– Nasdaq might launch a joint venture with the Winklevoss twins and their Gemini exchange
– Binance has partnered with Liechtenstein Cryptoassets Exchange (LCX) and launched fiat-to-crypto exchange
– Ripple announced Bittrex, Bitso and Coins.ph as preferred digital asset exchanges for xRapid transactions
– Gemini, Bitstamp, Bittrex, and bitFlyer USA are teaming up to form the Virtual Commodity Association Working Group
– Global automotive blockchain market size is estimated to reach $1.6 billion by 2026
Nasdaq is moving closer to trade the most liquid cryptocurrencies starting 2019. It might launch a joint venture with the Winklevoss twins and their Gemini exchange.
***
Binance has partnered with Liechtenstein Cryptoassets Exchange (LCX) and launched fiat-to-crypto exchange Binance LCX.
The new trading platform is located in Liechtenstein and will offer trading between Swiss francs (CHF) and euros (EUR) against major digital currencies pairs, subsequently adding more trading pairs following regulatory approvals.
***
Ripple announced Bittrex, Bitso and Coins.ph as preferred digital asset exchanges for xRapid transactions which utilize XRP cryptocurrency.
Bittrex will be used for convertion of XRP into U.S. dollars, Bitso and Coins.ph – for convertion of XRP into Mexican pesos and Philippine pesos.
***
Business Insider reports that four cryptocurrency exchanges (Gemini, Bitstamp, Bittrex, and bitFlyer USA) are teaming up to form the Virtual Commodity Association Working Group, which could be a precursor to a self-regulatory organization for digital commodities like Bitcoin and Ethereum.
In equities, securities exchanges have their own organization to come up with common standards and jointly respond to declarations by regulators. The new group could serve as the equivalent for the crypto world by coming up with best practices for the industry, looking at ways to boost liquidity, and stamping out market manipulation, according to a person familiar with the matter.
***
According to a market research report by BIS Research the global automotive blockchain market size is estimated to reach $1.6 billion by 2026, growing at a robust CAGR (compound annual growth rate) of about 66% during the period 2018-2026.