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Gemini Exchange Includes 4 New Cryptocurrencies

Gemini is an exchange that was founded by the Winklevoss twins in 2015 It is a Bitcoin and Ether exchange platform. The exchange is based in New York and has become one of the most sought after and respect crypto exchanges in the digital currency space. It holds the credit of being the first licensed Ether exchange in 2016.

In the latest development, Gemini which catered only these two currencies is now opens trading for 4 new crypto pairs that include:

This announcement came in last week when trading on these 4 new cryptos started on the platform. The twin founders of the platform welcomed the 4 cryptocurrencies to the exchange. The adoption of these 4 coins into the systems comes after the huge popularity of these 4 coins. Take the case of LINK which over a one year period has received a 62% upward gain or Chainlink which holds the title of top-performing currencies this year paving the way for a huge adoption rate across all the major exchanges and blockchain ventures.

DAI crypto by Maker protocol also has seen a huge surge in the number of assets it is presenting as collateral. Users can now use wrapped BTC as the latest collateral and seek DAI in exchange. The wrapped bitcoin is a new token which is backed one-to-one by Bitcoin and currently live on the Ethereum Blockchain. This project is a collaborative effort of Decentralized exchange, Kyber Network, Republic protocol and the custody company BitGo. This asset’s main intention is to bring in liquidity to the Ethereum system and now can be exchanged for DAI tokens. 

Coming to Orchid, it is a decentralized, VPN that lets users browse by protecting its IP address and location. BAT too is similar by providing private browsing for users. It also provides incentives for the user for effective interaction with the content. 

By including all the 4 major currencies in its exchange, Gemini has opened up trading opportunities for people and an easy platform for buying and selling the tokens.

Image Source – Medium

Fiat to crypto exchange bitpolo.com goes live

Bangalore – 6 May, 2020

Highly anticipated fiat-crypto exchange BitPolo, goes live with its trading platform bitpolo.com custom-designed for Indian users, on May 6, 2020. Headquartered in Bangalore, India, BitPolo cryptocurrency exchange offers crypto trading with a series of desirable, state-of-art features like high liquidity markets, fiat payment gateways, tight order book spread, instant INR deposits and withdrawals, engaging and easy to use UI, and bare minimum fees. 

Chief Business Officer Mr. Suresh Choudhary said, “We were building through the bear market and thought the timing of our launch cannot be more apt than when the world is slowly inching back towards normalcy post a pandemic & recessionary environment. As we foresee fragilities of traditional asset classes, crypto markets seem to offer the bigger upside and we intend to bring simplicity and solid technology to the screens of Indian traders and hodlers.” 

The company’s Head of Strategy Mr. Chandan Choudhury said that “COVID-19 is an eye-opener. We always knew at the back of our minds that there is a huge bubble across traditional asset classes fuelled by loose monetary policy. It is imperative we make strides towards crypto adoption and we expect people actively participating in this distributed, permission-less crypto/blockchain ecosystem and anticipate bitpolo.com to enable this vision.”

Crypto usage and adoption have been snowballing in India, especially after the SC’s ruling in March this year that was proclaimed in favour of it. The first crypto, Bitcoin, after shaking off the brief pandemic induced volatility, also shows signs of correlating with gold and exhibiting price-action and properties similar to the safe-haven asset. BitPolo’s launch overlaps with an increasing necessity for an exchange providing a comprehensive, holistic, and unparalleled service. BitPolo, with its pioneering, robust platform seeks to abridge millions of Indian crypto users to a market that provides convenient BTC to INR trading, high-speed order matching, uncompromising security, and uninterrupted 24/7 support. 

About BitPolo 

BitPolo, founded in March 2020, is an idea that strives to introduce crypto assets to each and every citizen of India. A group of crypto enthusiasts, traders, and fin-tech promoters had weathered down the previous two-year period of uncertainty, waiting for the right opportunity to disrupt the market. BitPolo is the culmination of efforts to develop a trading platform both simple and futuristic in its delineation. The BitPolo team states that it firmly believes in and works by the motto that ‘Crypto assets are the inevitable future.’

Visit https://www.bitpolo.com to explore a seamless trading platform. 

Contact: Chandan, Head of Strategy

Email: chandan@bitpolo.com

Financial Giant SBI to Launch a New Crypto Exchange

According to CRYPTIMI, a media product that caters to the ever-growing crypto and blockchain world, the Japan-based financial giant, Strategic Business Innovator (SBI) Holdings announced that customers of its new crypto exchange VC Trade will be able to trade virtual currencies come March 2019.

Despite the fact that VC Trade is a startup exchange platform, the SBI Group already serves a customer base of 23.47 million people, all of whom will have access to the new exchange. SBI clients are already able to make deposits as well as withdrawals of Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Additionally, SBI CEO Yoshitaka Kitao announced the exchange will be supporting Bitcoin Cash (BCH) when it launches.

Japan adoption continues apace

In a recent tweet, Kitao said; “SBI Virtual currency Exchange VC Trade, Exchange-style cryptocurrency trading available from March-now you can buy and sell XRP, BTC, ETH, BCH in the Sales office format from the virtual currency.’’ Before this, withdrawals were restricted and users only had the option of using a ‘designated wallet’.

The financial service headquartered in Tokyo, released a document on its website recently stating that they are ready to roll out crypto services and onboard users from their 23.47 million customer base. According to the document,

“At the launch of full-scale services, expecting customer inflow from the SBI Group’s customer base of 23.47 million, specifically, SBI SECURITIES with approx. 4.26 million accounts, SBI Sumishin Net Bank with approx. 3.21 million accounts, and SBI Liquidity Market including SBI FXTRADE, with approx. 1.05 million accounts.”

SBI and Ripple Partnership

Ripple is a U.S based company that aims to disrupt the banking and financial sectors through its blockchain based payment solutions. The platform has over 200 partnerships with various banks and financial players across the globe. Also, Ripple is leveraging its proprietary products like xVia, xCurrent, and xRapid to process payments in a fast, secure and transparent way compared to traditional methods.

The merger between the two companies led to the establishment of a joint venture called the SBI Ripple Asia Co., Ltd. The main goal towards this is so as to provide a next generation payment platform powered by the distribute ledger technology, to financial institutions and payment transfer providers in Asia.

“XRP is faster, cheaper and more scalable than any other digital asset. I strongly believe it will become the global standard in digital currencies.” –A statement from the SBI Group’s CEO, Kitao.

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Interested in more crypto content? Check out February Week 1 Cryptocurrency Analysis: Bitcoin, Ethereum and Litecoin and Why Hedging With Bitcoin Makes Sense Even For Non-Believers

Exclusive: LATOKEN’s CEO: “ We Create Amazon Of Real-World Assets”

In an exclusive interview for Crypto is Coming, Valentin Preobrazhenskiy, a founder and CEO of the multi-asset cryptocurrency exchange LATOKEN, talked about how the exchange came to be, his thoughts on its competitors, and its future goal.

LATOKEN is a reasonably new multi-asset exchange which allows you to trade cryptocurrencies, list your ICO, or tokenize your assets. The company enabled Bitcoin deposit and withdrawals last week, and it’s now eyeing the Asian market.

Heavy Trading Processes Inspired LATOKEN’s CEO To Found The Company

Preobrazhenskiy first had the idea for the exchange while managing a hedge fund — the bureaucracy behind trade settlements, the endless hours, and the dozens of parties involved made the whole trading process hard and complicated. Investors should help people live better lives by reallocating resources into more productive technologies, companies, industries and countries. However a vast majority of assets are still not tradable due to the high costs and labour intensity associated with organizing secondary trading.

His idea was to bring to people a platform which eliminates existing hustle and allows common people to trade assets they couldn’t get to until now, for a variety of reasons.

As he said, “With blockchain, an exchange can evolve from a heavy-bureaucratic machine to an Amazon of assets, sort of an online shop easily accessible for billions of traders and asset owners all around the globe.”

LATOKEN is currently “structuring tokenization procedures to allow venture funds, private firms, and real estate to be tokenized and traded.” Nonetheless, the cryptocurrency exchange is fully functional, and a lot of crypto traders are already using it on a daily basis.

LATOKEN Cares More About High Liquidity For New Assets Than Trading Volume, CEO Says

Preobrazhenskiy said that, unlike other principal exchanges, LATOKEN is not focused on trading volume, while not disregarding it. The company puts efforts on providing high liquidity for new tokens by attracting more traders with opportunity to trade across different kinds of assets: “We welcome all new companies to be listed on our exchange and get noticed by thousands of traders.”

When asked if he was concerned more prominent exchanges competed directly with LATOKEN in the multi-asset exchange market, Valentin Preobrazhenskiy replied,

“Aware of that possibility? Yes. Concerned? Not really. Right now, major crypto exchanges are focused on growing trading volume, without paying much attention to new opportunities for development. Also, keep in mind that the bigger the platform, the harder to transform it into something new. LATOKEN was born with a multi-asset strategy in its DNA.”

The exchange might be a late entry in the space, but the LATOKEN team wants to become the top trading platform for a wide range of assets, from traditional stocks to tokenized pieces of art. While that seems like an ambitious goal, these days everything seems to be possible — like people interviewing robots about the meaning of life at a Blockchain conference.