Exchange

Tokocrypto Receives Full License in Indonesia

Tuesday. September 10 at 7:00 AM

1 min. read

Indonesian exchange Tokocrypto has obtained a complete license from the country's Commodity Futures Trading Regulatory Agency, also known as 'Bappebti.' On Sept. 9, Tokocrypto announced that it had been granted the Physical Crypto Asset Trader (PFAK) license by Bappebti. This license authorizes the company to function as a physical crypto asset trader and ensures compliance with the nation's trading regulations. Previously, exchanges in Indonesia operated under a 'prospective crypto exchange' classification, but in 2019, Tokocrypto was registered as a Prospective Physical Crypto Asset Trader (CPFAK). The company's CEO, Yudhono Rawis, stated that Tokocrypto is the third exchange to receive this license in Indonesia, with 35 prospective crypto exchanges still registered with the futures regulator. Tokocrypto aims to solidify its position as the leading trading platform in Indonesia by obtaining this license, as evidenced by its market share dominance in 2023 according to CoinGecko data.

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Embracing Innovation and Compliance: Fastex Crypto Exchange CEO's Approach

Tuesday. October 1 at 3:30 AM

Crypto exchange Fastex, led by CEO Vakhtang Abrahamyan, prioritizes customer needs and innovation while ensuring compliance. Abrahamyan shared insights at Token2049, emphasizing the importance of listening to customers and implementing their feedback. Fastex focuses on personalizing services and investing in unique features to stay competitive. The exchange operates in various verticals, including blockchain, Fasttoken (FTN), Fastex Wallet, VASP, and ftNFT marketplace. It also launched a Web3 debit card with Alchemy Pay for seamless crypto spending. Fastex is proactive in compliance, preparing for MiCA law and securing approval from UAE regulator VARA. The exchange is eyeing expansion into LATAM, recognizing the region's crypto-friendly environment. Fastex's strategic development includes cooperation with traditional financial institutions and a grant program to promote blockchain development.

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BestChange: The Ultimate Crypto Exchange Platform

Saturday. September 28 at 3:30 PM

Are you in search of a platform where you can efficiently trade cryptocurrencies at the best rates? With the rapid growth of the crypto market, numerous exchange platforms have emerged, each offering unique services. Selecting the right platform is crucial to avoid costly mistakes and ensure profitability. The ideal platform should prioritize security, user-friendly interfaces, a wide range of cryptocurrencies, and seamless transactions. BestChange stands out as a one-stop shop for crypto exchange, bringing together reputable exchangers worldwide. It allows users to trade almost all digital currencies, including popular ones like BTC and ETH. BestChange's unique features, such as a special service for buying cryptocurrencies and a directory of over 350 trusted exchangers, make it a preferred choice for traders and investors. The platform's calculator and statistics section further enhance the trading experience, ensuring users get the best exchange rates. With BestChange, buying and selling cryptocurrencies is safe, fast, and convenient. Explore the world of crypto trading with BestChange today!

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The Future of Solana ETF Predictions

Thursday. September 19 at 12:30 PM

Polymarket's latest predictions for a Solana exchange-traded fund (ETF) have plummeted to a mere 3%, sparking mixed reactions among experts. While regulatory changes are deemed crucial, opinions vary on the optimal form of these changes. Despite initial skepticism, some see potential in a Solana ETF due to its unique advantages. The approval of Bitcoin and Ethereum ETFs by the SEC has raised hopes for Solana's candidacy as the third spot crypto ETF. While some, like Nate Geraci, are skeptical about the near-term prospects, others like Matt Hougan remain optimistic about the future. Hougan believes that regulatory clarity and data-driven efforts will pave the way for Solana ETF success, regardless of the upcoming election. Bitwise, in particular, is actively working towards this goal. As the industry navigates through uncertainties, the future of Solana ETFs remains a topic of interest and debate.

Exchange

Analysis of Token Performance Across Exchanges

Thursday. September 12 at 4:00 PM

A recent study by Simplicity Group Research has revealed that Bybit emerges as the top competitor for Day 1 price surges among various cryptocurrency exchanges. While Bybit's Day 1 performance offers lucrative opportunities for short-term traders, the report cautions about the subsequent volatility. Bybit recorded the highest Day 1 average token listing price surge of 2738%, surpassing competitors like Binance and Coinbase. However, the study also indicates a significant drop in Bybit's token price after the initial surge. The analysis emphasizes the impact of liquidity on early price fluctuations but suggests that it becomes less relevant after the second day. The data underscores the unpredictable nature of exchange performance, challenging the notion that major exchanges always lead to substantial price increases post-token listing. Overall, the study sheds light on the complex dynamics of token performance across exchanges.

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