Global #cryptocurrency trading

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.

Telegram has emerged as a popular platform for the crypto community due to its emphasis on privacy, security, and its robust bot functionality.

In a significant policy shift, Bolivia has lifted its ban on cryptocurrencies, paving the way for authorized trading through electronic channels. The Central Bank of Bolivia (BCB) revoked the prohibition, which was put into effect in December 2020, on June 26, 2024.

In a stunning demonstration of cryptocurrency trading, a trader from the Solana ecosystem had an initial $49,000 investment grow to almost $2 million in just five hours.