Bitcoin Margin Trading Record High in November, London-Based Firm Reports
London-based Bitcoin firm First Global Credits, which enables traders to use cryptocurrency to be used as collateral margin to trade ETFs, stock trades and commodity futures, have reported a record high for Bitcoin margin trading for the month of November. The monthly record high of $12 mln of trading volume dwarfs the previous monthly high set in February 2016 of combined stock, futures and Bitcoin to fiat currency trading on the site which totaled $2.1 mln. First Global Credits launched its investment service in 2014, promising to bridge the gap between cryptocurrencies and global stock....
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As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin trading “violated rules” and resulted in abnormal price volatility. BTCC CEO Bobby Lee reacted to....
Matching our analysis, Bitcoin price plunged to near $500 BTC/USD today. That is if you were looking at the Bitstamp exchange price. BitFinex, on the other hand, saw $460 followed by a return to $500 only to slam down to $451 a few seconds later. Is this the result of some systemic error or perhaps manipulation being exercised via the BitFinex exchange? Could it be that some early adopters are cashing out, or perhaps the news? Far from it, as the following explanation will clarify. BitFinex is one of the few major exchanges that offers traders the option of margin-based trading. The others....
First Global Credit, a Switzerland.-based financial services company that allows bitcoin to be used as collateral margin to trade stocks, has expanded its range of equities to include shares traded on the London Stock Exchange, according to Finance Magnates. A trading and financial services company that focuses on bitcoin, First Global Credit allows bitcoin holders to use the value of their cryptocurrency in the same way other traders use fiat currency to create profit potential. Customers use bitcoins as assets to generate returns trading stocks, EFTs, precious metals, commodities and....
Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin.
Correction: Article has been updated to reflect that one-year high is based on BPI closing prices. 36% gain was achieved in last two weeks, not last four days. The price of bitcoin has hit its highest closing price in the last year, trading at $436 and climbing at press time, according to the CoinDesk Bitcoin Price Index. Bitcoin has gained an astonishing $115 or 36% over the last two weeks. It was changing hands for $320 a coin on 25th November. The price briefly touched $500 on some exchanges on 4th November before dropping under $400 in the following days. The strong rally is....