Biggest crypto trading platform
Ever since the boom of Bitcoin and related cryptos, these digital assets seem to have become the first choice for every investor. A cryptocurrency exchange plays a crucial role in evaluating the whole crypto ecosystem and one name that comes on top of the list is Binance. The inventive decisions taken by the crypto exchange have made it the world's fastest-growing major financial exchange, and that when it has no head office or formal address, lacks licenses in the countries where it operates and has a CEO who not so long ago wouldn't respond to questions about his location. The exchange giant's ecosystem comprises multiple crypto exchanges, numerous cryptocurrencies the Trust Wallet and its TWT token, a Token launchpad and more. The years of predominantly unrestrained, unregulated growth for Binance particularly and the cryptocurrency industry largely are coming to an end. Not just financial regulators but many investors are also likely to partake in proceedings against Binance, claiming damages for the money they lost during a major outage.
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MAS grants crypto licences to DBS unit and Australian exchange; more licences expected to be issued
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world.
Computers, the internet, fintech, artificial intelligence, any tech you can name except mobile tech , people in these regions have always had to play catch-up. But new technologies such as crypto and web3 provide hope to Africans to play a massive role in defining what it looks like in the years to come.
Regional inflation, weak currencies, high unemployment rates and economic uncertainty are a couple of reasons behind this growing adoption. Peer to peer transactions and retail trading are two of the biggest drivers of crypto adoption on the continent. Bademosi was the director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects, when he decided to start Bundle as CEO in With Bundle incubated within the ecosystem of the largest crypto exchange platform, Bademosi had lofty ambitions for the company.
By the time he left, three years after, Bundle was only live in Nigeria and Ghana with fewer than , active users. Still, it is when compared with its peers in Africa, as no local crypto platform serving just Africa has reached a million customers.
Bademosi thinks this is because crypto trading alone cannot drive mass adoption of blockchain and crypto-native applications. To create products that can scale to a million users or several million in the next couple of years, companies should build applications that are more accessible for the everyday person, which is the basics of web3.
The Connecticut-based venture capital and holding company has more than 60 crypto and blockchain subsidiaries and investments across 30 countries, including LUNO, CoinDesk and Bitso. However, the difference is that while DCG focuses on western markets and building products for HNIs and institutional clients with custodial features, Nestcoin primarily builds , invests and operates web3 and non-custodial products that are more accessible for everyday people in frontier markets.
The company, which Bademosi describes as a venture collective, launched its media arm called Breach last year to create bite-sized and informative crypto content for the average African. It also set up Metaverse Magna MVM , a gaming guild that introduces users to the world of play-to-earn crypto-powered games like Axie Infinity.
The NFT-based online video game developed by Sky Mavis has been a sensation since but is expensive to play. What MVM has done is to buy Axies and lend to players in its guild while employing a revenue-sharing agreement with them. Bademosi said MVM has had more than 2, applications since its launch. Nestcoin also hopes to introduce its DeFi projects by Q2 this year. In addition to that, the company will be exploring ways in which content creators on the platform can earn crypto while educating its 6, subscribers with structured learning paths.
A part of the funds will also go into investing in web3 projects. The company has done so in a handful of projects but the only publicly disclosed deal is in Lazerpay, which allows businesses to accept payments in crypto. It recently backed AltSchool Africa, an entry-level tech talent project introducing Africans to software engineering and web3 courses like blockchain. Nestcoin has involved itself with other projects like collaborating with crypto-exchange platform Bitsika to launch a social token for Davido, an African music artiste.
Bademosi said Nestcoin might raise an independent fund to invest and participate in such deals and projects going forward. Asides from centralization, many think web3 projects such as NFTs are becoming expensive to participate in and enriches only a select few. Bademosi disagrees. According to him, crypto trading, the most accessible form of web3, was accused of the same issues years ago but has become cheaper to use.
He referenced his time at Microtraction, an early-stage investment firm he founded in to back African startups. He said if Nestcoin can replicate something similar in Africa, a market with over million mobile gamers, wealth will be distributed among millions of people and not a select few.
The company, with team members in nine countries, has onboarded strategic web3 and traditional investors to back its mission.
The 15 Best Cryptocurrency Platforms in Canada
These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. In , the company launched a crypto trading platform in Uganda. The Africa Cup of Nations is the biggest sports tournament in the continent. It is being broadcasted in more than countries around the world, with an audience of more than million.
Why is the world’s largest crypto exchange sponsoring the Africa Cup of Nations?
PDAX is the Philippine's homegrown cryptocurrency exchange that empowers Filipinos to trade cryptocurrencies backed with dedicated local support. PDAX boasts deep liquidity that enables you to buy and sell your digital assets quickly and easily at the most competitive rates in the Philippines. Execute trading strategies seamlessly using responsive, user-friendly trading features perfect for beginners and pros. No need to convert your fiat into USDT before trading. Buy crypto at cheaper rates without worrying about conversion fees and fluctuating spreads. Or vice versa. Eliminate the risk and hassle of transacting with strangers just to avoid cash-in charges.
Top 6 cryptocurrency exchange apps in India for online trading of Bitcoin, Ethereum, and more
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you can name except mobile tech , people in these regions have always had to play catch-up. But new technologies such as crypto and web3 provide hope to Africans to play a massive role in defining what it looks like in the years to come. Regional inflation, weak currencies, high unemployment rates and economic uncertainty are a couple of reasons behind this growing adoption. Peer to peer transactions and retail trading are two of the biggest drivers of crypto adoption on the continent.
Best Crypto Exchange Platforms & Bitcoin Trading Options for 2022
June 27 Reuters - Britain's financial regulator has said Binance, one of the world's largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. It also issued a warning to consumers about Binance Markets and the wider Binance group. Binance said in a statement that Binance Markets, which it acquired in , was not yet using its regulatory permissions, and that the FCA's move would not impact services offered on its Binance. We are actively keeping abreast of changing policies, rules and laws in this new space," a spokesperson said. Binance announced in June last year that it had bought an FCA-regulated entity and would use it to offer cryptocurrency trading services using pounds and euros.
Best Crypto Exchanges in the UK
Image: Shutterstock. The Cryptocurrency sector is silently blooming in India and the Government is also likely to regulate cryptocurrency exchanges rather than banning them completely. In the earlier Parliamentary Standing Committee meeting on Finance, the advantages and disadvantages of crypto finance with various stakeholders were presented while several members were in favour of regulation instead of a complete ban. As RBI governor Shaktikanta Das continues to express concerns over cryptocurrency, here are some of the best applications to invest in India. Currently, the application has 35 lakh investors and it charges only 0. Co-founded by Neeraj Khandelwal and Sumit Gupta, the platform is said to be secured with an extensive set of measures.
10 Best Crypto Exchanges: Top Cryptocurrency Trading Platforms Reviewed
Crypto traders are reportedly down thousands of dollars following the collapse of another prominent Australian trading platform. Liquidators have been called in to wind up another prominent Australian crypto trading platform, with furious customers reportedly down thousands of dollars after being unable to access their accounts. Melbourne-based myCryptoWallet — which once boasted it had 20, customers — called in administrators on Friday to close the book on a troubled existence that featured tech setbacks and a period of inactivity following a dispute with major bank NAB.
How to invest in cryptocurrency: Exchanges, apps, wallets and more
As good news for Africa-based crypto exchanges, crypto has emerged as one of the top fintech trends across Africa this year despite wide regulatory disapproval of the trading of these currencies. Transaction volumes on P2P platforms also stood relatively high in Kenya and Nigeria. In sub-Saharan Africa, peer-to-peer P2P bitcoin trading volumes on global crypto platforms LocalBitcoins and Paxful were the highest in the world, while at Luno, African users dominated its newly added users this year. Meanwhile, local exchanges such as Yellow Card and Busha have also successfully raised venture funding this year. The space is still only emerging in Africa, but local players are stepping up to cater to a demand for crypto trading that has largely been addressed so far by global platforms. Here are some Africa-based crypto exchanges that are making crypto trading accessible locally.
How Binance became the world's biggest crypto exchange without headquarter or licenses
Are you ready to start investing in cryptocurrency? A little more than a decade after the first cryptocurrency, Bitcoin, was launched, the industry that's developed around the new technology has seen explosive growth. Today, there aren't just cryptocurrencies available, but a few blockchain-based digital assets, including crypto tokens and NFTs. There's several methods for starting your investment journey in crypto. Depending on whether you want help managing your investment or if you want to align with the ethos of the ecosystem and "be your own bank," there are opportunities for those just starting out.
Top 10 Hong Kong Crypto Exchanges to Trade On
These online services often work similarly to a stockbroker, giving you the tools to buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin. The best cryptocurrency exchanges make it easy to buy and sell the currencies you want with low fees and strong security features. Keep reading to learn more about which cryptocurrency exchange could be best for your goals. Consult with a qualified professional before making any financial decisions.