A container from Shanghai to Berlin takes less than 2 weeks to arrive via rail, to pay for it can take a month in the banking system. Amazon delivers packages same day, something no bank can do with an international electronic wire transfer. Cross-border payments costs have also increased two-fold since Multinationals moved out of commercial banking and set up their own banks post Lehman Brothers. Banks also drastically reduced their international trade facilitation and lending to SMEs, as Basel III rules forced banks to place higher risk capital against such risky business.
Forex is the largest market for trading operations. The volume of daily trade reaches almost 5.5 trillion. At the same time, futures trading volumes are 440 billion, the US stock market at 250 billion, and the cryptocurrency market volatility is only $ 5 billion. But such a large market is not without flaws. By the way, sometimes the commission of brokers reaches 5 or 10% of the trader's profit, which means hundreds of billions of dollars a day.
The spot price of gold has increased more than 20% since a year ago, making many traders and investors interested in owning the asset. And we've seen growing interest in our own token, PAX Gold - the biggest and fastest-growing gold-backed token with a market cap of more than $15.75 million. We just minted our 25th gold bar - which means there are 25 full 400-oz London Good Delivery gold bars in a Brinks vault in London backing the 10,000+ outstanding PAXG tokens.
A cloud-based crypto trading software provider says there are compelling benefits to using multiple exchanges when buying and selling coins — and claims to offer an intuitive interface for uniting accounts in one place. Executives at TradeSanta argue that utilizing multiple exchanges means that everyday traders can gain access to a broader selection of trading pairs, get a wider perspective of what’s going on in the marketplace, and even benefit from arbitrage, where one trading platform is selling Bitcoin more cheaply than another.
Fireblocks, an institutional platform for storing, transferring, and issuing digital assets, announced today that B2C2, the largest cryptocurrency liquidity provider and leader in electronic OTC trading, is employing Fireblocks to protect billions of dollars in digital asset value and provide security for more than 10,000 OTC trades daily. Utilizing Fireblocks' API, B2C2 now securely and instantly executes large value settlements with its institutional clients. B2C2 enlisted Fireblocks to add an efficient, digital asset security infrastructure to its best-in-class liquidity offering.
With the world constantly adapting to new technological advances, international trade must adapt as well. Ally Spinu, CEO of global B2B eCommerce trade platform, will be presenting her white paper titled "Innovations in International Trade: The Impact of Blockchain Technology" alongside academics and professionals from all over the world at the International Conference on International Trade (ICITE) 2020.
TradeStation Securities Now Supports Trading of Options on Bitcoin Futures from CME Group, Inc. and Bakkt Bitcoin (USD) from ICE
TradeStation Securities, Inc. (TradeStation), a Monex Group company and award-winning* online broker-dealer and futures commission merchant, now offers its futures clients the ability to trade options on Bitcoin futures contracts (BTC) from CME Group (CME). TradeStation futures clients can now also trade Bakkt Bitcoin (USD) futures options on the Intercontinental Exchange, Inc. (ICE). By supporting the trading of these new derivative products, TradeStation clients have another way to participate in Bitcoin price fluctuations through an established futures commission merchant.
BTCMEX is a new cryptocurrency derivatives exchange that aims to bring opportunities for everyone. The platform started operating at the end of 2019 and already boasts more than $50 million USD in daily trading volume, a $120 Trading Bonus, and one of the most lucrative affiliate programs in the industry. The exchange was founded by one of the world's most famous crypto investors, and the biggest Bitcoin adopter in China, Li Xiaolai, who founded many successful crypto and blockchain projects including Steemit and BigOne exchange. BTCMEX is headquartered in Hong Kong with offices worldwide. The company's core values are people, trust, and innovations, all of which guided its team to create a fair and transparent exchange to level the playing field between aspiring and professional traders.
Pool-X, the next generation POS mining platform supporting lockup crypto transactions backed by KuCoin, today announced the launch of its Liquidity Trading Market. The market allows users to buy and sell staked digital assets, bringing more flexibility and liquidity to the staking economy. To celebrate the launch of the liquidity market on Pool-X, it will be running an activity where participants can get a share of 5,000 USDT.
KuMEX, the Bitcoin futures platform developed by KuCoin, today announced the launch of a Lite version, which not only focuses on core trading experience by simplifying the overall interface, but also provides analytic tools such as a long-short ratio and revenue calculator to help newcomers to the crypto futures market better predict market trends and improve their investment strategies.