• KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, is launching the first-ever $ARB token liquidity pools, liquidity mining campaigns, and trading campaigns on the Arbitrum Chain.
• Liquidity providers will have more earning opportunities by adding liquidity to the $ARB pools and participating in KyberSwap’s liquidity mining programs.
• KyberSwap is introducing new 2% and 5% fee tiers with these highly anticipated yield farms.
KyberSwap Announces First Ever $ARB Token Liquidity Pools
KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, has announced the launch of the first-ever $ARB token liquidity pools on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.
Liquidity Mining Programs
With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap. The following ARB pools are eligible for liquidity mining rewards:
• ARB-ETH (2%)
• Apr ARB-ETH (5%)
• ARB-USDT (2%)
• ARB-USDT (2%)
• ARB-KNC (5%)
An estimated total of 70,000 KNC has been allocated as reward incentives.*Incentives may continue after the designation duration is over; to be confirmed at a later date.
New Fee Tiers
KyberSwap is introducing new 2% and 5% fee tiers with these highly anticipated yield farms which offer greater flexibility for traders on their platform. This move comes with increased interest in DeFi protocols that offer high returns with minimal risks – both of which are present when using KyberSwap’s services.
$ARB Airdrop
The Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token called $ARB as part of its transition on March 16th 2021. This airdrop was set to be one of the biggest airdrop in crypto history and went live on 23 March 2021. Eligible users who bridged from other protocols such as Kyberswap were able to receive this token through an Airdrop process initiated by Arbitrum itself .
Conclusion
The launch of these Liquidity pools along with other features such as Airdrops are expected to increase user engagement within arbitrums ecosystem while also allowing traders access to enhanced trading capabilities through Kyberswaps platform . With increased demand for DeFi protocols offering higher returns , these features could prove invaluable for both experienced traders or those just starting out in cryptocurrency investing .
In recent years, cryptocurrency trading has been a popular method of investing. Bitcoin is the most widely-used and well-known cryptocurrency. Bitcoin Secret allows users to trade Bitcoins and other cryptocurrency using sophisticated algorithms. We will be reviewing Bitcoin Secret to determine if it is legitimate or fraudulent.
What is the Bitcoin Secret?
Bitcoin Secret is an automated trading platform which uses advanced algorithms to trade Bitcoins and other cryptocurrencies for its users. It claims to have a success ratio of more than 90% and is easy to use. Bitcoin Secret is completely free and requires only a deposit in order to trade.
What is the secret to it?
Bitcoin Secret employs advanced algorithms to analyze cryptocurrency markets and make profit for its users. It uses machine learning and artificial intelligence to analyze market data to identify patterns that could be used to make profit. Bitcoin Secret’s algorithms are highly efficient and accurate, which allows the platform to execute trades quickly and efficiently.
The benefits of Bitcoin Secret
Bitcoin Secret’s main benefit is its automated trading platform. Users don’t need any trading experience in order to use it. It is easy to use and user-friendly, making it accessible to a broad range of users. Bitcoin Secret’s other benefit is its free use. Users can trade without paying any fees.
The drawbacks of Bitcoin Secret
Bitcoin Secret is an automated trading platform. This means that users have no control over their trades. Bitcoin Secret’s algorithms automatically make trades, so users can’t choose what trades they want to make and when. Bitcoin Secret is still a new platform and may not have as many users as other trading platforms.
How to Use Bitcoin Secrets?
It is simple and easy to use Bitcoin Secret. These are the steps you need to follow in order to use the platform.
Steps to get started using Bitcoin Secret
Register to create an account at the Bitcoin Secret website
Use one of the accepted payment options to make a deposit into your account
You can set your trading parameters such as how much you want to invest per trade, and how many trades per day.
Trade immediately
How to Create a Bitcoin Secret Account
It is easy and free to create an account at Bitcoin Secret. Visit the Bitcoin Secret website, and click the „Register” button. The registration process will ask you to enter some basic information such as your name, email address, and gender. After you’ve registered, you can access the Bitcoin Secret platform.
How to deposit Bitcoin Secret
Bitcoin Secret accepts many payment methods including bank transfers, credit/debit cards and e-wallets. Log in to your account, click the „Deposit” button and make a deposit. You can choose the payment method you prefer and make a deposit.
Bitcoin Secret: How to Withdraw Money
Simply log in to Bitcoin Secret and click the „Withdraw“ button. You can choose the payment method you prefer and withdraw your funds.
Is Bitcoin Secret a Scam or Legitimate?
Bitcoin Secret is a legit trading platform and has been successfully used by many people to make lucrative trades. Positive reviews and testimonials have been left about the platform, which is not a sign that it is fraudulent. There are risks associated with investing in any platform. Users should be cautious.
Overview of Bitcoin Secret’s Legitimacy
Bitcoin Secret is a legal trading platform and is licensed and regulated. It is open about fees and charges and the algorithms used by the platform are highly precise and efficient.
Bitcoin Secret testimonials and reviews
Bitcoin Secret has received many positive testimonials and reviews from users who praise the platform’s ease-of-use and profitability. Users have reported significant profits from the platform.
Comparative analysis with other cryptocurrency trading platforms
Bitcoin Secret is a new trading platform but has established a reputation for being reliable and profit-oriented. It is more accurate and efficient than other cryptocurrency trading platforms.
Bitcoin Secret could be a fraud
There is no evidence that Bitcoin Secret is fraudulent. There are risks associated with investing in Bitcoin Secret, so users should be cautious when using it.
Bitcoin Secret Features and Benefits
Bitcoin Secret is a popular choice for cryptocurrency traders due to its many benefits and features.
The key features of Bitcoin Secret
Automated trading algorithms
High accuracy and efficiency
Platform that is user-friendly
Use it free of charge
Bitcoin Secret has many advantages over other platforms
High success rate
Platform that is user-friendly
Use it free of charge
How Bitcoin Secret protects privacy and security
Bitcoin Secret employs advanced security measures to protect funds and data. To protect users‘ data and funds, the platform uses SSL encryption.
Bitcoin Secret Trading Strategies
These are some tips and techniques for trading Bitcoin Secret.
Secret tips and tricks to trade on Bitcoin
As you get more familiar with the platform, start small and increase your investment gradually.
To ensure profitable trades, you need to set your trading parameters carefully
To identify patterns and trends that could be used to profitably trade, monitor the market.
The Secret to Maximizing Profits on Bitcoin
To maximize your profits, you should use the platform regularly and consistently
Be realistic about your profit goals and keep to them
Diversify your investments in order to reduce risk
Avoid these common mistakes while trading Bitcoin Secret
Too much money being invested too fast
Failure to carefully set trading parameters
Failure to closely monitor the market
Bitcoin Secret Customer Support
Bitcoin Secret offers a variety of customer support options that can help users with any questions or issues they might have.
Overview of Bitcoin Secret’s customer service
Bitcoin Secret offers 24/7 customer support via live chat and email. A comprehensive FAQ section provides answers to most common questions.
Contacting Bitcoin Secret customer support
Bitcoin Secret customer support can be reached via email or live chat. A comprehensive FAQ section provides answers to most common questions.
Bitcoin Secret customer support is quick and effective.
Bitcoin Secret’s customer service team is responsive and efficient, with most questions being answered within a few hours.
Bitcoin Secret Account Management
It is easy to manage your Bitcoin Secret account.
How to manage your Bitcoin Secret Account
Log in to Bitcoin Secret and navigate to the account settings section. You can edit your personal information, change your password and manage your trading parameters from this section.
Bitcoin Secret allows you to set preferences and settings
Bitcoin Secret lets users customize their trading parameters such as the amount they wish to invest per trade, maximum trades per day and stop loss/take profit levels.
How to close your Bitcoin Secret Account
Contact the customer service team by email or live chat to close your Bitcoin Secret account.
Bitcoin Secret Fees & Charges
Bitcoin Secret has a variety of fees and charges that are intended to cover the cost of using the platform.
Overview of Bitcoin Secret’s fees & charges
Bitcoin Secret charges a small commission for each trade. This is a percentage from the profit earned. A small withdrawal fee is also charged by the platform. This fee varies depending on how you pay.
Secret method to calculate Bitcoin fees
Bitcoin Secret fees are automatically calculated and deducted from each trade’s profits.
Comparison of Bitcoin Secret’s fees to other trading platforms
Bitcoin Secret charges are comparable to other cryptocurrency trading platforms.
Conclusion
Bitcoin Secret is a legal trading platform that uses sophisticated algorithms to trade Bitcoin and other cryptocurrency. It is easy to use and user-friendly, with a high success rate. Although there are some risks, the platform is reliable and profitable for cryptocurrency traders.
FAQs
Bitcoin Secret is safe to be used? It uses advanced security measures that protect funds and data.
How much deposit is required to trade on Bitcoin Secret?
250 is the minimum deposit needed to trade on Bitcoin Secret.
What is the best way to earn Bitcoin Secret?
Bitcoin Secret’s earnings depend on many factors such as how much you have invested and how successful the platform is.
What is the time it takes to process a Bitcoin Secret withdrawal?
Within 24 hours, Bitcoin Secret allows you to withdraw funds.
Can I use Bitcoin Secret with my mobile phone?
Yes, Bitcoin Secret works with mobile devices.
Are there hidden fees for Bitcoin Secret?
Bitcoin Secret doesn’t charge hidden fees.
How can I make sure that Bitcoin Secret isn’t a scam?
Bitcoin Secret is a legit trading platform and has been successfully used by many people to make lucrative trades. Positive reviews and testimonials have been left about the platform, which is not a sign that it is fraudulent.
Which payment methods can be accepted at Bitcoin Secret?
Bitcoin Secret accepts many payment methods including bank transfers, credit/debit cards and e-wallets.
Can I trade other cryptocurrencies than Bitcoin on Bitcoin Secret
Yes, Bitcoin Secret lets users trade a variety of cryptocurrencies.
• CryptoUnity is a Slovenian start-up building a beginner-focused crypto exchange.
• It has an user-friendly interface and comprehensive educational resources to make the world of cryptocurrency more accessible.
• The CryptoUnity ecosystem is powered by the CUT token which offers holders many different benefits.
User-Friendly Interface
CryptoUnity is targeting beginners in the crypto ecosystem with its user-friendly interface and comprehensive educational resources. The exchange doesn’t hold its users‘ funds but stores them with an independent, highly regulated custodian. This helps ensure that users funds are safe while they learn more about cryptocurrencies.
Security Measures
In addition to its user-friendly nature, CryptoUnity also places a focus on security in the crypto space. The crypto exchange has implemented cold wallet storage with an NFC card, providing its users with a secure way of storing funds. Its partnership with Lenovo also serves as a positive for the company, as it demonstrates transparency in the system. Furthermore, CryptoUnity has passed audits by QuilAudits and CertiK, receiving a CertiK KYC Gold badge for their high level of transparency and accountability.
The CUT Token
The CUT token powers the CryptoUnity ecosystem and has a total supply of one billion tokens. Holding this token gives users access to lower fees as well as other loyalty programs and further education opportunities such as presales for legitimate ICOs. Additional utility cases are expected to be available on the platform soon, along with other benefits such as holder rewards and advantages on giveaways.
Conclusion
CryptoUnity seeks to close the gap for beginners trying to navigate through the crypto space by providing them with user-friendly tools, comprehensive educational resources, and security measures backed up by partnerships like Lenovo’s. Holders of their CUT token also get to enjoy various benefits such as discounts on fees and exclusive access to presales events among others making it easier for beginners to get started in the crypto world
• HT, Huobi’s native token, experienced a 90% drop in price on Thursday.
• Over $2 million worth of HT tokens were sold prior to the crash.
• Justin Sun is the largest holder of HT tokens and has created a $100 million liquidity fund for those affected by the leveraged liquidation.
HT Price Crash
HT, the native token of Huobi Exchange, crashed by over 90% on Thursday dropping from $4.6 to $0.31 in just 10 minutes. Although the price has since recovered, it was trading at $3.81 21% down from its original value 24 hours later.
Cause of Crash
Transaction data from Kaiko’s research analyst Riyad Carey revealed that more than $2 million HT tokens were sold on Huobi prior to the crash. The largest holder of HT being Tron’s founder Justin Sun who was also reported to have moved $60 million in USDT from Huobi to Aave during this time period as well.
Justin Sun’s Response
Justin Sun commented that few users triggered a cascade of forced liquidations in both spot and HT contract markets which caused this momentary drop in price and he assured the community that Huobi operations are safe and secure. He also announced that he will be creating a liquidity fund worth $100 million USDC stablecoin for those impacted by these leveraged liquidations.
TRX Price Drop
Coincidentally, when HT dropped by 90%, Tron’s token TRX dropped 12% from its original value 0f$0.057 going down to 0$.066 within minutes as well leading many people to speculate if there is any correlation between these two events or not however nothing has been confirmed yet about this matter until now.
Conclusion
Although the cause behind this sudden drop remains unknown it can be assumed that due to some large transactions taking place during this time period one or more traders were forced into liquidations causing a domino effect which eventually led to an abrupt decrease in price of not only HT but TRX as well but both prices have since recovered back up again till then nothing can be said with certainty about what caused this incident until further investigations take place regarding this matter
• Silvergate Capital stock crashed 50% on Thursday due to delayed submission of its annual 10-K report and JPMorgan downgrading it to underweight.
• Silvergate Capital is now down 65% versus its year-to-date high and facing an existential crisis following the FTX fiasco in early November.
• Coinbase also announced today that it had stopped payments to or from the crypto bank and Canaccord Genuity also downgraded Silvergate stock with a price target of $9.0 a share.
Delayed Submission of Annual 10-K Report
Silvergate Capital Corp (NYSE: SI) was cut nearly in half this morning after it delayed the submission of its annual 10-K report. On Tuesday, Silvergate Capital said in a filing with the U.S. Securities and Exchange Commission (SEC): The Company is evaluating its ability to continue as a going concern [and] is in the process of reevaluating its businesses and strategies in light of the business and regulatory challenges it currently faces. The lender also confirmed that it had to offload more assets than expected over the past two months, which could weigh on its capital ratio.
JPMorgan Downgrades Stock
Also on Thursday, JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges. In its latest reported quarter, Silvergate Capital had $1 billion loss due to short sellers contributing to a “bank run” with large deposit outflows than anticipated in Q4.
Canaccord Genuity Downgrades Stock
Analysts at Canaccord Genuity also downgraded Silvergate stock on Thursday and trimmed their price target o $9.0 a share. The crypto bank is now facing an existential crisis following the FTX fiasco in early November, pushing their stock 65% lower compared to their year-to-date high mark before today’s crash.
Coinbase Stops Payments To/From Crypto Bank
Coinbase also announced today that it had stopped payments to or from Silvergate Bank due to liquidity concerns surrounding them since their last earnings call late February 2023 reporting large deposit outflows than anticipated for Q4 2023 earnings report..
Summary
To summarize, Silvergate Capital Corporation’s stock has been cut nearly half after they delayed submitting their 10k report while JPMorgan analyst Steven Alexopoulos downgraded their stock further citing liquidity issues leading up to huge deposit outflows than expected in Q4 2023 earnings report causing an existential crisis for them resulting in their stock dropping by 65%. Analysts at Canaccord Genuity also downgraded their stock trimming their price target o $9 per share while Coinbase stopped all payments associated with this crypto bank leaving them vulnerable against short sellers and other market forces beyond any control currently possesed by them as they attempt to stay afloat during this challenging environment
• Bitcoin supply on exchanges has dropped to the lowest level since 2017.
• The trend of Bitcoins leaving exchanges began in March 2020, when crypto bottomed ahead of the pandemic bull run.
• The current exodus is likely due to fears over security and transparency, heightened after FTX collapsed.
Bitcoin Supply on Exchanges Lowest Since 2017 Bull Market Peak
The balance of Bitcoins on exchanges is now down to 2.27 million, the lowest mark since March 2018. This is 11.8% of the overall Bitcoin supply – the lowest mark since December 2017, when Bitcoin skyrocketed past $20,000 for the first time ever.
Why Are Bitcoins Leaving Exchanges?
The exodus from exchanges began in earnest in March 2020 when crypto bottomed out ahead of the pandemic bull run. People pulled Bitcoin to participate in a vibrant crypto ecosystem with high volumes and activity and much scope for yield. Even as volumes and interest have fallen since then, this pattern of Bitcoin fleeing exchanges has continued – albeit for different reasons. It appears that people are heeding the old warning „not your keys, not your coins“ and taking their funds off centralized platforms out of fear over security and transparency following FTX’s collapse.
What Does This Mean For Crypto?
It’s difficult to say what this will mean for crypto long-term as it could be indicative of a withdrawal from markets or just a temporary shift in preference towards private wallets and decentralized finance (DeFi). However, it could be argued that it shows an increasing level of maturity within the industry – people are more aware than ever before about where they keep their assets, especially following such visible cases like FTX’s failure highlighted above.
Is There Any Risk?
While there is no immediate risk posed by Bitcoins leaving exchanges (aside from increased user responsibility), one potential problem could arise if there is a sudden surge in demand for buying cryptocurrency but no coins available on major exchanges to satisfy it – something which may become increasingly likely as more coins move into wallets away from trading platforms.
Conclusion
All things considered, this ongoing exodus should be seen as a positive sign – people are becoming savvier about keeping their cryptocurrencies safe & secure while also showing faith in digital assets as an investment asset class that can offer great returns without sacrificing safety or privacy concerns associated with traditional financial services platforms
• Blockchain company NvirWorld and World Vision NGO have signed a business agreement to develop a transparent and reliable donation system using blockchain technology.
• This patented technology allows for transactions and payments in places without network connection or natural disasters, creating an equal and free economic system.
• NvirWorld has been conducting public-interest donation campaigns with blockchain technology since its foundation, and will donate all profits from NVIRGALLERY’s solo exhibition to relief efforts in Turkey & Syria.
NvirWorld & World Vision Sign MOU
NvirWorld – a blockchain technology innovation company – and World Vision – a non-governmental organization (NGO) for international relief and development, have signed a business agreement at the World Vision Korea headquarters. The MOU with the world’s largest NGO aims to develop a transparent and healthy donation culture using NvirWorld’s self-developed blockchain patent technology.
Transactions Without Network Connection
This patented technology enables transactions and payments in places without network connection or natural disasters such as earthquakes happened this month on the 6th in Turkey and Syria. Through this patented technology, it is expected that payments and transactions can be made even without an internet connection or when a disaster happens. The technology also provides a foundation for anyone to enjoy economic benefits equally and freely, even in situations where opening a bank account is difficult, creating transparency within the donation system by operating more donation campaigns that are free and fair.
Public-Interest Donation Campaigns
NvirWorld, which is specialized in blockchain has been operating public-interest donation campaigns based on blockchain technology since its foundation to spread the positive effects of blockchain. Through various CSR activities, such as the UNICEF International Children’s Fund campaign for children in Afghanistan and Haiti, the Dokdo NFT donation campaign, and the Myanmar campaign, they have donated a total of $146,144.
Solo Exhibition At NVIRGALLERY
Meanwhile, NvirWorld announced that it will donate all the profits from the exhibition sale of media artist Lee Lee Nam’s solo exhibition „조우: Encounter“ currently being held at NVIRGALLERY in Gangnam District South Korea to support emergency relief efforts in Turkey & Syria which are suffering due to earthquake on 6th February 2023 .
Conclusion This MOU between NvirlWorld & World Vision will help create an efficient donationsystem while also providing transparency within it through their use of patenttechnology. It is also noteworthy that they are donating all proceeds fromLee Lee Nam’s solo exhibition “조우 : Encounter” at NVIRGALLERYto support emergency relief efforts for those affected by earthquakesin Turkey & Syria
• SEC ruling on BUSD has been challenged by Truflation CEO, Stefan Rust.
• The move came after Paxos, the US-regulated issuer of the stablecoin, was ordered to stop minting new BUSD by the New York Department of Financial Services (NYDFS).
• Rust believes that the SEC’s action against Paxos is politically influenced and does not make sense legally.
SEC Ruling on BUSD Challenged
The US Securities and Exchange Commission (SEC) has recently called into question the Binance USD (BUSD) stablecoin issued by Paxos, a US-regulated company. However, Stefan Rust, CEO of Truflation and former CEO of Bitcoin.com, believes there is a political angle to this action and it makes no sense legally.
Paxos Ordered to Cease Issuing New Tokens
In response to the SEC’s ruling about BUSD being a security, the New York Department of Financial Services (NYDFS) ordered Paxos to cease issuing new tokens. In response to this order, Paxos announced it would terminate its relationship with Binance but maintain that BUSD is not a security. The company also said it would litigate against the SEC as far as possible.
Potential Political Influence
Rust believes that there could be some political influence behind this decision as trading volumes for USDC – which is favored by major financial institutions like BlackRock – have been dwindling in comparison to USDT and BUSD over recent months. He suggests that this may have triggered an unfavorable reaction from certain groups within the US government or economy.
Binance Continues Support for BUSD
Despite these developments, Binance has decided to continue supporting their own stablecoin, saying it would look at alternatives as a new main trading pair instead of USDC if necessary. This demonstrates their commitment to making sure their customers are able to access their services using a variety of digital assets without disruption or limitation due to regulatory decisions outside of their control.
Truflation CEO Remains Critical
Despite these measures taken by both companies involved in this matter, Rust remains critical about the SEC’s ruling and its potential implications for cryptocurrency users in general. He stresses that any decision which limits people’s ability to access digital assets should be carefully considered before being implemented so as not to stifle innovation and progress within this growing industry sector unnecessarily or unduly restrict access for law-abiding citizens worldwide who may wish use cryptocurrencies responsibly and ethically.
• DCG, the parent company of Grayscale Bitcoin Trust, has filed for bankruptcy due to its connection with crypto platform Genesis.
• As a result, DCG has begun selling off its crypto holdings at distressed prices.
• The market appears to have priced this in already but there could be more twists and turns in the future.
DCG Files Bankruptcy Following Genesis Implosion
Digital Currency Group (DCG), the parent company of Grayscale Bitcoin Trust, has filed for bankruptcy following the implosion of crypto platform Genesis. This is causing ripples across the crypto space as investors become concerned about contagion and how interconnected firms are within the industry.
DCG Selling Crypto Assets at Distressed Prices
In response to their financial difficulties, DCG has started selling off their crypto assets at discounted prices in order to raise capital. This is causing further concern among investors as it raises questions about how much reserve Bitcoin is backing up Grayscale’s holdings and whether or not these sales will affect its performance going forward.
Grayscale Refuses to Provide Assurance on Reserves
Grayscale declined requests from investors for proof of reserves held by GBTC, citing security concerns as the reason why they cannot make such information publicly available through a cryptographic Proof-of-Reserve or other advanced cryptographic accounting procedure.
Market Appears To Have Priced In Contagion Risk
So far, it appears that the market has already priced in some of this risk associated with DCG’s bankruptcy as GBTC continues to trade at a sizeable discount compared to its net asset value despite these announcements. It remains unclear what will happen next and if there will be any further complications because of this situation.
Conclusion
The reverberations of Genesis‘ bankruptcy continue to ripple through the industry with DCG now selling off assets at distressed prices in order to stay afloat. While it appears that investors have already accounted for some potential contagion risk associated with this situation, there could still be more twists and turns ahead that could potentially cause further disruption in the markets.
• HSBC is exploring its options of venturing into the crypto market by posting crypto-related job openings on its career page.
• The move comes as peers have already launched crypto products in recent years and is a change of pace for HSBC, which has been vocal against cryptocurrencies.
• Shares of the largest European Bank ended slightly down on Tuesday despite the announcement.
HSBC Exploring Crypto Market
HSBC Holdings plc was in focus today on reports that the largest European bank was now ready to venture into cryptocurrencies. On Tuesday, HSBC listed a job opening on its career page confirming that it was looking for a „Product Director“ to supervise tokenization use cases.
Crypto Landscape Evolving Quickly
Because digital assets is a new topic and strategic & risk appetite considerations are evolving quickly, Head of Tokenization will be required to make complex business and project decisions that contribute to a high value, strategic initiative. HSBC is also looking for a suitable candidate to fill in the role of Product Manager for digital assets as well, which suggests that it wants to offer a broad set of services within the crypto niche.
Peers Have Already Launched Products
HSBC isn’t the only one in big banks that’s considering dipping its toe in the crypto market. Peers like JPMorgan Chase & Co have already launched crypto-related products in recent years.
HSBC’s CEO Vocal Against Cryptocurrencies
Just months ago, HSBC’s CEO Noel Quinn was reported saying that HSBC will not rush into cryptocurrencies. Despite this announcement shares of HSBC Holdings plc ended slightly down today which were up more than 15% year-to-date before this news came out.
Conclusion
The filing with job openings shows how serious banking institutions are getting when it comes to cryptocurrency investments and projects they are pursuing even though there may still be some resistance from higher management levels inside these companies due to lack of knowledge or lack of interest towards this technology at present time.
