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Coinbase Custody stores cryptocurrencies for $ 1 billion

The head of the American company Coinbase, Brian Armstrong, at the conference Consensus 2019, said that the amount of client funds in custody at Coinbase Custody reached $ 1 billion, CoinDesk reports. Discussion moderator Paul Vignet asked Armstrong about the future prospects of institutional investment in the cryptoindustry. The head of Coinbase replied that the amount of $ 1 billion accumulated 12 months after […]

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The head of the American company Coinbase, Brian Armstrong, at the conference Consensus 2019, said that the amount of client funds in custody at Coinbase Custody reached $ 1 billion, CoinDesk reports.

Discussion moderator Paul Vignet asked Armstrong about the future prospects of institutional investment in the cryptoindustry. The head of Coinbase replied that the amount of $ 1 billion had accumulated 12 months after the launch of the custodial service.

He also added that the service benefited 70 large investors. At the same time, the amount of funds managed by Coinbase Custody increased by about $ 150 million monthly.

“So it’s largely a success ,” Armstrong said.

According to him, the institutionalists are interested not only in the simple storage of funds:

“They want to be involved in stacking and voting, implementing on-mine management. I think all this will develop rapidly. ”

Brian Armstrong noted that whales are still most interested in bitcoin. However, the popularity of other coins is also gradually growing, so Coinbase currently offers large customers access to 30 altcoins, including the possibility of stacking some of them.

In addition, Armstrong stressed that 60% of the trading volume at Coinbase Pro is accounted for by institutionalists.

Recall that Coinbase Custody began accepting funds from a wide range of institutional investors from the US and the EU last summer . The service is available for large market participants who can afford to invest in cryptocurrency an amount in excess of $ 10 million.

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OKEx is going to launch futures on Tron on May 20,

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OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

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The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin

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For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
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OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: //t.co/344ykd3iGi – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]

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cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

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Name Price24H (%)
Bitcoin (BTC)
$7,937.00
8.97%
Ethereum (ETH)
$255.01
8.61%
XRP (XRP)
$0.404397
8.85%
Bitcoin Cash (BCH)
$400.29
12.07%
EOS (EOS)
$6.29
6.22%
Stellar (XLM)
$0.140683
6.52%
Litecoin (LTC)
$93.47
8.40%
Cardano (ADA)
$0.085927
6.88%
Tether (USDT)
$1.00
0.10%
Monero (XMR)
$86.72
8.76%
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