Schlagwort: crypto business

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Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange

The ETPs debut on the Frankfurt Stock Exchange on 14 February and add to products for Bitcoin, Ethereum, Uniswap, and Solana

Cardano and Polkadot exchange-traded products (ETPs) made a debut on the Frankfurt Stock Exchange on Monday after the platform DeFi Technologies was approved to list the derivative products.

According to a press release shared on Monday 14 February, the ADA and DOT-based products will be traded via Valour, a subsidiary of DeFi Technologies and pioneering platform for digital asset ETPs.

The new ETPs will track the prices of ADA and DOT, the two altcoins that currently occupy the seventh and tenth-largest cryptocurrencies by market cap slots at $33.7 billion and $20.4 billion.

Per the announcement, users will access the products via the titles Valour Cardano (ADA) EUR and Valour Polkadot (DOT) EUR.

“The new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Polkadot and Cardano networks as easily as buying shares from their bank or broker,” DeFi Technologies said in the statement.

Valour’s other products

The two add to the available portfolio offering of Valour Uniswap (UNI) and Solana (SOL). Other products in the portfolio are Bitcoin Zero and Valour Ethereum Zero, the platform’s first fully-fledged, zero-fee passive investment tracking the top two cryptocurrencies by market cap.

According to Valour CEO Tommy Fransson, the launch of the two products in the German market comes after success in the Scandinavian market. There’s increased interest for such products, he noted, adding that informed the expansion.

Valour Inc. is a Zug, Switzerland-based platform specializing in issuing exchange-listed financial products targeted for both retail and institutional investors. The company was established in 2019 targets offering the products to investors throughout Europe, according to its chief executive.

The post Cardano and Polkadot ETPs debut on the Frankfurt Stock Exchange appeared first on Coin Journal.

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ASX eyes more crypto-focused companies, CEO Dominic Stevens says

Bitcoin under an Australian flag, signifying ATX's move to more Crypto companies

The ASX chief notes that the Australian stock market’s goal is to see more investment opportunities in the crypto asset class space come to the exchange.

More businesses and companies with ties to the crypto ecosystem are likely to seek listing on the Australian Securities Exchange (ASX) as the sector continues to grow, says the ASX chief executive officer Dominic Stevens.

According to Stevens, cryptocurrencies are set to be a bigger part of the stock market’s future offerings.

As well as listing crypto-focused companies like Block (formerly Square) and exchange-traded funds (ETFs), the ASX is looking towards spot ETFs for major cryptocurrencies such as Bitcoin and Ethereum, the Sydney Morning Herald has reported.

“I think as the industry matures, you may see Square-like companies listing into the future, but we’re protective of the quality of the companies on our exchange, and it is a very fast-moving space,” he noted.

Stevens, who announced he’d be exiting the exchange later this year, however, believes that there’s a lot still to be done across the broader crypto space in relation to consumer protection.

While people have created massive wealth in the sector, issues of hacks and other aspects of security breaches continue to plague the crypto ecosystem, he noted.

Crypto companies offer diversification

The ASX CEO said that technology companies will make up a large part of the index, with an uptick in listings for crypto companies and SPACs.

The ASX, he added, is in a good position to and will likely benefit more from an influx of companies as the technology sector becomes an even larger part of the global stock market.

The move is part of the exchange’s diversification as it looks to rival markets in the US and Asia. According to him, it would be a mistake not to have focused on the growing crypto-related ecosystem when it booms in the next few years.

On January 20, Jack Dorsey’s Block made its debut on ASX after its merger with Afterpay. The listing had observers noting that the move had the potential to open floodgates for many more companies powered by blockchain technology.

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DBS Bank to launch a retail crypto trading desk by year’s end, CEO says

DBS Bank machines in one of its branches

The bank launched an institutional crypto trading desk in early 2021 after a regulatory nod from the Monetary Authority of Singapore (MAS).

DBS, a banking and financial services giant headquartered in Singapore, has plans for a crypto trading desk that will target retail investors, the bank’s chief executive officer Piyush Gupta said on Monday.

Gupta revealed the plans during an earnings call following the bank’s fourth-quarter report released on Monday.

According to an excerpt of the call cited by news publication CoinDesk, much more needs to be done before the trading desk rolls out. However, the DBS chief believes the financial services provider will be all systems go by the end of the year.

“We are starting the initial work to expand it beyond the current investor base,” Gupta said.

At the moment, the Singaporean banking giant is looking to expand its current infrastructure to offer the new service to customers beyond its existing base of accredited investors, the CEO added.

Most of the work on the trading desk, Gupta noted, relates to compliance and usability.

Aspects of the desk to do with user-friendliness and integration with crypto-assets should be done in the next several months, with targets for accessibility put around June of 2022.

DBS received a regulatory go-ahead from the Monetary Authority of Singapore (MAS) last year to offer crypto trading services and has emerged as one of the major banking institutions around the world looking to lean into crypto to satisfy customer demand.

Plans for a retail crypto trading desk comes after the bank’s successful unveiling of an institutional-based crypto trading desk.

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Anchor Protocol (ANC) Price jumped 9%: This is where to buy it

Anchor Protocol represented by a number of golden coins on a brown table

The live Anchor Protocol (ANC) price today is just below $2 with a 24-hour trading volume of almost $66 million. Anchor Protocol is up 9.37% in the last 24 hours.

Look no farther than this short guide for the details around the protocol, if it’s worth buying, and where to buy Anchor Protocol if you choose.

Top places to buy ANC now

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy ANC with KuCoin today

What is Anchor Protocol?

It is a lending and borrowing protocol on the Terra blockchain. It uses an over-collateralized architecture to allow users to lend, borrow and earn interest with their digital assets.

It enables fast withdrawals and pays depositors a low-volatility interest rate, which is amongst the highest among stablecoins at 19.5%. It makes deposits available to borrowers who pledge liquid-staked PoS assets as security.

It uses a liquidation process to ensure protection of depositors’ principal. Deposits are secure as long as any obligations secured by them are over-collateralized.

The Anchor liquidation protocol’s goal is to keep deposits safe by paying off debts that are in danger of failing to meet collateral requirements.

Should I buy ANC today?

Anchor Protocol can be profitable. Still, take the time to read at least several price predictions and take all investment advice with a grain of salt.

ANC price prediction

Gov Capital is bearish on Anchor. They predict its price will drop from $1.95 at the moment to $0.152 in one year. Wallet Investor also considers it a poor investment.

Price Prediction, on the other hand, is bullish. They forecast a minimum level of $3.72 in 2023 and of $5.36 in 2024. It can go up to $6.31 that year with the average trading price of $5.51. In 2025, the price of 1 ANC is expected to reach at least $7.66.

Anchor Protocol on social media

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MetisDAO (METIS) Price gained 14% here’s where to buy it

MetisDao (Metis) logo, Dao next to a coin both in gold

MetisDAO (Metis) bills itself as a protocol solving Ethereum’s six biggest challenges or the S6: speed, security, simplicity, storage, security, and scalability.

If you want to know the details around MetisDAO, if it would make a valuable investment, and the top places to buy it today, you’ve come to the right place.

Top places to buy MetisDAO now

As METIS is such a new asset, it’s yet to be listed on major exchanges. You can still purchase METIS using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy METIS right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for METIS

Now that you’re connected, you’ll be able to swap for 100s of coins including METIS.

What is MetisDAO?

The protocol is developing Metis Rollup, an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework to fully support the application and business migration from Web 2.0 to Web 3.0.

Its scalable protocol supports a wide range of use cases, including NFT platforms, decentralized Reddit-like social platforms, open-source developer communities, influencer communities, gaming communities, freelancer communities, DEX trading, and much more.

Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers and community leaders to build their applications and communities.

Metis’ goal is to make building dApps and DACs on its platform easy. Even total blockchain novices can make it happen in a matter of minutes.

Should I buy METIS today?

MetisDAO can be a lucrative investment, but you shouldn’t spend more on it than you can afford to lose because it can reverse its gains just as easily.

METIS price prediction

Digital Coin Price predicts MetisDAO will reach $170.63 by the end of the year and hit $190.44 in 2023. In 2024, 1 METIS will be worth $226.86 and $265 the following year.

In 2026, 1 METIS will trade for $244.59 and for $343 the next year. In 2028, it will go up all the way to $455. In 2029, it will change hands for $522.66.

MetisDAO on social media

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