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CBOE and Bitcoin-ETF, OTC from Binance, project from FCA

01/25/2019
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  • SEC_Bitcoin-ETF
News list

CBOE Exchange withdrew a request for Bitcoin-ETF from the SEC, an over-the-counter OTC platform from Binance was launched. FCA instructions for cryptocurrency has been published.

CBOE Chicago Exchange Returns Bitcoin-ETF Recognition Statement

A request from VanEck, SolidX and the CBOE exchange for the right to trade with bitcoin-ETF contact has been withdrawn. This is stated in the message of one of the leaders of the SEC Eduardo Alemán. The Securities Commission twice postponed the consideration of this issue, and the final verdict should be delivered on February 27.

However, the Chicago Stock Exchange decided not to wait for this deadline, and itself withdrew the application. There are no official comments for the reasons for this step. But some experts believe that this was done because of the predetermined decision. The SEC is not yet ready to agree to trade contracts Bitcoin ETF. A representative of VanEck said that the application was withdrawn temporarily. The fact is that because of the pause in the work of the American government, the Commission is also forced to postpone its activities. And VanEck, SolidX and CBOE decided not to exert pressure on it.

Why story about SEC and Bitcoin-ETF has no answer

Binance Launches OTC Cryptocurrency Platform

Binance, one of the largest cryptocurrency exchanges, is launching its platform for over-the-counter trading in digital financial assets. It will not support fiat money, and is intended for trading exceptionally large contracts. The minimum order size is equivalent to 20 BTC.

There is no order book on the newly created OTC platform, and execution will take place at the same price. It is expected that the new service will attract institutional investors to the trading of cryptocurrencies. In total there will be 80 tools available. Earlier, such trading platforms have already created Bittrex and Poloniex exchanges.

FCA has published a draft guide to trading cryptocurrency assets

The British Financial Supervision Authority has published a draft guide on handling digital financial assets. All of them are divided into three categories, with a special approach being applied to each.

Cryptocurrencies themselves are called inappropriate under the definition of "special investments" tools, as long as they are not recognized by legal means of payment. At the same time, tokens-actions fell under this definition. They can be classified as financial instruments. A special place in the FSA document is given for stablecoins. They were found to correspond to the concept of "electronic money", because their rate is rigidly tied to fiat money, and the value itself is provided by reserve assets.

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LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

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All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, France, North Korea, Sudan and Syria.

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