Brazilian Financial Services Behemoth XP Investimentos to Shut Down Cryptocurrency Arm SCENEXTAGE
SCENEXTAGE, the cryptocurrency arm of Brazilian financial services company XP Investimentos, will be closing down its operations and users will no longer be able to purchase digital assets listed on the platform. The reasons behind the shutdown are unclear, but the company has stated that it is an internal decision and not related to any risks concerning their clients. Users will still be able to sell their assets free of fees and brokerage charges until December 15, after which any remaining assets will be sold off by XTAGE and the proceeds deposited in a corresponding digital account at Banco XP. Despite the closure of XTAGE, XP Investimentos will continue to offer a range of crypto products for its customers interested in maintaining exposure to the digital asset space.
Binance Onboards New Fiat Service Providers for Euro Payments
Binance has announced new fiat service providers for euro payments, deposits and withdrawals in Europe. The company has signed agreements with regulated and authorized partners to provide services including EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances. This announcement follows the halt of euro services by Paysafe, Binance's former service provider, in September. The new service providers were not named in the announcement and Binance spokespersons have not yet commented.
Binance Will List ATOM/FDUSD, AVAX/FDUSD and Other Trading Pairs on October 19
According to the official announcement, Binance will launch trading pairs for ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD on October 19, 2023 at 16:00 (GMT+8).
In addition, Binance will open spot grid and spot DCA (dollar-cost averaging) trading robot services for NTRN/USDT and PENDLE/USDT trading pairs on October 19, 2023 at 16:00 (GMT+8).
Binance Will Remove Some Margin Trading Pairs Such As AUCTION/BUSD and ALGO/BUSD
October 18th, Binance Leveraged Tokens will remove AUCTION/BUSD, ALGO/BUSD, APT/BUSD, ATOM/BUSD, AXS/BUSD, COMP/BUSD, CRV/BUSD, DODO/BUSD, DYDX/BUSD, EGLD/BUSD, ETC/BUSD, EOS/BUSD, FLOW/BUSD, FTM/BUSD, GLMR/BUSD, GMT/BUSD, HBAR/BUSD, KEY/BUSD, LDO/BUSD, LEVER/BUSD, LINA/BUSD, MAGIC/BUSD, MANA/BUSD, MASK/BUSD, NEAR/BUSD, ONE/BUSD, RNDR/BUSD, TRX/BUSD, UNI/BUSD, and VET/BUSD full position and isolated position trading pairs on October 26th, 2023 at 14:00 (GMT+8).
A Newly Created Wallet Received 6.34 Million ARB From Coinbase, Worth $5.13 Million
According to Scopescan monitoring, a newly created wallet received 6.34 million ARB (approximately $5.13 million) from Coinbase 15 hours ago. According to OKX market data, the current price of ARB is 0.81 USDT, with a 24-hour decline of 1.76%.
Kraken launches new marketing campaign in UK and US focusing on cryptocurrency’s transformative nature
According to Kraken, the largest marketing campaign to date has been launched in the United States and the United Kingdom, focusing on the transformative aspects of cryptocurrency rather than the get-rich-quick information of the last bull market. The company's new campaign also takes an explicit educational approach, hoping to make people more comfortable with cryptocurrency. Kraken pointed out in a blog post that "51% of people... have not bought any bitcoin because they do not know enough about it." Although Kraken has advertised in the past, including a Formula One partnership, Kraken's Chief Marketing Officer Mayur Gupta said the exchange has never executed such a large-scale direct-to-consumer marketing strategy. Gupta said the campaign will initially launch in the United States and the United Kingdom and is planned to expand globally next year. <br>
Bitrace: Over 3.439 Billion Risk TRC20-USDT Has Flowed Into OTC Addresses in the Past 24 Months
Bitrace conducted a fund analysis on Tron addresses with obvious OTC business characteristics outside of centralized trading platforms, compliant cryptocurrency acceptance platforms, and large-scale money laundering water rooms. The data shows that in the past 24 months, more than 3.439 billion risky USDTs have flowed into these addresses.
Latin America favors CEX over DEX
According to a recent report by blockchain analysis company Chainalysis, Latin America is more inclined towards centralized exchanges (CEX) rather than decentralized exchanges (DEX) compared to other regions in the world. The report highlights that Latin America has the world's seventh largest cryptocurrency economy, lagging behind the Middle East and North America (MENA), East Asia, and Eastern Europe. However, it notes that cryptocurrency users in Latin America strongly support the use of CEX. Additionally, in some countries in the region, cryptocurrency activity divided by platform type is significantly biased towards CEX compared to the global average. However, in Venezuela, the preference for CEX is significantly higher, reaching 92.5%, while the preference for DEX is much lower at 5.6%.
Binance will launch BOND 1-50 times U-standard perpetual contract
Binance announced that it will launch BOND 1-50x perpetual contracts settled in USDT on October 15, 2023 at 22:30 (GMT+8).
The trading share of perpetual contracts on CEX in the past seven days is approximately 96%
According to data from Blockworks Research, perpetual contracts dominate the trading volume of on-chain and off-chain crypto derivatives, with a trading volume share of about 96% on CEX in the past 7 days. However, compared to centralized exchanges, the trading volume of on-chain perpetual contracts is lower.
