Category Archives: Press Releases

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YFX.COM: The Decentralized Cross-Chain Perpetual Contract Exchange

YFX.COM

10th April, 2021, YFX.COM is one of the world’s first decentralized cross-chain perpetual contract exchanges. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without a central intermediary. YFX.COM does this by taking advantage of different protocols across the cryptocurrency landscape.

 

Blockchain Protocols

Through a culmination of blockchain protocols YFX.COM is allowing traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptocurrencies are now available to be traded across these blockchains: 

 

  • Ethereum
  • Tron
  • Binance Smart Chain
  • Heco
  • OKEx Chain
  • Polkadot. 

 

Through the advent of QIC-AMM, a state of the art protocol, YFX.COM provides high liquidity with low slippage for users of our ecosystem. QIC is an acronym for Quoted Index Price. QIC pulls quoted prices from centralized exchanges and traders can open and close positions with our first of a kind automatic market maker for derivatives. 

 

QIC is calculated through dynamic depth of indices, price quotation and constant integral. The depth of a transaction is correlated to the amount of liquidity of the market maker’s capital pool. This combination of protocols allows for YFX.COM to be an efficient leverage trading platform on the market.

 

No KYC or Gas Fee’s

Additionally, YFX.COM is able to achieve all of this without KYC and gas fees. As many traders know, gas fees have been a major issue lately. Eliminating gas fees gives YFX.COM another major advantage against all competition. The platform also allows for traders to trade efficiently and secure their profits without major loss from expensive network fees. 

 

YFX.COM has achieved nearly zero network fees through use of layer-2 [L2] scaling solution, xDai Chain. xDai Stable Chain is a side chain to Ethereum and is far more efficient than the ETH mainnet currently. The transactions are more convenient and the fees are a fraction of fees on ETH mainnet. 

 

1st Prize at Tron 2021 Global DeFi Hackathon

Last week YFX.COM won 1st Prize in the Tron 2021 Global DeFi Hackathon Developer Contest. This was a great achievement for YFX.COM and we’re thankful for this opportunity put on by the Tron Foundation and Justin Sun. YFX are committed to the blockchain space and look forward to participating in more events to help advance this industry. 

 

Genesis Mining II 

On April 6, the YFX.COM Genesis Mining II event began at 20:00 (UTC+8). The event will run through April 16 and is a competition for traders and miners to compete against others and earn YFX.COM tokens in the process [which are not available anywhere on the market]. Through just 12 hours of trading, volume has reached over $1 billion and our liquidity pool is over $10 million U.S. dollars which exceeds Uniswap’s activity. 

 

CertiK Audit Completed

Additionally, CertiK has recently completed their security audit of YFX.COM. Traders and users of our platform can rest assured that the protocols are up to standard as we’re committed to providing the best product for our base.

 

For more information about YFX.COM, please visithttps://yfx.com/index.html 

Follow YFX.COM on Twitterhttps://twitter.com/YFX_Defi 

Read about YFX .COM on Mediumhttps://yfxdefi.medium.com/ 

Join the Telegram grouphttps://t.me/YFX_EN 

 

Media Contact Details

Contact Name: Kivi Zhang

Contact Email: [email protected]

 

YFX.COM is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

 

The post YFX.COM: The Decentralized Cross-Chain Perpetual Contract Exchange appeared first on BitcoinNews.com.

Southampton FC Extend Partnership Deal with Blockchain Leader The Coingaming Group

Southampton Sportsbet

Bitcoin Press Release: Southampton Football Club extended its partnership with blockchain advocate Coingaming Group for 3 years, with a record breaking sponsorship deal. 


9th April, 2021, Tallinn, Estonia — Southampton Football Club is pleased to announce that it has agreed to extend its partnership with the Coingaming Group as Main Club Partner for a further three years in a deal that will see their brand, Sportsbet.io continue as the club’s front-of-shirt sponsor.


Bitcoin Bonuses 

The deal is the biggest sponsorship agreement in the club’s history and also includes the option for the club to be paid certain performance-based bonuses in Bitcoin at the end of each season, allowing the club the opportunity to take advantage of the new, high-growth currency if it feels it will bring significant future benefits.


Positive Community Impacts 

This partnership will allow Sportsbet.io to continue to build on the strong relationship it has built with the club and its supporters in the last year. Since becoming Main Club Partner in August 2020, when they stepped in at short notice to take over the front-of-shirt sponsorship, they have worked tirelessly with the club to create a positive impact in the local community and highlight the importance of safe betting – a duty they take extremely seriously.


This work has included their ‘Listen To The Saint In You’ campaign that was launched during Safer Gambling Week, linking up with a number of Saints players to encourage fans to consider the risks before placing a bet.


Southampton FC Chief Commercial Officer, David Thomas commented:


“The team at Sportsbet.io have built a successful business by challenging convention and disrupting the market, but in a responsible way, and their approach to our partnership with them has been no different.” 


“In a short timeframe they’ve proven to be innovative, forward thinking and extremely supportive of the club, our fans and the wider community, and we’ve welcomed the opportunity to develop and promote safe gambling messages together. As such they have become valued partners and we look forward to the next chapter together”


Sportsbet have also played a key role in the club’s launch of the Positive Impact Pledge, which enabled start-ups and entrepreneurs to apply for grants to help launch their businesses during the Covid-19 pandemic.


Raising Awareness Through Philanthropy 

Most recently Sportsbet.io also donated their shirt sponsorship to the Saints Foundation for the Premier League match against Burnley to help drive awareness of the Foundation’s fundraising efforts as they aim to raise vital funds lost due to the pandemic. This gesture alone helped the Foundation raise thousands of pounds on the day, a figure that was topped up by Sportsbet.io, who very generously donated an additional £10k.

 

CEO of the Coingaming Group Maarja Pärt, added:

 

“Our first season as Southampton FC’s Main Club Partner has already exceeded all expectations. We’ve been inspired by the passion of the club and its fans, and it was an easy decision for us to extend our partnership with the Saints for another three years.”

“From the beginning, Southampton have been a perfect match for the fun, fast and fair way we do things at Sportsbet.io. We can’t wait to continue this journey with the Saints, and we’ll be doing everything we can to support the team and its community into the future.”


Following their short notice appointment as the front-of-shirt sponsor for Southampton FC, Sportsbet have impressed with the hugely positive impact that they have had on the brand and its community. As a result, the Premier League team are happy to extend its partnership with the blockchain innovator until at least 2024


For more information about Sportsbet.io, please visithttps://sportsbet.io/

Learn more about Coingaminghttp://coingaming.io/


Media Contact Details

Contact Email: [email protected]


Sportsbet is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

The post Southampton FC Extend Partnership Deal with Blockchain Leader The Coingaming Group appeared first on BitcoinNews.com.

Lien Protocol Brings Crypto-Native Options to Binance Smart Chain

Lien Protocol

12th March 2021, Lien Finance, a decentralized platform on Ethereum, uses blockchain technology and smart contracts to create varieties of options out of ETH including call options, put options, and exotic options such as the butterfly option. Users are able to fine-tune their positions according to their own risk appetite by creating and selling options.

This functionality is now available on Binance Smart Chain (BSC). Users will now be able to create options using Binance Coin (BNB).

Why Lien Chose BSC

Lien’s key objective is to develop a genuinely decentralized stablecoin & options protocol that is censorship-resistant. This first targeted goal was achieved by launching Lien Protocol on Ethereum and introducing the iDOL stablecoin, as well as various ETH options. The project is building a layer 2 solution using zk-Rollup, which will allow scaling of Lien while maintaining Ethereum level security.

According to Lien’s team:  

“The technological developments fundamentally progress the Lien project forward towards our ultimate goal of creating a truly decentralized stablecoin and option protocol. We are always looking for innovative ways to increase the user base of crypto-native options, specifically, DeFi option users.” 

The history of derivatives in legacy finance gives us a hint of what is to come in decentralized finance (DeFi).

The team added: 

“When derivatives were first introduced in finance, they were cutting edge financial instruments. Some thought they were scammy; some thought they were a breakthrough in finance. As awareness grew and the public caught on, the use of derivatives exploded.” 

The derivatives market is much larger than the underlying market. Lien is willing to do more by way of experimentation to develop and bring new products to the derivatives market. 

As a result of this experimentation, the team concluded that releasing Lien Protocol on BSC would be one of the best ways to achieve this objective.

BSC features such as low transaction fees and high throughput can allow casual use, a wide selection of wrapped assets, an active user base, compatibility with Ethereum contracts and ERC20 tokens, and an optimal user experience. These are just some of the many reasons Lien’s team chose BSC.

The aforementioned features, as well as the low-cost environment found on BSC, makes the DeFi space accessible for users that were priced out of Ethereum-based DeFi products.

Alpha Version of Lien on BSC in Q1 2021

The company will launch an alpha version of Lien Protocol on BSC in Q1 2021. This will include features such as BNB-based call options and Butterfly options. The contract will be based on Certik’s audited code, deployed to Ethereum.

 

As per the Lien Token spokesperson: 

“In Q2 of 2021, we plan to release an upgraded version with additional functionalities and options for other tokens.”

In addition, Binance Lien will be released on BSC, which will allow the Lien token to be used within the BSC ecosystem.

Media Contact:

Email: [email protected]

Visit the website: http://lien.finance/

Follow Lien on Twitter: https://twitter.com/lienfinance

Join the community on Telegram: https://t.me/lien_finance

Stay in touch via Discord: https://discord.gg/asaFbQQ

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Venture Capital Fund Yolo Invests in Digital Marketing Specialists eCartic

Yolo Investments

 

Bitcoin Press Release: Tallinn-based venture capital fund Yolo Investments has announced a new investment in digital marketing company eCartic. 

 

18th February 2021, Tallinn, Estonia – Venture capital fund Yolo Investments has made a significant investment into digital marketing specialists and venture hub eCartic.The Estonian-based investment is a global B2B partner for disruptive companies within the eCommerce value-chain. It successfully scales across a number of verticals, turning ideas into products by using its expertise in digital marketing and branding. It also builds and markets B2C products and services. 

 

One such product, BlufVPN®️, is fast establishing itself as an innovative leader within the competitive virtual private network (VPN) market and is fast-tracked to become the number one online security product in Europe by 2025.

 

Tim Heath, GP at Yolo Investments, stated:

 

“We were hugely impressed by the level of digital marketing know-how in the eCartic team. This type of expertise is all-too-often the difference between success and failure when it comes to launching new products. Teaming up with eCartic via this strategic startup investment will not only help supercharge the company’s growth, but also adds great value to the Yolo ecosystem.”

 

Miko Salo, CEO at eCartic, said: 

 

“We knew that Yolo Investments would be the catalyst our ambitious plans needed from the very first conversation we had. The seven figure investment allows us to expedite the parallel scaling of multiple ventures, all of which provide synergies not only to each other but also support the existing Yolo ecosystem with clear added value. We look forward to creating a universe of opportunities together as eCartic and Yolo Investments.”

 

About Yolo Investments

Yolo Investments is a venture capital fund that invests in truly outstanding people with bright ideas, who are focused on innovating and disrupting the norm in all manner of tech startups. Led by Tim Heath, Yolo’s 40+ investments span the gaming and fintech industries.

 

About eCartic

eCartic is a global B2B partner for ambitious companies in eCommerce. As well as owning its own brands, eCartic partners with customers to add value via its marketing platform and other technologies. With the entire value-chain from idea to execution connected, eCartic has all the bases covered when it comes to eCommerce and digital marketing solutions.

 

Learn more about Yolo Investmentshttps://yolo.io

 

Media Contact Details

Contact Email: [email protected]

 

Yolo Investments is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

The post Venture Capital Fund Yolo Invests in Digital Marketing Specialists eCartic appeared first on BitcoinNews.com.

Sportsbet.io Launches Exclusive 360° Cryptocurrency Backed VR Video Experience to Redefine Home Sports Entertainment 

Sportsbet VR

Bitcoin Press Release: Sportsbet.io and Southampton FC redefine home sports entertainment with 360° Videos using cutting edge VR Technology.

 

10th February 2021, Tallinn, Estonia: As part of their club partnerships with Southampton FC, cryptocurrency sportsbook Sportsbet.io have created a new VIP experience that uses virtual reality (VR) technology to recreate the magic of matchday, at home. Viewers can now watch full 360° videos of exclusive football content straight from their mobile devices, as a part of the innovative new initiative. 

 

Redefining VR with Cryptocurrency

The creative concept aims to leverage Sportsbet.io’s matchday rights with the Saints to engage football fans, and educate them about cryptocurrency. As part of the initiative, participating influencers are provided with a Bitcoin value which they can use to create their own unique VIP experience, like a stadium tour with a club legend or a front-row seat at the training ground.

 

Sportsbet.io are using their football partnerships to redefine the fan experience by combining cutting-edge technology with their cryptocurrency expertise, delivering exclusive experiences that reward Southampton’s large global fanbase and Sportsbet.io customers. The initiative is a demonstration of Sportsbet.io’s constant drive to innovate and the sportsbook believes that the role of cryptocurrency in sport is only going to increase.

 

The first Virtual Reality experience was delivered in December 2020 ahead of Southampton FC’s home fixture against Manchester City, and featured a tour of St Mary’s stadium with Saints legends Franny Benali and Matthew Le Tisser, as well as a penalty masterclass with Le Tissier. More activity is due throughout 2021, with the potential to further expand the experiences on offer across their club sponsorships.

 

Tim Heath, Founder of the Coingaming Group, stated: 

 

We think cryptocurrency has a big future in football and we’re right behind it. Alongside fan experiences like this, we’ve just seen the first Bitcoin transfer take place where a footballer was purchased using cryptocurrency and signed for DUX Internacional de Madrid, and earlier this year NFL pro footballer Russell Okung said he’s getting his salary in Bitcoin. We’re likely to see more of the same – from clubs finding new ways to engage with fans on a match day to the way business is done at the top of the game.”

 

Bringing The Game Home

The initiative was developed by Sportsbet.io’s PR agency Fuse in response to the Covid-19 pandemic, working as a digital solution to activating matchday rights in a behind-closed-doors environment. Production of the 360 live content and immersive storytelling was delivered by award winning VR & AR agency East City Films

 

The content is delivered to influencers using the Pico neo2 headset by Pico Interactive, who specialise in providing VR solutions for business in the USA, Canada, Europe, Africa, and Asia. The unique 360° Video content is available on the official Sportsbet YouTube Channel, and requires no VR headset or additional tech to view. 

 

Southampton Football Club’s Chief Commercial Officer, David Thomas, commented: 

 

“As a club our digital approach has always looked to redefine the content status-quo and we were excited at the shared values between ourselves and the Sportsbet.io team. The work that is currently ongoing is a pleasure to be involved with and we want to ensure as many of our fans are experiencing that St Mary’s nostalgia as possible. We cannot wait for the full return of our fans but in the meantime, Sportsbet.io have found an innovative way to ensure our club and fans can stay connected.”

 

Sportsbet have long been known as pioneers for cryptocurrency and its potential use-case in the sporting industry. From long-standing support for cryptocurrency adoption to its work with with Premier League teams Southampton FC and Arsenal FC, Sportsbet has been a leader in the education of cryptocurrency through sport. With this new cutting-edge VR technology, viewers can continue on the Sportsbet journey through the new full 360° content available on Sportsbet.io’s YouTube channel.

 

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience. 

 

Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content. 


As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry. 

 

For more information about Sportsbet.io, please visithttps://sportsbet.io/

Learn more about Coingaminghttp://coingaming.io/

View the full 360° content on Sportsbet.io’s YouTube channel  – https://youtube.com/c/Sportsbet-io

 

Media Contact Details

Contact Email: [email protected]

 

Sportsbet is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Sportsbet.io Launches Exclusive 360° Cryptocurrency Backed VR Video Experience to Redefine Home Sports Entertainment  appeared first on BitcoinNews.com.

Blockchain Banking Platform Quantocoin Announces IEO and Utility Token Listing on Exchanges

Quantocoin IEO

Bitcoin Press Release: Blockchain Bank Quantocoin has launched its utility token, and IEO on leading exchange LAToken, with more token listings soon to follow in 2021.

 

February 1st 2021, Gibraltar – Quantocoin is a blockchain bank that will offer all the benefits of a traditional bank but without any of the drawbacks. The company is launching its native Utility token on leading exchange LAToken, after the final round of its IEO is complete. The QTCT token sale is staggered over 3 rounds, with the first round now extended until the 7th of February, and the last round finishing on March 30th, 2021,

 

What is Quantocoin?

Quantocoin is a blockchain bank focused on offering a solution to mainstream banking problems, whilst still offering all of the benefits associated with traditional banks. The Quantocoin blockchain banking platform and mobile app are set to launch in Q2 2021. Both will utilize blockchain smart contracts to do away with slow transaction times and high processing fees but still provide traditional offerings such as fraud security, and new technologies like Bio-ID verification. 

 

A Blockchain Bank Of The Future

Quantocoin will offer faster transaction times, less administration requirements and a lower cost than traditional banks. Quantocoin is also focused on security and has streamlined traditional AML and compliance procedures using fast, secure and more affordable blockchain technology. 

In striving to blend all of the best aspects of traditional banking with the benefits of blockchain, QTC will offer a broad range of features. Quantocoin will provide great banking features such as Insurance protection, Credit, Payment Deferral, Remittances, and Unlimited international transfers, all of which will greatly benefit global businesses. 

Individuals and blockchain enthusiasts will benefit equally though, with evolved features like spending cashback, (up to 30%) Crypto and fiat currency exchange and advanced asset management. Users will be able to receive funds, send money, make payments and even trade, all with cryptocurrency and fiat. The platform will also offer reward and loyalty programs to benefit loyal users. 

The Quantocoin mission is to become the bank of the future, by offering the security, stability and other options offered by traditional banks but without the delays, paperwork and high costs. Quantocoin will be integrated into the Quantopay platform in Q2, 2021. 

 

What is Quantopay? 

Quantopay is a one-stop fintech solution into which the Quantocoin blockchain application will be integrated. Quantopay offers users a very competitive fee structure and savings on transfers/online shopping when using the payment card at any ATM in the world. Cashback and other offers will also be available for users of the new Visa card, which also launches in Q2, 2021.

 

Quantocoin Ambassadors 

Quantocoin was an early pioneer for blockchain technology, and made history in 2018 when it purchased a 25% ownership of Italian Serie C football club Rimini FC 1912 with cryptocurrency. 

Quantocoin has deep roots in the footballing world through selected famous soccer legends, affiliated loyally to us for over three years. Quantocoin is also a pioneer for using blockchain smart contracts to tackle corruption in football. 

 

Quantocoin co-founder Victor Pablo Dana stated:

“At Quantocoin we were early adopters of blockchain technology, using smart contracts in the sports industry to avoid hidden commissions and to bring transparency. We were also an early pioneer of offering partial wages in cryptocurrency and one of the first to acquire a sports team with crypto.”

 

IEO on LAToken

Following the successful ICO in 2018 and the past three years technical developments of the QuantoPay and Quantocoin platforms. The company are proud to announce the QTCT Utility token IEO on LAToken exchange. Quantocoin also plans to have its token listed on various other leading exchanges throughout 2021 and beyond.  

The IEO is running from January 15th to March 30th, 2021 and offers participants the chance to invest in the innovative projects development and secure QTCT tokens before they become listed on more exchanges later in 2021. 

 

IEO Details 

Token: Quantocoin (QTCt)

Price: 1QTC = 22 USD, (round 1) 33 USD, (round 2) 44 USD (round 3)

Max token supply: 65,000,000

Soft Cap: 5,000,000 USD

Hard Cap: 45,000,000 USD

No of tokens for sale: 20,000,000

Start & Finish date: January 15th, 2021 –  March 30, 2021

Currencies: USDT, EURO, BTC, ETH

 

The first round of the IEO has been extended for 1 week and will not finish on the 30th of January but the 7th of February, giving participants a whole extra week to but QCTC at the cheapest rate of $22 USD. Join the ongoing Initial QTCT token IEO on LAToken exchange to be part of a future with low fees, seamless transactions, smart contract-backed security and other great benefits. 

 

Learn more about Quantocoin –  www.quantocoin.io

Participate in the QTCT IEO – https://latoken.com/ieo/QTCT

Learn more about out Quantopay – https://quantopay.com/

Follow Quantocoin on Twitterhttps://twitter.com/quantocoin

Find Quantocoin on Facebookhttps://www.facebook.com/qtcdto/

Meet the team on Linkedinhttps://www.linkedin.com/company/quantocoin/

Join the Quantocoin Telegram – https://t.me/QTCcoin

 

Media Contact Details

Contact Name: Laura Schwarz

Contact Email: [email protected]

 

Quantocoin is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Blockchain Banking Platform Quantocoin Announces IEO and Utility Token Listing on Exchanges appeared first on BitcoinNews.com.

CPH Crypto Offers Total Trading Flexibility with New Mobile App for iOS and Android

Bitcoin Press Release: Publicly-listed Scandinavian discount crypto exchange CPH Crypto launches its mobile trader apps, now available on Google Play/Android and App Store/iOS platforms.

  

4th January 2021, Copenhagen – Just a couple of weeks ago CPH Crypto, a leading Scandinavian deep-discount crypto exchange, announced margin trading 10x on crypto spot as its latest service. The company is proud to announce that traders can now onboard as clients and conduct all trading activities via CPH Crypto’s new mobile Trader App now available as Android and iOS platforms.  

  

CPH Crypto Trader APP for Flexible Trading  

The new trader app enables clients to start trading after just a couple of minutes of registration and onboarding. The CPH Crypto Trader App allows users to trade all the most popular cryptocurrencies and pairs, swiftly deposit, transfer, and withdraw bitcoin and USD anytime.

 

CPH Crypto’s CEO, Jan Andersen describes the recent progress, stating: 

   

“We have come a long way in only a few months since the launch of CPH Crypto webtrader in September. Margin trading on crypto spot was successfully launched just recently, and now our apps are ready. We know that this is extremely important for our clients because it offers them total trading flexibility. They can do everything on the smartphone and use the mobile trading apps like their usual desktop trading.” 

  

Unlimited Trading For Just 39 USD/Month

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.

 

CEO Jan Andersen explains: 

  

In the traditional stock and FX trading market competition has driven down fees to a low  level over the last decade. The same needs to happen in the crypto space, but we want it to go faster, and that’s why we launched our discount concept in September.”  

 

Dominant Trading Platforms Up to 13X More Expensive 

Recent calculations clearly document that some of the biggest crypto trading platforms are as much as 13 times more expensive for active crypto traders to use than CPH Crypto. 

 

To obtain a complete view of a particular broker’s or exchange’s trading fees, individuals need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.  

 

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – enabling them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.

 

Unique Crypto Deposit Insurance 

Jan Andersen underlines that CPH Crypto offers the same services and features as the leading international trading platforms, stating:

 

“We offer margin trading 10x on crypto spot, deep streaming institutional level of liquidity and market depts, realtime quotes, tight spreads and genuine best execution standards. And from today our mobile apps are available too,” 

 

Jan continues: 

 

In addition to all this, CPH Crypto offers exceptionally low fees; and another unique feature is our crypto deposit insurance, which together with the low fees makes CHP Crypto a truly unique player on the crypto trading market.” 

 

What the insurance does is to guarantee all the clients’ deposits in cryptocurrencies, which means, for instance, that in the unlikely case of a hack of the trading platform, all the clients’ deposits in cryptocurrencies will be insured. To prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples.  

Anyone can download the CPH Crypto Trader App now on Google Play or iOS and take advantage of some of the lowest fees in the industry. 

  

To Learn more visit the CPH Crypto –  www.cphcrypto.com

Follow CPH Crypto on Twitterhttps://twitter.com/cph_crypto

Find CPH Crypto on Facebookhttps://www.facebook.com/cphcrypto

 

Media Contact Details

Contact Name: Jan Andersen

Contact Email: [email protected]

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post CPH Crypto Offers Total Trading Flexibility with New Mobile App for iOS and Android appeared first on BitcoinNews.com.

Dominant Trading Platforms Charge Traders up to 13 Times more than CPH Crypto 

Bitcoin Press Release: Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new Scandinavian exchange CPH Crypto.  

 

16th December 2020, Copenhagen, Denmark – Every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit. 

 

Lack of competition and transparency prevents traders to profit. The problem is simple: Up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.  

 

The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.  

 

Immediate Disruption of Fee Structures 

“Eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,”

 

says CEO Jan Andersen, CPH Crypto, who continues:

 

“Our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH Crypto has decided to drive down the fees immediately.” 

 

Watch out for Hidden Fees 

To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.  

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.  

 

Extreme Price Differences up to 1,249% 

In order to prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples. Four major platforms are Binance, Kraken, Coinbase Pro and eToro, and the examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:  

 

By 1,000 USD Per Month  

  • Cheapest platform: CPH Crypto with fees in total: 0.6 USD 
  • Most expensive platform: Coinbase Pro with fees in total: 5.0 USD 
  • Difference 4.4 USD / 733% 

 

By 10,000 USD Per Month 

  • Cheapest platform: CPH Crypto with fees in total: 6 USD 
  • Most expensive platform: eToro with fees in total: 37.5 USD 
  • Difference: 31.5 USD / 525% 

 

By 200,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 79 USD 
  • Most expensive platform: eToro with fees in total: 750 USD 
  • Difference: 671 USD / 849% 

 

By 500,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 139 USD 
  • Most expensive platform: eToro with fees in total: 1,875 USD 
  • Difference 1,736 USD / 1,249% 

(Numbers collected in Q2, 2020. Please see this page for more information)

 

“All-in-one” Fixed Fee. Unlimited Trading for 39 USD/Month 

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. per transaction for single trading.   

 

To learn more, visit the CPH Crypto website: https://cphcrypto.com/

 

Media Contact Details

Contact Name: Jan Andersen

Contact Number: +45 4060 3239

Contact Email: [email protected]

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

The post Dominant Trading Platforms Charge Traders up to 13 Times more than CPH Crypto  appeared first on BitcoinNews.com.

Yolo Investments Firm Makes First Portfolio Exit with 5.8x ROI

Investment firm

15th December 2020, Tallinn, EstoniaGaming venture capital firm Yolo Investments (formerly known as Vereeni Investments) exited its investment in Estonia-based online gaming and sports betting operator Coolbet for an impressive 5.8x return. The acquisition of Coolbet by GAN Limited marks the first start-to-exit investment in Yolo’s portfolio.

General Partner and Founder of Yolo Investments Tim Heath said: 

“This is a very significant milestone for all of us at Yolo. It makes us especially proud to have been the early investors for Coolbet, back when we started Vereeni Investments in 2017.”

The funds will be used to reinvest in Yolo’s growing investment portfolio, which spans 46 investments across four funds focused on fintech, gaming and live casino, as well as other related products and services.

Tim continued

“We wish all the best for Coolbet as it takes things to new heights with GAN, and look forward to achieving similar results with the rest of our portfolio, of which many are increasing significantly in valuation.” 

About Yolo Investments

Yolo Investments is a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech. Based in Estonia, Yolo’s mission is to invest in outstanding people with bright ideas, who are focused on innovating and disrupting the norm in all manner of tech startups. 

Founded in 2017 by Tim Heath as Vereeni Investments, Yolo has created a thriving ecosystem with ventures across a variety of industries, including fintech, gambling, media, software development, crypto and blockchain-related companies. 

Learn more about Yolo Investmentshttps://yolo.io

 

Media Contact Details

Contact Email: [email protected]

Yolo is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all

The post Yolo Investments Firm Makes First Portfolio Exit with 5.8x ROI appeared first on BitcoinNews.com.

The World’s First HashRate-standardized Mining Platform BitFuFu Launches on December 15th, 2020

Standardized mining

BitFuFu will launch the world’s first HashRate-standardized mining platform on 15th of December 2020, representing a huge evolution in the industry.  

15th December 2020, New York, NY – BitFuFu, the first HashRate-standardized mining platform in the world will provide users with HashRate-standardized cloud mining product services, and enable users to buy BTC with one-click ordering. 

 

Through Chaos Comes Order

Today the cloud mining industry is piled up with service providers, and a huge variety of platforms. Pricing of HashRate contracts varies from platform to platform, and users are plagued by multiple variables. 

Although somewhat developed over the last several years, the industry is still unable to provide direct service for the user’s core demand – “mining out”. The industry is in urgent need of standardization of mining output, transparent measurement, but the current “standardization” only lies in the “draft”, or “slogan”

 

Standardization – A Must for Commodity Trading 

For users, commodity standardization avoids cluttered conditions and multiple variable factors and only requires attention to commodity price changes. Commodity standardization enhances the transparency of commodity prices, creates industry standards, reduces information asymmetry between trading parties, and increases industry openness. Similarly, the standardization of HashRate as an abstract digital commodity after the creation of Bitcoin is the way to go for better circulation in the future.  

 

Standardization of HashRate: A Mining Industry Breakthrough

Right now the core inspection index of mining machine output, (energy consumption, or J/T)

is the only indicator of product standardization. However the energy efficiency ratio (J/T) of each brand and model of mining machine currently on the market all vary. 

BitFuFu is the first concept of standardization of mining HashRate, with multiple models of mining series equipment proportioned into a unified standard power consumption (energy efficiency ratio) BitFuFu’s different models are made with similar energy efficiency ratios through its efficient HashRate allocation center, to become standardized products with 30, 40 and 50 power consumption series of HashRate. 

This allows users to focus solely on the energy efficiency ratio of each series to trade, rather than multiple factors. BitFuFu standardized products of HashRate will represent an effective breakthrough for the mining industry. 

Users will be able to intuitively make calculations and selections for mining output. This will bring more efficient trading and liquidity of HashRate products will promote the healthy development of the industry, and all involved in it. 

 

Cloud Mining Capabilities

The BitFuFu platform also has all the generic advantages of a cloud computing platform, including:

  • Transparency of mining output. 
  • The experience of the industry’s most top mining pools output directly to the user’s wallet, with real mining.
  • Flexibility of HashRate selection 
  • A choice of packages with a minimum of 10T of the strongest computing power in different series
  • Ultra-low thresholds; Security of purchase and lease 
  • Use of equipment from leading mining machine manufacturers

 

BitFuFu Launch With 50BTC Discount Package

The platform will be launched to promote the 30/40/50 series mining products, covering star 

mining machines such as S19pro, S19 and M30S in the market. Preferential activities include: 

  • Free mining, start with one click  
  • All registered users can receive a free “$ yuan for 10T” product, and experience the BitFuFu platform’s standardized product with real mining power with just $2. 
  • 50% discount on the 50 series 20T*3 days package. 

 

Additionally the most significant discount on the “30 series” products include Ant Mining Machine S19Pro model, S19 model and other mining machine models will be made on the day of platform launch, so stay tuned.

 

Join The Community to Enjoy Greater Discounts 

Interested parties can join the official BitFuFu global community now to take advantage of a special offer on 40 series HashRate products. Everyone can be a miner, and make money by inviting others to BitFuFu for rewards. The maximum reward for inviting friends is 5% and there is no upper limit for a single reward. 

 

Learn more about BitFuFu – http://www.bitfufu.com

Follow BitFuFu on Twitter  – https://twitter.com/BitFuFu1

 

Media Contact Details

Contact Name: Doris Yu

Contact Email: [email protected]

BitFuFu is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

The post The World’s First HashRate-standardized Mining Platform BitFuFu Launches on December 15th, 2020 appeared first on BitcoinNews.com.