The future of XRP and LTC?

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/i0wm5y/the_future_of_xrp_and_ltc/

Do the two old giants, Ripple and Litecoin, have a promising future? It seems to me both are performing quite badly price-wise though they are having a little bull run now, as far as I understand this because LTC lack developers and therefore progress while XRP has a lot of coin dumping going on.

I know there’s much more to it, but I’m still in the early stages of understanding crypto technology and markets. I hope some of you can chip in with some interesting facts, analysis and predictions.

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eToro Announces Acquisition To Support Debit Card Launch

Ursprünglich erschienen auf: https://thebitcoinnews.com/etoro-announces-acquisition-to-support-debit-card-launch/

Global investment platform eToro today announces the acquisition of Marq Millions Ltd, the UK based e-money business. Marq Millions is now trading as eToro Money and will be the card issuer for eToro’s forthcoming debit card.


Commenting on the acquisition, co-founder and CEO of eToro, Yoni Assia said: “We are proud to announce the acquisition of the Marq Millions business and to welcome the team to the eToro family. The launch of a debit card is a natural next step for eToro as we broaden the range of services that we provide to our users. 

“eToro has always been about opening up finance. We offer our users not only the choice of what assets they invest in – from commission-free fractional stocks through to commodities and crypto – but also a choice of how to invest – they can trade directly themselves, copy another user or invest in a portfolio.” 

The card will initially be available to eToro Club members in the UK, then Europe, and then will be extended to non-eToro users. eToro has over 14 million registered users and expects to take up the card to be strong. 

eToro Money has a Principal Membership with VISA and an EMI License permission from the Financial Conduct Authority.

“Over the past thirteen years, we have grown and innovated by listening to what our clients want from eToro. The debit card will provide instant cash-out and cash-in functionality, greatly improving the user experience. We expect to see a strong take-up of the card – initially from our client base.” commented Yoni Assia.

Mahmood Kamran, former Chief Operating Officer of Marq Millions and now Managing Director of eToro Money commented: “We are incredibly excited to become part of the eToro Group. The backing of this leading global fintech will allow us to issue a debit card which we are confident will become a market leader globally. You can expect to hear a lot more from eToro Money in the coming months and years.” 

About eToro Money

Marq Millions is now trading as eToro Money and will be the card issuer for eToro’s forthcoming debit card. eToro Money has a Principal Membership with VISA and an EMI License permission from the Financial Conduct Authority.

About eToro 

eToro was founded in 2007 with the vision of opening up the global markets so that everyone can invest in a simple and transparent way. The eToro platform enables people to invest in the assets they want, from stocks and commodities to crypto assets. We are a global community of more than 14 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real-time, and transact whenever they want. www.etoro.com  


Disclaimer: eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.


 

Post source: eToro Announces Acquisition To Support Debit Card Launch

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‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk

Ursprünglich erschienen auf: https://thebitcoinnews.com/huge-demand-in-india-spurs-zebpay-to-launch-otc-bitcoin-trading-desk/

Indian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services.

Zebpay Sees Huge Demand for OTC Crypto Trading in India

Zebpay’s OTC desk offers “deeper liquidity and private, more personalized service to institutions and individuals with large orders that might be hard to fill on an open exchange,” the exchange’s OTC page details. Customers can trade BTC against INR with a minimum order size of 5 BTC. Registration for the new service began on Saturday but the official launch date is set for Aug. 3.

Nirmal Ranga, Vice President of Trade at Zebpay, has shared some details with news.Bitcoin.com about his platform’s upcoming service. “OTC constituted 90% of our total business until 2018, when the Reserve Bank of India notice came into the picture,” he described, adding:

There is huge demand among traders and arbitrageurs in India for OTC desk services, and the recent supreme court decision reversing the ban has caught the attention of large investors and institutions eager to explore this new asset class.

In March, the Indian supreme court quashed the circular issued by the central bank, the Reserve Bank of India (RBI), which banned banks from providing services to crypto businesses, including exchanges. Zebpay exited India shortly after the ban but returned earlier this year with new management.

The new OTC service is aimed at “traders, arbitrageurs, HNIs, long-term investors, asset managers, and institutions that want to buy/sell bitcoin in bulk,” Ranga further shared. “It will give them the opportunity to trade large quantities without being affected by the skewing of prices these quantities might entail on open order books on any platform.”

“Our OTC liquidity will come largely through active participants on the platform,” Ranga clarified. “We have existing long-term relationships with a few liquidity providers, through which we provide maximum liquidity with minimal or negative slippage.” The executive elaborated:

We plan on launching with the BTC/INR pair and making that our singular focus in the near future. However we will assess the market demand for other asset classes and accordingly consider launching USDT/INR and ETH/INR.

What do you think about Zebpay launching an OTC desk? Let us know in the comments section below.

The post ‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk appeared first on Bitcoin News.

Post source: ‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk

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