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Homegrown Canadian Crypto Startup, Steam Exchange, Takes on Binance and Other Major Players, in an Effort to Obtain Complete Compliancy and Offer a Safe Space for New Investors in the Crypto Ecosphere

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Toronto, Ontario–(Newsfile Corp. – August 19, 2021) – Steam Exchange, a new and upcoming Canadian Cryptocurrency Exchange is on track to set the new standard for major players in the market. Having access to a feature-packed Centralized Exchange has been an issue in Canada. With major brands exiting the market due to regulations, it leaves opportunity for homegrown talent and local organizations to soak up some significant market share.

Steam Exchange’s ‘built from scratch’ approach enables features to be built out with longevity and complete compliancy in mind. Steam Exchange is currently being developed in Canada, by Canadian Engineers. Partnered with top Canadian Universities, the platform is truly “Made in Canada”.

Neville Divecha, one of the Co-founders and developers of Steam Exchange, shares what they are doing to differentiate themselves from some of the major players –

“We definitely see Steam Exchange operating as a Global Initiative with a Canadian core. We’re currently working with the best legal minds in the regulatory and compliancy sector. Steam Exchange believes that the user experience directly relates to the success of a platform, and will be applying that principle to their development strategy. We are working towards being 100% compliant with OSC regulations, and regulations around the world. With first of its kind features, the platform will truly be your one stop shop for all things crypto. We aim to provide services and functions that allow you to trade confidently and freely.

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“Keep in mind that this is not an idea or solely a concept. We’ve been hard at work, behind the scenes for more than 6 months, and are well on our way to completion of Stage 2 – which is our mobile integration and user interface optimization. We crushed our deadlines with Stage 1 and were able to show our community the fully functional and operational exchange platform; live nodes, active trading pairs, KYC integration, you name it.

“Steam Exchange views itself as much more than just an exchange, we aim to make a difference in the crypto ecosphere by providing a safe space for individuals to foster, and groom their own crypto journeys through the power of learning. This will be facilitated by our physical locations across Canada, as well as online resources; offering exposure and training for all things crypto.”

The team behind Steam Exchange is currently focusing efforts on marketing, ahead of their SteamXchange Token launch, working closely and diligently with strategic partners and preparing a range of targeted content and informational material. By preparing and engaging in their marketing initiatives now, rather than post-launch, the team is confident that they will be positioning Steam Exchange in great stead, for their holders and strategic partners.

Designed with early investors & visionaries in mind, the SteamXchange Token, built on the Binance smart chain, enables early adoption of the native SteamX Coin that would be based on their own proprietary Blockchain.

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Neville mentions, “Upon completion of Stage 3 and once our Exchange is ready to be released to the world, we will engage in a swap of SteamXchange Tokens for our native SteamX Coin. This native SteamX Coin will be used as the main liquidity pair for all cryptocurrencies offered on the platform. It will work as a base token for the platform where all trading to, and from other cryptocurrencies begin and end with SteamX Coin.

“In addition to trading, SteamX Coin will unlock tiers within the platform. The more SteamX Coin you hold, the higher the tier. The higher the tier, the more benefits you unlock. Think of this as an incentive to trade on and support the platform.

“All of this is not possible without being powered by our state-of-the-art SteamX Blockchain! Built with speed and cost in mind, trading on the SteamX Blockchain will be fast and affordable. Gone are the days of slow trades and high fees.”

More information about the project can be found on their Website, Telegram group, and Twitter below:

https://steamexchange.ca

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https://t.me/SteamXchangeOfficial

https://twitter.com/steam_exchange

Client and Media contact:
[email protected]

Steam Exchange believes that they can make a difference in the crypto ecosphere by providing a safe, well-informed space for new and experienced investors alike. The physical locations will encourage more exposure, trust, and allow for Steam Exchange to bridge the gap through the power of learning. The core team has worked for multiple Fortune 500 companies in the past and is ever willing to deliver; they constantly provide the community with updates and organize forums of discussion. All aboard as Steam Exchange is poised to emerge as a credible, long-term player in the crypto ecosphere.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93779

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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