Crypto Trading Platform ErisX Hires Serial Exchange Founder Matt Trudeau

ErisX is beefing up its leadership ahead of the launch of cryptocurrency spot and futures trading early next year. Revealed exclusively to CoinDesk, the digital asset trading platform has hired markets and exchanges veteran Matt Trudeau as chief strategy officer. The news comes a week after ErisX closed a Series B funding round that raised $27.5 million from firms such as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group. Trudeau started his trading career in the early 2000s when the U.S. equities market was going digital and has overseen some 10 global…

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

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 explore the addition” of the assets, according to a blog post published Friday. The tokens included in the list range from ERC-20 tokens to independent projects. “Over time, we intend to offer our customers access to greater than 90 percent of all compliant digital assets by market…

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…

Coinbase Wants to Own ‘BUIDL’ Trademark, Filing Reveals

Exchange giant Coinbase is seeking a trademark for “BUIDL,” a popular term used by some segments of the cryptocurrency community, public records show. In an Oct. 2 filing with the United States Patent and Trademark Office (USPTO), the San Francisco–based tech unicorn wants “BUIDL” to become one of the company’s protected brand names. “Now’s the time to BUIDL, not HODL,” a rallying cry in the blockchain developer community first noted on CoinDesk in 2015, is meant to suggest that building real-world use cases is just as valuable as the hoarding of crypto…

Coinbase Is Planning a Year-Long Decentralized Identity Experiment

One of the crypto industry’s biggest players is experimenting with ways to give its users more control of their personal information. Crypto exchange turned corporate unicorn Coinbase has a 17-person team currently exploring decentralized identity solutions. B Byrne, the product manager of Coinbase’s identity team, told CoinDesk he wants to “help people own more of who they are online.” Revealed exclusively to CoinDesk, Byrne’s approach relies on creating bridges between Coinbase products, such as its mobile wallet, with a built-in decentralized application (dapp) explorer. He explained: “I’m looking at dapps, and…

Coinbase Adds Zcash to Retail Crypto Trading Service

Less than a week after adding privacy-focused zcash to its professional trading platform, crypto exchange Coinbase is opening trading to its retail customers. The company announced Wednesday that clients using coinbase.com or the Android and iOS apps can buy, sell, send, receive or store zcash, though residents in the United Kingdom and the U.S. state of New York will not immediately have access to these services. The move comes on the heels of Coinbase Pro adding support for zcash last week. At the time, the platform announced that only residents…

Binance Releases New Video Demo of its 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.…

Crypto Exchange Poloniex Launches Institutional Trading Services

Crypto exchange Poloniex has announced the opening of trading services for institutional clients. The company, which was acquired by payments firm Circle earlier this year, said Tuesday that it will begin offering institutional accounts, with support for different crypto trading pairs and API interfaces. The exchange will also provide no-fee transactions for all bitcoin/USD Coin trades in December. As part of its new accounts, Circle is offering over-the-counter trading through Circle Trade, services through Poloniex and trading pairs with the USDC stablecoin, according to a registration page. Firms looking to participate in…

Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX

Crypto trading platform ErisX has closed a Series B funding round that raised $27.5 million, the company said Tuesday. Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group participated in the funding round, investing in the new derivatives and digital asset trading platform for the first time. ErisX, which is being built by derivatives market provider Eris Exchange, was previously announced as a platform for trading a number of cryptocurrencies, as well as bitcoin futures. CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners…