Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Digital Financial Exchange (DIFX) Officially Unveils Derivatives Trading, Empowering Users with Diverse Investing Strategies

Published

on

Port Vila, Vanuatu–(Newsfile Corp. – May 30, 2023) –

Figure 1: Digital Financial Exchange (DIFX) Officially Unveils Derivatives Trading

With DIFX’s introduction of derivatives trading, users can now have access to Contracts for Difference (CFDs) products, in addition to stocks, commodities, forex, indices, and crypto assets all within the same ecosystem.

By incorporating derivatives trading into its platform, DIFX enables users to create a diverse investment strategy tailored to their specific goals and risk tolerance. Furthermore, derivatives provide an efficient way to trade on the price movements of various underlying assets, allowing for both long and short positions.

The availability of these sophisticated financial instruments gives an avenue for traders to amplify their potential returns while mitigating risks through advanced trading techniques.

Advertisement
Stake.com

“At DIFX, we are committed to empowering our users with comprehensive trading tools that cater to their diverse needs,” said Jeetu Kataria, CEO of DIFX. “The launch of derivatives trading is a testament to our dedication to providing a seamless and secure trading experience where our users can access multiple financial markets under one single ecosystem.”

He further stated that, “In addition to the derivatives trading launch, we are in the process of rolling out more new features and are expanding our services to new regions like CIS and Africa.”

With security and trust as the core of DIFX’s ethos, the platform employs state-of-the-art security measures, including two-factor authentication, encrypted communications, and custodian wallets, ensuring the safety of user funds and personal information. DIFX’s dedication is what ensures it has the highest security standards that establish a trusted environment for traders to engage in derivatives trading confidently.

As DIFX embraces the future of finance, its vision remains clear: to empower traders worldwide with innovative tools, diverse asset classes, and unrivaled security. The addition of derivatives trading to the platform signifies a significant step towards achieving this vision, offering users a comprehensive trading ecosystem that caters to their evolving needs.

Derivatives trading is now available to all users on the DIFX platform. For more information and to experience the power of derivatives trading, visit the DIFX website or download the mobile app today- https://bit.ly/3IL48jF.

Advertisement
Stake.com

About Digital Financial Exchange (DIFX)

Digital Financial Exchange (DIFX) is a global multi-asset trading platform that provides a secure and reliable way for users to Trade, Invest, and Store both digital and traditional assets. The platform is designed to meet the needs of both retail and institutional traders, offering a wide range of assets like Commodities, Stocks, Crypto, Indices etc; a 3rd party secure custodian wallet, IB & affiliate programs, advanced trading tools, and more.

Users can begin their journey in diversifying their wealth by downloading the app now from the iOS or Google Play Store, or visit us at difx.com.

PR Contact:

ZEX PR WIRE
https://zexprwire.com/
[email protected]

Advertisement
Stake.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167896

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

PayPal receives New York crypto trust charter

Published

on

paypal-receives-new-york-crypto-trust-charter

The New York State Department of Financial Services (NYDFS) has granted PayPal Digital a limited purpose trust charter, a designation typically held by digital asset custodians and some stablecoin issuers.

Last August, PayPal launched its PYUSD stablecoin, marking the first stablecoin from a BigTech company. Paxos Trust Company, which also holds an NYDFS limited trust charter, currently issues the PYUSD stablecoin. Paxos has been PayPal’s partner for its cryptocurrency services since inception. Consequently, the new trust charter may signal PayPal’s intention to take over the custody of its clients’ crypto-assets and potentially move the issuance of PYUSD in-house.

Despite reaching out to PayPal for clarification on the purpose of the trust charter, no response was received before publication.

The PYUSD stablecoin is still in its early stages, with its recent integration for cross-border payments via PayPal’s Xoom app. The stablecoin’s market capitalization has grown to nearly $400 million, up from $190 million in early April. Notably, wallets associated with the issuer Paxos hold over $125 million, possibly on behalf of PayPal. The top five wallets constitute 71% of the stablecoin balance, with 17 wallets holding $1 million or more, accounting for 97% of the total holdings.

Advertisement
Stake.com

The largest holders include Paxos, Crypto.com, Curve (DeFi), Defiance Capital, and Frax (DeFi). Among these, Crypto.com holds a balance of $103 million and Bullish holds $23 million.

Additionally, in November, the SEC’s enforcement division issued a subpoena requesting documents related to the issuance of the PYUSD stablecoin.

Source: ledgerinsights.com

The post PayPal receives New York crypto trust charter appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

Hong Kong SFC to conduct compliance checks on crypto firms

Published

on

hong-kong-sfc-to-conduct-compliance-checks-on-crypto-firms

The Hong Kong Securities and Futures Commission (SFC) has announced that it will conduct on-site compliance checks on local virtual asset trading platforms (VATPs) that are still completing their regulatory applications following the June 1 licensing deadline.

In a notice issued on May 28, the SFC emphasized that all local crypto trading platforms must be either licensed or “deemed-to-be-licensed” by the regulatory body before the June 1 deadline. Operating an unlicensed VATP in Hong Kong after this date will be considered a criminal offense, and the SFC will actively pursue non-compliant companies.

In the coming months, the SFC will perform on-site inspections of deemed-to-be-licensed VATP applicants to evaluate their compliance with regulatory requirements. These inspections will focus on how firms safeguard client assets and implement Know Your Customer (KYC) processes.

The SFC urged investors to trade cryptocurrencies only on SFC-licensed platforms to ensure their protection. It also cautioned companies seeking licenses against actively marketing their services or onboarding new retail clients until they are formally licensed. Additionally, firms must prevent mainland Chinese residents from accessing their services, adhering to China’s ban on cryptocurrency trading.

Advertisement
Stake.com

Earlier this month, it was reported that the number of crypto exchanges seeking operational licenses in Hong Kong had been decreasing. Eleven crypto companies and exchanges, including well-known platforms like OKX and Huobi’s local arm, withdrew their applications ahead of the deadline. Currently, only 18 applications remain pending approval.

In response to the upcoming licensing requirements, some crypto firms have proactively taken steps to ensure compliance. For example, Gate.HK, a crypto exchange, halted all activities related to acquiring new users and marketing, prevented existing users from making deposits, and began delisting tokens on May 23. The exchange plans to relaunch its services after restructuring its platform to comply with Hong Kong’s regulatory requirements.

According to the SFC, only two companies, OSL Digital Securities Limited and Hash Blockchain Limited, have been granted licenses to operate in Hong Kong so far.

Source: tradingview.com

The post Hong Kong SFC to conduct compliance checks on crypto firms appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading

Blockchain

Argentina crypto group plans to set up a blockchain valley in Buenos Aires

Published

on

argentina-crypto-group-plans-to-set-up-a-blockchain-valley-in-buenos-aires

The crypto community in Argentina is planning to establish a “blockchain valley” in Buenos Aires as part of the Crecimiento movement, which has a following of 500 individuals.

This group includes prominent figures in the country’s crypto ecosystem, such as Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures.

Significantly, Crecimiento’s core team has the support of advisors to Argentina’s new libertarian president, Javier Milei.

Crecimiento aims to create a hub for crypto and technology-oriented business founders in the capital, offering a comprehensive three-dimensional plan. This includes bringing 5 to 10 million people on-chain by offering exclusive items, boosting the number of tech-related startups, and providing necessary support.

Advertisement
Stake.com

The group’s mission is to work with Argentina’s newly crypto-friendly government to bolster the cryptocurrency sector through initiatives like tax rebates, industry investment, and simplified regulations.

During his campaign, President Milei highlighted the benefits of Bitcoin, associating it with a sense of freedom, though no formal statements have been made on the subject. Nonetheless, the group has been actively collaborating with officials to establish their crypto center in Buenos Aires.

Maria Milagros Santamaria, a Web3 lawyer, noted that regulators are showing a high level of positivity toward their proposals and are requesting specific plans regarding the crypto sector to move forward. She mentioned that there are only a few individuals opposed to the initiative, and fortunately, their numbers are minimal.

Source: cryptonewsz.com

The post Argentina crypto group plans to set up a blockchain valley in Buenos Aires appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE