Exmo news

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

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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.

EXMO Cryptocurrency Exchange To Be Acquired By Canadian Firm

GoverMedia Plus Canada Corp., a Canadian publicly traded firm with a wholly owned Russian subsidiary that offers clients e-commerce, auctions, cryptocurrency related services and more, has signed a letter of intent (LOI) for the acquisition of EXMO cryptoassets exchange and trading platform, according to a news release by the firm on November 13, 2018. GoverMedia Signs LOI With EXMO Exchange...Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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GoverMedia Plus Canada Corp Voices Desire to Buy EXMO Cryptocurrency Exchange

A Canadian holding company called GoverMedia Plus Canada Corp has shown interest in purchasing EXMO. EXMO is presently one of the biggest cryptocurrency exchanges in Europe, and the Canadian holding company signed a Letter of Intent (LOI) with them already. For now, that letter will provide an opportunity for GoverMedia to negotiate, prohibiting other companies from interfering. CEO of GoverMedia, Roland Bopp, commented on this potential acquisition, saying, “I am very pleased to announce the intended business combination with EXMO one of the largest European cryptocurrency exchanges. This is a further step in the Company’s publicly announced strategic partnership. After the successful completion of the business combination, the company will have over 2.0 million active users and provides an excellent platform to further increase revenue and improve operating results in European, North American and Asian markets.” Based on the LOI, the companies have 180 days to negotiate the potential terms of the acquisition. When, or if, the agreement is made, then EXMO will be acquired by GoverMedia, though the company will be responsible for continuing EXMO’s business, according to a statement. The LOI dictates that both of the parties involved will be working to create a fair structure for the acquisition, complying with both the legal requirements and the applicable regulations. Furthermore, the statement says that one of the priorities for this agreement is that the solution is cost-effective for both sides. After the agreement is made, the final structure of the EXMO acquisition will outline an agreement between the companies. The new agreement is expected to include many issues that typically arise in these scenarios, like warranties, covenants, and more. CEO of EXMO, Sergey Zhdanov, spoke on the acquisition process, saying, “At EXMO, we see this combination as a perfect opportunity to strengthen our team and raise our influence on the universal cryptocurrency market.” He continued, adding, “We are very excited about this partnership because it provides us deeper insights for decision-making purposes and brings our clients best infrastructure and maximum security. This combination will assist us to achieve one of our main targets: becoming one of the most credible and reliable businesses on the crypto market.”
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Crypto News: Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News: February 20th, 2019 Elon ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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XRP, BTC and BNB Price Analysis and Prediction

XRP achieves  a high of $0.35499 BTC Targets $4000 level BNB gets over $10 level XRP/USD The rally by XRP in the last few days seemed to have gained momentum as the currency yet again achieved new highs, before tracing its way back to its current level of 0.3380 as of going to press. XRP managed to weather off the bearish engulfing at the dawn of 19th as the bulls managed to strike a price reversal on the upwards and pushed the currency price to a new high of 0.35499. This didn’t last for long though as the bears came calling and pulled the price down to a low of 0.32820. Later, a death cross pattern was formed when the 21 day MA crossed over the 7 day MA seemingly signaling that the price would fall down even further. True to this, the bears pulled the price further down to a low of 0.32363. XRP Forecast Looking at the Moving averages, it seems that an intertwining is imminent.The RSI is between 40 and 60, seemingly portraying that the currency is set to trade sideways. This scenario would be ideal for an intra-range strategy with support levels at 0.32363 and resistance at 0.3521. BTC/USD The price of BTC seems to be striving to achieve and outlive the 4000 territory. Even though there have been instances on the last 24 hours when the bears have pulled the priced below the 4000 mark, the price is currently above $3980 with its next target set for $4000. The RSI is at around 60 seemingly signifying that the price should be headed for consolidation before the next rally. The 7 day and 21 day MAs are also seemingly getting intertwined. This may portray that sideways trading may be in the offing. BTC Forecast The current scenario is ideal for range bound strategies that would set the resistance levels at 4050-4100 and support at 3950-4000. Traders can go long if the price bounces back from the support levels and go short if it pulls back from resistance levels. BNB/USD In the last couple of days, BNB has been experiencing bullish growth last seen in 2017 when it was launched. Currently, RSI levels are close to 70 seemingly portraying that the currency is at overbought levels. The 7 day MA is still maintaining a significant margin against the 21 day MA. Recent efforts by the bears to pull the price back below 10 have borne no fruit. As it is, the currency seems to find solid support at 10.50. BNB forecast Current candle stick formation seems to point to a rising wedge. This may mean that a breakout is imminent and the price may be pulled back. If a breakout occurs, traders can go short and put their support levels at 10.50. The post XRP, BTC and BNB Price Analysis and Prediction appeared first on ZyCrypto.

Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC. As a result, the regulator has been gracious enough to opt not to impose additional financial penalties on Gladius. The catch? Gladius has to offer refunds on all ICO tokens. Gladius Reports Itself to the SEC The settlement is similar to the agreement NEO reached with Chinese regulators. In the case of NEO, the token had already The post Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer appeared first on CCN

Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away”

Notorious billionaire and entrepreneur Elon Musk once again expressed his enthusiasm for cryptocurrency and blockchain technologies in the latest episode of ARK Invest’s FYI podcast: “On the Road to Full Autonomy With Elon Musk,” courtesy: bitcoin.com In an interview for Tasha Keeney, Musk pointed out several advantages that cryptocurrencies have over traditional fiat money. For Musk, the future of finance goes hand by hand with a global adoption of cryptocurrencies as a means of payment. Musk supported Jack Dorsey’s idea that Bitcoin could become the native currency of the internet. This notion, which he described as “interesting” has been shared by several influencers such as Tone Vays, Jimmy Song and Max Keiser, who consider that although altcoins have important uses, Bitcoin is the best candidate to become the equivalent of money 2.0. Elon Musk: Bitcoin is The Future… But We’re Not There Yet However, aware that there is still a long way to go for cryptocurrencies to replace fiat money, Musk commented that at the moment he does not plan to invest in developments related to this technology, or even experiment with its use in Tesla: “I think that the Bitcoin structure was quite brilliant, it seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Musk pointed out that one of the advantages of using crypto is precisely that it gives users the freedom to carry out financial transactions without the restrictions imposed by banks or government agencies. When Keeney commented that certain governments impose restrictions on some inhabitants, Musk pointed out precisely that the cryptos were born to combat this excessive control and that in the future, fiat money as we know it “is going away.” “It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper.” Musk has had a presence in the community for his optimistic statements and vision of the role blockchain technologies will play in the society of the future. Previously during the scams boom on Twitter, Musk jokingly commented  At this point, I want ETH even if it is a scam — Elon Musk (@elonmusk) August 28, 2018 The post Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away” appeared first on Ethereum World News.
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