Binance Acquires Cryptocurrency Derivatives Platform JEX

Cryptocurrency exchange Binance has acquired China-based Jaxx spot and derivates platform Jaxx for an undisclosed amount.   Binance Continues to Grow The Malta firm announced today that JEX is rebranding to Binance JEX, adding that the acquisition would grant them the rights to manage JEX tokens, the native cryptocurrency of the JEX platform. Excerpts: In a […]

Continue Reading

BitMEX Bitcoin Outflow in July is Worse than Reported

Everybody knows that July was a bad month for one of the world’s largest bitcoin and crypto derivates exchange BitMEX. But they are wrong. July was – evidently – the worst.  New data reveals that the Seychelles-based firm experienced its most damaging net inflows in the said month. Fork Monitor found that BitMEX processed withdrawals […]

Continue Reading

BitMEX Blocks Services in Three Countries amid CFTC Probe –

Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision […]

Continue Reading

Bybit VS BitMEX: A No-Frills Comparison for Crypto Derivatives Traders

Trading cryptocurrencies is more interesting than trading equities or other forms of traditional assets. The volatility of cryptocurrencies drives massive price movements that would probably give Wall Street stocks traders a collective heart attack. Trading cryptocurrency derivatives, however, adds another layer of sophistication to cryptocurrency trading because profits or losses tend to be exponentially magnified. […]

Continue Reading

BitMEX Shed $524 Million In ‘Worst Month’ July: Data

Bitcoin derivatives giant BitMEX continues to feel the pressure this week as data shows July delivered its worst performance in history.  BitMEX $524 Million Lighter In July As Blockchain intelligence resource Token Analyst reported, BitMEX saw over half a billion dollars leave its platform last month.  The news came via historical statistics which have since […]

Continue Reading

Weekly Digest: Bitcoin Price, Libra Hearings And More

Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term. Let’s have a look at […]

Continue Reading