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Author Topic: News exchanges: Coinjar launched a Fund, Square uses OTC, Poloniex adds EOS.  (Read 969 times)

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Coinjar has launched its first Australian cryptocurrency Fund indices; In the last quarterly report Square it was shown that the company performs its cryptocurrency transactions through the OTC (OTC) markets, not the "public exchanges, cryptocurrency"; Poloniex has launched a trading instrument with the EOS.

Coinjar launches Australia's first crypto Fund
Coinjar, a financial and cryptocurrency company operating in Australia and the UK that claims to have processed over $ 1.2 billion in virtual currency transactions, has announced the launch of Australia's first Fund. based on the cryptocurrency index.

"Coinjar monetary Fund" is an index Fund intended for wholesale investors. Eligible investors must have a minimum of AUD $ 2.5 million or have a gross income of at least AUD $ 250,000 in the previous two years. Minimum contributions from new investors have been set at $ 50'000 Australian dollars, while current investors can make payments of at least 10'000 AUD.

Company representatives report:
"The Fund has two asset classes: "Bitcoin class"-which provides access only to bitcoin (BTC) and "Mixed class" —which is used to track four digital currencies — bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC)."

Representatives of the Fund also note that the Fund itself does not bear "the cost of creating an account, the fee for contributions or remuneration for the work, however, the management fee is 1.3% per annum in respect of Bitcoin class and 1.8% per annum for a Mixed class plus ordinary operating costs."

Jordan Michaelides, organizational head at Coinjar, said:

"We are launching the digital currency Fund Coinjar to manage risk, simplify the investment process and provide the industry with the best security practices for wholesale investors."

Square prefers over-the-counter market
Financial and merchant services, Square, revealed in its latest quarterly report that the company trades bitcoins through "private brokerage dealers" rather than through "public cryptocurrency exchanges".

Meltim Demirors, chief strategy specialist at Coinshares, said:

"Working with a broker is likely to provide better price and better execution than paid orders in the open market, as well as greater privacy."

Hunter HORSLEY, chief Executive officer of bitwise asset management, also praised Square's decision to trade over-the-counter markets. "There are many benefits to OTC trading that can motivate Square," hunter said, highlighting the reduced risk of slippage when trading on OTC. "Prices, minus fees, are often better, especially for large orders," he added.

Poloniex launches EOS trading
Poloniex has announced the introduction of pairs for the fourth most traded and fifth — capitalization cryptocurrency-EOS. Currently, a crypto currency exchange is already traded a pair of EOS / USDT, EOS / BTC and EOS / ETH.

Poloniex representatives confirmed that The company will support the tokens of the main EOS network and "will not accept deposits in ERC-20 or provide conversion into network tokens". In addition, Poloniex "will not support EOS airdrop yet."

Link nor source of information(Russian) - https://altstake.io/news/novostibirgh-coinjar-zapustila-fond-square-ispolyzuet-otcpoloniex-dobavlyaeteos


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