Gemini exec to join Bitstamp crypto exchange as new CEO – securebitcoinnews
Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time.
Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22.
Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history.
The replacement is purportedly a response to the dynamic growth of the exchange over the last nine years.
Kodrič says that Bitstamp has grown far beyond his initial vision since he founded years ago. At the time, Bitcoin was trading at a few cents, and Kodrič managed to set up the exchange in a garage with 1,000 euro, two laptops and a server. Now, Bitcoin is trading at $12,783, while Bitstamp is one of the world’s top crypto exchanges. Kodrič said:
“After much thought, I’ve come to the conclusion that Bitstamp has already grown beyond what I envisioned it would become and it is time for someone else to expand this vision further […] Although we’ve grown exponentially, it still feels like Bitstamp is just getting started.”
Sawyer has over 20 years of banking and fintech experience. In May 2015, Sawyer co-founded Starling Bank where he served as COO until 2019. The exec also served as a consultant and advisor to other banks and founded financial management consulting firm Bluerock Consulting.
At publishing time, Bitstamp is ranked the eighth-largest crypto exchange by daily trading volumes of around $373 million, according to data from CoinGecko. The exchange provides trading services for seven major cryptocurrencies, among them Bitcoin (BTC), Ether (ETH) and XRP.
Canadian Crypto Exchange NDAX brings Stablecoins & DeFi to Canada
NDAX now offers the largest basket of CAD to Crypto pairs available to Canadian users.
CALGARY, AB, Oct. 22, 2020 /CNW/ – National Digital Asset Exchange (NDAX), a leading Canadian cryptocurrency trading platform, has recently announced the listing of Tether (USDT) and Chainlink (LINK).
“2020 has shaped up to be the year of institutional adoption of Bitcoin, Stablecoins, and decentralized finance,” Bilal Hammoud, President, CEO, and Founder of NDAX said. “As an open-loop trading platform, NDAX was built on the foundation of regulatory compliance, which provides retail and institutional investors exposure to new crypto products while maintaining the security of using a Canadian-regulated platform. NDAX’s goal is to improve users’ acess to cryptocurrency, allowing for the ease and flexibility of transacting in digital assets.”
USDT’s market capitalization recently surpassed $15 billion USD, confirming the demand for stablecoins. Canadian traders can now leverage USDT as a trading pair to avoid long blockchain confirmation times and price uncertainties. To solve steep FX rates using the BTC/CAD pair, NDAX is offering a BTC/USDT pair to allow users to trade with competitive spreads.
ChainLink’s mission is to connect real-world data with blockchain technology utilizing smart contracts. Google Cloud integrated Chainlink’s blockchain oracles with its own datasets allowing Ethereum developers to use crypto price data in projects such as prediction marketplaces, futures contracts, and transaction privacy. NDAX is now the first Canadian cryptocurrency trading platform to list ChainLink (LINK/CAD).
Claiming Spark via Airdrop in Canada
On September 15, NDAX became the first Canadian trading platform to support the Flare Spark airdrop, providing XRP holders 100% of the Spark tokens, claimed in a 1:1 proportion to the amount of XRP they hold on the platform at the time of the snapshot.
Cryptocurrency OTC Desk – NDAX Wealth
NDAX recently announced the expansion of its OTC desk, NDAX Wealth. Offering institutional and high-net worth clients a secure and trusted way to enter the cryptocurrency space. Investors may arrange to learn more about NDAX Wealth OTC Desk by appointment.
Headquartered in Calgary, Alberta, NDAX has quickly grown to be one of the top Canadian cryptocurrency trading platforms. NDAX’s feature-rich trading platform has given Canadians a world-class trading experience, low fees, 24/7 customer support, a large portfolio of cryptocurrency and institutional-grade security.
To learn how to buy Bitcoin in Canada, visit NDAX
SOURCE National Digital Asset Exchange Inc.
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Crypto exchange Kraken now live in Japan
Kraken, the popular cryptocurrency and bitcoin exchange company, today announced the launch of account funding and trading in Japan. The live opening in Japan is an important milestone in the exchange’s growth and expansion into the APAC region.
The following services are now available to Japan residents:
As previously announced last month, the move is part of Kraken’s plan to reopen and expand its services in Japan. Kraken enabled clients in Japan to create and verify their accounts starting September 18th, and clients who have completed the onboarding process can now fund their accounts and start trading.
Prior to reopening, Kraken completed its registration as a Crypto Asset Exchange Service Provider under Japan’s Payment Services Act on September 8th.
“We’re thrilled to once again be able to offer unparalleled client service and the most secure cryptocurrency trading to Japanese market participants,” said David Ripley, Chief Operating Officer of Kraken. “In today’s challenging economic environment, more people are turning to cryptocurrencies to hedge against volatile markets and use cryptocurrency as a store of value.”
Commenting on the live opening in Japan, Takeshi Chino, CEO Payward Asia, a Japanese entity of Kraken said: “Crypto has demonstrated that it has staying power and that it continues to evolve. Investors in the space are not only drawn to price movement, but also to new investment opportunities, including the innovation currently coming out of the DeFi space.”
Japan is one of the world’s largest cryptocurrency markets, with an estimated more than two million active crypto trading accounts. The Kraken team believes the potential for growth is even greater.
Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Weeks after cryptocurrency exchange BitMEX’s co-founder’s were charged for evading anti-money laundering rules, the exchange today made full verification mandatory for its users. BitMEX released an official tweet stating its users to complete their full verification by Nov. 5, 2020 to continue trading on the platform.
We are accelerating the rollout of our User Verification Program. Users must now be fully verified by 5 November 2020 at 00:00 UTC to continue trading on the BitMEX platform. Further information is available on our blog: https://t.co/C0W2201KH7
— BitMEX (@BitMEX) October 21, 2020
BitMEX is touted as one among the best crypto exchange used for leverage trading. Recently the exchange went through change in leadership to continue smooth operations. This latest update to complete full verification gives an indication of regularity pressure by the authorities. Earlier today in an official blog, the exchange urged its users to complete their full verifications by Nov. 5th, 2020 failing to which unverified users won’t be allowed to open new positions on the platform.
Considering the latest events w.r.t. BitMEX the future does not look very bright for the exchange as it already went through heavy withdrawals. These latest developments clearly suggest high regularity pressure by authorities and they will sure target other exchanges as well in coming days.
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Author: By TeamMMG