Ubex (UBEX) Hits Market Capitalization of $740,955.13
Ubex (CURRENCY:UBEX) traded down 4.2% against the US dollar during the 24 hour period ending at 18:00 PM Eastern on June 14th. One Ubex token can currently be purchased for about $0.0002 or 0.00000002 BTC on cryptocurrency exchanges including BitForex, Bilaxy, EtherDelta (ForkDelta) and Hotbit. Ubex has a market cap of $740,955.13 and approximately $146,993.00 worth of Ubex was traded on exchanges in the last 24 hours. Over the last week, Ubex has traded 3.6% lower against the US dollar.
Here’s how similar cryptocurrencies have performed over the last 24 hours:
Buying and Selling Ubex
Ubex can be traded on these cryptocurrency exchanges: Fatbtc, BTC-Alpha, BitMart, IDEX, Hotbit, LBank, Bilaxy, EtherDelta (ForkDelta), BitForex and YoBit. It is usually not presently possible to buy alternative cryptocurrencies such as Ubex directly using US dollars. Investors seeking to acquire Ubex should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ubex using one of the exchanges listed above.
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Author: ABMN Staff
BTC Futures Volume Posts 2020 Low, ETH Open Interest Surges
Trade volume on Bitcoin (BTC) futures exchanges has plummeted to new lows for 2020, with the BTC futures markets collective posting just shy of $5 billion in 24-hour volume on June 13.
76% of futures trading took place on OKEx, Huobi, and Binance — representing $1.4 billion, $1.3 billion, and $1.1 billion in volume, according to data published by market analysis firm Skew.
BTC futures daily volumes: Skew
The slump in activity has seen volume drop by approximately half for two consecutive days.
While Bitcoin futures activity has slumped, open interest has recently reclaimed its levels prior to the violent Black Thursday crash during mid-March — testing $4 billion for the first time in three months.
Meanwhile, open interest in BTC options has broken into new highs, breaching $1.5 billion just one month after tagging ten-figures for the first time.
BTC options open interest: Skew
The record highs have been bolstered by a 3,000% spike in open interest on Chicago Mercantile Exchange during May.
BTC options open interest on CME: Arcane Research
Open interest in Ether (ETH) options on leading market Derebit have continued to rally into record highs.
In recent days, ETH open interest on Derebit broke above $150 million for the first time, roughly double that of the previous all-time high that was broken only one month ago.
ETH open interest on Derebit: Derebit
Website Compiles List of KYC-Free Exchanges, Along With Some Warnings
A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification.
Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections.
The website currently lists 14 KYC-free trading platforms, many of which offer a peer-to-peer marketplace for crypto assets.
However, the site has listed warnings concerning more than half of the exchanges mentioned — including noting tight restrictions on verification-free use, withdrawal quirks, and requests for certain identity information despite the absence of KYC requirements.
Surprisingly, the list does not include the popular exchanges Binance, KuCoin, or BitMEX.
According to a manifesto posted by the website’s owner to Github, Kycnot.me details its mission to “preserve the decentralized and self-governed essence of cryptocurrencies” by “mak[ing] it easier for people to find trustworthy ways to buy, exchange, trade and use cryptos without needing to identify themselves.”
The post asserts that cryptocurrencies were created “to untie the dependency between the users […] and the centralized entities that are in control […] of our economy,” adding that many “KYC and AML exchanges have grown to “act exactly like a bank.”
Kycnot.me invites suggestions and recommendations from community members.
What is the exchange rate of GBP (British Pound Sterling) / USD (US Dollar) on Sunday June 14, 2020
Ready for the mid-market exchange rate of GBP (British Pound Sterling) / USD (US Dollar) for Sunday June 14, 2020?
The current rates for GBP (British Pound Sterling) / USD (US Dollar) are available in this article. As a top finance news site the Born2Invest team has analysed the latest forex market data to bring you live information that enables you to make the right forex trading call every day.
Sunday June 14, 2020 1 GBP (British Pound Sterling) is 1.25445 of USD (US Dollar) .
Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.
Considering making a trade? Forex is one of the most volatile markets in the world and there are hundreds of currency combinations to choose from. Understanding how the market works is key and we’re here to help you.
Currencies are always traded in pairs. When you buy or sell one currency you automatically buy or sell another. In every currency pair there is a base currency, in this case GBP (British Pound Sterling) and a quote currency USD (US Dollar).
The price displayed for a currency pair represents the amount of quote currency, or USD (US Dollar) you will need to spend to purchase one unit of the base currency GBP (British Pound Sterling) In this example that means you need to spend 1.25445 of USD (US Dollar) in order to purchase 1 GBP (British Pound Sterling).
Forex pairs can be grouped into three main categories; the majors, the commodity currencies, and the cross currencies:
Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.
It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.