Exmo news

Established in 2014, UK. No. of pairs - 57. Fiat - USD, EUR, RUB, PLN, UAH. Centralized exchange.

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Crypto exchange EXMO integrates Sumsub for user onboarding and KYC

EXMO, a popular сryptocurrency exchange, announced today a partnership with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients. Sumsub’s AI-based solution automates identity verification and anti-fraud, providing compliance to relevant regulations and AML screening. New verification procedures enable a hassle-free online experience by asking users […]

United Kingdom’s EXMO Crypto Exchange Opens Representative Offices in Istanbul, Turkey

EXMO cryptocurrency exchange announced the opening of their Turkey subsidiary earlier in the week on February 20th, 2019. The new branch strengthens the platform’s position as the largest cryptocurrency exchange in Eastern Europe. The new Istanbul based subsidiary becomes the fourth to be opened by EXMO outside the United Kingdom. EXMO Cryptocurrency Exchange Has Officially […]
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Cryptocurrency Exchange Exmo Opens Branch in Turkey

Digital asset exchange Exmo, a leading crypto trading platform in Eastern Europe, has recently registered a subsidiary in Turkey. The company is setting up an office in Istanbul, the financial capital of the country situated on the Bosphorus. Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments Traders Offered Pairs With the Turkish Lira The decision to establish the branch is part of Exmo’s launch in Turkey and indicates the growing significance of the Turkish crypto market in the region. The cryptocurrency exchange already has offices in the Russian Federation, Ukraine, Spain and the United Kingdom. The move comes after Exmo presented a Turkish language version of its website and introduced support for the Turkish lira (TRY). Trading pairs between the local fiat currency and major digital coins such as bitcoin core (BTC), ethereum (ETH), ripple (XRP), and stellar (XLM) are now available. In an announcement published on its website and social media, the exchange noted that it’s currently finalizing formal procedures to open an account in a Turkish bank. That means a bank transfer payment option will be available to users in the near future. Commenting on the new developments during the Blockchain Economy Istanbul Summit, chief executive officer of Exmo, Sergey Zhdanov, stated: The Turkish market has become an incredibly pleasant discovery for us. The numbers of traders from the eastern region undoubtedly pleases us. So, we have decided not to stop here and open a representative office in Istanbul in order to have even more opportunities in this region. Cryptocurrencies Popular in Inflation-hit Turkey Exmo, which was founded in 2013, is based in London, Kiev, Barcelona, Moscow, and now Istanbul. It’s often referred to as the largest cryptocurrency trading platform in Eastern Europe. The exchange reports having a total of 1.6 million users and 50,000 active daily traders. The platform offers more than 120 trading pairs and has become popular in the region with its support for six fiat currencies including the Russian ruble, the Ukrainian hryvnia and the Polish zloty. According to the company, its average daily trading volume is around $30 million. At the time of writing, Exmo is the 65th crypto exchange listed on Coinmarketcap with a 24-hour volume of close to $18 million. Turkey is one of those inflation-hit countries where cryptocurrencies have been steadily gaining popularity due to the depreciation of the national fiat currency. Trading volumes on the country’s major crypto exchanges spiked last summer when the Turkish currency saw a big drop against the U.S. dollar. At press time, TRY is trading at approximately $0.18, compared to 26 cents a year ago. In August 2018 its price bottomed at a little over $0.14. That’s when Turkish crypto exchanges registered their highest trading volumes. Back then, one of the leading local platforms, Btcturk, saw a 350 percent increase in just 24 hours, as news.Bitcoin.com reported. It currently has over $4 million in daily trading volume. Other popular crypto exchanges in Turkey that Exmo has to compete against include Paribu, Koinim, and Koineks, all of which trade a wide variety of digital coins. BTC trade with the Turkish lira on the peer-to-peer exchange Localbitcoins peaked during the week of Nov. 25, 2018, when according to Coindance the volume reached almost 2.5 million Turkish lira (over $525,000 in today’s prices). Do you think Turkey will establish itself as a major crypto market in the region? Share your thoughts on the subject in the comments section below. Images courtesy of Shutterstock. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Cryptocurrency Exchange Exmo Opens Branch in Turkey appeared first on Bitcoin News.
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EXMO Exchange CEO Says ICE’s Bakkt Will Provide Liquidity to the Bitcoin Market

The CEO of the cryptocurrency exchange EXMO, Sergey Zhdanov, seems very positive about the launching of the Bakkt platform. According to him, Bakkt will be providing liquidity to the market and allow it to keep maturing. The EXMO crypto exchange is located in the United Kingdom and is one of the largest of its kind in Europe. At the moment it has around 1.5 million users and it handles a trading volume of $1.5 billion. In a recent interview released on its Medium channel, the CEO of the exchange shared his point of view regarding the upcoming events in the cryptocurrency market. One of the things he suggested is that with the release of Bakkt, there will be more interest from institutional investors. Bakkt is a platform that is being created by the Intercontinental Exchange (ICE) and that would allow institutions to gain exposure to virtual currencies. Mr. Zhdanov is also convinced that regulations are also going to stimulate the market. During the last years, the cryptocurrency market grew at very fast rates but the regulatory environment lagged behind. Now, regulatory agencies are starting to enter the space trying to regulate the activities conducted by crypto and blockchain companies. He went on saying that with Bakkt, there will be more liquidity in the market and it will allow interested investors to have access to trade futures and options. Furthermore, this increase in interest from institutions will be a great success for the whole space. If governments start implemented regulations, and the market minimizes the risks associated with Bitcoin and virtual currencies, these digital assets could start growing once again. Finally, he talked about the crypto hype that the market experienced back in 2017 when Bitcoin (BTC) and other virtual currencies were reaching their all-time highs. He explained that we currently are in a stage of consolidation. Smell players are leaving the space due to the falling profits, which can be seen in the current prices compared to a year ago. According to the Toshi Times, the Bakkt platform will be launched later in 2019 after Jeff Sprecher, the CEO of the Intercontinental Exchange, announced they will be delaying the official release of the platform once again.
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Bakkt will bring liquidity and contribute to the ‘maturing’ of the industry, says EXMO Exchange’s Sergey Zhdanov

The impending launch of Intercontinental Exchange’s digital asset platform, Bakkt later this year has contributed to a rising degree of confidence in the cryptocurrency market, especially from many institutional investors. This is a sentiment that is shared by many in the cryptocurrency business as well, including EXMO Exchange’s Sergey Zhdanov. EXMO Exchange, based in the U.K is one of the largest cryptocurrency exchanges of its kind in Europe and boasts a user base of 1.5 million customers and an average monthly trading volume of $1.5 billion. In an interview released on the exchange’s Medium channel, CEO Sergey Zhdanov shared his thoughts on what the release of Bakkt would mean for the cryptocurrency market in 2019. Zhdanov in his interview suggested that with the release of Bakkt, more and more interest from institutional investors is likely to be generated in the cryptocurrency market. However, contrary to some who fear that rising institutional interest will generate an equal degree of regulation, Sergey Zhdanov has welcomed it instead and said, “I am convinced that regulation will unambiguously stimulate the market.” While lauding the fact that Bakkt will offer more liquidity to the cryptocurrency trading market and will allow investors to trade in futures and options, Zhdanov also suggested that greater institutional interest will be a tangible success for the market. Furthermore, he claimed that cryptocurrencies offer most investors the best option to diversify their portfolios. However, Bakkt wasn’t the only issue Sergey Zhdanov spoke on. He also dismissed notions about the misplaced perception that cryptocurrency exchanges have the most protected position in the cryptosphere and are guarded against the risks and volatility of the market. Finally, commenting on the likely state of the cryptocurrency market in 2019, Zhdanov stated that the hype about cryptocurrency is finished. Instead, the stage of consolidation has arrived where smaller players may leave the crypto-space because of falling profits, he said. Talking on the issue of regulation of crypto-space again, Zhdanov ended the interview by saying that the cryptocurrency market is likely to be in for a rapid expansion in terms of value if government-mandated regulations are able to minimize the risks associated with cryptocurrencies. The post Bakkt will bring liquidity and contribute to the ‘maturing’ of the industry, says EXMO Exchange’s Sergey Zhdanov appeared first on AMBCrypto.

EXMO Co-founder Ivan Petukhovsky Outlines His Possibilities in Cryptocurrency Market for 2019

EXMO cryptocurrency exchange co-founder and CEO wrote on Medium the five things cryptocurrency investors should be expecting in 2019. A New Article on EXMO Blog: "5 Main Trends that will shape The Crypto World in 2019" Read Article: https://t.co/RUnB64Ip1S Share your thoughts in comments if you have any and don't forget to follow our blog on medium #incryptowetrust — EXMO (@Exmo_Com) January 22, 2019 The past two years in the cryptocurrency market has been impressive, to say the least, as both the adoption rates and the price soared to previously unknown heights. The last quarter of 2017 nonetheless took the world in surprise as Bitcoin’s price crossed $20,000-mark leading to a boom in the cryptocurrency market. Money was pouring out to any ICO started and so were investors who wished their project was the next Bitcoin or Ripple. The Cryptocurrency Industry Cleansing The year of 2018, however, was a shock to most investors as the prices dropped drastically pushing most of the ICO projects out of existence. Ivan terms the current state of the market as a “cleansing phase” that will actively continue in 2019. Furthermore, the quality of the market will improve hence the increase in liquidity is expected. The industry has seen a couple of regulations being set including ICO issuance and trading of digital assets. This improves the confidence of the investors and offers them an efficient platform to raise capital by issuing digital assets. Furthermore, regulation on the industry proves a strong statement for future development of blockchains and cryptocurrencies. Unlike 2017 and 2018, future digital asset projects are expected to improve without the presence of scammers and fakes among them. Cryptocurrencies And Regulation As explained above, regulation is taking the driving seat for most governments interested in the technology. Ivan explained that 2019 will bring about more regulation in the space but for the benefit of the industry. Development of dynamic regulations will allow cooperation of traditional financial institutions with the rising blockchain companies. Governments that were previously set rules and regulations stiffening growth in the industry have eased their stance. They are treating the digital assets as an investment tool hence setting development friendly jurisdiction on the industry. “It will enable exchanges to work seamlessly with banks, including the use of bank transfers, as well as enter into agreements with legal entities.” This will allow investment opportunities in digital assets to be easily accessible across traditional markets. Market Consolidation With Classical Finance Institutions. The total sum of a clean regulate market in adoption and investment flowing into the cryptocurrency industry, according to Ivan. The CEO sees the trend of traditional finance corporations acquiring cryptocurrency companies becoming stronger as the market is cleansed. Other companies may well fall off or liquidate. He wrote, “We expect that these trends will lead to consolidation of the market (by mergers and acquisitions), and perhaps even to bankruptcies (the sensational story of the WEX exchange can be taken as a prime example).” Furthermore, as the profits from ICOs diminish and the crazy market of impulsively investing in tokens, cryptocurrency companies are focusing on offering IPOs. This will allow companies to raise capital through equity and gain the shareholder's trust too. The reasons above do not exhaust the possibilities the dynamic nature cryptocurrencies will show in 2019. Ivan predicts an increase in liquidity of the crypto market, an increase in adoption rates across the globe, the development of new cryptocurrency compatible tools and a massive inflow of capital investments from traditional institutions. With the bear market expected on the stock market this year, cryptocurrencies may well benefit.
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EXMO Cofounder Predicts Increased Crypto Liquidity, Falling Stock Markets in 2019

Co-founder of cryptocurrency exchange EXMO Ivan Petukhovsky has predicted that 2019 will be characterized by bearish stock market movements and increased interest in cryptocurrency, leading to enhanced crypto liquidity. In an article published earlier today on the official EXMO blog, Petukhovsky predicted that “garbage assets” in the cryptocurrency market will disappear, and deployment of comprehensive regulations will boost the popularity of crypto assets. According to him, the ongoing bear market which started in 2018 is a period for “purification” as the market gets rid of scam coins and crypto projects with no genuine utility or innovation. He believes that once this phase ends sometime this year, ICO fundraising markets will recover, driven by enhanced investor confidence in the high-quality digital assets left surviving. Combined with bearish equity markets which he expects to last for most of 2019, this will lead to an influx of investment into crypto assets, ultimately resulting in enhanced liquidity and bull movements. Development of Regulatory Frameworks Petukhovsky predicts that 2019 will also herald the long-awaited entry of institutional investment into the cryptocurrency market, as legacy financial institutions and cryptocurrency companies collaborate increasingly. According to him, the regulatory hostility that has previously dogged crypto is already starting to dissipate as regulators increasingly see the asset class as an investment opportunity that should be regulated, rather than a threat to be assessed and contained. In his assessment, a number of regulators in important financial jurisdictions are already starting to come round to this point of view. An excerpt from the post reads: “We have received a clear signal from the regulatory authorities of various countries, including the SEC, stating that the cryptocurrency markets and the ICO should be regulated. This trend will only increase with the development of the industry.” The development of positive cryptocurrency regulation in his view will then lead to increased interoperability of crypto and fiat financial networks in 2019. International regulatory standards he says will provide an opportunity for financial institutions and crypto companies to feed off each other’s potential, whether in terms of leveraging established financial infrastructure on in gaining investment exposure to crypto assets. Market Consolidation and Liquidity Growth Petukhovsky also believes that 2019 will see a rash of mergers and bankruptcies within the cryptosphere as companies adapt to a new reality which does not have the promise of outsized profits or easy access to capital as there was during the ICO mania era. Some big players, he suggests, will step into fiat capital markets through IPOs in order to access capital. He believes that the removal of poor projects from the crypto market and the entry of legacy capital through acquisitions and traditional shareholdings will lead to an unprecedented situation where heightened investment interest will be juxtaposed by a newfound understanding of blockchain and cryptocurrency as a tool of the future, instead of a get-rich-quick scheme, as some have seen it in the past. Summing up his thoughts on the year ahead he says: Due to the trends described above, we predict an increase in the liquidity of the market of crypto active assets, their wider penetration among the broad masses of the population and the inflow of institutional capital in the form of investments, as well as the emergence of new crypto tools secured by real assets. Similarly, the fall in stock markets encourages many investors to enter the crypto market, the collapse in traditional markets is forcing investors to take profits and look for new investment opportunities. The post EXMO Cofounder Predicts Increased Crypto Liquidity, Falling Stock Markets in 2019 appeared first on Coingape.
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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.

Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.

David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
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David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
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Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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