România Crypto Zone’s Post

🚨 Singapore's biggest, DBS Bank Invests Heavily in Ethereum, Totaling $647 Million 🔹 DBS Bank has been identified as a major Ethereum holder, with a staggering 173.7k ETH worth around $647 million! 🔹According to Nansen, this address has already raked in over $200 million in profits from its Ethereum holdings. DBS isn’t just banking traditionally; they're heavily invested in the future of finance. With services ranging from digital asset custody to crypto trading, they’re setting a benchmark for banks globally. Stay tuned with Web3 R&D for more updates ! #DBS #Ethereum #CryptoBanking #Blockchain #DigitalAssets #CryptoInvestment #Singapore

360T Launches Crypto NDF Offering, with Wintermute Asia and Crypto Finance pioneering the first trade on the platform. Frankfurt – 21, February 2024 – 360T facilitated the first Crypto Non-deliverable Forward (NDF) trade between Wintermute Asia and Crypto Finance Group as the two counterparties. 360T is initially supporting access to Crypto NDFs on Bitcoin (BTC) and Ethereum (ETH), leveraging existing OTC FX workflows to help streamline the adoption of these new products by its diverse client base globally. By trading Crypto NDFs on 360T, clients can gain exposure to the underlying cryptocurrencies without having to handle the underlying assets. In addition, these products can enable firms to hedge existing crypto exposures on a regulated platform. Please see the full press release here: https://lnkd.in/e2QxNd9s #360T #FX #crypto #cryptotrading #institutional #bitcoin #ndf

"Gopax Sells Genesis Claims at 50% Markdown, Backing by Binance" Gopax, a cryptocurrency exchange supported by Binance, allegedly sold its client deposit claims for half their value in August 2023. It owes its users 70 billion South Korean won ($51.4 million) due to ties with the failed crypto lender Genesis Global, makes the half payment to their users. The remaining yet-to-be-paid digital assets skyrocketed to 100 billion won from their initial 35 billion won November 2022 value. Gopax's financial stability is said to be in a precarious situation due to escalating debt liabilities. Amidst unresolved legal issues with Binance, its significant shareholder, Gopax has witnessed a reduction in its net losses from 90.6 billion won in 2022, to 51.3 billion Korean won ($37 million) in 2023. Earlier, Genesis acquired approval for $3 billion from U.S. bankruptcy courts to repay its creditors. #Binance #Gopax #GenesisGlobal #CryptoExchange #CryptoMarket #DigitalCurrencyGroup #Bankruptcy #Cryptocurrency #CryptoCustodyService

Hashnote has integrated Anchorage Digital’s custody services with its advanced derivative strategies to create a secure environment for yield generation. This partnership aims to reduce counterparty risks, offering peace of mind to institutional investors. Hashnote, a regulated platform, specializes in digital asset investment solutions including cash management, crypto yield strategies, and long token funds. Registered with the CFTC and CIMA, it caters to institutional needs. Anchorage Digital, a federally chartered crypto bank, provides comprehensive financial services tailored for institutions, including custody, staking, trading, and lending with advanced security features. The collaboration addresses the challenge of balancing yield generation with asset security, crucial for institutional participation in the crypto economy. . . . . #hashnote #anchorage #investment #cryptocurrency #staking #derivatives #cryptostan #thecryptocountry

Here we go - 360T launches Crypto NDF Offering, with Wintermute Asia and Crypto Finance pioneering the first trade on the platform. Frankfurt – 21, February 2024 – 360T facilitated the first Crypto Non-deliverable Forward (NDF) trade between Wintermute Asia and Crypto Finance Group as the two counterparties. 360T is initially supporting access to Crypto NDFs on Bitcoin (BTC) and Ethereum (ETH), leveraging existing OTC FX workflows to help streamline the adoption of these new products by its diverse client base globally. By trading Crypto NDFs on 360T, clients can gain exposure to the underlying cryptocurrencies without having to handle the underlying assets. In addition, these products can enable firms to hedge existing crypto exposures on a regulated platform. Please see the full press release here: https://lnkd.in/e2QxNd9s #360T #FX #crypto #cryptotrading #institutional #bitcoin #ndf

DBS Becomes First Major Asian Bank to Offer OTC Crypto Options Trading DBS, Singapore's largest bank, has announced that it will now offer over-the-counter (OTC) options trading and structured notes linked to #Bitcoin and #Ethereum for institutional clients. This makes DBS the first major Asian bank to introduce sophisticated Bitcoin and Ethereum derivatives, responding to the growing demand for crypto allocation among institutional investors. Moves like this from leading banks further legitimize Bitcoin and Ethereum as asset classes for institutional investors, not only in Asia but worldwide. #DBSbank #Blockchain #CryptoTrading #Web3

In the ever-evolving world of crypto, finding a reliable exchange is crucial. BloFin, a Cayman Islands-based cryptocurrency exchange, is making waves with its robust security measures, transparent fee structures, and diverse trading options. With over 320 trading pairs, including popular cryptos like Bitcoin and Ethereum, BloFin caters to both novice and experienced traders. What sets BloFin apart is its commitment to user protection. The exchange employs advanced security measures such as third-party custody solutions, insurance coverage, and AI-powered transaction monitoring. Partnerships with industry leaders like Chainalysis further enhance its compliance capabilities. As a trader, you can engage in futures trading with up to 150x leverage, spot trading, copy trading, and wealth management. BloFin also supports easy deposits and withdrawals in over 80 fiat currencies and offers round-the-clock customer support. Have you tried BloFin yet? What features do you think are essential for a crypto exchange? #Crypto #Blockchain #Trading #Cryptocurrency #CryptoExchange #BloFin #Security #DeFi #FinTech #Investing #Bitcoin #Ethereum

🇩🇪Germany Prepares to Launch Its First Regulated Stablecoin 🚀German asset management company DWS, owned by Deutsche Bank, has launched a new venture aimed at creating the first state-regulated stablecoin, pegged to the euro, by next year. This is a significant step for the European financial sector, considering that DWS manages assets worth €941 billion, reports Finextra. 💸The cryptocurrency will be regulated by the Federal Financial Supervisory Authority of Germany (BaFin). DWS will be the first company to obtain a German electronic money license for a stablecoin. Stefan Hoops, CEO of DWS, noted that the stablecoin will appeal to a wide range of clients, including digital asset investors and industrial players. #Stablecoin #Cryptocurrency #DigitalAssets #FinTech #Blockchain #FinancialRegulation #EuroStablecoin #DeutscheBank #BaFin #DWS #AssetManagement #DigitalFinance #CryptoRegulation #FinanceInnovation #EuropeanFinance

WisdomTree, a giant in the ETF space, has officially filed to launch an XRP ETF in Delaware. This move signals a significant shift in how institutional investors view cryptocurrencies, particularly XRP, which has been at the center of regulatory scrutiny for years. ❓ So, what’s the purpose of XRP (created by Ripple)? XRP is primarily known for its role in enabling fast, low-cost cross-border payments, making it a key player in the remittance space. It serves as a bridge currency for financial institutions, aiming to make global transactions as easy as sending an email. ❓ Now, why would major players like WisdomTree be jumping on the XRP bandwagon? The answer lies in the growing demand for regulated investment products in the crypto space. By launching an XRP ETF, they can offer exposure to a cryptocurrency that’s seen as highly efficient, yet still under the radar for most traditional investors. It’s all about making crypto more accessible and safe for the masses. The rise of ETFs is a win for anyone who believes in the future of digital assets, according to some financial and crypto experts' thoughts. #XRP #WisdomTree #CryptoETF #DigitalAssets #Blockchain #FinTech #Cryptocurrency #Investment #Ripple #Crypto #ETF #Finance

💥 JPMorgan Raises Concerns Over SEC Approval for Solana and Other Crypto ETFs! 💥 🔍 JPMorgan has voiced concerns about the SEC's hesitation to approve new crypto ETFs like Solana. Analyst Nikolaos Panigirtzoglou suggests that without clear legislation defining cryptocurrencies as non-securities, further approvals might be stalled. 📊 Key Points: Crypto ETFs offer simplified access to digital assets. SEC's cautious approach due to market manipulation fears. Recent approval of Ethereum ETFs marks a shift. Clear legislation is crucial for future approvals. 💬 Your Thoughts? Should the SEC approve more crypto ETFs? Share your insights! 👇 #Crypto #Bitcoin #Ethereum #Solana #ETF #Investing #Blockchain #Finance #CryptoRegulation