What is the exchange rate of USD (US Dollar) / CAD (Canadian Dollar) on Monday July 27, 2020

What is the exchange rate of USD (US Dollar) / CAD (Canadian Dollar) on Monday July 27, 2020

USD CAD exchange rate

Get the latest mid-market rate for USD (US Dollar) / CAD (Canadian Dollar) for Monday July 27, 2020 right here. 

The latest rates for USD (US Dollar) / CAD (Canadian Dollar)  are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest Forex Market data to bring you live information to help you make the right forex trading decisions. 

Monday July 27, 2020 1 USD (US Dollar) is worth 1.338985 of CAD (Canadian Dollar) . 

Remember to always trade with a reputable broker. It’s also possible to apply 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 USD (US Dollar) and a quote currency CAD (Canadian Dollar).

The price displayed for a currency pair represents the amount of quote currency, or CAD (Canadian Dollar) you will need to spend to purchase one unit of the base currency USD (US Dollar) In this example that means you need to spend 1.338985 of CAD (Canadian Dollar) in order to purchase 1 USD (US Dollar).

Forex pairs fall into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies represent the most commonly traded currencies on the market. Different brokers will use different criteria, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs whose price is closely tied to commodities such as oil, iron ore, and coal. Commonly cited examples are AUD/USD and USD/CAD
  • Cross currencies are all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • 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.

    Source: born2invest.com


    US Crypto Exchange Coinbase Now Has 35,000,000 Retail and Institutional Traders

    US Crypto Exchange Coinbase Now Has 35,000,000 Retail and Institutional Traders

    The leading US crypto exchange Coinbase says its user base of retail and institutional traders has grown to 35 million.

    In its Crypto H1 2020 report, the San Francisco-based firm says in the first half of 2020, it witnessed a significant uptick of institutional investors such as multi-strategy hedge funds, venture capitalists, leading university endowments and large family offices that directly buy digital assets.

    “Today, Coinbase operates the largest regulated exchange in the world – a central pool of liquidity that combines the assets of our 35mm retail users and institutional clients.”

    The exchange says a growing number of these institutional clients are convinced that cryptocurrency, particularly Bitcoin (BTC), offers an alternative to the current financial system regulated by central banks.

    “Investors are still in the early days of untangling the relationship between macroeconomic policy and crypto, but we are seeing a growing base of our institutional clients organizing around the thesis that BTC, specifically, provides exposure to an alternative monetary policy system with supply mechanics that are diametrically opposed to those of central banks in 2020: scarcity versus expansion, predictability versus uncertainty, decentralization versus centralization, software versus humans.”

    Coinbase also says it noticed increased interest in crypto among fintechs and brokerages including Square, Robinhood, SoFi, eToro, Paysafe, and Zeux. The US crypto exchange says it’s preparing for the entry of new players in the crypto space as it expects the trend to accelerate in the coming years

    “We anticipate that the combination of Coinbase’s rapidly advancing crypto-as-a-service capabilities, which make adding crypto easier for fiat-native businesses, as well as visible success stories from public companies that have embraced digital assets, will continue to drive new entrants from the fintech, brokerage, and banking sectors.”

    Source: www.americancryptoassociation.com


    Free2ex crypto asset exchange launches in Belarus

    Free2ex crypto asset exchange launches in Belarus

    Free2ex is one of Europe’s few fully regulated and transparent crypto exchanges. Free2ex  has a large client asset security fund, fiat deposits and withdrawals, great exchange rates and low spread. Free2ex is licensed in Belarus 

    Belarus has some of the world’s most advanced crypto laws. The licensing and security requirements for crypto exchanges are just as strict here as, say, in Singapore, Estonia, or Malta. Consequently, the very fact that Free2ex is regulated by the Belarus Hi-Tech Park in Minsk testifies to the exchange’s reliability, legality and transparency.

    Insuring clients’ funds against the risk of a cyber attack is the key element in the Free2ex security strategy. The current value of the insurance deposit is $1 million. As for internal security, Free2ex undergoes annual financial and technological audits by one of the Big 4 companies. Customers’ funds are stored in multisignature cold wallets. 

    Detailed information about the operator of the exchange is publicly available. Moreover, Free2ex will readily provide an official confirmation of any transaction upon the customer’s request: a service that is unavailable on unregulated exchanges. Furthermore, thanks to the favorable regulatory climate in Belarus, Free2ex allows blockchain companies to conduct fully legal initial token offerings. 

    Transactions on Free2ex can be carried out in Euro, USD and RUB, and funding and withdrawals can be made using  Visa/MasterCard, wire transfers, and various payment systems;

    SWIFT and SEPA bank transfers;

    Free2ex collaborates with a private network of market makers to minimize spreads and ensure a steady supply of liquidity. Trading fees are very low even for small volumes. The platform features circa 20 trading pairs – some of them with fiat currencies and tokenized gold – and a wide range of order types, such as stop limit and Iceberg orders.  

    In the near future, Free2ex will launch margin trading and tokenized real assets, as well as crypto debit cards.

    What cryptocurrency will become the main one in a year?
    BitcoinEthereum

    Source: www.unlock-bc.com

    Author: Source: Free2ex press release


    US Crypto Exchange Coinbase Now Has 35,000,000 Retail and Institutional Traders

    US Crypto Exchange Coinbase Now Has 35,000,000 Retail and Institutional Traders

    The leading US crypto exchange Coinbase says its user base of retail and institutional traders has grown to 35 million.

    In its Crypto H1 2020 report, the San Francisco-based firm says in the first half of 2020, it witnessed a significant uptick of institutional investors such as multi-strategy hedge funds, venture capitalists, leading university endowments and large family offices that directly buy digital assets.

    “Today, Coinbase operates the largest regulated exchange in the world – a central pool of liquidity that combines the assets of our 35mm retail users and institutional clients.”

    The exchange says a growing number of these institutional clients are convinced that cryptocurrency, particularly Bitcoin (BTC), offers an alternative to the current financial system regulated by central banks.

    “Investors are still in the early days of untangling the relationship between macroeconomic policy and crypto, but we are seeing a growing base of our institutional clients organizing around the thesis that BTC, specifically, provides exposure to an alternative monetary policy system with supply mechanics that are diametrically opposed to those of central banks in 2020: scarcity versus expansion, predictability versus uncertainty, decentralization versus centralization, software versus humans.”

    Coinbase also says it noticed increased interest in crypto among fintechs and brokerages including Square, Robinhood, SoFi, eToro, Paysafe, and Zeux. The US crypto exchange says it’s preparing for the entry of new players in the crypto space as it expects the trend to accelerate in the coming years

    “We anticipate that the combination of Coinbase’s rapidly advancing crypto-as-a-service capabilities, which make adding crypto easier for fiat-native businesses, as well as visible success stories from public companies that have embraced digital assets, will continue to drive new entrants from the fintech, brokerage, and banking sectors.”

    Source: elevenews.com

    Author: Published 7 hours ago


    What is the exchange rate of USD (US Dollar) / CAD (Canadian Dollar) on Monday July 27, 2020


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