Daily crypto: Markets continue to rise and South Korean exchange Bithumb expands

Daily crypto: Markets continue to rise and South Korean exchange Bithumb expands.

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Christian Ploog

christian.ploog@trijo.co

The parent company behind Switzerland's largest stock exchange is "open" to the possibility of offering cryptocurrency trading services on its new platform that they are planning to launch next year, and one of South Korea's largest cryptocurrency exchanges plans to expand its business.

One of South Korea’s largest cryptocurrency exchanges Bithumb is now planning to expand its operations to Japan and Thailand. The exchange, which got hacked in June, is now seeking regulatory approval from the two countries’ financial regulators, Bitcoin News reports.

The parent company for Switzerland’s largest stock exchange, SIX Group, recently announced that they intend to open a fully regulated platform for digital asset trading by the middle of next year. Exactly what products that will be traded on the platform are still unclear, but now the company has said that they are “open” to the possibility of offering trading services in cryptocurrencies.

“It is also still open whether cryptocurrencies can be traded and how a conversion into fiat would be facilitated”, says Stephan Meier, SIX Group spokesman, in an interview with swissinfo.ch.

Rising prices

The crypto markets continue to rise. After the total market capitalization of all cryptocurrencies fell to $242 billion on July 13, it has now gone up to $256 billion, an increase of $14 billion.

Looking at the largets cryptocurrencies, the prices of eos (+3,99%), ethereum (+3,06%) and bitcoin cash (+2,48%) have gone up the most.

The ones who performed the best on top 100 were tenx (+24,38%) and moac (+23,85%), and the ones who performed the worst were kucoin shares (-9,71%) and vechain (-7,03%), according to Coinmarketcap.

Asset: Price: % (24h)
Bitcoin $6 373,45 +1,00%
Ethereum $453,06 +3,06%
Xrp $0,444841 +1,02%
Bitcoin cash $726,26 +2,48%
Eos $7,33 +3,99%

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