Allcoin news

Established in 2016, Canada. No. of pairs - 33. Fiat - USD. Centralized exchange.

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Allcoin Exchange Review – Should You Trust It?

When it comes to trading altcoins, there are several dozen platforms all vying for traction in this growing crypto industry. While Allcoin makes a strong case for itself due mainly to its support to a vast array of coins, putting one’s trust in any cryptocurrency exchange remains risky when not aware of all the facts. The Allcoin Company Becoming a global digital asset trading platform is an ambitious goal. Allcoin, a Canadian firm owned by Cascadia Fintech Corporation, is looking to make its mark on the cryptocurrency industry since early 2016. To date, the company has expanded significantly in terms of offering different markets. It is also worth mentioning Allcoin’s parent company is regulated by FINTRAC in its native country of Canada. Trading pairs and Markets Even though Allcoin aimed to support both USD and CNY trading at some point, it seems things have changed significantly in this regard. Neither fiat currency is still supported directly at this time, yet the platform exposes traders to CKUSD. This is a stablecoin linked to the US Dollar, which is primarily traded on Allcoins and BCEX. It seems to provide some additional liquidity, although it will not become an USDT rival anytime soon. Other currencies traded on Allcoin include Bitcoin, Ethereum, Bitcoin Cash, Qtum, HyperCash, and so forth. There are also a fair few currencies which have not gained any real traction as of yet, which makes one wonder whether or not those additional will yield any successes for the exchange moving forward. The lack of prominent coins such as Litecoin, XRP, and XLM also seems unusual, albeit that situation may change sooner rather than later. Fees and Listings Similar to most exchanges, Allcoin does not charge any additional fee for cryptocurrency deposits. There is no apparent trading fee on the marker side, though market takers will pay 0.2% in fees for trading cryptocurrencies. There is a lot of uncertainty regarding withdrawal fees, as the company does not list this specific information on their website at this time. Community Feedback So far, it seems Allcoin has built up an interesting reputation among cryptocurrencies users. The exchange has been subject to a fair few incidents with users which should have been resolved a lot sooner. Ever since its acquisition by Cascadia Fintech Corporation, it seems things have improved slightly. There is still a lot of uncertainty regarding fees, the website is very sluggish, and there are concerns regarding its overall stability. Always do your own research prior to trusting any exchange. Disclaimer: We are not affiliated with Allcoin and cannot guarantee the safety of your funds. This is not trading or investment advice. Please do your own research before making deposits into any exchange. The post Allcoin Exchange Review – Should You Trust It? appeared first on NullTX.

Justin Sun Reveals Why Tron Bought BitTorrent, Also Allcoin TRX Listing News

CEO of Tron Announces New Listing, Also Shares Reason for BitTorrent Acquisition CEO of Tron, Justin Sun has reported that the TRON token has now gained new support. Sun took to his Twitter platform to inform devoted followers of the new listing and it is none other than the Canadian crypto exchange, Allcoin. He also revealed that users can now deposit and withdraw TRON as of Wednesday, August 22 with trading only commencing, Friday, August 24 at 15:00 (SGT). As per CoinMarketCap’s statistics, TRON has been bumped out of the top ten cryptocurrencies, now sitting at the 12th position. Its market capitalization is approximately USD$1.3 billion with its trading volume at about USD$96.8 million and current token value at about USD$0.019. Since its all-time high back in December, the coin has seen a drop of nearly 90%, which seems to be the case for most altcoins. Tron is not new to constant partnerships and support, as the project dedicated to decentralizing the web has made multiple efforts in helping to expand its ecosystem. While its native token gaining yet another listing is surely to add to investors’ confidence, not many seem to be convinced. Twitter users have since praised the efforts, but believe it is not enough, as the token’s value does not seem to pick up in anyway. Why Acquire BitTorrent In July 2018, Sun announced Tron’s acquisition of the communication protocol for peer-to-peer (P2P) file sharing platform, BitTorrent. While many investors were quick to congratulate Tron for such an acquisition as it signifies more exposure within the crypto sphere, it appears like Sun has other reasons for the acquisition. In a letter written to BitTorrent, Sun wrote that both firms involved share a common value. He emphasized on Tron’s goal to: “Decentralize the web” as being closely related to BitTorrent’s goal to “Democratize the Internet”. This acquisition is supposedly considered an initial step towards the CEO’s plans to “strengthen the Internet infrastructure.” One would assume that all of Tron’s accomplishments will surely rise its token price, however, it seems to be the contrary. Could it be that the lack of investor motivation is driving down the Tron price? Share your perspective(s) below.
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Tron [TRX] to be listed on Allcoin, tweets Justin Sun

In a recent tweet, Justin Sun posted that Allcoin a digital currency exchange operated by Cascadia Consumer Electronics Corp will open the exchange platform for deposits and withdrawals of Tron [TRX]. According to his tweet, the deposits and withdrawals of TRX will start at 17:00, August 22nd, 2018 [SGT]. He also mentioned that the trading of TRX/ETH pair will start at 15:00, August 24th, 2018 [SGT]. Post the Mainnet migration TRX has been listed on various cryptocurrency exchange platforms such as Coinex, Max exchange, OTCBTC, Bitforrex and many more. Tweet by Justin Sun | Source: Twitter According to CoinMarketCap, TRX is ranked at number 12 by total market capitalization. It currently has a market capitalization of $1.3 billion with the price of $0.0202 and has witnessed a rise of 0.71% over the past 24 hours. Earlier today the price of the coin has seen a sudden rise from $0.020803 to $0.022119. Further, the price of the coin dropped and reached the current value TRX’s 1-day chart | Source: CoinMarketCap Allcoin is a global digital asset trading platform operated by Cascadia Fintech Corporation which is incorporated in Vancouver Canada. It has been listed on Canadian Security Exchange since 12th September 2013 but Allcoin officially released the digital asset trading platform on April 2016. They are also ranked among the top 40 companies for 24 hrs trading volume. The top trading combinations of Allcoin are BTC/USD, GAME/USD and Qtum/USD. Dan Brook, a Twitterati commented: “Shame it’s now at 0.02 and dropping still” Another Twitterati named Dung says: “I Think TRX up to 10 USD. In 2018.” The post Tron [TRX] to be listed on Allcoin, tweets Justin Sun appeared first on AMBCrypto.
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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

There are several altcoins that are registering interesting growth rates in the last weeks. This time, Ravencoin (RVN) was able to pump once again over 20% in just 24 hours. Although Bitcoin keeps being traded sideways, there are some altcoins that are behaving very positively. Ravencoin Spikes 20% Ravencoin was able to grow 20% and […]
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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.

How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
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