U.S. Markets close in 6 hrs 10 mins

Crypto Gains; Binance Acquires Crypto Options Trading Platform

Investing.com – Major digital coins all made moderate gains on Tuesday in Asia, with Bitcoin surpassing the $10,000 level.

Bitcoin rose 5.87% to $10,388.1 by 11:17 AM ET (03:17 GMT). The digital coin gained momentum overnight to reach the $10,000 mark, the highest level of the week.

Meanwhile, Ethereum also gained 4.06%. XRP was up 1.88%, and Litecoin grew 1.34%.

Binance, the world’s largest cryptocurrency exchange, said it has acquired crypto-asset trading platform JEX, which will be rebranded as Binance JEX. The exchange will provide derivatives products, including futures, options, and perpetual contracts.

“JEX will join the Binance ecosystem as Binance JEX and focus on further building the cryptoasset derivatives market, providing Binance users with professional services including futures contracts, options and other derivative products,” Binance said in a statement.

JEX boasts itself as the world’s first blockchain asset transaction platform to initiate Bitcoin options trading and other crypto options trading. It offers options on Bitcoin, Ethereum, Litecoin and EOS.

At the same time, Binance also launched two test platforms for its planned crypto futures products, and users can vote for their favourite futures testnets. The exchange also said it will launch crypto lending products, allowing users to earn interest from Binance Coin, Tether and Ethereum Classic.

Further heavyweight news from Asia is that Thai crypto exchange Bitcoin Co. has decided to shut down after running for five years. All trading on the exchange will stop from Sep 30, and all deposits will be disabled after Sep 6.

“Bitcoin Co. Ltd. has decided to discontinue offering digital exchange services and wallet services at our BX.in.th website in order to focus on other business opportunities,” it said in a statement.

Related Articles

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

Police Seize $15K Crypto Thief After He Mistakenly Disclosed Identity

Indian IT Giant Tech Mahindra to Launch Blockchain Finance Management