Global #cryptocurrency trading

Trust Wallet, the decentralized crypto wallet backed by former Binance CEO Changpeng Zhao (CZ), is experiencing notable growth, particularly in developing regions such as Africa and South Asia.

In the ever-evolving realm of financial markets, Forex and cryptocurrency trading stand out as two prominent avenues through which traders seek to capitalize on global economic shifts.

Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market.

According to Kaiko’s latest report, significant bullish activity is emerging in the Bitcoin derivatives market, particularly on Deribit’s new election contracts.

Russia is reportedly taking significant steps towards integrating Bitcoin and other cryptocurrencies into its financial system. The Russian Ministry of Finance, in collaboration with the Moscow Stock Exchange and the St. Petersburg Stock Exchange, has proposed allowing traditional exchanges to offer cryptocurrency trading services to qualified investors.

Hong Kong, a major financial hub, is hinting at a potential overhaul of its cryptocurrency regulations. This follows an inquiry by a Hong Kong lawmaker, raising questions about the current framework and prompting calls for a more accommodating approach.