Cryptocurrency Exchange News Round-up
Coinbase office in NYC Hires 130 Employees
Coinbase will be opening a new office in New York by the end of the year and the exchange plans to hire 130 employees there. The number of staff working at the facility after the hiring will be about 150.
Adam White, the general manager of Coinbase International stated: “We have to create a bridge between financial services and technology.” “In order to do that, we need to pull from some of the best and brightest minds that have worked their whole careers in other kinds of traditional financial firms.”
Mr. White stated that the exchange kept on growing even after the trade volume had declined as a result of increased institutional investment in the sector. “When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy.”
New Exchange to Be Launched by January
It was announced by EF Hutton that it will be sponsoring a virtual currency exchange dubbed American Cryptocurrency Exchange (Acex). A press release stated that the exchange expects to begin trading digital assets by January 2019. The release says that Acex will comprise “a first of its kind membership exchange in North America.”
Christopher Daniels, the chief executive officer of EF Hutton, said: “We are building a unique FinTech infrastructure in Arizona that encompasses a large number of brokers and advisors. Acex membership structure benefits every Member firm – all of whom benefit directly from the growth of Acex.”
Acex will upon its launch support BCH, BTC, ETH, LTC, BTG, ETC, OMG, EOS, DASH, TRX, XMR, VEN, IOTA, ZEC, and TUSD. It also plans to be listing initial coin offerings by next year.
No More USDT for Digifinex
Coinmarketcap’s adjusted its rankings classifying Digifinex as the 14th largest cryptocurrency exchange by volume. Digifinex has announced that it will be slowly getting rid of USDT pairings on its platform.
Kiana Shek, the co-founder of Digifinex stated: ”I simply don’t believe in Tether,” adding: that she had been “looking for ways to get rid of USDT” for months.
