Tag: Okex

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well. Data shows that the Bitcoin Mercantile Exchange (Bitmex) open interest for bitcoin futures has taken a […]

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CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are […]

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OKEx is resuming peer-to-peer fiat trading for Chinese yuan

OKEx is resuming peer-to-peer fiat trading for Chinese yuan

Cryptocurrency exchange OKEx said in an announcement on Wednesday that it will resume the peer-to-peer (P2P) fiat-to-crypto trading tunnel for Chinese yuan, Vietnamese dong, and Indian rupee, starting from 20: 00 Hong Kong Time on October 21. OKEx disabled the P2P fiat-to-crypto trading interface after it announced the suspension of withdrawal of crypto assets on […]

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Bullish Weekend: Crypto Market Cap Gains $4 Billion, Bitcoin Awaiting Next Move

Bullish Weekend: Crypto Market Cap Gains $4 Billion, Bitcoin Awaiting Next Move

Bitcoin has overcome the recent price dip beneath $11,300 and currently hovers around $11,400. Most alternative coins have displayed relatively strong performances and the total market cap increased over the weekend. Bitcoin Back To $11,400 Bitcoin traded around $11,350 yesterday after a calm 24-hour period despite potentially impactful news coming from the popular cryptocurrency exchange […]

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Here’s Why OKEx’s Halting Withdrawal Episode Won’t Haunt Bitcoin

Trouble appeared to be brewing for the well-known cryptocurrency exchange OKEx after one of its founders was held by police. Following the halting of withdrawals from its platform, Bitcoin’s price tanked over 3% in a matter of a few hours. The rest of the cryptocurrency market turned red shortly thereafter. However, this stint was short-lived […]

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Bitcoin Price Is Stagnant Despite Recent News: The Calm Before The Storm? (Market Watch)

Bitcoin Price Is Stagnant Despite Recent News: The Calm Before The Storm? (Market Watch)

Following yesterday’s $350 price lost for Bitcoin, the asset has remained relatively calm around $11,350. Most larger-cap altcoins have also seized the free-falls with Ethereum trading near $370 and Ripple above $0.24. Bitcoin Sits Tight Around $11,350 News broke out yesterday that police officers had taken away the founder of the popular cryptocurrency exchange OKEx. […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police

Okex Halts Withdrawals Due to ‘Out of Touch’ Private Key Holder, Founder Star Xu Talks With Police

The digital currency exchange Okex disabled cryptocurrency withdrawals on Friday morning and explained that funds were “safe and not affected.” Following the withdrawal announcement, regional reports claim that Okex’s founder Mingxing “Star” Xu was taken away by the police. On Friday morning (ET) a local report from the publication Caixin detailed that the founder of […]

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Despite Negative News, Bitcoin Only $1K Away From 2020 High: The Weekly Crypto Update

Despite Negative News, Bitcoin Only $1K Away From 2020 High: The Weekly Crypto Update

Another week passed on the cryptocurrency market, and it surely wasn’t a boring one. The cryptocurrency started off strong, causing many to believe that it might finally breach the coveted $12,000 mark. However, the excitement was short-lived because, just today, news broke out that the founder of OKEx, one of the primary cryptocurrency exchanges, has […]

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