Which is the largest derivatives exchange in the world? - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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“Bitcoin had its most coins (over 10,000 BTC) moving off exchanges since September 7th, and crypto’s top market cap asset is making a second run at crossing a $28,000 market value. Utility will be important here, as unique addresses have fallen to six-week lows.” SHIB Price Prediction: Further Retracement Toward $0.000005 Which is the largest derivatives exchange in the world?Texas miner Riot Platforms racked up $31.7 million in power and demand response credits from the state’s electricity operator in August. Daily chart for ETC/USDT (Source: TradingView)

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Source: AdobeStock / CanvaLeading global cryptocurrency exchange Gemini has taken significant steps in its Indian expansion strategy by hiring Sachin Ranglani, a former senior vice-president of product management at fintech giant Paytm, as the head of operations for its Indian subsidiary.Sachin Ranglani brings a wealth of experience from his tenure at Paytm, where he worked for approximately three years. Prior to his role at Paytm, Ranglani held positions at well-known tech companies, including Uber, Amazon, and Infosys. In September, he assumed the position of Vice President and India Head at Gemini, as indicated on his LinkedIn profile.This strategic move by Gemini aligns with its earlier announcement of expanding its engineering center to India's Gurgaon city, located near the national capital, Delhi. The company's global chief technology officer, Pravjit Tiwana, revealed in September that the Indian engineering center would play a pivotal role in driving Gemini's growth in the years ahead.Gemini's entry into the Indian market follows a $24 million investment aimed at strengthening its presence and operations in the country. With Sachin Ranglani at the helm of its Indian subsidiary, Gemini is poised to make significant strides in the Indian cryptocurrency space.Gemini's Gurgaon Branch is set to Expand, Aiming for Over 100 Staff by 2023 and 200 by 2024Gemini's Gurgaon branch, currently employing over 70 professionals, is set to expand significantly, with plans to exceed 100 staff members by the end of 2023. This figure is expected to grow to 200 by the close of 2024, according to Pravjit Tiwana, the company's global chief technology officer.The exchange is actively seeking individuals for various roles, including software engineers, technical product managers, people operations, and talent acquisition staff, as well as finance, support, and compliance positions.The Gurgaon team plays a crucial role in compliance, data pipelines, warehousing, security, and payments. Sachin Ranglani, in his capacity as head of operations, will lead this team, overseeing the execution of Gemini's go-to-market strategy, establishing vital relationships with stakeholders, and driving user growth in India.This strategic move further underscores Gemini's commitment to establishing a solid foothold in the rapidly evolving Indian cryptocurrency market.On its website, Gemini says:"We have deep respect and admiration for India's tradition of engineering excellence and view India as a hotbed for bar-raising technology talent." They also added that "Our Gurgaon office will be the second largest Gemini engineering hub behind the United States and complement our existing offices in the United States, the United Kingdom, Ireland, and Singapore." Gemini Makes Strategic INR 200 Crore Investment in Indian Market ExpansionIn a significant move toward market expansion, global cryptocurrency exchange Gemini has announced plans to invest INR 200 crore (approximately $24 million) over the next two years in the Indian market. While the exchange is not launching its products in India at this time, it is closely monitoring the regulatory landscape in the country. Gemini believes that India will play a pivotal role in creating an innovative ecosystem for the broader Web3 and crypto communities.The newly established Gurgaon office will be integral to the company's global engineering, design, and operations. It will contribute significantly to the development of products and services for customers across more than 70 countries. Sachin Ranglani, known for his extensive experience in developing and launching new products and features for Paytm's vast user base of over 350 million, will lead the Gemini Gurgaon office.Gemini's substantial investment in its India engineering center underscores the company's dedication to innovation and growth. The Gurgaon team is poised to play a crucial role in realizing Gemini's vision of becoming the world's most trusted and reliable cryptocurrency exchange.Pro-Crypto Advocate RFK Jr. Shifts to Independent Presidential Campaign – What Does That Mean for The Industry? Bitmain's other activities BlackRock CEO Touts Next Big Thing in CryptoAWS Choice Award: NeoWizard A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” Zhao and three other Binance executives following a probe into financial pyramid schemes in Brazil.On Oct. 10, the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without approval. In the report, the committee — led by Deputy Ricardo Silva — claimed that Binance, Zhao and others “set up an opaque network of legal entities, all controlled directly or indirectly by Zhao, without defined business purpose and with no other purpose than evading compliance with the law.”The report also recommended the indictment of 45 other people, citing “strong evidence” of alleged participation in criminal schemes, with those named linked to multiple crypto companies, including the travel firm 123milhas, the crypto scheme 18K Ronaldinho and others. The Binance CEO stands accused of multiple financial crimes. Source: Chamber of Deputies of BrazilSilva wrote that with Binance being accused of regulatory noncompliance in numerous other jurisdictions, in Brazil, Binance’s operations were “surrounded by suspicion.” The committee recommended the Federal Public Ministry launch an investigation into all of Binance’s Brazil-based operations with a specific focus on tax evasion, money laundering and the financing of organized crime and terrorism.Additionally, the committee recommended Brazil’s Securities and Exchange Commission (CVM) launch an investigation into Binance’s sale of derivatives products. The committee claimed that despite being told to cease derivatives products trading, Binance continued to offer them, which constituted a “repeated violation” of market regulations. Binance is already under investigation by the CVM for allegedly illegally offering derivative products in the country.The committee’s recommendations are not legally binding and are suggestions to local authorities. Police and other regulatory bodies will decide whether or not to move ahead with further action.Binance told Cointelegraph that it “remained committed” to collaborating with the committee and local law enforcement in Brazil.Related: Brazilian securities regulator plans sandbox for tokenization in 2024Binance said while it welcomed constructive debate about the challenges facing the crypto industry, it “strongly rejects the exposure of our users or employees with baseless accusations of bad practices and the attempts to make Binance a target.”The regulatory hostility against Binance comes amid a broader crackdown on the exchange by authorities elsewhere.In the United States, Binance is staring down two separate lawsuits from the local commodities and securities regulators, which allege that Binance and its top executives violated numerous financial regulations.In July, Australia’s financial regulator searched Binance Australia’s offices after having its derivatives license stripped months prior. In May, Binance made an exit from Canada, citing the country’s new regulatory controls.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of ChainalysisCrypto advocates weigh on race for next US House Speaker

Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’Defending the Indefensible? Sam Bankman-Fried’s Lawyers Deserve Better One and a half years later, TerraUSD (UST) was publicly announced, with plans to launch on Ethereum and Solana. How to Buy USDT: The Complete GuidePlaying Video Games as a Metaverse Pioneer General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Nouns DAO is forking again

Starting Sept. 28, non-US retail traders can verify their eligibility for perpetual futures trading on Coinbase Advanced, with actual trading set to commence in the following weeks, the announcement said. Scalability: As more computers or nodes join a blockchain network, it can struggle to keep its performance top-notch. Because each node holds a duplicate of the whole blockchain, more data is copied as the network gets bigger, causing the system to lag and create bottlenecks. Is Binance safe?Creating a “scratchpad” MEV denotes the additional value that blockchain validators — those creating new blocks on the network — can acquire by manipulating the order of transactions within the blocks they produce. Entities called block builders on Ethereum capture the profits from MEV by determining the order of transactions and relaying it to Ethereum validators.

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