1h ago • cryptodaily
SushiSwap Opines On U.S. SEC Crypto Crackdown $SUSHI
Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns, including actions against the decentralized exchange (DEX) he manages, have intensified.Grey spoke about his feelings towards U.S. regulators and the industry during a recent ask-me-anything call on Discord.
Grey shares: "It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now. Look at what's going on on the regulatory side of things. Like this morning, Senator [Elizabeth] Warren [was] stating she's putting together an anti-crypto army to regulate the space into obedience."
Grey's comments come after he disclosed that the U.S. Securities and Exchange Commission (SEC) served him and Sushi DAO with a subpoena, signaling the potential for a prolonged and costly legal battle with regulators seeking stricter oversight over crypto firms.
Unlike centralized exchanges such as Coinbase or Binance, Sushi Swap operates via smart contracts on the Ethereum blockchain as a DEX, managed day-to-day by Grey and governed by token holders who vote on proposals. Anticipating the legal battle, Grey recently proposed allocating $4 million of the protocol's treasury funds to a "Sushi DAO Legal Defense Fund." The fund, nearly equal to the DAO's annual operating expenses, has faced significant backlash on community Discord channels and became a focal point during the call.
Although attendees of the community call requested further information about the subpoena, Grey declined to provide more details, citing legal advice. Despite the controversy surrounding the legal defense fund, Grey's responses appeared to satisfy the call participants, who remained silent on the matter.
"I've been advised by legal not to talk about subpoena in detail," Grey said. "Just to say, 'Hey, you know, we've received one [and] we're cooperating with it,' and kind of leave it at that for now."
However, the legal defense fund proposal has sparked debate on the DAO's governance proposal forum, with some community members demanding transparency about the subpoena and others calling for Grey's resignation. Roughly a third of poll respondents in the forum have voted against the fund so far.
This controversy emerges as Sushi Swap grapples with ongoing financial challenges. In December 2022, the protocol reduced its annual runway requirement from $9 million to $5 million, and Grey revealed that Sushi Swap had less than 18 months of runway left in its treasury. Grey acknowledged these financial issues during the call, stating, "All that we're doing now is just like to stem the bleeding that kind of has been occurring."
The recent SEC investigations have taken its toll on the protocol's native token, which has dropped 12% since the announcement of the subpoena. As regulatory scrutiny continues to intensify, the crypto community will undoubtedly keep a close watch on the unfolding situation and its potential impact on the industry at large.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2h ago • cryptodaily
“His Excellency” No More: Justin Sun Loses Diplomatic Status $TRO
The founder of the Tron blockchain, Justin Sun, is no longer a diplomat for Grenada. Grenada had recalled all diplomats following the June 2022 election in which the part that granted the title was removed from power.
No Longer A Diplomat For Grenada
According to reports coming from the Grenada Broadcasting Network, Sun’s removal as a diplomat came after the New National Party, which was the part that gave Sun the status, lost the election to the National Democratic Congress. The report stated that all ambassadors assigned by the previous government were recalled during the early months of the new administration. The report from the Grenada Broadcasting Network comes after weeks of intense speculation in the press and social media about Sun losing his credentials. However, Sun has not yet publicly addressed the speculation.
Sun Carries On
Justin Sun was appointed as the ambassador to the World Trade Organization by the government of Grenada in 2021. Since being appointed, Sun has gone out of his way to flout his credentials, styling himself as “His Excellency” on his social media accounts and during media interviews. Sun had been tweeting from his diplomatic Twitter account (@HEjustinsun) as recently as October. He has, so far, given no indication of losing his diplomatic status and still maintains the H.E. on his personal Twitter account.
With Sun’s appointment as Grenada’s ambassador to the WTO, the government of Grenada stated that it expected him to help promote trade, development opportunities, and investment in the country. He was also tasked with supporting the development of infrastructure, human resources, and information and communication technology for the country and conduct himself in a way that enhances Grenada’s image. Neither Sun nor the government of Grenada have commented on the matter so far.
SEC Charges Sun
Soon after losing his diplomatic status, the Tron founder found himself in the crosshairs of the Securities and Exchange Commission (SEC). The SEC charged Sun with fraud and also accused eight celebrities, including rapper Soulja Boy and actress Lindsay Lohan, of illegally promoting his crypto assets. Sun, along with his companies, the BitTorrent Foundation, Tron Foundation, and Rainberry, were accused of scheming to distribute billions of Tronix (TRX) and BitTorrent (BTT) tokens and artificially inflate their trading volume since 2017. In a statement, the SEC Chair, Gary Gensler stated,
“As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”
The Securities and Exchange Commission stated that some of those accused with Sun have agreed to pay a total of $400,000 in disgorgement, interest, and penalties to settle charges leveled against them.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4h ago • cryptodaily
De Dollarisation - Crypto was created for this
Mike Novogratz of Galaxy Digital has commented that crypto was created by Satoshi Nakamoto precisely for the kind of over-printing and debasement of currency that the world is experiencing right now.
BRICS nations are multiplying
De-dollarisation is happening. The over-financialisation that has taken place in the West over the last few decades is coming home to roost. The BRICS nations are already trading in the Chinese Yuan, and applications to sign up to this bloc are multiplying rapidly.
United Arab Emirates, Egypt, Algeria, Argentina, Mexico and Nigeria are reportedly looking to join this new global cooperation group, with Saudi Arabia already on the brink of being accepted, putting in jeopardy the long-standing agreement with the U.S. to exchange oil for dollars.
This is crypto’s moment
Mike Novogratz, the billionaire entrepreneur and CEO of Galaxy Digital, made his comments during his company’s Q4 2022 earnings call. He said that “crypto prices are likely to go up over the coming months” at the same time that de-dollarisation is just getting started. He stated:
“Let’s start with the good… This is crypto’s moment. Crypto was, in lots of ways, created for this point, right? Satoshi Yakamoto way back in 2009 worried about the breakdown of the legacy financial system. He worried about populism infecting our politics and a constant printing of fiat currencies and a debasement of money, and created Bitcoin.”
Novogratz continues with his view on how the politics of the Biden administration, together with the banks, are trying to besmirch crypto. He noted that whatever Biden or Jamie Dimon say, “they’re just wrong, and the world knows that.”
Gold and Bitcoin will thrive
The billionaire CEO says that macro hedge funds are paying close attention to the developments with banks and the situation with Russia, Ukraine, and the roles that the U.S. and China are playing.
He believes that the financial and geo-political environment is one in which sound money such as gold and bitcoin will thrive. He commented:
“This war between China and the U.S. with Russia as a proxy is going to push the gold narrative, and the digital version of that is Bitcoin, and so I think from a macro investor perspective, it’s very clear.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6h ago • cryptodaily
BetFury Launches iGaming Event With $1M Prize Pool
Germany, Frankfurt, 31st March, 2023, ChainwireBetFury has announced Fury Games Legacy, a 21-day adventure for intrepid players. From March 29, users of the online casino can play games and join exciting activities with magical crypto rewards.Participants in Fury Games Legacy have an opportunity to share in the $1 million prize pool and try to win a Lamborghini Huracan.In addition, beginners can enjoy a profitable Welcome Pack with free spins and deposit bonuses.Join the event with up to 1,000 free spins and $3,500 in Welcome Pack available.Fury Games Legacy will last for three weeks. During this time, players can not only succeed by winning the grandiose Wizarding Battle but also experience Secret Chambers with fantastic bonuses and other crypto rewards every day.Throughout the event, there will be a magical competition known as the Wizarding Battle for $1M. The player who takes first place in the Wizarding Battle wins a fast and luxurious Lamborghini Huracan. To become a winner, players need to earn points. The rules are simple: play various games on BetFury and move up the leaderboard. More points equate to more chances to win.BetFury is also offering Secret Chambers, a calendar with special bonuses and activities that open every day. They can contain crypto bonuses, free spins, and many other surprises. The first Chamber has already opened – it's a Twitter giveaway. Players should participate and follow the calendar to catch the next wave of bonuses.About BetFuryBetFury is a crypto casino with unique opportunities and over 8,000 games supporting over 50 cryptocurrencies. The platform has its native utility BFG token, which can be used both for playing and trading on top crypto exchanges. Besides, BetFury provides special mining and staking features to earn more BFG or get paid in popular currencies like BTC or ETH.Follow BetFury's social media and collect bonuses during the eventTwitter |Telegram | VIP Club | Discord | YouTube | TikTok | BitcoinTalkContactsPR [email protected] ManagerMar[email protected]
19h ago • cryptodaily
Litecoin (LTC) and Shiba Inu (SHIB) Price Prediction: Orbeon Protocol (ORBN) Set For a 6000% Price Increase In 2023
The cryptocurrency market is one of the most exciting and dynamic investment opportunities of our time. It's fast-paced, unpredictable and full of potential. In the last week alone, Litecoin (LTC) has surprised many crypto natives with a remarkable performance week after week. Currently priced at about $90, market watchers predict that LTC could break the $100 mark in days. Shiba Inu (SHIB) has had a rough start to the year, with more predictions pointing to an ongoing bear trend for the once-popular meme coin. However, Orbeon Protocol (ORBN), a newcomer in the crypto space, is setting up for a journey to the moon, with experts predicting a 6000% price increase by the end of the year.
>>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<<
Orbeon Protocol (ORBN)
The Orbeon Protocol (ORBN) native token, ORBN, has seen an impressive 2713% gain since the start of its presale, with market analysts predicting a potential 6000% return by the end of the presale.
Orbeon Protocol (ORBN) is a platform that enables users to invest in nascent businesses through fractional means, allowing individuals to invest in their preferred brands for as little as $1. The Orbeon Protocol (ORBN) platform creates and distributes NFTs based on rewards and equity, which can be fractionated accordingly.
All investment terms are written into the smart contract of the NFT, ensuring transparency for both businesses and users of Orbeon Protocol (ORBN). Also, investors have been protected from rug-pulls thanks to a security mechanism that refunds investors in case the startup fails to fulfill its goals.
In addition to the investment platform, Orbeon Protocol (ORBN) also offers a wallet that users can use to store their NFTs and an exchange that can be used to swap the digital assets listed on the exchange.
With an 2713% price gain so far, ORBN has outperformed multiple coins in the market, including top cryptocurrencies, since its launch, and Orbeon Protocol (ORBN) has continued to gain momentum. The success of the Orbeon Protocol (ORBN) presale highlights the potential of the platform and its ability to offer a new, innovative way to invest in nascent businesses.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
20h ago • cryptodaily
Gemini Planning Overseas Crypto Derivatives Service
The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse.
Gemini To Offer Risky Perpetual Futures
Gemini, the brainchild of the Winklevoss twins, could be the next big derivatives service provider. According to reports from sources close to the matter, the crypto exchange has been reaching out to trading firms to serve as market makers to launch an overseas derivatives exchange. It is interesting to note that the platform will be specifically offering perpetual futures. This type of derivative does not have an expiry date and thus can be traded with significant leverage. Therefore, it is considered a highly risky product and banned for retail trading in the United States.
Will SEC Disapprove?
It will be interesting to note how the operation pans out, as the company has already been in hot water with the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities. The SEC is not going to be too happy about the company’s perpetual futures offering. Even though the matter would be outside its jurisdiction, it could irk the regulatory body enough to make matters difficult for Gemini. In January 2023, the company had to lay off 10% of its workforce after being caught up in the Genesis bankruptcy.
Regulatory Trouble For Derivatives Providers
Furthermore, other regulatory bodies are also toughening up on crypto firms, especially those offering crypto derivatives services. For example, the Commodity Futures Trading Commission (CFTC) has recently sued the Binance crypto exchange on charges of violating U.S. derivatives law. Binance Australia also had to shut down the crypto derivatives accounts of some wholesale investors who did not fit the criteria. (The exchange does not allow retail investors to participate in crypto derivatives trading on its platform.)
Gemini’s Bid For Overseas
With FTX gone and now Binance embroiled in legal troubles, there is a significant market share up for grabs in international derivatives trading. In fact, even Coinbase had indicated plans to grab a chunk of this market share by launching an overseas platform to offer perpetual futures derivatives. However, as the crypto trading platform is likely going to face enforcement action from the SEC, as indicated by the Wells notice, Gemini could beat Coinbase to the overseas derivatives race. As one of the co-founders of Gemini, Cameron Winklevoss believes that the next bull run would come from Asia, the company’s international expansion makes even more sense.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h ago • cryptodaily
More Funds For Crypto Crackdown: SEC Chair
The Chairperson of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is demanding more funds to support his regulatory crusade against cryptocurrencies.
Gensler Wants More Money
On a March 29 testimony to the House Financial Services Subcommittee for SEC’s fiscal year 2024, chief Gary Gensler demanded more financial support to keep up with the technological advances of the crypto sector. He has demanded that the regulatory body needs a higher functioning budget to crack down effectively on bad actors in the country.He said,
“Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least in the crypto space. Addressing this requires new tools, expertise, and resources.”
The budget amount of $2.4 billion was first proposed by President Joe Biden for the fiscal year 2024.
Agency Spread Thin, Needs Funds: Gensler
Gensler claimed that the SEC funds are already spread thin, and the agency requires funding in the amount of $2.4 billion to manage the increasing complexity in the capital markets as introduced by crypto companies. Giving an account of the agency’s functioning, Gensler reported that the Division of Enforcement and Examinations, which consists of a major chunk of the agency’s staff, had received over 35,000 separate tips, complaints, and referrals from whistleblowers in the crypto industry. On top of that, he reported that the Enforcement Division cracked the whip on 750 different cases last year by enforcing actions that brought in $6.4 billion in penalties and fines. Of these 750, thirty actions were related to the crypto industry and brought in $242 million of penalties, indicating a 36% increase over the 22 actions in 2021.
SEC’s Crypto Crusade
However, his statements at the hearing indicate that, as always, Gensler has approached the fund's appeal by lashing out at the crypto industry and portraying his own agency as the lone “cop on the beat” working against the big bad. His statements indicate that it is an unruly space full of bad actors whose sole aim is to trick funds out of the pockets of honest American citizens.
At the budget hearing, Gensler said,
“Further, we’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.”
The SEC has been accused of being extra-judicial when it comes to cryptocurrency. The regulatory body is quite insistent on getting cryptocurrencies declared as securities so that they fall under the SEC’s purview. The agency’s severe action against certain crypto companies without any congressional oversight has drawn the interest of the U.S. House Financial Services Committee, which has recently summoned Gensler to a subcommittee hearing in April.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h ago • cryptodaily
Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability
Singapore, Singapore, 30th March, 2023, ChainwireCore is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity.With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionize the blockchain space.About CoreDAOCoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from Bitcoin and Ethereum, but its ambition travels beyond those blockchain titans.ContactPR in chargeAntonio WuMEXC [email protected]
21h ago • cryptodaily
Klaytn's Pursuit of the Mass Adoption Trifecta: Why Sustainability, Verifiability, and Collectiveness Matter
As blockchain technology continues to amass hype and interest, several problems still hinder the growth of this new innovation.
According to a 2022 CoinGecko publication, over 40% of (3,322 out of the 8,000) cryptocurrencies listed in 2021 are dead. Most blockchain-based projects struggle to create and maintain a transparent token supply/demand structure. And coupled with the cost of maintenance and increasing energy consumption levels, these projects have found environmental and physical sustainability to be almost impossible.
Another problem of mass adoption is trust. The recent FTX debacle and preceding events, the Axie Infinity failure, and the Terra/LUNA crash have dispelled trust in blockchain, a system purported to be secure and transparent.
While several “community-powered” projects have launched, a few live up to the claim. The current DAO and governance approach incorporated by most projects means wealthier users can buy more tokens to change voting outcomes, eliminating the concept of decentralization.
These problems are at the forefront of blockchain mass adoption, making it difficult to achieve. Klaytn, an open-source public blockchain for builders, workers, and players in the metaverse, has identified the ultimate trifecta for global blockchain adoption and is working to achieve it with sustainability, verifiability, and collectiveness.
Klaytn Foundation’s Vision for Mass Adoption
As part of its long-term vision to drive global adoption, Klaytn introduces a thoroughly crafted 2023 vision map for achieving the mass adoption trifecta.
Sustainability
The two profound components of a project’s sustainability are—a smart tokenomicsstructure capable of creating inherent value for the ecosystem and a well-grounded tech layer capable of supporting such an ecosystem. In line with these components, Klaytn integrates specific goals.
Klaytn’s sound tokenomics and deflationary token model aspirations are stand-out features of this project. For sustainability, this public blockchain platform will continue to reschedule token releases to maintain relevance and initiate realistic targets for the right amount of tokens needed to make $KLAY a genuinely deflationary asset. It will also support activities that will guarantee mid-to-long-term token demand and supply.
Taking into account the cost of running a blockchain-based ecosystem, Klaytnproposes an efficient specification for computer instances and data storage. This singular action will help the team manage nodes dexterously while reducing costs in the long run. Additionally, Klaytn will introduce new concepts such as permissionless network configurations, ecosystem treasury optimization, and token circulation monitoring that will effectively oversee the supply of new tokens based on specific criteria gathered from incumbent market conditions.
Klaytn will also be on the lookout for infrastructures and services where ownership of $KLAY will guarantee holders access to these features, increasing the utility and transactional value of the token. Through exchange listings and on-chain service offerings, Klaytn hopes to attract more users.
To increase the long-term sustainability of $KLAY, Klaytn will regularly burn a percentage of tokens—over 75 million $KLAY has been burned to date, and more are expected in the coming months. The Klaytn team looks to initially burn 5.28 billion (approximately 48% of the current total $KLAY supply) tokens as it seeks to keep $KLAY inherently valuable.
Verifiability
Trustlessness has proven to be a huge sticking point in the blockchain space. Ensuring verifiability in all situations is essential for improving the transparency of all components related to the operation of a blockchain network.
In the spirit of promoting transparency and inclusivity in its governance processes, Klaytn intends to conduct frequent evaluations of community sentiment and develop a robust structure to facilitate efficient decision-making. KIP-81 will be integrated into Klaytn's mainnet, enabling users to conveniently view voting agendas, and monitor voting statuses and results live via the Klaytn Square governance portal. The Klaytn team also looks to open up access to its Governance Council, creating a process for teams interested in becoming GC members to apply directly.
Collectiveness
A robust ecosystem of developers and users is essential to the success of any blockchain network. This community serves as the backbone of the technology, providing the support, innovation, and governance necessary to drive adoption and ensure the security and integrity of the network. Besides enabling seamless onboarding of developers, Klaytn is integrating new measures to encourage active participation and community involvement.
With the aim of providing a hassle-free development environment, Klaytn is set to unveil a suite of ecosystem service tools, including a trustless bridge, developer SDKs that seamlessly integrate with multiple services, and a metaverse package.
As a public blockchain for all, Klaytn promises to be a community-powered project where users and developers are essential members. With that vision in mind, Klaytnwill hold regular developer meet-ups to provide direct communication and feedback channels with the Klaytn core development team. As it seeks to build on the spirit of collectivism, Klaytn also looks to establish “Proof of Hodl” communication touchpoints on its governance portal Klaytn Square, providing participants who contribute directly to the Klaytn ecosystem with opportunities to participate in governance and more.
Through its meticulously-crafted vision map, Klaytn aims to achieve the trifecta of mass adoption —sustainability, verifiability, and collectiveness—taking a giant step towards driving global adoption and rekindling users’ trust in blockchain projects.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
23h ago • cryptodaily
Up and Coming Crypto Exchanges You Need to Know About in 2023
It is no secret that exchanges have continued to play a vital role in the growth of the burgeoning cryptocurrency ecosystem, providing enthusiasts with a platform for trading digital assets seamlessly. They serve as intermediaries connecting buyers and sellers, enabling them to exchange cryptocurrencies for other digital assets or fiat currencies.
One of the main benefits of traditional crypto exchanges is their simplicity and user-friendly interfaces. These platforms typically offer a more straightforward and convenient experience compared to decentralized alternatives, making it easier for beginners to enter the world of cryptocurrencies.
Moreover, they offer a high level of liquidity, something that is essential for efficient trading, as it allows users to quickly buy or sell assets without causing significant price fluctuations.
Lastly, traditional crypto exchanges often offer higher customer support and security. Since these platforms are managed by a central authority, they can invest in dedicated customer service teams that assist users with any issues or questions they may encounter.
In this article, we will list out some of the best up-and-coming cryptocurrency exchanges. So without any further ado, let’s jump straight into the heart of the matter.
Public
One of the fastest growing, most trustworthy $0 commission platforms in the market today, Public offers a comprehensive investment platform that empowers individuals to diversify their portfolios via a range of assets, including stocks, ETFs, treasuries, cryptocurrencies, artwork, and collectibles. On a technical note, the platform offers tailored company metrics, up-to-the-minute market analyses, live shows on market trends, and much more.
Public is a fully regulated broker-dealer but provides protection of up to $500,000 for any securities contained in its users' accounts. Additionally, the platform implements bank-grade security measures such as AES 128-bit encryption, TLS for secure data transmission, and default two-factor authentication (for an additional layer of protection).
Since its inception in 2019, Public has attracted over $300 million in investments. The platform's esteemed investors include Accel, Tiger Global, Sean 'Diddy' Combs, Will Smith (Dreamers VC), Maria Sharapova, Tony Hawk, The Chainsmokers' Mantis VC, and Shari Redstone's Advancit Capital.
MaskEX
One of the fastest-growing exchanges in the market today, MaskEX is a trading platform that focuses on delivering a secure and user-friendly trading experience. Featuring an intuitive interface, it caters to both novice and experienced traders, offering a wide range of cryptocurrencies for portfolio diversification.
Moreover, it comes with advanced trading tools, including real-time charting features, various order types, and in-depth market data, enabling users to make informed decisions and execute their strategies effectively. Security is a top priority for MaskEX, as evidenced by the fact that the platform features multi-tiered security protocols to protect users' assets and personal information. These measures include utilizing cold storage for a majority of its funds, distributed storage systems, multi-signature technology, two-factor authentication (2FA), and encrypted SSL connections.
Recently, MaskEX launched several promotional campaigns aimed at enhancing its clients' profit potential. One such initiative is the "Purchase and Earn" campaign for P2P traders, where users who purchase USDT on MaskEX P2P with supported fiat currencies during the campaign period can participate in a $500 prize pool. Another campaign revolves around the MaskEX Virtual Card, where users who make purchases using the card during the promotional period stand a chance to share in a $1,000 prize pool. Both campaigns will run from April 1st to April 30th.
Pionex
Pionex.US stands out as the top choice for automated trading in the cryptocurrency sphere due to its integrated auto-trading bots, competitive fee structure, and user-friendly interface. Launched in 2019, the Singapore-based Pionex has gained significant traction online by offering an affordable fee schedule along with a suite of 16 built-in trading bots. The US counterpart, Pionex.US, provides spot trading and features 11 available bots, making it the most comprehensive automated solution for cryptocurrency trading.
The platform boasts a range of bots with diverse functionalities, such as purchasing at a dollar-cost average for a single sell-off, automatically creating and rebalancing an index, and implementing various strategies for buying low and selling high. Furthermore, Pionex.US maintains an attractive maker/taker fee structure for spot trades, similar to its global counterpart. Depending on the crypto pairing, fees range from 0.05% to 0% and apply to both manual and bot-assisted trades.
While the platform excels in offering manual and automated trading options, tutorial resources, and customer support, it does have some limitations. For example, it is unavailable in certain states across the US, lacks some key fiat withdrawal options, and has insufficient bot tutorials/explanations on the company website.
PrimeXBT
PrimeXBT is another promising cryptocurrency trading platform that offers a wide array of financial instruments and advanced trading tools to traders from over 150 countries. One of its standout features is its extensive product offering, which enables users to trade cryptocurrencies, forex, commodities, and stock indices, all from a single account.
Additionally, PrimeXBT offers a highly competitive fee structure and employs advanced trading technology to ensure a seamless experience for its clients. The platform supports leveraged trading, offering up to 100x leverage for cryptocurrencies and even higher leverage for other asset classes, enabling traders to capitalize on market opportunities with minimal initial capital. Additionally, the platform delivers an ultra-fast order execution rate (< 7.12 ms on average) and an industry-leading trade engine with real-time risk management. Lastly, all transactions taking place within the PrimeXBT ecosystem are secured using the Amazon AWS framework.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.