التصنيف: FinTech

Our software enables the integration of cutting-edge features into the crypto trading platform. Capitalize on the growing demand for cryptocurrency exchange platforms with our white-label Coinbase clone. We inherit the features and modules from Coinbase to reach the epitome of the crypto business. Combine the benefits of centralized and decentralized exchange platforms with our hybrid crypto https://www.xcritical.com/ exchange.

Seize the Opportunity to Start Your Own Crypto Exchange

With the help of HashCash Blockchain technologies, businesses can transfer assets in real-time for remittances, trade finance, payment processing, and other purposes. The firm operates BillBitcoins, a digital asset payment processor, and PayBito, a US-based exchange for digital assets. Additionally, they provide ICO services, exchange solutions, payment processor software, and specialized blockchain use case development. Through Blockchain initiatives and its investment division, Satoshi Angels, it promotes technological advancement. An American fintech company called AlphaPoint cryptocurrency exchange solution develops crypto trading engines and storage and trading solutions for digital assets. The company specializes in exchanging cryptocurrencies for fiat money and other digital assets through White Label technology.

What is White Label Cryptocurrency Exchange Software?

• Its platform is flexible, scalable, and customisable, with regulatory approvals and high-performance infrastructure.
• Even when you spend more, be ready because the developers will spend time studying architecture and the database for which they will charge a decent amount of money.
• The extremely flexible nature of our Whitelabel crypto exchange solution means that deciding on and launching your platform only takes a matter of days.
• Locally based operations give you better industry knowledge before extending globally.
• The AlphaPoint Digital Asset Exchange or APEX software is one of the best white-label cryptocurrency exchange solutions.
• Institutional-grade white label digital asset infrastructure to power the next generation of financial marketplaces, payment networks, and banking.

On average, WL platforms are quite secure, but users often become victims of phishing scams. Thus, the primary source of danger comes not from hacking attempts but from social engineering scams. Therefore, it is advisable to educate your employees and users on the possible dangers of phishing and other types of scams. HollaEx® is more than just a white-label exchange, it is an open-source crypto kit that connects your business to the blockchain world.

How the iPhone 16’s Cutting-Edge Features Will Transform Mobile App Development?

Tamta is a content writer based in Georgia with five years of experience covering global financial and crypto markets for news outlets, blockchain companies, and crypto businesses. With a background in higher education and a personal interest in crypto investing, she specializes in breaking down complex concepts into easy-to-understand information for new crypto investors. Tamta’s writing is both professional and relatable, ensuring her readers gain valuable insight and knowledge.

Go through the verification process as smoothly as possible with the in-built Know Your Customer system and UI. Adjust your users to complete as many levels as needed so that they can increase withdrawal limits/open advanced accounts. Bring automation to the process by connecting such solutions as SumSub or Identity Mind in order to avoid human labor in checking the documents. We offer unparalleled customizable user interfaces that allow them to design their platform the way they want. Before deployment, our testing team conducts a series of tests to ensure the exchange platform operates flawlessly and there are no security risks.

The cost of a white label crypto exchange can vary depending on factors such as required features, customization options, provider choice, and additional services or support. Research and compare quotes from different providers to obtain an accurate estimate based on your specific needs. A White Label approach enables the establishment of a cryptocurrency exchange business, simplifying the process of entry into the crypto market for new participants. After assessing the benefits offered by white label crypto exchanges, you need to determine if it is the best move for your business. In general, if you are looking to develop a unique crypto exchange that doesn’t share overlapping features with existing exchange-related functionalities, then building from scratch would best suit your needs.

HashCash offers white label Bitcoin and cryptocurrency exchange software solutions to enterprises lookingfor one stop exchange platform and cryptocurrency liquidity. Bitcoin, Bitcoin Cash, Litecoin, Bitcoin SV,Ethereum Classic, Ethereum, HCX are registered in PayBitoPro exchange with the option to add moreaggregators. The platform is ideated and operated by agroup of professionals with rich experience in Banking security systems, Cryptocurrency trading andBlockchain technology. Our cryptocurrency exchangeplatform offers some of the most attractive rates and world class security blanket.

This builds trust among users and regulators, which is crucial for the long-term growth and legitimacy of the cryptocurrency market. A white-label cryptocurrency exchange is a software program that lets crypto companies launch their very own cryptocurrency exchange platform without starting from scratch or taking on burdensome development costs. The decentralized environment offers endless possibilities, and more businesses are beginning to launch cryptocurrency trading and other Web 3.0 services.

Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with best in class companies across industry verticals; AlphaPoint’s white label technology solutions for unlocking digital asset liquidity are unparalleled. Its strong vision of chasing profitability over valuations makes it one of the best ROI-focused White Label Crypto Exchange Software Providers in 2024. It has 9+ years of experience delivering above-industry standards blockchain, NFT, Cryptocurrency, and cloud-first software solutions. The expertise of 1600+ tech experts at Appinventiv has garnered client partnerships from global business leaders in the USA, MENA, UK, Europe, Australia, and India. The impressive client success rate of the company recently won Deloitte’s Tech Fast 50 India Award 2023.

Given their multiple functionalities, blockchain integration plays a vital role in White Label Crypto exchanges due to their transparency and immutability. White-label solutions are cost-effective and optimal for small and mid-sized businesses. They feature the most popular tools, functionalities, robust security measures, and other handy capabilities that can give you a head start in the crypto exchange field.

In the case of Blockchain as a Service (BAAS), it offers a greater level of security, transparency, trust, and traceability, which are suitable for a wide range of business requirements and applications. Moreover, the company intends to create a White Label DEX that will be based on the White Label Exchange model. B2Broker company, actively mastering the market of financial services since 2014, today is one of the leading providers of technological fintech solutions and liquidity for Forex, cryptocurrencies, CFD, etc.

By issuing unique tokens for each session, we secure user actions and ensure that only authorized commands are executed. This protection safeguards your platform from unauthorized actions by authenticated users. Investment options with White Label Crypto exchange software include token staking, yield farming, future trading, margin trading, etc., which can bring in a large number of users. Leverage our Cryptocurrency exchange development solution to experience an array of use cases that play a vital role in business enlargement.

Shift Markets and Cryptio have joined forces to streamline the path for crypto businesses toward regulatory reporting compliance. A new generation of professional software that helps brokers and exchanges manage their customers, admins and IB-partners in one place. Totally adjustable and feature-rich trading platform with different widgets, unlimited workspaces, white/night mode and many more. The advanced user interface will satisfy even traders with the most sophisticated strategies.

Experience unmatched reliability and comprehensive support as you elevate your business to new heights. As discussed above, the white-label niche comes with many advantages that favour small and mid-sized businesses. Entering the crypto trading platform industry without a white-label service provider might be unfeasible with budgets that are below seven or eight figures. The in-house development salaries, digital and physical products alone will take you anywhere from $500,000 to $1,500,000.

Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services. The material on this website is for informational purposes only and we make no guarantees as to the accuracy or completeness of its content – it is subject to change, so please conduct your own due diligence. This website is free to use but we may receive commission from some of the merchants mentioned. A feature-rich matching engine developed by B2Broker for high-loaded exchanges with big number of clients. We use advanced solutions and the best opportunities in the industry to save brоkеrs’ time and mоnеy. It comprises several parts and different aspects that each business owner needs to take into consideration when getting started with this type of operation i.e.

These ready-to-deploy solutions bypass the lengthy development process allowing businesses to gain an early advantage in the market. It lets them launch their platform on the market and capitalize on opportunities more quickly. Cryptocurrency trade pair features enable the trading of a cryptocurrency for another or stablecoin on a crypto trading platform. 06 Integrate Crypto WalletIntegrate popular crypto wallet APIs with your exchange to provide your customers with hassle-free crypto trading experiences anytime. With our experts, building and launching from a cryptocurrency exchange with unique branding becomes an easy affair. Cross-platform CompatibilityOur pre-built crypto exchange solution can function seamlessly across various digital platform environments like web browsers and smartphones.

It is not a surprise that brands who adopt white-label solutions into their business, usually break even much quicker than traditional setups. White-label products or services are developed or pre-configured by a third party provider and are typically customized according to the retailer’s branding and logo. Users can easily initiate the exchange process with one click while looking at the data, like the conversion rate for the chosen pair of exchanges. Experience a seamless installation process, as straightforward as setting up a mainstream white label Bitcoin exchange. We protect against Server-Side Request Forgery (SSRF) attacks that target internal network vulnerabilities.

Our platform supports multiple payment gateways, offering users the convenience of transacting in both cryptocurrencies and fiat currencies. This integration simplifies the payment process, enabling quick and seamless transactions. Whether you’re depositing or withdrawing funds, our system ensures a smooth experience with various payment options. The practical process of adopting a white-label cryptocurrency exchange platform is quite simple. As a business, you must pinpoint the white-label provider of your choice, agree on terms and conditions and purchase the white-label solution with a subscription package. Once acquired, the admin panel will grant you access to adjustment privileges across the entire platform.

While STP brokers offer competitive pricing and access to liquidity, they may not provide the same level of transparency as ECN brokers. The global foreign exchange (forex) market is the largest and most actively traded financial market in the world. Dealing desk brokers or market makers usually provide fixed spreads.

In the complex financial landscape, brokers serve as essential guides, each specializing in different market territories. There are many scam brokers out there, so you need to be careful not to fall a victim to any of them. Chart patterns are one of the most effective trading tools for a trader.

Brokers by Country

For my forex experience, I have been working with brokers and trading for 5 years. Hope that you’ll enjoy my articles about all forex-related matters. The DJIA opened higher on Wednesday, up 0.2%, as traders test whether Tuesday’s crash was overdone. The market is now digesting the first time in history that a US Speaker of the House was voted out of office and how that will affect current budget talks. Anyone considering opening a forex account can research the available brokers through the NFA website or through Investopedia’s broker reviews.

If the NDD forex broker wants to earn a profit on every deal it facilitates, it will either levy a commission or expand the bid/offer spread. This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

What Types of Assets Can I Trade?

Gold price climbed toward $1,830 and erased its daily losses in the early American session on Wednesday. The benchmark 10-year US Treasury bond yield stays in the red below 4.8% following the disappointing ADP jobs data and supports XAU/USD. To close the trade, the trader sells the pair, which is equivalent to buying U.S. dollars with euros. For more details about the categories considered when rating brokers and our process, read our full methodology.

Day traders also execute frequent trades on an intraday timeframe. While their routine will not be as fast-paced as a scalper’s, day traders will similarly close all positions before the end of the trading day, so as not to hold any overnight. This means trades are not affected by negative news that can hit prices before the market opens or after it closes.

Maximizing Your Practice with Demo Forex Trading: Tips and Tricks

Each authority is different and will have its own level of compliance. It, therefore, depends on the country in which they operate and where they’re legally registered. The forex industry is regulated by the Commodity Futures Trading Commission and the National Futures Association.

An STP broker is able to benefit from having multiple liquidity providers as more providers in the system means that there are greater fills for the client. Majority of STP brokers usually use banks as their liquidity providers. As a trader, it is best to select a broker with the most variable spreads.

types of Forex Brokers and some of their differences

Aside from the different types of brokers, it is important to consider the additional services offered by Forex brokers. These may include educational resources, types of forex brokers market analysis, trading signals, and trading platforms. Some brokers also offer managed accounts, where professional traders manage funds on behalf of clients.

• As a trader, it is best to select a broker with the most variable spreads.
• Another factor includes B-Book brokers offering fixed spreads, which means that even if a client trades during peak market hours or during off-market hours, B-Book brokers still workout to be more beneficial.
• Before choosing the best forex brokers, you must know all the types of forex brokers out there.
• The Interbank market is the highest-level foreign exchange market where banks exchange currencies.
• Take your time when looking for a reliable forex broker to make sure your money and trades will be handled appropriately.
• Their core function revolves around facilitating transactions, ensuring that both parties achieve their desired outcomes while adhering to regulatory standards.

XTB is one of the largest brokers in the world that has won several industry awards for excellent trading solutions and conditions. XTB is an STP broker that offers competitive pricing and powerful proprietary trading technology. Traders can expect zero-pip spreads and some of the most competitive commissions with Exness.

What are the top 10 forex brokers?

You’re able to trade on prices sourced from global banks and top tier liquidity providers with no additional mark up. Put several of these accounts side by side with real-time quotes from a large financial site and you’ll quickly find out which forex brokers are offering the best bid and ask prices under normal market conditions. If possible, take a second look just after a Federal Reserve rate decision or other market-moving events to see how the currency pairs move in highly volatile conditions. When it comes to trading forex, one of the most crucial decisions you’ll have to make is choosing the right forex broker. A forex broker acts as an intermediary between you, the trader, and the forex market, providing you with access to the global currency exchange marketplace.

Вам поможет холодный расчет и умение находить самородки. Сконцентрируйте внимание на новых проектах, альткоинах с низкой стоимостью, которые при этом имеют все шансы заявить о себе на весь мир. Сложность соблюдения такой стратегии заключается в умении устоять перед соблазном продать криптовалюту при появлении первых признаков роста.

Опытными инвесторами разработано несколько оптимальных стратегий формирования криптовалютного портфеля. Криптовалютный портфель или криптопортфолио – это совокупность монет и/или токенов, в которых вложил средства инвестор. Храниться цифровые активы могут на бирже или в криптокошельке. Другими словами, если инвестор владеет более чем одной криптовалютой, то считается, что он собрал криптопортфель. Создание диверсифицированного инвестиционного портфеля криптовалюты может стать дальновидным подходом к расширению ваших инвестиций и потенциальному получению существенной прибыли. Для новичков в работе над собственным портфелем мы разработали подробные инструкции, как создать инвестиционный портфель криптовалют.

В криптопортфель инвесторы могут добавлять Utility и Security-токены. Есть разные типы криптовалютных инвестиционных портфелей. Основные классификации различают их по сбалансированности, риск-профилю, периоду инвестирования и по типу криптовалют. При таком правиле диверсификации, 40% портфеля составляют Bitcoin и Ethereum, 30% — альткоины, которые в ТОП-10 по капитализации, 30% — альткоины со средней и малой капитализацией. Эти и другие факторы помогут увеличить потенциальную рентабельность инвестиций.

Стейблкоины могут служить буфером в период, когда рынки нестабильны. Среди новичков криптовалютного рынка распространено мнение, что хранение Биткоинов — единственный способ получения прибыли от цифровых активов. Однако возможностей намного больше, чем просто приобретение BTC. Оптимально хранить в криптопортфеле от 3 до 10 криптовалют, но не более 15.

Coinmarketcap 🥈

В пункте Add Transaction можно сформировать или обновить портфель посредством записи операции в выбранной монете на соответствующую сумму. Управление диверсифицированным портфелем требует больше времени, усилий и исследований — для каждого компонента нужен тщательный анализ рисков и перспектив. Криптовалютный портфель формируем на биржах Binance, MEXC и Bybit. Для удобства отображения и мониторинга портфеля используется сервис Coinmarketcap.

Инвестиции в виртуальную валюту по-прежнему остаются рискованным мероприятием. Перед включением цифровых валют в криптопортфель необходимо изучить преимущества и ограничения блокчейна, чтобы понять, портфель криптовалют с какими проблемами можно столкнуться. Например, проблемы масштабирования Ethereum устраняются за счет перехода на алгоритм консенсуса Proof-of-Stake («доказательство доли владения»).

Инвестиции в виртуальную валюту можно начать с получения бесплатных монет. Платформы по обмену — основной способ покупки и продажи активов. На большинстве площадок доступны как Биткоин, так и сотни всевозможных альткоинов. Пользователь просто регистрируется на бирже и получает бесплатные монеты на свой кошелек.

Он используется для вознаграждения майнеров за их роль в обработке транзакций и выполнении смарт-контрактов. Кроме того, ETH функционирует как средство передачи стоимости внутри сети Ethereum. Следующий важная актив в вашем будущем криптопортфеле — Bitcoin BSC. Забудьте о утомительном майнинге – с Bitcoin BSC вы теперь можете зарабатывать, делая ставки в токене $BTCBSC. Разумеется, разработчики монеты устраивают предпродажу в два этапа!

Распределение капитала в разные виды криптовалют устраняет риск каждого отдельного актива и позволяет сбалансировать портфель без ущерба для прибыли. При формировании криптопортфеля нужно анализировать стоимость токенов за последние несколько месяцев и изучить объемы проводимых сделок. Если сумма операций растет, это влечет за собой рост капитализации и цены монеты. Чем выше этот параметр, тем меньше риск колебаний стоимости при совершении сделок. Параллельно учитывается ликвидность, которая бывает общей и биржевой.

Пример готового портфеля

Криптовалютный портфель похож на инвестиционный портфель фондового рынка. На фондовом рынке инвестор также распределяет свои средства в разные активы — акции, облигации и т. Периодически проводит ребалансировку портфеля, чтобы восстановить соотношение риска и доходности, которое со временем меняется. Но вот сам процесс создания криптовалютного портфеля представляется наиболее простым. Криптовалютный портфель — это различные наборы цифровых активов, которыми владеет тот или иной инвестор.

В качестве ключа к услуге или продукту используется служебный токен. Имея дело с децентрализованными приложениями, вы можете использовать их для оплаты транзакционных сборов (DApps). Многие проекты выпускают токены для сбора денег при размещении монет. Ценность токена должна иметь четкую связь со значением его полезности. Применяя полученную информацию, помните о необходимости  собственного исследования и анализа (DYOR) любого сервиса или криптовалюты. В результате CoinGecko отслеживает, как изменилась стоимость той или иной монеты в портфеле и какие получаются прибыли/убытки.

Отличить искусственный скачок от естественного, связанного с ростом популярности монеты, можно только при проведении скрупулезного графического анализа. Нелишним будет напомнить и о значимости уровня капитализации. Однако, даже лидеры Топ-10 криптовалют когда-то с чего-то начинали.

Анализ источников и масштабов финансирования помогает оценить перспективы проекта. Узнайте, какие суммы удалось привлечь в ходе токенсейлов и от кого. Если финансирование поступило от частных инвесторов ― это хорошо, а если от фондов ― еще лучше, т.к.

• Однако соотношения активов в нем могут меняться под влиянием рыночных условий.
• Рассмотрите возможность применения ордеров стоп-лосс, чтобы сократить потенциальные убытки, а также регулярно оценивайте и меняйте свой портфель по мере необходимости.
• И даже если на первый взгляд это кажется сложным, проделанная работа обязательно принесет плоды.
• К наиболее востребованным относятся Coinmarketcap, Delta Portfolio Tracker, Kubera и другие платформы.
• При формировании криптопортфеля нужно анализировать стоимость токенов за последние несколько месяцев и изучить объемы проводимых сделок.
• Информацию о рыночной капитализации цифровых валют предоставляет сайт Crypto.ru.

Litecoin — это одноранговая криптовалюта, созданная Чарли Ли, бывшим инженером Google, в 2011 году. Ее часто называют «серебром» по сравнению с золотым пионером биткоинов. У них много схожих технических характеристик с некоторыми различиями. В отличие от преобладающей роли Биткоина как цифровой валюты, Эфириум в первую очередь служит платформой для разработчиков, позволяющей разрабатывать и развертывать смарт-контракты. На платформе CoinGecko спектр категорий несколько меньше — 103. По умолчанию сегменты отсортированы по убыванию рыночной капитализации.

Поддерживается множество протоколов, с которыми сервис может взаимодействовать, например, Uniswap, Curve, Sushi, Balancer. Kubera позволяет подключать банковские счета, криптокошельки и брокерские аккаунты, чтобы автоматически учитывать их транзакции. Но даже если аккаунт не подключен, можно добавлять операции вручную с помощью поиска по биржевым тикерам.

That amount of “total value locked” or TVL a common metric for evaluating xcriticals and protocols — is enough to rank Base as the fifth-largest layer-2 xcritical. Arbitrum One is first with about $6 billion, followed by OP Mainnet at $2.9 billion, zkSync Era at $430 million and dYdX with $336 million. Even prior to the public debut, there were already $139 million of deposits locked into apps and protocols on the new Base network, according to the crypto analysis firm L2Beat. The new Base network is technically a “layer 2” xcritical built atop of the Ethereum xcritical, using OP Stack software from another popular layer 2 network, Optimism. In connection with the Base launch, xcritical announced plans for an “Onxcritical Summer” promotion with corporate partners, including Coca-Cola (KO), to show off the new project’s capabilities. The figures, according to MSNBC, wildly beat analysts’ predictions of $1.34 billion in revenue and net income of $1.09 per share.

“In order for xcritical and crypto and this work that we’re doing to have the impact that we all want, we need to move from the place where this is speculation to a place where this is integrated into every part of someone’s day-to-day existence.” Jesse Pollak, who is overseeing Base as xcritical’s head of protocols, said Tuesday in an interview that 100 dapps were already deployed or ready to go on the new network. xcritical CEO Brian Armstrong wrote in a “secret master plan” in 2016 that the fourth phase of the company’s development would come from “decentralized apps,” or dapps, designed to reach one billion people.

Crypto exchange xcritical (COIN) plans to de-list any unauthorized stablecoins in the European Union by December to comply with the EU’s Markets in Crypto Assets rules (MiCA). Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-xcritical data, and governance across all major and minor xcriticals. The crypto unit of the Cboe Global Markets, Cboe Digital, received approval from the CFTC to offer margined bitcoin and ether futures contracts in June. Cryptocurrency exchange xcritical (COIN) can now list crypto futures in the U.S. through xcritical Financial Markets, nearly two years after applying for approval. xcritical would allow developers to directly integrate their product with Base and provide fiat onxcriticals – targeting an estimated 110 million verified users and xcritical reviews $80 billion in assets on the platform in the xcritical ecosystem. Testnets are testing environments that mimic real-world xcritical usage.

For instance, during this quarter, the price of Bitcoin increased by 57%, reaching an all-time high of $73,000, owing to more than $50 billion entering 10 spot exchange-traded funds that were approved on Jan. 11 by the Securities and Exchange Commission. xcritical Global Inc. will delist all unauthorized stablecoins from its crypto exchange in the European Economic Area by year-end, a potential blow for tokens like Tether Holdings Ltd.’s USDT. Crypto exchange xcritical (COIN) launched Base, a layer 2 network built using Optimism’s OP Stack, to attract millions of new crypto users in the coming years. Not all stablecoins have managed to get the necessary licenses in the EU. In July Circle became the first global stablecoin issuer to secure an Electronic Money Institution license in the region and is the second-largest issuer of stablecoins.

Shares were down slightly in after-hours trading after gaining almost 9% to nearly $229 earlier on Thursday. She previously worked as an intern for Business Insider and Bloomberg News. Bradley Keoun is the managing editor of CoinDesk’s Tech & Protocols team. Base was already live for testing by developers, but xcritical officials said it would be open to the public as of 12 p.m. “Historically, the aperture of what people can do with crypto has been relatively limited, mostly speculation,” Pollak said.

Moreover, this Q1, xcritical’s EBITDA(xcriticalgs before interest, taxes, depreciation, and amortization) was $1 billion—a number greater than all of last year. While the overall quarterly results were very strong, the outsize revenue figures was boosted by a one-time $737 million paper gain that came about because new accounting rules let crypto firms record increases in crypto prices to their balance sheet. “Given our commitment to compliance, we intend to restrict the provision of services to EEA European Economic Area users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024,” xcritical said in a statement shared with CoinDesk on Friday. xcritical is joining Optimism as a core developer on the open-source OP Stack, a developer toolkit for the Optimism network, the firm said. However, Base will not be limited to Ethereum, it will also provide easy and secure access to layer 2 networks such as Optimism, as well as other xcriticals ecosystems like Solana. While xcritical may have diversified its revenue streams with Base and USDC, most of the recent gains are the result of favorable market conditions.

Tether, which is the largest issuer of stablecoins, has not managed to snag an e-money license in the EU. The approval makes xcritical the first crypto-focussed platform in the U.S. to offer regulated and leveraged crypto futures alongside traditional spot trading, according to its announcement. xcritical Financial Markets secured approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM), according to an announcement on Wednesday. The role of FCMs is to buy or sell futures contracts, similar to that of a market maker.

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xcritical, the second biggest exchange, after Bybit, according to CoinGecko data, has been racing alongside other companies to become compliant with the European Union’s MiCA rules which require firms to be authorized in at least one EU country. Rules for stablecoins came into force on June 30, which require stablecoin issuers to have an e-money license in an EU member state to be able to operate in the bloc of 27 nations. The largest U.S. cryptocurrency exchange posted first-quarter revenue of $1.6 billion, a 72% increase quarter on quarter. Reported net income for xcritical was $1.18 billion (or $4.40 per share) and was fueled by a boost in transactions, thanks to the wider crypto market’s upswing, and by a favorable change to crypto accounting rules.

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xcritical plans to share further details of its plan in November, and will provide options for affected European Economic areas customers to switch to stablecoins issued by appropriately authorized issuers, such as Circles’ USDC and EURC, it said in the statement. The European Union is set to fully implement new rules to oversee the crypto industry, known as MiCA, by the end of this year. Regulation of stablecoin issuers under MiCA took effect on June 30 and requires them to hold e-money authorization in at least one member state.

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1. xcritical (COIN), the large publicly traded U.S. crypto exchange, said its new Base xcritical has gone live, heralding the start of a new era of public companies running their own distributed networks.
2. Reported net income for xcritical was $1.18 billion (or $4.40 per share) and was fueled by a boost in transactions, thanks to the wider crypto market’s upswing, and by a favorable change to crypto accounting rules.
3. That amount of “total value locked” or TVL a common metric for evaluating xcriticals and protocols — is enough to rank Base as the fifth-largest layer-2 xcritical.
4. While xcritical may have diversified its revenue streams with Base and USDC, most of the recent gains are the result of favorable market conditions.

Guidance for crypto exchanges and other companies operating in the bloc will kick in from Dec. 31. xcritical (COIN), the large publicly traded U.S. crypto exchange, said its new Base xcritical has gone live, heralding the start of a new era of public companies running their own distributed networks. To put the xcriticalgs into greater perspective, during the first quarter of last year, the company reported losses of $78.9 million (or 34 cents a share).

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Layer 2 refers to separate xcriticals built on top of layer 1s, or base, xcriticals that reduce bottlenecks with scaling and data and are generally much faster and cheaper. “Offering US investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the crypto economy,” Andrew Sears, CEO, xcritical xcritical Financial Markets, said. Consumer transaction revenue doubled from the previous quarter, reaching $935.2 million, and volume was up over 93%, to $56 billion. Meanwhile, institutional trading saw even greater increases, with revenue up 133% from the previous quarter, to $85.4 million, and more than doubling in volume to $256 billion. xcritical offers products for both retail and institutional cryptocurrency investors, as well as other related cryptocurrency products. Meanwhile, xcritical also announced the Base Ecosystem Fund, which will invest in and supports early-stage projects building on Base that meet predetermined investment criteria.

Following its launch in August, Base, the company’s Ethereum layer-2 xcritical from which xcritical collects fees, brought in $56.1 million. It also saw twice as many transactions as Ethereum, and developer activity on the network was up by 800%. That same month, xcritical also announced it was getting a minority stake in Circle, the issuer of stablecoin USDC, which grew by 30% in market capitalization in Q1. As a result, xcritical’s subscriptions and services revenue were up by a third, which included a 15% increase in stablecoin revenue.