Kraken to expand services to stocks and ETFs
US-based crypto exchange Kraken has announced plans to expand its products with intention to expand globally too.
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin Bitcoin Cash, Ethereum, and Ripple — have gone down -7.87% in aggregate. Out of the aforementioned five, Ethereum gave investors the best daily return; it was down 4.08%, and now stands at around $311 USD. As for the worst performing crypto out of the Big Five, yesterday that was Litecoin; it came in at down 13.08%, and is now near $114 USD. Out of the five coins observed here, none cryptocurrencies were up — which indicates a wave of bearishness befell the sector as a whole as a whole.
XRP, Litecoin and Bitcoin Cash had especially unusual moves, in the sense that they were much larger than the normal daily trading range of each of those respective currencies. What caused these moves might be worthy of further investigation. Traders may also wish to bear in mind the following events going on regarding current price patterns:
Buy Ethereum using a credit card
Ethereum had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 1% more transactions recorded than Ripple, which was the runner up for the day in terms of transactions recorded. Ethereum’s transaction fee was also greater than Ripple’s, suggesting consumers are opting for Ethereum in spite of its higher fees. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $116,683,832 occurred on Bitcoin Cash’s chain — an unusual development, as Bitcoin is typically the chain with the largest transaction.
US-based crypto exchange Kraken has announced plans to expand its products with intention to expand globally too.
An impending possible United States government shutdown could spell further delays in the cryptocurrency regulatory legislation.
Following the lawsuits against Binance from the SEC, the exchange and its CEO have filed a motion of dismissal.
Mt Gox has delayed the deadline to reimburse investors yet again, marking another year in a decade long delay.