Unclear regulations drove 95% of trading activity offshore: Coinbase CEO
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange. Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis.Armstrong said that the enforcement action against U.S.-based companies for the irregularities committed by an offshore crypto exchange that fall out of the jurisdictions of U.S. regulators makes no sense.Armstrong’s comments came in response to Senator Elizabeth Warren’s....
Related News
Popular digital currency exchange BTC-e announced today it would begin trading in Chinese 'offshore yuan' (CNH), becoming the first international bitcoin exchange to offer both US dollars and yuan, and opening a field of new opportunities for currency speculators. "We are pleased to inform that new trading instruments with Chinese offshore Yuan has been added. Now btc-e clients can trade 3 new instruments. A unique trading instruments that enables you to benefit either from price fall or increase are now available in your btc-e MetaTrader4 and WebTrader platforms under following symbols:....
The recovery in the price of various crypto over the last week has been evident in various areas of the market, and the offshore premiums have not been let out. The offshore basis numbers also reflect the returning positive sentiment across both retail and institutional investors. This turn of the tide from the brutal June […]
One of the biggest Bitcoin exchanges Coinbase has recently announced major updates to its mobile app that will allow traders to monitor Bitcoin trading activity "on the go". In the official statement, Coinbase notes that such improvements were made necessary by the surge of the trading activity over the past several weeks. The updated app allows for a more comfortable experience of tracking BTC price volatility on the traders' mobile devices. For users with several BTC wallets on Coinbase, an option was also added to easily consolidate the balance across several accounts. And as usual,....
According to reports, the CEO of Coinbase, Brian Armstrong, expressed dissatisfaction over the recent actions from the regulators. The US Securities and Exchange Commission (SEC) has created massive quakes regarding crypto regulations. As a result, the crypto space has experienced strict regulatory rules and enforcement actions from the watchdog. Also, its lawsuit with Ripple XRP […]
Bitcoin’s price has reached multiple key levels as a result of its latest push higher This rally came about rather unexpectedly overnight and drove many altcoins to see immense losses This is one of the rare days where Bitcoin is trading up significantly while altcoins all reel lower It remains unclear as to whether or not this will be the new norm for the next few weeks or if today’s price action is simply a […]