Digital asset exchange Financial News

Virtual Digital Assets (VDAs), driven by the burgeoning acceptance of blockchain technology and its transformative potential. According to Chainalysis' 2023 crypto adoption index, India stands at the forefront of grassroots crypto adoption worldwide. While investors have various options for exploring VDA investments, centralized exchanges remain the most popular choice. The prevalence of centralized exchanges stems from their user-friendliness and simplified trading processes. However, investors must recognize the importance of selecting a compliant exchange to ensure a secure and protected investment environment. Understanding Compliant Exchanges and Key Considerations What constitutes a compliant exchange? What are the crucial factors to consider when selecting a VDA exchange?

South Korea’s Busan city is officially seeking operators for its forthcoming Busan Digital Asset Exchange.

The Malaysian financial regulator – Securities Commission Malaysia (SC) – has granted in-principal approval to cryptocurrency exchange and digital broker Hata.

FTX.US, the U.S. arm of global crypto exchange FTX, has emerged as the highest and best bidder to buy the assets of crypto lender Voyager Digital out of bankruptcy. 

It is the first and only digital securities exchange that has won approval from the FCA with permissions covering trading, custody and brokerage and will launch later this year.Stephen Bird, CEO, abrdn, says: “Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."Abrdn plans to use Archax as a route through which investors can access new investment opportunities through digital securities, connect to existing offerings in a new way through tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new technologies like blockchain.“With Archax, we will have a meaningful footprint in this fast-developing market - which is likely to evolve in a multitude of different ways that are relevant to our core businesses," says Bird.Despite the onset of a crypto winter, asset managers are looking to get in on the sector.

It is the first and only digital securities exchange that has won approval from the FCA with permissions covering trading, custody and brokerage and will launch later this year.Stephen Bird, CEO, abrdn, says: “Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the potential to offer greater transparency, greater speed and less trading friction by using these nascent digital technologies."Abrdn plans to use Archax as a route through which investors can access new investment opportunities through digital securities, connect to existing offerings in a new way through tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new technologies like blockchain.“With Archax, we will have a meaningful footprint in this fast-developing market - which is likely to evolve in a multitude of different ways that are relevant to our core businesses," says Bird.Despite the onset of a crypto winter, asset managers are looking to get in on the sector.

SINGAPORE & HONG KONG – JUNE 28, 2022 Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announces that the company has entered a joint strategic partnership and merger and acquisition with Technicorum Holdings (www.technicorum.com), diving further into the $163 billion annual global blockchain market. The merger company, formerly known as Gravitas International Associates Pte Ltd, a Singapore regulated Payment Services Act exempt company, will be newly renamed as HKD.com (Singapore) Pte Ltd, which will allow both groups to leverage each other's strengths and networks to get more deeply entrenched in the blockchain industry. With regulated payment services globally, a leading centralised exchange app and platform, a regulated token launchpad, expertise from ICO’s to IEO’s, IDO’s, IGO’s, DeFi and NFT’s, as well as recently GameFi, SocialFi, and the Metaverse, this strategic partnership is a great enabler for both HKD.com as well as Technicorum.

A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there. In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing.

Under the deal, SCB Securities will become Bitkub’s major shareholder and will be responsible for engaging closely with the company as a business partner in building a business and digital asset ecosystem and exchange.