Blockchain products never cease to surprise, and the latest addition to the stack is AnCrypto — a decentralized crypto wallet that had a stunning launch in December 2022. AnCrypto’s strength lies in its ability to make crypto finance easier and accessible for users of all types. The wallet operates on the principle that all users deserve the right to control and invest their money, regardless of remittance regulations.
ParaSpace launched a first-of-its-kind cross-margin lending platform today. With the recent rise in NFT lending and borrowing, users have seen an increased liquidation downtrend spiral, ParaSpace serves as a solution for users in the space. ParaSpace is founded by Yubo Ruan and backed by Sequoia Capital, CoinBase Ventures, Founders Fund and others. The platform leverages a cross-margin framework that enables a peer-to-pool lending system that enhances liquidity and capital efficiency.
OANDA, a global leader in online multi-asset trading services, currency data and analytics, today announced the launch of a new cryptocurrency trading offering in the US market, designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment. The trading ecosystem has been developed in partnership with Paxos Trust Company, a regulated blockchain infrastructure platform.
XT.com, a Dubai-based socially infused platform, has added a new token to its ever-expanding exchange. Opening under the Main Zone, NEEO (NEEO) will be listed on the trading platform with the NEEO/USDT trading pair. Consequently, this listing will pave the way for NEEO holders to enjoy XT.com's flexible trading features.
Huobi Global Launches Grid Trading Bot on Its Mobile APP, Spurs Traders to Profit From Price Volatility
Huobi Global, one of the world's leading global exchanges, has unveiled a trading bot on its Huobi Global mobile app that will enable investors to capitalize on price volatility in the cryptocurrency market. The trading bot allows users to place, buy, and sell orders at certain regular intervals above and below the price of a particular asset.
Today Blockchain.com, one of the world's oldest and most trusted cryptocurrency platforms, launched margin trading on its Exchange. Upon launch, users can access margin with up to 5X leverage in the BTC-USD trading pair in more than 150 countries. Margin trading offers investors the opportunity to increase profit potential through leverage, which means increased buying and selling power on trades. For example, if a trader wants to purchase $1,000 worth of Bitcoin on the BTC-USD pair with 5X leverage, they'll only need $200 in either BTC or USD as collateral in the account to have a full position worth $1,000. Delivering flexibility with fund management, users can use either a base or counter currency to open margin positions. With .12% daily (.0005% hourly) on open margin positions, Blockchain.com's Exchange margin rates are among the lowest and most competitive in the industry.
The share of the cryptocurrency trading market is steadily growing every year. The increase in volume certainly makes this segment quite attractive for work But, certain risks should also be kept in mind. First of all, the market has high volatility and also a large number of fraudsters are present in it. For these reasons, many, especially inexperienced investors, often fall prey to scammers who seem to be efficient traders. At the same time, it is quite difficult to assess their real level of profitability. This leads to the fact that the investor is deprived not only of money but sometimes the very desire to work in this area in the future.
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PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products. The platform allows its users to operate with more than 50 trading pairs, with leverages that can reach 100x in Cryptocurrencies and up to 1000x in other trading instruments, 24 hours a day.
The cryptocurrency market has turned into a perfect investment alternative for retail as well as institutional investors. It has grown to become a $2 trillion industry as mainstream adoption came knocking this bull season. The price volatility of these digital assets works in both ways as it helps people to make a good profit in a short period while on red days it can lead to significant losses as well. However, the most important aspect is the transfer of value where fluctuation in prices can make it complex to transfer it or lose some value during the exchange. This is where stablecoins come into play as it ensures a stable value against the market volatility, but the popular stablecoins such as USDT lack transparency and have often been marred into controversy. The value of USDT often falls below $1 and even rises above the pegged value during extreme market fluctuations.