Latest Apollo Currency news
Crypto Valley Exclusive: Aplo Is Building An Access Point Into Crypto For Institutions
Detroit-based Benzinga, a media and data provider bridging the gap between retail and institutional investors, sent its team to Switzerland June 2-3, for Crypto Valley. During that time, Benzinga sought to recognize the innovation in digital assets, speaking with founders, investors and beyond. The following is a conversation with Oliver Yates, the CEO and co-founder of Aplo, an EU-licensed broker leading institutional investors into the crypto universe. Check it out! Q: Hi Oliver, nice to meet you. Care to start off with an introduction? Oliver Yates: I’ve been in the crypto space for over six years now, on a professional level. I started out in France, working in insurance smart contracts on Ethereum (CRYPTO: ETH). That was pretty early for Ethereum and there wasn’t that much going on. I actually worked on the protocol in a research lab on security issues. Then, I worked in San Francisco for a company called Merkle Data where I built and sold trading signals to hedge funds. Later, after finishing my studies, a few friends and I founded Aplo. This company has been going on for three years, now. We’re 25 people and hiring, based out of Paris, France. How did you find Aplo? In the U.S., we studied at the University of California, Berkeley. That’s where we got the idea for Aplo, formerly SheeldMarket, a dark pool, and worked quite a bit with the blockchain accelerator there. Ultimately, it comes down to friends wanting to work together. We had all been in the space and in France there was no one doing stuff in 2019. What actually is Aplo? It’s simple. We’re an access point to the crypto market for institutions. We act as a regulated counterpart sitting in the middle of everything. Instead of having to open 10 exchange accounts, these institutions need only one account with us. They just have to have a bit of collateral and they have access to everything from one API, one interface and one settlement. How are you different from some of the competitors that are out there? The biggest difference is that we’re the only one out of all these players to be licensed in the European Union or EU. For those that can’t work with American players, we’re kind of the choice. Second, if you’re a U.S. provider, you can’t really connect to all the Asian exchanges like Binance, Huobi and OKX. However, these are the exchanges that have all the coins and liquidity. We’re able to connect there while being compliant and regulated by the French. You get access to deeper liquidity, rather than going to an American player. Was it difficult to get regulated in the EU? Yes, it’s tough and there’s no standard framework. You’ve got to choose. In Germany, BaFin has a framework for crypto. Then, you’ve got France with the AMF, which is the one we chose. You also have Malta, among others, which is not on the same tier, and Switzerland, which is non-EU. We chose the French because we’re French and it’s easier to communicate with the regulators. Two, they’re the only ones with a definite and clear framework. Isn’t France somewhat of a booming finance and technology community, now? Yes, somehow it is very attractive for foreign capital. Fintechs there have raised serious funds in the past year and a half and on the Web3 side you’ve got Sorare and Ledger. I think the main reason for that is the pool of quant and math people. If you go to any big American startup and look at the data science or quant team, it’s just French people. What does your solution do for the overall market for crypto? At a high level, you have a bunch of venues — marketplaces — and then you have protocols that can act as marketplaces or service providers. It’s all fragmented which means that whatever you’re doing in one place can’t be transposed to another. Your capital is cannot be used somewhere else. The fragmentation leads to friction and makes everything more expensive. So, we were really just an interface between professionals and whatever DeFi is, whether that is protocols, cryptocurrencies and the like. And, you’re overseas, only? Not the U.S., right? We don’t have any U.S. customers, but as you know most investment firms across the world have an offshore entity. It’s been the same thing for years now. So, we’ll never onboard a U.S. customer, but we can onboard customers from a bunch of different countries. Are you engaged in conversations regarding fundraisers or even acquisition? Everybody is being approached for acquisitions in the past two years. We’re a longer-term, technology play and so, we don’t need to be acquired to work. At this stage, it’s more about growing and making our business sustainable, and being more than a prime broker, rather than being acquired by a bank. How do you make your money? When you’re trading through us, we take a transparent fee. You don’t have to pay any other venue fees. If you’re borrowing crypto from us, you’ll pay a premium fee for borrowing. If you’re lending crypto to us, you get a rate, and so we make money by the difference between the rates we distribute and the ones we get. Then, we have some services like shadow books for fintechs. They’ll pay a SaaS fee. Since you’re bringing all these venues together, so to speak, are there some discounts that you pass on to the other end? Yes. We aggregate volumes and get cheaper rates from exchanges. That allows us to be competitive on the rates. Looking into the future, what excites you the most? Ideally, we want to interact with more DeFi protocols. Right now we’re limited but, in two years, we’ll have some pretty decent liquid DeFi protocols that have a KYC layer. We’ll be able to leverage them and that’s going to be great stuff for us. Additionally, as we move on, I’m going to be less involved in the day-to-day and more focused on the vision and culture, doing whatever is necessary to drive our success. Any comments on the Terra-apocalypse? Half of Terra was premiums from loans due to the protocol. The other half was a gift from the foundation itself. That’s unsustainable. At the end of the day, there’s no free lunch. Crypto is no different. There’s no free 20% return. If you’re lending, you can potentially make 10% but there’s default risk. You’ve got to ask the right questions. Does the yield come from anywhere apart from inflation? © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Genesis is parking $75 million in capital into Maple’s Solana-based lending platform
Genesis Global, one of the crypto market's biggest lending and trading firms, is ramping up its decentralized finance footprint by contributing $75 million to Maple's Solana-based lending platform. The post Genesis is parking $75 million in capital into Maple’s Solana-based lending platform appeared first on The Block.
How Metaplex Is Solving Solana’s Network-Crashing NFT Botting Problem
After the recent downtime, Solana’s NFT protocol developers go on the offense against transaction-spamming bots.
Also a cosmic celebration at XETAPLEX with ALIEN DJ JACK FROST @NftFrost + @Hurric4n3Ike [events.decentraland.org] #MayThe4th
Also a cosmic celebration at XETAPLEX with ALIEN DJ JACK FROST @NftFrost + @Hurric4n3Ike https://events.decentraland.org/event/?id=3572c1fa-1624-4bb5-9a06-e998f6cd679f #MayThe4thDecentraland•
About Apollo Currency
This article discusses the current APL price and the APL price predictions provided by reliable sources. Can APL reach a new all-time high in the future? What does the APL coin technical analysis indicate? Why is it important? What will the APL price look like in 2021-2025? Is the APL coin a good investment right now? Let’s dive in and decide for ourselves.
Apollo Currency Real-Time Status
APL current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
Apollo Currency Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
Apollo Currency Price
You can check the APL price through CoinJoy's crypto portfolio tracker. Choose APL from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy Apollo Currency
You can choose one or a few ways to purchase APL. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support APL tokens and allow you to store them. Locate the APL address starting from 0x. Sign up with APL and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many APL coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support APL. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
Apollo Currency Price Prediction 2022
We have gathered the latest Apollo Currency price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Trading Beasts has set the following targets for Apollo Currency in 2022: an average of $0.001, a maximum of $0.001, and a minimum of $0.001. Based on the provided data, purchasing Apollo Currency might be a good long-term investment.
PricePrediction.net has come out with a positive price prediction for Apollo Currency: an average of $0.001, and a minimum of $0.001 is what holders could be anticipating in 2022.
Wallet Investor is prominent that Apollo Currency prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $0, with a potential maximum of $0, and a minimum of $0.
Apollo Currency Price Prediction 2023
Similarly, Trading Beasts indicates an average of $0.001, a maximum of $0.001, and a minimum of $0.001 for Apollo Currency.
Based on the information provided by key indicators, PricePrediction.net believes that Apollo Currency prices could grow next year. The website forecasts the following prices for Apollo Currency: an average of $0.001, a maximum of $0.001, and a minimum of $0.001.
According to Wallet Investor, Apollo Currency prices are estimated to show negative downtrend signs in 2023, reaching an average of $0, with an expected maximum of $0, and a minimum of $0.
Apollo Currency Price Prediction 2024
Trading Beasts expects a continuous positive trend for Apollo Currency throughout 2024. The prices are likely to range between a maximum of $0.001 and a minimum of $0.001, with the average price reaching $0.001.
PricePrediction.net has set an average of $0.001, a maximum of $0.002 and a minimum of $0.001 for Apollo Currency in two years, therefore predicting value growth for the token.
As for 2024, Wallet Investor is bearish on Apollo Currency. Investors should watch out for a potential average of $0. The website also indicates a maximum of $0 and a minimum of $0 in two years.
Apollo Currency Price Prediction 2025
Trading Beasts is also indicating an increase in Apollo Currency prices, starting from the minimum of $0.001 and reaching as much as $0.002. The expected average price is $0.001.
Furthermore, PricePrediction.net is seemingly enthusiastic about Apollo Currency prices in 2024. The website forecasts that the price may go up to as much as $0.002. The expected average price is set at the $0.002 level, whereas the expected minimum price is $0.002.
In 2025 Wallet Investor views Apollo Currency negatively. According to the website algorithm, the expected average price is $0, with potential maximum and minimum prices reaching $0 and $0 respectively.
Apollo Currency Price Prediction 2030
Trading Beasts predicts that the bullish trend will remain strong for Apollo Currency in 2030. Investors could be expecting an average of $0.002. The maximum and minimum prices might hit $0.002 and $0.002 respectively.
Last but not least, based on the sentiment from PricePrediction.net, Apollo Currency prices will continue to grow in the long run, with the average price reaching the $0.015 level. The expected maximum price is $0.017 and the potential minimum is $0.014.
According to the long-term forecast from Wallet Investor, Apollo Currency has bad investment potential. The prices could reach $0 on average, whereas the maximum price could go up to as much as $0, and the minimum price could hit the $0 point.
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is Apollo Currency a good investment?
According to the experts' forecasts, Apollo Currency will be a good investment.
Does Apollo Currency Have Potential?
The APL is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Apollo Currency forecast is positive, It has potential.
How much will Apollo Currency be worth in 2022?
In 2022 the price of APL is expected to reach $0.001, based on the forecasting from various sources.
How much will Apollo Currency be worth in 2023?
In 2023 the price of APL is expected to reach $0.001, based on the forecasting from various sources.
How much will Apollo Currency be worth in 2024?
In 2024 the price of APL is expected to reach $0.002, based on the forecasting from various sources.
How much will Apollo Currency be worth in 2025?
In 2025 the price of APL is expected to reach $0.002, based on the forecasting from various sources.
How much will Apollo Currency be worth in 2030?
In 2030 the price of APL is expected to reach $0.017, based on the forecasting from various sources.