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Brazil Witnesses Introduction of New Crypto Trading Platforms
In September of last year, Mynt’s release was announced. Key Brazilian broker XP has also shifted its focus to the
Bank Santander to Offer Crypto Trading to Brazil
Santander is one of the largest banks in the world. Santander has been at the forefront of blockchain and crypto adoption. Brazil’s central bank... The post Bank Santander to Offer Crypto Trading to Brazil appeared first on Crypto News Land.
Santander to Roll Out Crypto Trading Services in Brazil
Spanish banking giant Santander will reportedly start offering cryptocurrency trading to its clients in Brazil, the firm's CEO said.
Santander Bank To Launch Crypto Trading in Brazil as Demand Spikes
Brazil is set to become a promising crypto hub with pristine initiatives from top banks. Continue reading Santander Bank To Launch Crypto Trading in Brazil as Demand Spikes at DailyCoin.com.
Santander Brazil Will Introduce Crypto Trading Feature Soon
Santander plans to provide its Brazilian clients with access to crypto trading. Santander has already made inroads with crypto in
Slashing Bitcoin's Price Of Entry For Speculators – Here's How Tradovate's Latest Release Might Help Retail Leverage Crypto Trading
In 2021, the world seemingly witnessed the “rebirth” of the retail community. Following years of siloed existence — sometimes acting as exit liquidity for hedge funds — the retail community reemerged on the Wall Street scene showing true force. What transpires afterward is now a chapter in the stock market history books. Grandiose price ascensions sent GameStop Corp. (NASDAQ: GME), AMC Entertainment Holdings Inc. (NASDAQ: AMC) and other meme stocks to unprecedented heights, which led to some of Wall Street’s big boys being, for once, at the mercy of their smaller counterparts. The financial markets have not forgotten this moment in history. Many of them, in fact, have begun to tailor their product lines in the service of retail traders. Cboe Global Markets Inc. (BATS: CBOE), for example, released Nano Option Contracts in an attempt to create a more affordable route to trading popular exchange-traded funds and stock market indices. Tradovate, a modern-day futures trading platform, could be taking this movement a step further. Leveraging Coinbase Global Inc.’s (NASDAQ: COIN) unique product offerings, the platform reports it is releasing some of the most affordable future contracts on the cryptocurrency scene. With Coinbase Nano Bitcoin Futures, traders can leverage the incredible volatility of the cryptocurrency market for as low as $0.05 a contract and reap all the benefits (and risks) associated with futures trading. A Deep Dive Into Nano Bitcoin Futures Nano Bitcoin Futures (NBFs) are a possibly more affordable way to trade Bitcoin (CRYPTO: BTC). At its peak, Bitcoin’s price transcended $69,000. For many retailers, purchasing just one Bitcoin was not a possibility. According to one report, the average account size of a retail trader on Robinhood Markets Inc. (NASDAQ: HOOD) was $4,000. With NBFs, many of the pitfalls of affordability are significantly lessened. For one, NBFs are priced at 1/100th of a Bitcoin. Even at the height of Bitcoin’s boom, an NBF would’ve cost around $690, a price far more affordable than the actual cryptocurrency. Affordability breeds not only accessibility but also leverage. With NBFs, future traders can put their capital to work and purchase lofty position sizes. Leverage maximizes the potential for gains, but also for losses, so it can be crucial for traders to understand the risks and have a clear strategy. While leverage can provide more buying power, it also increases risk. In addition to a reduced price, Tradovate says it has further improved the affordability of NBFs by cutting commission, market data, subscription and inactivity fees. This affordability is paired with the benefits of futures trading, including: An ability to go short or long An ability to hedge existing positions or speculate on an upcoming movement Extended trading hours Cash-settled contracts NBFs are monthly contracts that are listed for the two nearest months. With them, Tradovate says retail traders can, for once, leverage their capital like the pros and do so in a highly regulated and safe environment. Click here to learn more about possibly optimizing Bitcoin trading with NBFs. Trading virtual currency derivatives have a variety of unique and potentially significant risks. Please read our full Virtual Currency Transaction Disclosures & Risk Disclosure Statement for Virtual Currency Futures prior to any virtual currency trading. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Featured photo by Roberto Júnior on Unsplash © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Uniswap Matches Coinbase's Crypto Trading Volumes — Brian Armstrong Says 'Story Is More Complex'
Trading volume on decentralized exchange (DEX) Uniswap (CRYPTO: UNI) nearly equals that of Coinbase Global Inc (NASDAQ: COIN). What Happened: A Monday report from crypto market data provider Kaiko detailed how Uniswap’s market share of volume relative to Coinbase has surged from 27% to nearly 50% since January. Analysts attributed this strong shift in market structure to Ethereum (CRYPTO: ETH) transaction fees dropping to a two-year low. “Uniswap’s relative increase in volumes could also be related to the growing role that DEXs play in providing liquidity for stablecoin swaps, particularly important following TerraUSD’s collapse and Tether’s continuing discount to the Dollar,” Kaiko analysts wrote in the report. Diving into DEX market share, we can see that Uniswap actually accounts for between 80-90% of total daily volume (on Ethereum). pic.twitter.com/pOvgLuiloP — Clara Medalie (@Clara_Medalie) July 18, 2022 Kaiko’s director of research Clara Medalie highlighted that Uniswap’s rising trading volumes were still negligible compared to the centralized exchanges on the broader crypto market, including centralized exchanges like Binance. See Also: Coinbase Price Target Cut By Mizhuo: Analysts See 'Problematic Trend' Coinbase CEO Brian Armstrong weighed in on Kaiko’s assessment, saying that the “story is more complex.” In other words, for the Uniswap portion of the graph, a bunch of those orders are coming through Coinbase! So the story is more complex. Your central point I agree with though, which is that DEXes are growing nicely. Coinbase loves DEXes and will continue integrating with them. — Brian Armstrong - barmstrong.eth (@brian_armstrong) July 19, 2022 Price Action: According to data from Benzinga Pro, COIN closed 9.07% higher on Monday. Bitcoin (CRYPTO: BTC) rallied to an intra-day high $22,000 of $22,795 and Ethereum (CRYPTO: ETH) surged to $1,607. Uniswap’s native token UNI rallied 10% to an intra-day high of $7.71. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Bitbase Exchange Opens Physical Crypto Trading Store in Paraguay
According to Bitbase, this will be the country’s first shop of its sort. The corporation said it wanted to expand
Online Brokerage Firm M1 To Launches Crypto Trading Accounts
Online brokerage firm M1 on Tuesday announced the launch of crypto trading accounts and services over the next few weeks, allowing users to invest in a personalized portfolio for the long term. The company’s CEO Brian Barnes said roughly half of its surveyed users had sought to use the platform to invest in cryptocurrencies. The company, founded in 2015, claims to have about $5 billion worth of assets under management. It currently offers commission-free investing in stocks and exchange-traded funds (ETFs). Half of surveyed users sought to invest in cryptos “The crypto market is still young and volatile; Bitcoin emerged just 13 years ago. Cryptocurrencies are a roughly trillion-dollar asset class that over 20% of Americans have invested in, traded, or used. It has been the most requested asset addition, with roughly half of our surveyed users wanting to use M1 to invest in crypto,” Barnes said. He added that adding crypto services to the platform gives users the choice to make this burgeoning asset class a part of their long-term investment strategy if it matches their risk tolerance and long-term perspective. Initially, ten cryptos, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) will be offered, with additional cryptos being made available over time. Also Read: Dogecoin Drops Lower As Investors Brace For Macro Headwinds Again Users can build custom portfolios M1 will offer users the option to build custom “crypto Pies” or use “Expert Pies”, which are pre-built using thematic strategies such as DeFi, Web3, and large-cap crypto. Pie-based investing allows users to create a portfolio of pies in each asset, represented as a slice on a pie graph. The portion of the pie is balanced by algorithmic software, depending on the user’s risk appetite and investment strategy. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•