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Author Topic: News exchanges: Finance case costs 4 altcoins, Etoro cuts spreads.  (Read 496 times)

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Company, Glen Oaks Escrow has announced that it has partnered with Bitpay to support payments in the cryptocurrency; Binance next month will exclude bytecoin, chatcoin, iconomi and triggers; Etoro reduces the spreads for the cryptocurrency.



Glen Oaks Escrow and Bitpay

California-based escrow company, Glen Oaks Escrow, has announced that it now supports cryptocurrencies as part of a new partnership with Bitpay. The company claims that the increase in the prevalence of real estate sales for cryptocurrency as the main motivation for the decision.

Joe Curtis, chief operating officer of Glen Oaks, said:

Increasingly, blockchain and cryptocurrencies are becoming part of real estate transactions, and this is one step forward to get ahead of the adoption curve. It is still a young technology in our space, but we strive to be at the forefront to accept transactions in this way.

The partnership is that Bitpay converts deposited cryptocurrencies into cash before adding funds to escrow accounts, which means that the seller in the ongoing transaction will not process the cryptocurrencies directly.

Binance holds a new delisting
Cryptocurrency exchange Binance announced that on November 12 at 10: 00 (UTC) will exclude from trading bytecoin (BCN), chatcoin (Chat), iconomi (ICN) and triggers (TRG).

The statement said:

The said altcoins do not meet the exchange's criteria for continued support, including team commitment to the project, quality and level of development, network / smart contract stability, level of public activity, responsiveness (teams), coin investments in the health and stability of the crypto-sphere, and signs of unethical / fraud.

Etoro reduces spreads
Etoro, a brokerage company and social trading platform, has announced "a significant reduction in spreads for cryptocurrencies," describing the move as "part of its ongoing efforts to raise awareness about the capabilities of cryptocurrency and blockchain in General." The company claims that spreads on BTC have been "cut by more than half".

Co-founder and chief Executive officer of Etoro Yeni Assia said:

We also aim to raise investors ' awareness of the potential offered by cryptocurrency and blockchain technology that supports it. This includes sponsorship, advertising, speaking at events and the production of training materials. Yes, the crypto-sphere is very volatile and not suitable for all investors, but we also believe that for many it can play a role as part of a diversified long-term portfolio.

Assyia summed up: "Crypto is here to stay. We believe that in the future all assets will be tokenized and that cryptocurrency is only the first step in this journey."

Link to the source of information (Russian) -
https://altstake.io/news/novosti-birgh-binance-delistit-4-alytkoinaetoro-sokraschaetspredy

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