Overview Of Bitcoin This Tuesday
Binance Cautiously Moves Away from Tether
In recent months, just like most exchanges, Binance has tried to reduce its exposure to tether (USDT). One of its strategies towards that is introducing a range of alternative stablecoins. Binance has also removed tether as the reference BTC/USD pair on its platform. “USDⓈ”, will be replacing it on the platform. It is not a new stablecoin, the difference lies in the fact that the name Binance has been assigned to the combined stablecoins that will be used to derive its BTC/USD price.
Binance, the world’s largest cryptocurrency exchange by trading volume, explained that “this is to support more trading pairs with different stablecoins offered as a base pair.” untether.space, the website that records what is called “tether risk premium,” noted that on USDT exchanges, BTC is right now trading at a premium of 3.67 percent.
Nasdaq Moves Ahead With Bitcoin Futures
Reports state the plans of Nasdaq to move ahead with the listing of bitcoin futures, with BTC’s current drop-off not doing enough to cut down its desire to add the trading option. Details of the ahead-scheduled launch on the world’s second largest stock exchange in Q1 of 2019, are being currently finalized by the US Commodity Futures Trading Commission. The Nasdaq will select its BTC spot price from a collection of cryptocurrency exchanges. It will be differentiating its futures contracts from those offered by CME and Cboe.
Growing Security Token Infrastructure
2019 might be the year during which most of the building work performed in 2018 will bear fruits. Security token offerings (STOs), in addition to Nasdaq’s futures and the much-anticipated approval of the first bitcoin ETF, are to take off. There are quite some recent developments that are laying the foundation for major growth within the next 12 to 18 months. $12.75 were just raised as a Series A by Security token platform Securitize, from the likes of Blockchain Capital, Coinbase Ventures and Ripple.
