Coinbase, one of the most popular platforms in the United States, missed out on the number one spot in a ranking of crypto exchanges due to a 2019 Bitcoin (BTC) price glitch. The major U.S. crypto exchange and wallet service did not get to the top of the latest CryptoCompare’s crypto Exchange Benchmark rankings because its institutional trading arm Coinbase Pro experienced a major Bitcoin price flash crash in October 2019. CryptoCompare confirmed to Cointelegraph that the glitch was the primary reason behind the five-point drop for Coinbase in the “Negative Reports” section of rankings. “Coinbase would be top without …

Cryptocurrency analytics firm Messari has added a new index for 10 cryptocurrency exchanges, the company announced in a blog post on March 26. Messari launched a new product dubbed “Real 10 Volumes” on its OnChainFX dashboard to limit its default volume calculations to the chosen exchanges. The “Real 10” trading platforms include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex. In the post, Messari said that the aforementioned exchanges reported “significant and legitimate trading volumes via their APIs [application programming interface].” The company further revealed that in the coming months it will add other exchanges, adding …

Formerly Bitcoin (BTC)-only exchange itBit has received approval from the New York State Department of Financial Services (NYDFS) to add trading in four new cryptocurrencies, according to a press release shared with Cointelegraph June 14. In addition to BTC trading, the platform will now be offering trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Stellar (XLM). ItBit is the 31st largest crypto exchange in the world by 24-hour trading volume, according to data from CoinMarketCap, seeing about $54.2 mln in trades on the day to press time. The newly added crypto assets will have custody, …

Regulators from the US Commodity Futures Trading Commission (CFTC) reportedly demanded extensive trading data from several cryptocurrency exchanges, people familiar with the matter told the Wall Street Journal June 8. Regulators requested data in order to investigate whether manipulation might be compromising prices in digital currency markets. The probe followed the launch of Bitcoin (BTC) futures by CME Group in December last year. CME forms its Bitcoin (BTC) futures prices based on data from four crypto exchanges; Bitstamp, Coinbase, itBit and Kraken, where manipulative trading could reportedly have distorted the value of BTC futures. Investigators are going after trading schemes …

Paxos, a Blockchain company formerly known as ItBit, announced its strategic partnership with Euroclear to deploy a Blockchain settlement service for gold markets. London Bullion Market integration Euroclear, the world’s largest Belgium-based asset and securities settlement cooperative founded by J.P Morgan & Co., attended the SIBOS Annual Conference in Geneva, Switzerland with Paxos to announce their joint project and explain the importance of a secure and efficient infrastructure in unsystematic gold markets. The Paxos-Euroclear gold market-focused Blockchain settlement solution will be the first of its kind and most likely the only Blockchain settlement platform to be integrated by a major …

The latest version of California's “BitLicense” adds new reporting requirements to licensed businesses, Coinbase expands its services to Singapore, and more top stories for September 3. Proposed California Bitcoin Bill Adds New Reporting Requirements The latest version of the AB-1326 bill, dubbed ‘California's BitLicense,’ includes a passage that would add new reporting requirements to licensed businesses beyond existing annual and quarterly financial audits. The bill reads: “Each licensee shall file an annual report with the commissioner, on or before the 15th day of March, providing the relevant information that the commissioner reasonably requires concerning the business and operations conducted by …

Singapore and New York based bitcoin exchange itBit has introduced its itBit Global OTC Agency Trading Desk, a service that specializes in facilitating over-the-counter (OTC) transactions. OTC transactions are bulk trades for bitcoin that are made outside of an exchange's regular order book. It is an often used form of trading when large amounts of bitcoin are involved, in order to prevent bitcoin's exchange rate from either slipping or rising due to one large volume buy or sell. Bobby Cho, Director of Trading at itBit, said: “Up until now, the OTC bitcoin trading market has been operating in parallel to …

Call Levels, a Singaporean startup providing real-time financial monitoring and notification service on the mobile cloud, has added bitcoin prices from itBit following "overwhelming request from users." "We’ve had numerous requests from people who are still holding on to bitcoins," Cynthia Siantar, co-founder of Call Levels, said. "The moment they saw Call Levels' offering for its existing users who typically trade stocks, forex or futures, they wanted the same for bitcoin." Call Levels, which refers to an industry term that means "call me when the price hits a certain price," currently covers more than 5,000 assets, including US equities, Forex …

Having filed its registration application in New York, ItBit is looking to become the first regulated Bitcoin bank in America. ItBit, a digital currency exchange operationally based in Singapore and with a head office in New York, looks to become the first officially regulated Bitcoin bank as they look to expand their service offering. The move would allow the company to legitimately take on a more traditional banking service role while meeting relevant legal requirements. According to Reuters, people privy to the matter expect that the application could be approved “in the next couple weeks.” The exchange appears ready to …

UK-based BTC.sx, the world’s first Bitcoin-only trading platform, has announced its partnership and integration with itBit exchange to significantly increase its presence in Asia. itBit, which has locations in Singapore and New York, will initially work to introduce its BTC-USD currency pair as well as additional liquidity to BTC.sx. Further partnership activities and enhancements are planned following the successful completion of the first phase. “We plan on releasing a more consumer friendly mass market product to accompany our current product,” BTC.sx COO George Samman told Cointelegraph via email. “We plan to stay unique by offering products we believe will benefit …