South Korean bank plans to offer Bitcoin Custody, Coinbase’s retail payments crosses $200M and BitMEX losing market share
South Korean Bank Plans to Offer Bitcoin Custody
Although Bitcoin is designed to be a peaceful protest against banks, the financial industry is silently looking into possibilities to embrace the decentralized payment infrastructure.
KB Kookmin, one of the top South Korean lenders, is planning to offer digital currency custody services for both Bitcoin and Ethereum.
The news is originally reported by local outlet Digital Today last Friday. The bank has already filed a trademark application for its custody platform . It is called the KB Digital Asset Custody (KBDAC) and it’s developed in cooperation with the Korean Intellectual Property Office.
Source: Finance Magnates
Coinbase’s Retail Payments Wing Crosses $200M in Transactions
Last Thursday, the retail Payment wing of crypto exchange Coinbase passed a milestone in its two-year history. New numbers out of they Coinbase Commerce payment portal shows that over $200 million of crypto transactions are being proccesed.
A total of 8.000 retailers now accept cryptocurrencies alongside their other payment streams.
Money comes more often than not in bitcoin, commerce product lead John Zettler said. He noted bitcoin is by far the method of choice by the customers.
Source: Coindesk
Binance and others overtake BitMEX as most-used Bitcoin derivatives platform
BitMEX falls out of the top 3 Bitcoin derivatives exchanges. After a downtime during the Bitcoin price dump at the 12th of March, BitMEX is losing popularity.
The exchange explained their downtime pointing towards two DDoS attacks, but rumours tell the liquidation engine faced problems which caused the orderbook to get empty, due to a avalanche effect.
Anyway, these issues causing traders to avoid the exchange. The past weeks there’s been more Bitcoin withdrawn from BitMEX than there has been deposited. It resulted in a net flow of -67,000 BTC, valued at $400 million.
In fact, BitMEX’s contracts have seen $1.46 billion worth of trades over the past 24 hours while Huobi, the top derivatives platform, has seen $2 billion worth of contracts traded — a difference of nearly 37 percent. BitMEX is being overtaken by Binance, OKEx and Huobi.
Source: Cryptoslate
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
