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Asian Altcoin Trading Roundup: Top Cryptocurrency is Bitcoin Cash

Asian altcoin trading roundup: top cryptocurrency is bitcoin cash

Asian Altcoin Trading Roundup: Top Cryptocurrency is Bitcoin Cash

Markets have remained pretty flaccid over the past few days which is admittedly better than falling further. bitcoin still cannot gain any traction beyond $8,000 where it currently trades. Altcoins have also been floating around the same levels for the last 2-3 days, and there is no sign of any upward movement in any of them. We can only then look at the one with the largest percent gain on the day and that coin is bitcoin Cash.

Coinmarketcap is reporting a 6.7% rise on BCH during this morning’s Asian trading session. From $910 this time yesterday bitcoin Cash jumped to a daily high of $1,053 before falling back to $970. In terms of BTC it is up 5% trading at 11903000 satoshis up from 11361300 sats yesterday. Over the week BCH has been in decline falling almost 10%, the monthly picture is even worse with a slide of almost 40%.

Asian altcoin trading roundup: top cryptocurrency is bitcoin cash

The renewed interest may have come off the announcement that Japanese firm Mikan will be launching a bitcoin Cash wallet called Yenom later this month. The mobile wallet will be for Android and iOS, it will allow easier access and usage of BCH according to the press release. The wallet, named after ‘money’ backwards has been designed to function only with bitcoin Cash and will increase its adoption in the Japanese market.

Hong Kong exchange OKEx has the majority of the trade volume with almost 25%, followed by HitBTC and Huobi. Over the past 24 hours volume has increased to $480 million and market capacity is around $16.5 billion which puts BCH at a steady fourth in the charts. Like its big brother, BTC, it has a maximum supply of 21 million with 17 million already in circulation.

Other altcoins showing a little growth this morning include Dash, Iota, VeChain, and DigixDAO. Most of the others are still pretty flat as we enter the weekend.

More on bitcoin Cash can be found here: https://www.bitcoincash.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.

Published at Sat, 17 Mar 2018 03:25:04 +0000

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Winklevoss’ Gemini Exchange to Allow CBOE to Use Bitcoin Market Data

The famous cryptocurrency exchange platform, Gemini, agreed to sell its bitcoin market data to the Chicago Board Options Exchange, Incorporated (CBOE).

Getting into the bitcoin Game

The cryptocurrency exchange, Gemini, was founded in 2016 by the famous Winklevoss twins. In October of that same year, the exchange officially received permission from the New York State Department of Financial Services to operate in 31 states. Gemini’s major focus had originally centered around bitcoin trading, however, with the popularity and value of Ethereum rising exponentially, the exchange added Ethereum trading in May of 2016. Currently, the exchange has a daily transaction volume of $52 million.

An Agreement with the CBOE

Gemini Agreement with the CBOE

According to an official press release, Gemini and the Chicago Board Options Exchange (CBOE) entered into an agreement to exclusively use Gemini’s bitcoin market data. The details of the agreement state that CBOE will have an exclusive global multi-year license to use the exchange’s market data.

The cryptocurrency exchange’s market data will help the CBOE to create bitcoin derivatives products for listing and trading. Currently, the CBOE is awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC), in order to launch its cash-settled bitcoin futures. The report suggests that cash-settled bitcoin futures will be available for trading on the CBOE Futures Exchange in the fourth quarter of 2017 or early 2018.

Ed Tilly, Chairman and Chief Executive Officer of CBOE Holdings

Ed Tilly, Chairman and Chief Executive Officer of CBOE Holdings, said:

Gemini has demonstrated time and again its foresight and expertise in this area of finance. The team’s focus and determination to grow the bitcoin market and secure appropriate regulatory oversight as a New Yorktrust company makes them ideal for this venture. We are incredibly proud of this agreement and look forward to all that we can achieve together.

Gemini's Chief Executive Officer of Gemini Tyler Winklevoss

Gemini’s Chief Executive Officer of Gemini Tyler Winklevoss also added:

Gemini’s key concerns in the cryptocurrency ecosystem have always been security, compliance, and regulatory oversight. By working with the team at CBOE, we are helping to make bitcoin and other cryptocurrencies increasingly accessible to both retail and institutional investors.

bitcoin users believe that bitcoin based futures will enable Wall Street traders and investors to get into the bitcoin ‘game’ without affecting their ordinary portfolios.

What are your thoughts on the agreement between CBOE and Gemini? Do you think that bitcoin futures will succeed? Let us know in the comments below!

Images courtesy of Pixabay, Unsplash, CBOE, Acast

The post Winklevoss’ Gemini Exchange to Allow CBOE to Use Bitcoin Market Data appeared first on Bitcoinist.com.

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