Crypto Exchange Coinbase Shuts Down Index Fund Due To Lack Of Interest

News | October 15, 2018 By:

Cryptocurrency exchange Coinbase is shutting down its crypto index fund product by the end of the month due to weak interest from investors.

The Coinbase Index Fund, which was announced in March of this year, was designed to give accredited US investors easy access to the crypto market by offering them an index that represents a basket of the exchange’s listed assets.


Crypto Exchange Bithumb Sells Stake To Singapore-Based Blockchain Investment Firm For $354M USD

News | October 12, 2018 By:

South Korean cryptocurrency exchange Bithumb has reportedly sold over 38 percent of its equity to Singapore-based BK Global Consortium for 400 billion won ($354 USD).

BK Global Consortium, a blockchain investment firm led by plastic surgeon Kim Byung-gun, signed a deal on Thursday to purchase 50 percent plus one share from BTC Korea Holdings,


Brazil’s Largest Independent Broker Planning To Enter The Crypto Market

News | September 24, 2018 By:

Grupo XP, the owner of XP Investimentos, Brazil’s largest independent broker, is planning to set up a cryptocurrency exchange platform by the end of the year.

Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, said that the company will launch a trading platform called XDEX in the coming months that will initially support trading in bitcoin and ethereum.


Crypto Exchange Kraken Denies Office Closure Rumor

News | September 6, 2018 By:

Cryptocurrency exchange Kraken has denied rumors that it is shutting down its service center in Canada.

On Thursday, a Reddit user posted a thread claiming that Kraken is closing its branch in Halifax, Canada in response to a security breach.

“Kraken Currency exchange in Halifax unit 102 at 60 Highfield park drive has just laid off hundreds of people In response to a security breech and theres currently a giant commotion happening up there and private security all over the place escorting people off the premises after making them sign voluntary quit forms,”