptocurrenc...

SeaPRwire
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Coinbase to suspend trading in XRP after US suit against Ripple

elean
1 minute

BENGALURU (REUTERS) - Cryptocurrency exchange Coinbase said on Monday (Dec 28) it would suspend trading in cryptocurrency XRP after US regulators last week charged associated blockchain firm Ripple with conducting a US$1.3 billion (S$1.7 billion) unregistered securities offering. The move by San Francisco-based Coinbase comes as the firm is preparing for a stock market listing and has confidentially applied with the US Securities and Exchange Commission to go public. It would be the first major US crypto exchange to list on the stock market. Coinbase said trading in XRP moved into limit only from 2:30pm Pacific time on Monday, and would be fully suspended on Jan 19 at 10am. The SEC has charged two Ripple executives for personal gains they received from the offering. Ripple created and sold XRP, the third-biggest cryptocurrency by market value. Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries. More on this topic Related Story Cryptocurrency exchange Coinbase files for IPO as Bitcoin soars past US$23,000 Related Story Booming crypto market a potential haven for money laundering: Stu...

ACN Newswire

Huatai Securities becomes first London Stock Exchange Registered Market Maker from Asia

indie
3 minutes

BEIJING, Dec 14, 2020 - (ACN Newswire) - Huatai Securities Co., Ltd. (601688.CH; 6886.HK; HTSC.LI; "Huatai Securities" or "The Company") today announced that its wholly-owned subsidiary, Huatai Financial Holdings (Hong Kong) Ltd. (" Huatai Financial"), has commenced its Global Depository Receipts (GDR) market making business, becoming the first Registered Market Maker from Asia on London Stock Exchange.Huatai Securities leverages its leading technology-driven risk analytics and trading platforms to provide liquidity to the markets and trading solutions to its clients. The Company is a top-ranked liquidity provider in its home market and aims to extend its competitive advantage to the international markets. Zhou Yi, CEO of Huatai Securities, said: "We are delighted to become a Registered Market Maker on London Stock Exchange, representing yet another milestone in our journey of international business expansion. As a trailblazer, Huatai Securities was the first GDR issuer on London Stock Exchange to raise capital via the Shanghai-London Stock Connect mechanism in 2019. Becoming the first Registered Market Maker from Asia further strengthens our international brand and recognition. Th...

ACN Newswire
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Apple Co-founder Steve Wozniak’s New Ambition Kicks Off on HBTC

indie
5 minutes

SINGAPORE, Dec 14, 2020 - (ACN Newswire) - Steve Wozniak, Apple's co-founder, is dedicated to developing a new blockchain project called Efforce. With the purpose of funding energy-efficiency projects, Efforce launched its token WOZX on HBTC.com, a 100% Token Holder Owned Trading Platform. The cooperation between a high-tech team backed by Wozniak and a leading team from the blockchain industry has shown us an ambition that may end up a revolution in the environment and energy industries.After success with Apple, Wozniak was attracted to the technology of blockchain and use of cryptocurrencies. As a believer in blockchain industry and cryptocurrency economics, Wozniak and other industry veterans founded the energy-efficiency company Efforce. Efforce is a blockchain-based energy saving platform which provides an innovative way for companies to fund energy-efficient projects and save energy expenses. Launching a token named WOZX, Efforce allows contributors to fund energy efficiency projects by investing in WOZX and be repaid in tokens representing the energy savings achieved. The energy efficiency market has always been too complex for retail investors. However, with the innovative ...

ACN Newswire
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Top Digital Exchange Bithumb Lists CyberVein Native Token CVT

indie
2 minutes

SINGAPORE, Dec 9, 2020 - (ACN Newswire) - CyberVein, the next generation big data and analytics company, has announced a major breakthrough in its listing strategy: effective today, CyberVein's native token CVT will be traded on South Korea's oldest and largest digital asset exchange platform, Bithumb. Bithumb was established in 2014 and now offers hundreds of trading pairs. With daily trading volumes exceeding $500,000,000, the South Korean exchange firmly occupies sixth place on CoinMarketCap's exchanges list. The CVT being listed on Bithumb today signifies yet another major leap in CyberVein's overseas strategy, and the company's major achievement in the South Korean market. In addition, the exchange will offer fiat on-ramp and off-ramps for CVT, as the CVT/KWR trading pair is the first to launch."This is one of the most important achievements for CyberVein in 2020," stated Jack Ge, CyberVein's Global Ambassador. He continued: "It's important for our company to continue being listed on prime exchanges to access new markets and tap into new pools of liquidity. Moving forward, CyberVein will continue to establish robust partnerships, expand our ecosystem and strive for another pea...

SeaPRwire
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VaultSwap Announces Its Token Sales and Exchange Listings

pandora
4 minutes

Singapore - Swapping cryptos on an exchange can be incredibly inefficient, as no exchange has all the coins in one fold. VaultSwap a project by Jason Wright, which is also the CEO zenomatrix.net, intends to proffer a solution to this problem. It has several high-paying investment schemes that reward investors for their confidence in the project. What Is VaultSwap? VaultSwap is a blockchain-powered exchange and Yield Farming where users can swap one cryptocurrency for another. VaultSwap is completely decentralized, as it also supports staking applications. Some of the groups that will receive VAULT after the token sale are Pre-Sale, Staking platform, as well as Exchange listings. The team behind VaultSwap comprise of technocrats who understand the dynamics in the asset swapping ecosystem. The team has a track record of delivering on their promises. Where to Buy VAULT Tokens The VAULT tokens sale is live. The sales started on November 20th and will end on December 20th. The maximum supply is 200,000 VAULT with 5,000 ETH hard cap. The team behind VaultSwap has also announced that VAULT will be listed on P2Pb2b. More listings are expected in the coming weeks. Token Sale Link Interested...

SeaPRwire
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Aurix, the World’s Most Optimized Exchange, Announces Its Pre-Sale

pandora
4 minutes

Constanta, Romania - One of the greatest challenges netpreneurs are faced with is having a trustworthy platform to transact businesses. With the incessant cases of fraud, hacking, and identity thefts, people conduct businesses with trepidation on various platforms. This has impacted businesses negatively. However, Aurix presents the solution that will give online traders and business owners the ability to trade with peace of mind and at the same time enjoy transactions with the speed of light. Why Aurix is different from the pack Aurix comes with state-of-the-art features designed to give you security, ease, and comfort. Some of the amazing features of the platform include: Secure transactions: Aurix has an unbeatable speed of execution that makes all transactions quick and efficient. Besides, the data on the platform comply with PCI DSS standards, and the platform is safe from DDoS attacks. Quick and easy: Transactions are fast, and at the same time, the site is user-friendly. The transaction fee is highly competitive, compared to other related platforms. Trustworthy: Aurix is highly trusted across the world because of our continued pursuit of innovation, and inventive features ca...