The 10 best cryptocurrency exchanges in the world to buy any Altcoins
Here is a comprehensive list of the best Crypto Exchanges in my opinion:
CoinMama: Trade gold and allow you to buy BTC and ETH instantly.
Cex: Simple and easy to use.
Gradually and steadily, Bitcoin and altcoin are getting attention from many investors around the world.
And why not? Cryptocurrencies time and again prove themselves a safe haven against government inflation policies.
That’s why some people even make a profit from cryptocurrencies, while some are pure speculation with short-term trading (i.e., buy low, sell high).
And let’s not forget beginners by looking around to find answers to questions like:
Where do I buy this currency?
What are the best crypto exchanges?
But before we talk about the best deals out there, I need to tell you that it’s not too late to be invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin markets are at an all-time high, with a market capitalization of $ 219 billion. I believe we will surpass the $ 300 billion mark by the end of this year.
So now you know you should invest, here, where you need to go to do it.
Note: This list starts with easy-to-use transactions and is geared towards some advanced deals.
CoinDCX raises USD 2.5 mn in funding round led by Polychain Capital
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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Cryptocurrency Exchange List with 500+ Exchanges (2020)
[Funding Alert] Crypto Exchange CoinDCX Raises $2.5 Million
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Cryptocurrency exchange CoinDCX has raised $2.5 million in strategic investment led by Polychain Capital. The round also saw the participation of Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency giant Coinbase.
Founded in 2018, the platform provides instant fiat to crypto conversions with zero fees. Its liquidity aggregation model provides users the access to liquidity from global crypto exchanges.
“This new strategic investment into CoinDCX is a shot of confidence in our roadmap toward bringing the crypto asset class to a largely untapped Indian market,” said co-founder and chief executive officer Sumit Gupta, in a statement.
The same year that the company launched, the Reserve Bank of India (RBI) banned the use of banking channels for cryptocurrency transactions.
The ban was quashed by the Supreme Court earlier this year.
Following the lifting of the ban, CoinDCX said it has witnessed 10x growth in sign-ups in one week, 47 per cent growth in trading volumes and 150 per cent growth in daily active users in March alone. It also claims it was the first cryptocurrency exchange in India to integrate bank account transfers on its exchange.
“As India continues to close the gap between the cryptoeconomy and the mainstream market, CoinDCX is strongly positioned to become the leading platform that consumers in the country interact with crypto through,” said Shan Aggarwal, head of Coinbase Ventures.
Apart from building the exchange and furthering its capabilities, the fresh funding will also support the company’s $1.3 million TryCrypto initiative, which includes educational initiatives, meetup events, community engagements, and consumer campaigns. Part of it will include a roll out of Academy, a blockchain and cryptocurrency learning program for first-time and novice cryptocurrency traders.
The initiative is aimed at bringing the total number of crypto users in India to 50 million.
“We have worked closely with CoinDCX from an early stage, and have continued to be impressed by the team and vision. Their thoughtful insights into the Indian market as well as their long-term product roadmap have strengthened our belief in the potential of the business,” said Olaf Carlson-Wee, founder of Polychain Capital.
Polychain had also recently led the company’s $3 million Series A round, which included participation from Bain Capital Ventures and HDR Group.
Author: Debroop Roy
Binance Rolls Out ETH and XRP Options
Popular cryptocurrency exchange Binance has just rolled out two new Ethereum and XRP options contracts, which, just like Bitcoin options, will initially only be available through the exchange’s mobile app.
The exchange started to offer Bitcoin options in mid-April. These new ETH and XRP options contracts are available for an expiry date of 10 minutes, 30 minutes, 1 hour, 8 hour and 1 day. The maximum contract size per order is 200 ETHs and 200,000 XRPs, respectively. The strike price is the last price of the corresponding contract at Binance Futures.
Binance has said that on April 20 the trading volume of its Bitcoin options reached $295M, and the day after the launch of this new investment instrument, this indicator exceeded that of its closest competitors.
Binance’s representatives claim the current options offers available in the crypto market lack liquidity, especially in the case of contracts far out-of-the-money. Binance has solved this problem by reducing the contracts available to an expiry date of 1 day.
The popular crypto exchange is constantly improving its services and offering new features. For instance, at the end of last month it was reported it had launched its own mining pool, while it was also known it had launched an Africa-focused social payments crypto app.
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Author: José Rodríguez