Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen ...
The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial services company, announced the closing of its spot and derivatives cryptocurrency exchange Monday. The announcement states: The company will proactively exit the crowded crypto exchange space by closing the exchange. The Eqonex exchange will close for trading on Aug. 22 at 8 a.m. (UCT) and for....
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The firm said it would also move its principal business and several people from management from Hong Kong to the United Kingdom. Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22, with users allowed to withdraw funds until Sept. 14. The firm said the closure was part of an effort to streamline operations that focused on offering “the most potential for revenue growth and long-term financial....
Binance’s new payment affiliate Bifinity will provide a $36 million convertible loan to the Nasdaq-listed digital asset firm Eqonex. Binance, the world’s largest cryptocurrency exchange by trading volumes, is moving to boost its fiat-to-crypto payments technology by launching its own crypto payment provider.The crypto exchange officially announced on Monday the launch of Bifinity, Binance’s official fiat-to-crypto payment company to connect crypto service providers with the traditional financial system.Bifinity supports more than 50 cryptocurrencies, including major coins like Bitcoin....
Eqonex previously said it was engaged in discussions on the potential merger or takeover options in late 2021. The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement.Announcing the news on Wednesday, Eqonex explained that its BTC dated futures are denominated in the USD Coin (USDC) stablecoin and increase in parallel with the BTC price increase against USDC.In contrast to perpetual futures, which have no maturity limit, dated futures expire at a pre-set date and....
The Toronto-based Bitcoin mining operation Bitfarms announced the company has been approved for a common stock listing on Nasdaq Global Market tier. The company is already listed on the Toronto Stock Exchange (TSX) and the firm’s Nasdaq listing will be listed under the ticker symbol “BITF.” Bitcoin Mining Operation Bitfarms to be Listed on Nasdaq Global Market Tier Bitfarms has announced that it will be a publicly-traded Bitcoin miner listed on Nasdaq Global Market tier. The tier platform by Nasdaq is reserved for companies who have sustainable finances and pass....
A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency.
‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’
Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers to the dividend as Bividend.
Charles Allen, BTCS’ CEO, commented:
We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in....