Crypto Assets on Gibraltar Blockchain Exchange Can Now Be Insured

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange, is now providing insurance coverage for crypto assets listed on its platform. The firm announced Monday that it has partnered with a local provider called Callaghan Insurance to provide the policy to cover both hot (online) and cold (offline) wallets listed on the GBX Digital Asset Exchange. “This represents an important step in attracting users who require strict assurances around the security of their assets,” said GBX CEO Nick Cowan. The news follows last month’s news that GBX…

Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval

The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric…

Coinbase Considers Adding 30 New Crypto Assets to Its Exchange

UPDATE, 12/7/18 18:00 UTC: Four hours after announcing the list, Coinbase Pro said it was launching support for Civic, District0x, Loom Network and Decentraland’s tokens. Its order books will remain in transfer-only mode for 48 hours, with customers able to deposit, but not withdraw, any of the tokens. After adding support for several new tokens over the past months, Coinbase has revealed more than 30 crypto assets it is considering for listing. However, the San-Francisco-based exchange is not adding the 31 tokens to its platform just yet, but rather, is “continuing to…

Binance Launches Multi-Account Feature for Institutional Crypto Traders

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A single institution may have up to 200 sub-accounts, according to the exchange. In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees…

Binance Releases Demo of Planned Decentralized Crypto Exchange

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has released a new video demo of its decentralized exchange, dubbed Binance DEX, ahead of its launch in early 2019. Released Wednesday, the video demonstrates the trading interface of Binance DEX, along with a web crypto wallet and the explorer for Binance’s native public blockchain, Binance Chain, which the firm says will be made available on a testnet soon. Based on the video, Binance DEX will have a very similar interface to its existing centralized exchange, with some additional features.…

Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange

Crypto exchange Coinbase Pro is adding privacy coin zcash to its listings. The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after the announcement at 18:00 UTC. When trading is enabled, only Coinbase Pro users in most of the U.S., UK, European Union, Canada, Singapore and Australia will be able to access the coin. New York residents…

Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month

U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk earlier this month. In an interview with news source Cheddar on Tuesday, Coinbase head of sales Christine Sandler said that the firm launched the OTC desk as a complement to its exchange business because institutions are using OTC as an “on-ramp for crypto trading” In an OTC transaction, a trade takes place between two parties directly, unlike on an exchange where orders are matched between third-party buyers and sellers. “We felt this was a huge benefit to our clients…

Tether Says Customers Can Once Again Deposit and Redeem Fiat

Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party,” the company said in a post on its website. “This update allows the immediate withdrawal of Tether to…

Gibraltar Stock Exchange Wins License for Blockchain Subsidiary

The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island’s financial regulator. The Gibraltar Blockchain Exchange (GBX) announced Thursday that the Gibraltar Financial Services Commission (GFSC) has granted it a license under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT), claiming to be the first stock exchange to own a regulated blockchain exchange. The GBX was first launched in July as an “institutional-grade” token sale platform and digital asset exchange. It currently offers U.S. dollar onboarding and a number of trading pairs against…

Crypto Insurance Is Hard to Come By. Unless You’re Coinbase

As Wall Street raises the stakes around cryptocurrency, large institutional players are circling this new asset class and bringing with them their own set of requirements. For example, there’s a need for qualified custodians to hold the assets these big-money investors will trade, as in the traditional, regulated financial realm. But a less-discussed yet critical condition for making institutions feel at home is providing adequate insurance against theft for all those custodied assets. The problem is that there’s not enough of this insurance to go around. While insurance is an…