Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors
HomeCryptocurrency NewsCryptocurrencies Latest News

Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors

In recent news pertaining to cryptocurrency exchanges, Palestinians are reportedly turning to crypto brokers to facilitate cross-border tra...

Bill Submitted to Make Cryptoruble Legal Tender in Russia
George Soros: Bitcoin is Propped Up by Dictators
Cobinhood to Adopt Controversial Stablecoin Tether After Termination of Banking Services

In recent news pertaining to cryptocurrency exchanges, Palestinians are reportedly turning to crypto brokers to facilitate cross-border transactions, XBT Provider has revealed plans to launch an exchange-traded product that will track between 5-10 cryptocurrencies, and LXDX has announced that it will make its platform available to retail investors.

Also Read: P2P Markets Report: Record Volume in Peru, Argentina, Philippines

Palestinians Turn to Crypto to Facilitate Cross-Border Payments

Ahmed Ismail, a Gaza-based financial analyst, recently told media that a growing number of Palestinians are using cryptocurrency to conduct cross-border payments.

Mr. Ismail attested that there are over 20 unofficial cryptocurrency exchanges in the Palestinian territories of the Gaza Strip and the West Bank, stating that he himself has 30 clients whom he assists with using cryptocurrency to purchase offshore investments such as stocks.

Gaza-based cryptocurrency broker Mohammed also stated that he has helped up to 50 families a month purchase BTC. “Bitcoin, in their opinion, is cheaper, safer, and quicker. Nothing works with Palestinian banks. Bitcoin wallets are alternative banks,” he said.

LXDX to Make Platform Available to Retail Traders

LXDX, a Malta-based cryptocurrency exchange, has announced that it will soon make its platform available to retail traders, in addition to the institutional investors it already serves.

Joshua Greenwald, a former Spacex engineer and chief executive officer of LXDX, stated: “The mission of LXDX is to make capital markets better. Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access.”

XBT Provider to Launch Product Tracking Basket of Cryptocurrencies

Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, Lxbx Targets Retail InvestorsStockholm-based XBT Provider has announced that it will launch an exchange-traded product that will track a basket of between five and ten cryptocurrencies.

The chief executive officer of XBT Provider, Laurent Kssis, described the product as “something that the market is looking for,” stating: “They are telling us ‘I’d just like blended exposure to 5 or 10 cryptocurrencies.’”

Do you think there is demand for exchange-traded products that track a basket of cryptocurrencies? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2DadpCt
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors
Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors
https://news.bitcoin.com/wp-content/uploads/2018/09/shutterstock_1129670096-768x768.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/09/exchanges-round-up-palestinians-use.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/09/exchanges-round-up-palestinians-use.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy