$82,354.00
-0.84%$1,894.87
-0.65%$2.25
-3.76%$628.25
0.05%$123.40
-3.29%$0.999858
-0.00%$0.699768
-2.83%$0.166043
-3.09%$0.224679
4.43%$1,893.41
-0.68%$82,225.00
-0.73%$9.74
-0.55%$3.55
3.85%$13.74
0.27%$0.99979
0.00%$0.267186
-1.64%$2,265.25
-0.84%$0.184978
-2.93%$18.69
1.06%$1.11
-18.27%$0.00001249
-3.28%$2.25
-0.57%$6.84
0.23%$88.33
-4.80%$337.19
0.37%$4.28
-1.44%$0.999769
0.05%$4.58
3.27%$1,895.81
-0.63%$0.998482
-0.10%$13.19
-3.72%$28.32
-0.32%$2,013.62
-0.65%$207.26
-1.78%$6.22
0.30%$1.044
-0.02%$5.37
-0.04%$51.38
5.46%$2.54
-0.16%$0.00000685
-3.20%$0.818883
-1.95%$5.73
-0.24%$21.94
0.87%$17.42
-2.26%$32.88
9.20%$0.828653
-2.53%$169.04
-0.65%$82,410.00
-0.77%$10.93
-3.13%$0.079642
-9.74%$4.79
4.03%$0.02428783
-3.96%$0.9989
0.06%$242.07
-2.56%$0.074289
0.43%$0.36004
-1.98%$2.86
-2.05%$0.206258
-4.62%$3.19
-5.12%$3.99
0.30%$82,405.00
-0.74%$3.11
-2.31%$0.3592
-2.02%$0.183166
-3.98%$0.475573
-3.91%$0.999054
-0.08%$0.863156
-0.37%$0.503762
-2.16%$11.09
0.03%$5.23
-4.61%$0.505152
-2.47%$82,233.00
-0.82%$1.00
0.00%$1,895.75
-0.66%$75.58
-3.40%$1.078
1.28%$1,966.09
-0.70%$0.067088
-0.69%$0.434633
-2.14%$1,226.48
2.18%$0.5653
-1.80%$17.61
2.77%$0.997542
-0.02%$0.824112
-3.24%$0.196003
-1.43%$2,141.48
-0.01%$9.58
-1.79%$0.096485
2.85%$0.600164
-4.47%$0.01496756
-1.70%$0.887683
-2.77%$128.46
-3.25%$0.998917
-0.08%$81,907.00
-0.70%$0.916855
-3.55%$0.00001061
-3.27%$2.64
4.60%$0.99946
-0.04%$629.33
-0.38%$2,010.95
-0.58%$0.998967
-0.53%$3,045.33
1.88%$0.489927
0.33%$0.01677463
-1.23%$0.699656
-0.56%$0.9993
0.11%$0.00000069
-0.04%$0.277783
-2.73%$82,249.00
-0.77%$33.57
-0.20%$2.13
-2.00%$0.17879
-1.89%$5.99
-8.26%$0.01345875
-4.56%$0.410839
-1.45%$3,054.79
1.97%$1.00
-0.03%$0.105009
-3.96%$157.43
-3.42%$1,970.39
-0.61%$0.00006047
-1.15%$0.438779
0.32%$7.95
-0.60%$3.09
-2.73%$0.999854
-0.02%$0.149083
-1.39%$0.076774
1.35%$0.492491
-0.49%$3.33
-1.40%$16.05
-2.11%$0.999576
-0.04%$32.67
-3.37%$135.25
-2.99%$17.81
-1.69%$0.0053508
-2.12%$0.265696
-0.12%$1.001
0.08%$0.777496
-2.74%$1.64
-6.41%$0.175322
-3.86%$0.629775
-1.03%$0.458937
-4.74%$79,735.00
-1.98%$2,010.50
-0.61%$1,896.33
-0.57%$0.999024
-0.07%$0.681199
-10.76%$6.73
-2.24%$0.086953
-0.33%$0.00002168
0.73%$0.00000043
2.75%$0.165938
-3.23%$0.426428
5.06%$0.04493959
0.05%$0.531979
3.37%$82,378.00
-0.88%$1.20
-1.46%$82,711.00
-0.18%$110.35
0.02%$0.999062
-0.10%$1.078
-0.24%$1,895.67
-0.57%$0.01212616
-3.05%$0.50017
-3.26%$0.00619075
-11.04%$1.087
-0.37%$43.10
0.36%$81,811.00
-1.58%$2.34
8.02%$0.402611
0.71%$5.39
-7.12%$0.182956
8.31%$0.876786
1.19%$0.206097
-4.66%$1.31
-3.17%$1,895.41
-0.61%$21.64
-0.48%$1,974.29
-0.53%$0.998586
-0.01%$82,231.00
-0.72%$1,932.76
1.24%$0.00405144
-1.81%$0.00006251
-0.83%$0.362296
-3.53%$0.999648
-0.07%$0.00620757
-0.96%$1.004
-0.49%$1.33
-4.66%$0.03237705
-2.90%$0.261425
-0.50%$123.08
-1.74%$1.26
-5.65%$3.91
-0.78%$0.266619
-7.39%$1.30
-1.04%$0.0054587
-3.04%$1,878.44
-0.43%$0.03003463
2.45%$0.841261
-0.79%$1,896.19
-0.58%$0.288849
-0.20%$17.22
0.46%$22.97
-0.41%$0.201285
-1.74%$2,071.69
-0.54%$0.999908
0.02%$2.89
3.67%$1.11
-3.92%$0.00000133
10.73%$0.617843
-3.83%$0.536253
0.50%$0.268855
-12.48%$0.03402568
-3.71%$2,000.13
-0.45%$82,391.00
-0.74%$0.03818072
1.07%$4.67
12.38%$2.35
1.41%$82,472.00
-0.65%$0.00000012
-0.71%$3,030.30
1.25%$0.068815
-3.38%$0.086665
-2.87%$2,056.51
-0.63%$0.999416
-0.06%$0.999642
-0.00%$1,892.71
-0.54%$0.0023892
1.12%$0.03145604
-0.56%$0.01220986
-1.04%$0.00321425
-2.62%$0.429304
-1.07%$131.95
-3.14%$0.104631
-0.97%$1,655.37
-0.79%$2.16
-1.01%$3.32
-9.29%$1,897.07
-0.60%$0.00492706
-1.66%$0.630398
-0.69%$0.149907
-0.18%$0.523962
-8.21%$0.00251827
-5.74%$0.257518
2.30%$0.03259386
-0.01%$5.62
2.04%$2.16
-0.14%$0.00034479
-21.02%Reading
Coinbase, Dragonfly Capital and Huobi today invested $500,000 in CoFiX, a decentralized exchange.
CoFiX, founded in March by a Chinese-speaking team, falls under the umbrella term of decentralized financedecentralized finance. The term, also known as DeFi, refers to a multitude of non-custodial crypto financial products, such as loans, decentralized stablecoins and other synthetic derivatives, and decentralized exchanges—many of which popped up this summer.
CoFiX is a decentralized exchange, or DEX, that’ll launch on Friday. It works a little like Uniswap, the most popular decentralized exchange, whose trading volumes occasionally overtake those on leading US-based crypto exchange Coinbase—the company that today announced its investment in CoFiX. DEXs are non-custodial cryptocurrency exchanges bankrolled by their users, who earn fees for providing liquidityliquidity for tokentoken pairings.
Uniswap’s daily trading volume today hit new highs—surpassing Coinbase Pro’s daily volume for the first time. The Ethereum-based decentralized exchange and liquidity provider’s trading volume stood at over $441 million at the time of writing, according to its online stats. That’s a 70% increase in the past 24 hours. Meanwhile, the 24-hour trading volume of Coinbase Pro—Coinbase’s full-service crypto exchange—stood at just over $373 million, according to CoinMarketCap data. Both Uniswap and C...
But Uniswap is not great for professional traders. You can’t place complicated trades on it and prices of coins are either grabbed from centralized exchanges or discovered through trades, both of which can be pricey for traders paying hefty transaction fees.
CoFix’s aims to improve on these sorts of decentralized exchanges by scraping prices from a decentralized oracle protocol called NEST—which, like Uniswap, is built on Ethereum. NEST uses various financial parameters to create price feeds that are closer to those found elsewhere. NEST does this by paying its miners to quote prices.
AlphaWallet is one of the founding community members of @CoFiXProtocol. CoFiX is an advanced on-chain automated market-making protocol that is completely driven by the community. It is the first protocol to propose the idea of “On-chain Computable Finance” https://t.co/kRfwqpkakB
— AlphaWallet (@AlphaWallet) October 6, 2020
This, at least in theory, should lower prices and risk for traders and remove price arbitraging; those providing liquidity for these trades would also benefit from this by receiving “sustainable profits,” according to the press release.
CoFiX is slated for release on October 9. Founding members include DeFi wallet project AlphaWallet, blockchain security team SECBIT, and the team’s whitepaper author, “Zaugust”—an “expert in financial product design,” according to CoFiX’sTelegram group.
Gibraltar-based private bank Xapo said Tuesday it is now accepting members’ Bitcoin as collateral for loans. The new service allows customers to access up to $1 million in Bitcoin-backed debt, except for those located in the UK and Australia, Gadi Chait, a Xapo investment manager, told Decrypt. “We think it’s a great piece of collateral to lend against,” Chait added, referring to the asset that Xapo has safeguarded on behalf of customers since 2013. As Wall Street firms like Cantor Fitzgerald de...
Robinhood has launched a prediction market that will allow users to bet on this year's March Madness basketball tournament—the latest sign event derivatives are gaining traction in the U.S. despite ongoing regulatory challenges. Beginning Monday, Robinhood users can place wagers on the National Collegiate Athletic Association's March Madness tournament, which runs from mid-March to early April. The prediction markets are powered by Kalshi, a startup that fought and won its legal battle agains...
President Donald Trump, and other principals of DT Marks DEFI LLC, have already netted roughly $390 million in revenue from their Ethereum-based decentralized finance project—and that’s just for promoting it. On Monday, World Liberty Financial announced it had completed its second round of token sales. All in all, the project has brought in $550 million from two rounds of sales of WLFI, its native governance token, according to the company’s own accounting. Though Trump himself is technically...
