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CroSwap DEX Launches With Strong Volume in First Days
September 30, 2022
MINS
CroSwap DEX, the main product in a new DeFi suite for Cronos, launched on Sept. 26 with good volume for a new DEX in a bear market.
New DEX on Cronos Chain
CroSwap DEX, the backbone of a new DeFi suite for Cronos, launched on Sept. 26 and is seeing strong volume for a new Decentralized Exchange (DEX) in a bear market.
Trading volume over the first 24 hours reached over $100,000, which is comparable to many other DEXes that have been around much longer. Total volume sits at $205,000 as of Sept. 29.
SwapV, CroSwap’s Head of Development, said the team has a lot more planned for the CroSwap ecosystem, with a two-year roadmap that aims to make CroSwap stand out from other DEXes.
“Our DEX is already unique since our code was written by our team, it’s not just a regular fork,” he said. “All of our products are utilizing EIP-2535 and are very transparent. We also integrate unique products such as achievements, education, a migration tool, contract/audit services, bridges, and games. We are not going to stop until we create the perfect one-stop-shop DeFi environment for the Cronos network.”
SwapV went on to say that incentivizing users to increase Total Value Locked (TVL) in their network is a key goal of the DEX and its ongoing development.
“We want to try to get as much TVL as possible on the exchange and continue to introduce new additions into the ecosystem that allow that to happen,” he said. “The larger liquidity that we can raise - the better off we are when the market turns around and the more stable our environment will be for our community.”
To begin, CroSwap will incentivize users to lock their tokens within the CroSwap ecosystem through Liquidity Pools and Yield Farms. Both services will allow users to stake their tokens to receive rewards based on the amount they stake relative to other users.
Liquidity Pools launched on Sept. 29 while Yield Farms are set to launch in the coming days. This will be followed by “Harbors” later on, which will allow users to easily implement different yield farming strategies.
CroSwap DEX has over 300k of trading volume in the last 24hrs!! Let's CRO!
— CroSwap DEX (@CroSwapOfficial) September 30, 2022
❤️ & 🔄 https://t.co/TqMolLHGRM#CRO #crofam #Cronos #CroNavy #CroSwap pic.twitter.com/yVuOyOtzSz
What Is CroSwap:
CroSwap is in the process of launching a suite of Decentralized Finance (DeFi) services for the Cronos Network, including the CroSwap DEX, an NFT staking platform, and DeFi educational tutorials.
Where to find CroSwap:
Website | Twitter | Discord | Medium
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Coinbase Gains Regulatory Nod from BMA for Retail Perpetual Futures Trading
September 28, 2023
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Building on the launch of its International Exchange in May, the approval reflects Coinbase's effort to extend perpetual futures trading to eligible non-US clients.
Summary
- Coinbase has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures for eligible non-US retail customers.
- The approval builds on Coinbase's earlier announcement in May 2023 when it launched Coinbase International Exchange, a platform aimed at non-US institutions to trade perpetual futures.
Crypto exchange, Coinbase, in an announcement said it has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures for eligible non-US retail customers. Aligning with the BMA's rigorous guidelines, the move underscores Coinbase's dedication to compliance and regulatory standards.
This approval builds on Coinbase's earlier announcement in May 2023 when it launched Coinbase International Exchange, a platform aimed at non-US institutions to trade perpetual futures. Now, the BMA's approval extends this trading option to non-US retail customers.
As of today, non-US retail traders can verify their eligibility for perpetual futures trading on Coinbase Advanced, the company's retail trading platform, with official trading operations set to commence in the coming weeks.
Coinbase’s “Go Broad, Go Deep” Expansion Strategy
“As announced in the Phase II of our “Go Broad, Go Deep” strategy, we are dedicated to partnering with high-bar global regulators to build a crypto regulatory framework that allows crypto technology to continually drive innovation,” Coinbase said.
While the company initially planted its roots in the United States, it now seeks to expand access to perpetual futures for eligible non-US clients, thus contributing to the evolution of the global financial system and extending economic freedom and opportunities to users worldwide.
In a climate where several crypto exchanges are facing increased regulatory scrutiny and scaling back operations in certain regions, Coinbase's expansion into perpetual futures demonstrates its determination to cater to growing demand in the crypto derivatives market while upholding security and transparency standards.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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