#CryptoCorner: LINE’s (NYSE: $LN) BITMAX Exchange Launches in Japan, VanEck and SolidX Withdraw SEC Rule Change for #Bitcoin ETF, Binance.US Launches but Excludes States Such As New York
#CryptoCorner: LINE’s (NYSE: $LN) BITMAX Exchange
Launches in Japan, VanEck and SolidX Withdraw SEC Rule Change for #Bitcoin ETF,
Binance.US Launches but Excludes States Such As New York
Point Roberts, WA, Delta BC, September 18,
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September
18 Crypto Corner
Stocks discussed: (NYSE:LN)
BITMAX, the new
crypto exchange service from Japan’s LINE Corporation (NYSE:LN), has begun operations, according to
an official statement published yesterday. The
service is available to 81 million Japanese users who have access to the LINE
mobile app wallet. An excerpt from the statement emphasizes LINE’s
prioritization of security:
While numerous existing exchanges already have a large
customer base, LINE sees cryptocurrency exchanges as still in their infancy,
and believes the industry has potential for even greater growth. Along with the
various services offered on the LINE app (currently used by 81 million users in
Japan and a total of 164 million users across LINE's four key markets), the
company has been one of the heaviest investors among Japan's internet
businesses into security measures. This approach has extended to BITMAX,
offering users a reliable and stable service that prioritizes security and
safety above all else.
Cboe BZX Exchange,
Inc. has withdrawn its proposed rule change with the
U.S. Securities and Exchanges Commission (SEC) to list and trade SolidX Bitcoin
Shares issued by the VanEck SolidX Bitcoin Trust. This comes weeks after VanEck
and SolidX resolved to offer institutions a limited version of the Bitcoin ETF.
Gabor Gurbacs, the director of digital asset strategy at VanEck tweeted in response to the news:
We are committed to support Bitcoin and Bitcoin-focused
financial innovation. Bringing to market a physical, liquid and insured ETF
remains a top priority. We continue to work closely with regulators &
market participants to get one step closer every day.
Binance.US, the
U.S. division of crypto exchange giant Binance, launches today, according to a
company blog post. However, that same blog post
indicates that the U.S. states of Alabama, Alaska, Connecticut, Florida,
Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and
Washington are excluded from the launch. Binance.US CEO Catherine Coley, who
wrote the blog post, commented:
Although it is upsetting that we cannot offer
Binance.US in the states where I grew up and earned my education at this time,
please rest assured that this is just the beginning, and it is our mission to
bring access to those of you in these states many of us call home.
Cointelegraph reports that Singapore-based
crypto and blockchain firm Huobi, has expanded to Argentina. The exchange,
Huobi Argentina, was launched through Huobi Cloud, allowing users to build
over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing
platform. Currently, users can buy crypto with Argentine Pesos, but Huobi is
planning a fiat-to-crypto gateway, allowing the purchase of crypto using credit
cards, transfer and some local digital payment providers. Carlos Banfi, CEO of
Huobi Argentina, said:
“Argentina is South America’s most promising market for
blockchain development. There already exists a general consensus to break from
a reliance on the local currency and banks, and with Huobi’s entrance into the
market, it is a great opportunity to move the needle on blockchain and crypto
adoption in Argentina.”
Sam Mowers,
Investorideas
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