Binance to Delist 4 Altcoins, Etoro Reduces Crypto Spreads: Exchanges Roundup
In recent news pertaining to cryptocurrency exchanges, Binance has revealed that it will delist bytecoin, chatcoin, iconomi and triggers next month, Etoro, meanwhile, has announced a “significant cut” in the spreads on cryptocurrency markets on its platform, and Glen Oaks Escrow has announced that it has partnered with Bitpay to support cryptocurrency payments.
Binance Delists BCN, CHAT, ICN and TRIG
Binance has announced that it will soon delist bytecoin (BCN), chatcoin (Chat), iconomi (ICN) and triggers (TRG). The announcement states that said altcoins have failed to meet the exchange’s criteria for continued support, including the commitment of a team to its project, the quality and level of development activity, network/smart contract stability, the level of public communication and activity, the responsivenes to periodic due diligence, whether a coin contributes to a healthy and sustainable crypto ecosystem, and whether a coin evidences unethical/fraudulent conduct.
Etoro Reduces Crypto Spreads
Etoro, an asset brokerage and social trading platform, has announced a significant cut in the spread on cryptoassets, describing the move as part of its ongoing efforts to increase awareness of the potential of crypto and blockchain broadly. The company claims that the spreads on BTC have been cut by more than half. The CEO of Etoro, Yoni Assia, said: We are also committed to raising awareness among investors of the potential offered by crypto and the blockchain technology that underpins it. This includes sponsorship, advertising, speaking at events and producing educational material. Yes, crypto is highly volatile and not appropriate for all investors, but we also believe that for many it can have a role to play as part of a diversified long-term portfolio.
Assia continued: Over and over again we see headlines announcing the end of crypto, yet in reality we continue to see interest in and demand for these assets. It has used this opportunity to engage with and educate regulators and participants across traditional finance services as to the opportunities offered by crypto and blockchain more broadly. The huge price rally at the end of 2017 brought crypto to the attention of the masses and thrust these infant tech companies into the spotlight. Since then prices have stabilized and the crypto industry has had the chance to catch its breath. At eToro, we welcome appropriate regulation for crypto and believe that it will accelerate mass adoption.
Glen Oaks Escrow to Back Crypto Payments Through Bitpay
Glen Oaks Escrow, has announced that it now supports cryptocurrencies under a new partnership with Bitpay. The company said that the increased prevalence of real estate listings that accept cryptocurrency as payment as the principal motivation behind the decision. The partnership will see Bitpay convert escrowed cryptocurrencies into cash, before wiring funds into escrow accounts, meaning that the seller in a transaction will not handle any cryptocurrencies.
Joe Curtis, Glen Oaks’ COO, said: Increasingly, blockchain and cryptocurrencies have the potential to become a bigger part of real estate transactions, and this is one step to be ahead of the curve and enable transactions to happen through this vehicle. It’s still a young technology in our space, but we are committed to being at the forefront to enable transactions in this way.