20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself 1796

When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on the other side of the world.

However, depending on which cryptocurrency exchanges you frequent, there’s a significant chance that, at least occasionally, you are trading against someone that works for the exchange itself.

That’s one takeaway from the “Virtual Markets Integrity Initiative Report,” published by the Office of the New York State Attorney General (OAG) on Sept. 18. The OAG, as CCN reported, sent a detailed questionnaire to 13 cryptocurrency exchanges, including quite a few that purport to have no business presence in the state, probing them on their policies and internal operations.

While some exchanges, most visibly Kraken, refused to comply with the probe, most did, and of those, half admitted that they engage in proprietary trading on their platforms.

In proprietary trading, exchange employees fill buy and sell orders on behalf of the company, rather than simply matching buyers and sellers. This places the exchange operator in the position of trading against its customers.

Proprietary trading is common in traditional securities markets, and, as the OAG notes in its report, there are multiple reasons why an exchange may participate in this practice. On a basic level, an exchange’s trading desk may be seeking to turn a profit for the company. This is especially plausible on retail-focused exchanges where professional traders can match themselves up against competition with much less experience.

Additionally, exchanges use proprietary trading to increase liquidity on the platform, particularly in markets that are thinly-traded. Toward this end, the trading desk will place both buy and sell orders to make it easier for customers to execute trades. This not only helps the venue serve existing customers but also helps it attract new ones into the market, ultimately building organic, customer-driven volume.

According to self-reported statistics, the level of proprietary trading varied greatly among exchanges. The OAG report found that Coinbase engaged in the most proprietary trading, with these activities accounting for nearly 20 percent of the platform’s trading volume. BitFlyer USA also reported high levels of proprietary trades, which make up approximately 10 percent of its volume.

Circle claimed that proprietary trades accounted for less than one percent of volume on Poloniex, the U.S.-based exchange it acquired earlier this year. Bitfinex and Tidex also acknowledged that they engage in platform trading.

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Apraemio: A Gold-Backed Cryptocurrency Project Gains Validation as HSBC Enters the Gold Tokenization Space 6509

Apraemio, a unique digital asset backed by gold, today announced that its exchange listing will be concluded by 2024, and the gold redemption programme will start by 2025.

“We are thrilled to see HSBC enter the gold tokenization space, as this further validates our belief that gold-backed cryptocurrencies are the future of asset-backed tokens,” said Dr. Zoltán Varga, CEO of Apraemio. “Our project is built on a strong foundation of trust and transparency, and we are proud to be at the forefront of this emerging industry.”

Apraemio is a gold-backed cryptocurrency project supported by its mother company, which owns 65 sq km of land in Mali, Africa. The conglomerate company, GGS, holds exclusive rights to mine one of the largest gold reserves in Mali, and it is committed to using blockchain technology to provide investors with a secure and transparent way to invest in gold.

“We are committed to providing investors with a reliable store of value in a world of volatile cryptocurrencies; that is pretty much what we have been doing in the last 15 years,” said Dr Varga, the CEO of one of the most renowned investment gold companies – called Arteus Capital – in the Central European region, which has been active in the market for over a decade.

The Apraemio project is currently in the pre-sale phase, and the company plans to list its tokens on major cryptocurrency exchanges in 2024. The project also includes launching a gold redemption programme and opening a small-scale mine on its roadmap for the following year.

“We are excited to share this news with the world and look forward to bringing Apraemio to market,” said Dr. Zoltan Varga. “We believe that our project has the potential to revolutionize both the gold and cryptocurrency market and provide everyone with a new and inclusive way to invest in this precious metal.”

About Apraemio

Apraemio is a gold-backed cryptocurrency project combining the best of both worlds – the heritage, stability and popularity of gold and blockchain technology’s innovation and financial freedom. The company holds exclusive rights to mine one of the largest gold reserves in Mali, Africa, and is committed to using blockchain technology to provide investors with a secure and transparent way to invest in gold.

X-Shot by X Project: Turbocharge Your Crypto Trading with Sniper Efficiency 7997

Are you tired of missing out on profitable cryptocurrency trading opportunities? Do you want to elevate your crypto trading game to the next level? Look no further than X-Shot by X Project. This advanced trading bot is designed to supercharge your trading experience and maximize your profitability in the crypto market. Let’s dive into the exciting world of X-Shot and discover how it can transform your crypto trading journey.

The Need for Speed: Sniper Trading

One of the standout features of X-Shot is its lightning-fast execution, surpassing traditional platforms like Uni Swap and Inch. This incredible speed allows you to capitalize on market movements as they happen, ensuring you never miss out on profitable opportunities. X-Shot employs advanced algorithms to swiftly enter and exit trades, greatly increasing the likelihood of successful transactions.

Precision Trading with Limit Orders

Say goodbye to the stress of constantly monitoring the market with X-Shot’s Limit Orders feature. You can now set specific price levels at which you want to buy or sell cryptocurrencies. This automation ensures that your trades are executed at your desired price points, even when you’re not actively watching the market. It’s a game-changer for traders who demand precision and control in their trading strategies.

Unlock Passive Income with Copy Trading

X-Shot takes your trading to a whole new level by offering a copy trading feature. With this, you can replicate the trades of experienced and successful traders. Simply select the traders you wish to follow, and X-Shot will automatically execute their trades in your own account. This means you can amplify your profits even while you sleep, making passive income a reality.

Multi Wallet Support for Streamlined Trading

Managing multiple wallets can be complex, but X-Shot simplifies the process with its multi-wallet support. This feature allows you to execute trades in multiple wallets simultaneously, making complex strategies much easier to manage and execute efficiently. With X-Shot, wallets will be automatically generated. No need to connect your wallet or provide any information.

Sniper Tools for Informed Decisions

X-Shot isn’t just about speed; it also offers you the ability to capitalize on influencer insights. You can configure the bot to buy coins automatically based on the parameters set by your preferred influencer group. This ensures that you make informed decisions and stay ahead of the curve in the crypto market. Furthermore, X-Shot will be seamlessly integrated with X-Caller, unlocking numerous opportunities to grow your capital through signals.

Premium Features for Extra Protection

X-Shot offers premium features like Limit Stop Loss to protect your investments with precision. It also provides MEV Sandwich Protection, reducing the risk of falling victim to an MEV sandwich attack by a remarkable 90%. Exclusive premium tools are accessible to X-Token holders, elevating your trading game to new heights.

X-SHOT Revenue Sharing

What’s even more exciting is that 75% of X-Shot fees are allocated to purchasing X-Tokens, enhancing their staking vault for single-asset staking. This means you can explore staking pools within the DeFi sector and enjoy consistent rewards while actively participating in the X-Project ecosystem.

Conclusion: Empowering Your Crypto Success

X-Tools, the brainchild of the X Project, has redefined the crypto trading experience by seamlessly integrating cutting-edge functionality with a user-centric design. From real-time insights and rapid transactions to a simplified token trading experience, X-Tools embodies X Project’s commitment to equipping you for your crypto success.

The $X Project forms the foundation for a range of cutting-edge utilities and services offered to the X-Community. With components like X-Growth, X-Defi, X-Tools, and X-Earn, X Project aims to empower community members, influencers, and businesses to maximize their potential within the crypto space.

In conclusion, if you’re looking to take your crypto trading to the next level and unlock the full potential of your investments, X-Shot by X Project is the ultimate solution. With its cutting-edge features and the support of the X Project ecosystem, your crypto success is just a click away. Don’t miss out on this opportunity to turbocharge your trades and achieve your financial goals.

BingX Introduces New Standard for Copy Trading with Zero Slippage 8755

BingX, a leading global crypto exchange, is proud to announce that it has eliminated slippage in crypto copy trading with its exclusive Guaranteed Price feature. This revolutionary feature eradicates slippage concerns, ensuring that followers’ orders replicate the trader’s actions with pinpoint accuracy, setting a new benchmark for copy trading excellence.

Crypto copy trading is an automated strategy that allows followers to copy experienced traders’ trading methods. This enables one to buy and sell crypto assets to earn profits without putting in a lot of time for researching or gaining proficiency in crypto trading. Slippage in copy trading refers to the difference between the price at which a trader opens or closes a position and the price at which a follower’s copy of that trade is executed. Slippage occurs when the cryptocurrency market is volatile and prices change between the time a trader places an order and the time it gets executed for their followers. Slippage impacts the profitability of followers, leading to potentially lower profits or increased losses.

Now zero slippage is a part of BingX’s copy trading and serves as a robust slippage protection mechanism. In essence, it ensures that the opening and closing prices for followers match precisely with those of the trader they are copying. This remarkable feature eliminates the common issues associated with slippage, guaranteeing users the ultimate copy trading experience, with BingX taking on the associated risks. Now zero slippage is available in the “Per Order” model for both Standard Futures and Perpetual Futures. BingX users will be charged a fee based on their actual trading volume upon successful order execution.

Megan Nyvold, Head of Branding at BingX, expressed, “Our commitment to providing a better and efficient copy trading experience has led us to introduce the revolutionary Guaranteed Price feature, wiping out slippage concerns for our users. We understand the importance of precision and reliability in copy trading, and we’re proud to set a new standard in the industry. This innovation reflects our dedication to empowering our users and ensuring their success in the cryptocurrency markets.”

As BingX continue to push the boundaries of innovation, it remains committed to delivering cutting-edge solutions to its users. The elimination of slippage in copy trading and futures trading through the Guaranteed Price feature is just the beginning. BingX looks ahead to a future where crypto trading is reliable and profitable for all, setting a new standard that defines its dedication to excellence.

About BingX

BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn more.

Sygnum, Float & Fasanara join forces to tokenise private debt markets 9071

Sygnum, the world’s first digital asset bank, today announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in fintech, is acting as senior lender.

  • New asset token offering gives clients direct access to a unique new investment opportunity:
  • exposure to a diversified portfolio of private SME loans to European SaaS and technology businesses
  • Token has a maturity of 18 months and a fixed annual interest rate of 14 percent, with token
  • and investor rights fully recognised and compliant under the Swiss DLT legal framework
  • Tokenised private debt markets forecast to be worth USD 3.5 trillion* by 2030

The Float Token is a private debt asset token launched by Float** in partnership with Sygnum Bank on the Polygon blockchain. Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio alongside Fasanara Capital, a leading institutional fintech credit fund manager. The token has a maturity of 18 months with a fixed annual interest rate of 14 percent and quarterly interest payments. The token provides exposure to a diversified portfolio of SME loans to European SaaS and technology businesses.

Float token investors additionally benefit from its on-chain proof of ownership and ease of transferability, lower ticket sizes and liquidity in Sygnum’s secondary market, SygnEx. The token and investor rights are fully recognised and compliant under the Swiss DLT legal framework.

Fatmire Bekiri, Sygnum’s Head of Tokenisation, says, “The Float Token marks the first time a high-yielding private market instrument is being made widely available to investors through tokenisation. This project emphasises Sygnum’s strategic focus on making private market assets more easily accessible and investable. It is only the first issuance with more to follow.”

Fasanara Capital, one of Europe’s largest tech-enabled credit fund managers, is acting as senior lender. It manages more than USD 4 billion AuM in fintech strategies, including one of the oldest and largest global digital asset market-making funds.

Francesco Filia, CEO and Co-Founder of Fasanara Capital, says “Tokenised debt markets are on the cusp of going mainstream and we expect this asset class to reach USD 3.5 trillion by 2030. This partnership is a breakthrough for tokenisation and we are dedicated to bringing even more debt on-chain. We are proud to support bringing Float’s high-performing debt portfolio into Sygnum’s market-leading environment.”

Cedric Notz, CEO and Co-Founder of Float, says “Revenue-Based Lending (RBL) to European SaaS businesses has one of the best performing risk-return profiles, which has also proven very resilient over time in difficult markets. The issuance of the Float token – the first private debt asset token – required the close collaboration of experts in lending, debt financing and tokenisation to make it a reality. It is this kind of interdisciplinary, innovative partnership that will transform the face of traditional finance in the future.”

In 2020, Sygnum was the first bank to offer a regulated, end-to-end tokenisation solution comprised of Desygnate, a primary market issuance platform, and SygnEx, a secondary market trading facility. Through Sygnum, investors were able to get trusted exposure to asset classes previously seen as hard to access, like private debt markets, in a direct, fully compliant and fractional manner.

*Citi Report March 2023: Money, Token and Games **The Float Token originator is Float Finance AB (Sweden), which adheres to MiFID (or equivalent) requirements.

About Sygnum

Sygnum is the world’s first digital asset bank, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in the digital asset economy with complete trust. Our team enables this via personal, expert service and secure, convenient access to our integrated portfolio of crypto banking, asset management, tokenisation and B2B banking services. Sygnum is a licenced Swiss bank and is also regulated in the established global financial hubs of Singapore, Abu Dhabi and Luxembourg. We believe that the future has heritage. Our diverse crypto-native team of banking, investment and digital asset technology professionals are building a trusted, regulated bridge between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum is shaping this trusted digital asset ecosystem, please visit www.sygnum.com

About Float

Float is an alternative lending fintech from Sweden with a geographic focus on the Nordic countries, the DACH region, Benelux and the Baltics. Specialized in B2B lending to SaaS and other technology businesses of up to 10m€ in revenues, Float uses advanced technology to conduct a more diligent yet faster underwriting process and create a superior customer experience. Float was founded in 2019 and is registered with the relevant financial authorities. To learn more, visit www.gofloat.io.

About Fasanara

Founded in 2011, Fasanara Capital is a London-headquartered FCA-authorised investment firm and technology platform. We manage ~USD 4 billion in Fintech strategies on behalf of pension funds and insurance companies in Europe and North America, and a mandate from the European Investment Fund (EIF). With over 200 employees across five offices, we are a pioneer investor in Fintech Lending through our liquid Alternative Credit funds, enabling Real Economy Impact. Powered by our technology platform with approx. 140 fintech lenders fully integrated, originating from over 60 countries, we manage one of the largest and longest standing Fintech Lending funds in Europe. Among liquid strategies, we also manage one of the oldest and most sizable digital assets market making funds globally. Additionally, we invest in early-stage Fintech and Web 3.0 companies via our venture capital vehicles, using our central role in the Fintech ecosystem to identify and back revolutionary new businesses.

Adventures in the Mine of Digital Wealth – An Ordinary Person’s Real Experience of Getting Rich 10273

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Peter, a middle-aged man, lived a simple life in a small town. He worked as an ordinary office employee, busying himself with mundane tasks and family responsibilities. Despite the stability of his life, Peter always dreamed of changing his destiny and pursuing greater financial freedom.

One day, while browsing the internet, Peter stumbled upon TokenCoin, an emerging cryptocurrency cloud mining platform. Though he knew nothing about cryptocurrencies, the concept of TokenCoin deeply intrigued him.

Peter decided to register with TokenCoin and embark on his mining journey. Since he didn’t have significant investment capital, he opted to lease some cloud mining hash power, an option offered by the TokenCoin platform.

As time passed, Peter began to receive mining rewards from TokenCoin. While these rewards were modest at first, they steadily accumulated, gradually becoming more substantial. Peter chose to reinvest his earnings into higher hash rate plans, further increasing his mining capabilities.

Peter’s financial situation improved, and he started sharing his journey with friends and family, who were astounded by his growing wealth. They inquired about his secret, and Peter shared his story, encouraging them to join TokenCoin. He also joined TokenCoin’s affiliate program, earning referral commissions and building a community of like-minded individuals.

Together with his friends and the TokenCoin community, Peter explored the world of digital currencies, supporting and inspiring each other. TokenCoin became the platform through which they collectively created wealth.


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The cloud mining platform, TokenCoin, introduced a revolutionary three-step process, making it incredibly easy to embark on a profitable cloud mining journey. It simplified the complexities of cloud mining, fostering substantial growth and rewards for its users.

Step One: Register an Account – Where Convenience Meets Rewards

TokenCoin welcomed new users through a straightforward registration process, initiating a journey towards potential gains. The registration process also included a $7 registration bonus, not merely a symbolic gesture, but a practical incentive that users could use to purchase plans aligned with their individual aspirations. Upon completing their selected plans, users could even withdraw their accrued rewards, turning the experience into tangible outcomes.

Step Two: Select Your Mining Plan – Empowerment Through Choice

The platform offered a diverse array of cloud hash rate plans, empowering users to tailor their cloud mining journey according to their distinct preferences. By navigating their crypto portfolios, users could make informed choices, aligning their path with their financial objectives and aspirations.

Step Three: Start Earning – Unlocking a Realm of Opportunities

Once the chosen plan was set, the journey to earnings commenced seamlessly. With the finalization of the order, TokenCoin efficiently allocated computing power to the designated mining pool, initiating the potential for swift rewards and returns.

Not long after, Peter and his friends had accumulated substantial wealth in the cryptocurrency field, enabling them to live the lives they had always desired. They not only achieved their personal financial goals but also provided hope and opportunities for others.

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This story underscores that the world of digital currencies is brimming with opportunities. With courage, continuous learning, and dedication, anyone can find their own fortune in this emerging field.

To explore the range of products and plans and begin your journey with a reliable partner in the crypto mining arena, please visit https://tokencoin.net

SeekCoin is Set to Revolutionize How We Perceive Cryptocurrency Utility in the Future 10374

SeekCoin, a novel crypto ecosystem project, is setting itself up to reach the world stage with its feature-rich native tokens and a plethora of applications. The ecosystem has a native token and platforms for crypto swapping, e-commerce, crypto advertising, staking, and lottery where the native token can be utilized.

SEEK, a BEP-20 token, is the native token of the Seek ecosystem comprising numerous applications. So far, the project has completed the token presale and is gearing towards a full-scale launch anticipated soon. With thousands of token holders, SEEK is already defining its competitive edge in the cryptocurrency market.

The pioneering advantage for holders of SEEK is that they can gain rewards for every transaction made in SEEK. The dividends will be paid out directly to the user’s wallet through the ecosystem’s powerful smart contracts. Users can also gain SEEK for purchases their referrals make on the different platforms.

“We aim to bring cryptocurrency to everyday applications through SeekCoin. With the power of Binance Smart Chain, the SeekCoin ecosystem brings many utilities at lightning speeds.”
John Zackery, Co-Owner.

A feature that the Seekcoin ecosystem is known for is its ability to earn generous staking rewards for locking SEEK for predefined periods. The percentage of rewards changes based on the time holders lock their tokens in the SeekCoin ecosystem. Tokens earned through staking can be reinvested, held as additional assets, or spent inside the SeekCoin ecosystem.

Since SeekCoin is based on the Binance Smart Chain, transactions occur at lightning speeds while incurring minimal fees. This makes SEEK appealing to users to adopt it to diversify their crypto investment portfolio. A total of 190 million SEEK is available for users to purchase and hold, which will be deflated in supply until the token volume reaches 50 million. The coin-burning mechanism used by SeekCoin is unique as it allows the token’s value to appreciate over time.

With exciting benefits and a unique system to enhance value, SeekCoin is well-positioned to rule the crypto markets in the future. As the crypto space encounters a massive increase in user adoption, the eminence of crypto ecosystems like SeekCoin will only rise.

Learn more about this amazing project at https://www.seekcoin.io/.