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The War between the Top Cryptocurrency Exchanges.



The Top cryptocurrency exchanges are in a rat race, to remain dominant in their operations. Situations like hacks and theft might leave them in denial.

The top cryptocurrency exchanges striving for their improvement.  

  • Cryptocurrency exchanges

Cryptocurrency exchanges provide us with nothing but an amazing platform for all the transactions that need to be done with it. The conversion between different cryptocurrencies and Fiat currencies is also made possible through these exchanges itself. However, providing us with integrated environment costs us our identity, which in other platforms apart from cryptocurrency exchanges is more anonymous in nature like


Almost 90% of the total number of cryptocurrencies exchanges which exist are centralized in nature and the rest being decentralized. According to the original concept proposed by Satoshi Nakamoto, one of the core foundations of the cryptocurrencies is its decentralized nature and the centralized power of cryptocurrency exchanges to manage our investments doesn’t seem to go hand in hand with it.


  • Exchanges on a race

The Top cryptocurrency exchanges are in a rat race, to remain dominant in their operations. However, unexpected situations like hacks and theft might leave them in denial and hence security is one of the major points of focus for the key members of an exchange. Here is how the top 5 cryptocurrency exchanges According to coinmarketcap compete with each other.


The top 5 cryptocurrency exchanges according to market capitalization are listed as below.


The Asian cryptocurrency exchange Binance doesn’t support Fiat currencies. In order to start trading on this particular cryptocurrency exchange, one needs to buy Bitcoin, Ethereum or any other cryptocurrency. However, it even provides a number of cryptocurrency trading pairs and hence is the largest cryptocurrency exchange based on daily trading volume.



The China-based cryptocurrency exchange Okex allows user for a provision to trade between a number of cryptocurrency and Fiat backed tokens. It even provides an exclusive environment for the professional traders through advanced tools, charts, and other pieces of information. The exchange even provides a cryptocurrency wallet, a vault to secure the funds, and also a Blockchain Explorer to provide a complete history of the Blockchain. Multiple leverage options are available for the digital asset based futures.  



One of the leading Global digital asset exchange Huobi is dedicated to storing 98% of all its funds in multi-signature cold wallets. Founded originally in 2013 in China by Leon Li, the company has offices in Singapore, United States, South Korea, etc.



Founded in the year 2012 and headquarters in Hong Kong the cryptocurrency exchange Bitfinex is well known to provide liquidity to the Bitcoin market. The cryptocurrency version of the US dollar, Tether is estimated to be closely related with this exchange.



The China-based cryptocurrency exchange offers Crypto to Crypto as well as Crypto to Fiat trading. The Chinese cryptocurrency exchange was launched after the ICO ban in the country. Founded in 2017 the cryptocurrency exchange has gained a lot of momentum with its operation being globalized in nature.


They can be compared based on a number of attributes. Some of them are explained below.

Supporting the Fiat currencies

Some of the above-mentioned cryptocurrency exchange support Fiat trading and conversion like Bitfinex. Supporting Fiat currencies is crucial as the newcomers in the cryptocurrency field cannot enter the Crypto trading industry without the support of Fiat conversions. Many cryptocurrency exchanges, keeping this in mind, support them. On the other hand, due to the regulatory concerns and other verification process required for the Fiat transfers some of the exchange keep it preferable to avoid them. cryptocurrency exchange supports only cryptocurrencies.


Trading fee

A transaction fee is levied upon all the transactions which take place on the cryptocurrency exchange and is one of the major means of income for the exchange. The transaction fees differ based on the trading volume of a particular user or can also be constant for all of them. The transaction fees for Binance is 0.1%. The crypto to Crypto trading fee for OKEx is anywhere between 0 – 0.3%. In case of Huobi, both maker and the taker fees account for 0.2%. Bitfinex and ZB offer the trading fees between 0 to 0.2%.


Minimum equity for trading

Some of the cryptocurrency exchange employs a condition, that a certain amount of investment must be made available in the exchange’s funds in order to initiate the trading process. Large cryptocurrency exchanges like Binance do not impose such restrictions on the traders. However other cryptocurrency exchanges like Bitfinex needs $10,000 worth of deposit before initiating a trading process.


Separate trading interface

It is well known that the beginners and the professionals have a completely different set of expectations from a cryptocurrency exchange. Hence many cryptocurrency exchanges opt for 2 user interfaces, one for the beginners and the other one for the advanced users. Binance and ZB.Com are the prominent Crypto exchange which supports this advanced facility for its customers.

Closing remarks

It must be understood that this is an infinite game between the Crypto exchanges and no one can ever win or lose the battle. The main goal must be to keep the things going on along with the daily improvements.


Adoption: Courts in France adopt blockchain technology



The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.


The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.


The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.


According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.


According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea



HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.


HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.


According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.


HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange



The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.


World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.


The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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