Kraken Is Seeking ‘War Chest’ Investment at a $4 Billion Valuation

Crypto exchange Kraken is on a fundraising drive, offering “select” investors a chance to purchase stakes in the firm. CEO Jesse Powell confirmed to CoinDesk that his company is looking to tap a small number of clients for a fundraising round valuing the firm at $4 billion. “There is presently a limited time opportunity available to a very small, select number of clients to purchase Kraken shares” at a $4 billion valuation with a $100,000 minimum, he told CoinDesk via email. The general public will not have access to these shares,…

Gemini Launches New Mobile App for Crypto Traders

Crypto exchange Gemini has just launched a mobile wallet for its users. Gemini CEO and co-founder Tyler Winklevoss wrote in a Medium post on Tuesday that the new app allows customers to buy or sell cryptocurrencies, view market prices, see their own portfolio values and set price alerts, among other features geared toward traders. The exchange is working to “build the future of money” through its licensed exchange and regulated custodian, Winklevoss wrote, ensuring that customers can entrust their holdings to a compliant platform. “A trusted and regulated platform, however,…

Crypto Assets on Gibraltar Blockchain Exchange Can Now Be Insured

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the island’s stock exchange, is now providing insurance coverage for crypto assets listed on its platform. The firm announced Monday that it has partnered with a local provider called Callaghan Insurance to provide the policy to cover both hot (online) and cold (offline) wallets listed on the GBX Digital Asset Exchange. “This represents an important step in attracting users who require strict assurances around the security of their assets,” said GBX CEO Nick Cowan. The news follows last month’s news that GBX…

Crypto Trading Platform ErisX Hires Serial Exchange Founder Matt Trudeau

ErisX is beefing up its leadership ahead of the launch of cryptocurrency spot and futures trading early next year. Revealed exclusively to CoinDesk, the digital asset trading platform has hired markets and exchanges veteran Matt Trudeau as chief strategy officer. The news comes a week after ErisX closed a Series B funding round that raised $27.5 million from firms such as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group. Trudeau started his trading career in the early 2000s when the U.S. equities market was going digital and has overseen some 10 global…

Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval

The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric…

Coinbase Considers Adding 30 New Crypto Assets to Its Exchange

After adding support for several new tokens over the past months, Coinbase has revealed more than 30 crypto assets it is considering for listing. However, the San-Francisco-based exchange is not adding the 31 tokens to its platform just yet, but rather, is “continuing to explore the addition” of the assets, according to a blog post published Friday. The tokens included in the list range from ERC-20 tokens to independent projects. “Over time, we intend to offer our customers access to greater than 90 percent of all compliant digital assets by market…

Binance Launches Multi-Account Feature for Institutional Crypto Traders

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A single institution may have up to 200 sub-accounts, according to the exchange. In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees…

Coinbase Wants to Own ‘BUIDL’ Trademark, Filing Reveals

Exchange giant Coinbase is seeking a trademark for “BUIDL,” a popular term used by some segments of the cryptocurrency community, public records show. According to an Oct. 2 filing with the United States Patent and Trademark Office (USPTO), the San Francisco–based tech unicorn wants “BUIDL” to become one of the company’s protected brand names. “BUIDL, not HODL,” a rallying cry in the blockchain developer community first noted on CoinDesk in 2015, is meant to suggest that building real-world use cases is just as valuable as the hoarding of crypto assets. According to…

Coinbase Is Planning a Year-Long Decentralized Identity Experiment

One of the crypto industry’s biggest players is experimenting with ways to give its users more control of their personal information. Crypto exchange turned corporate unicorn Coinbase has a 17-person team currently exploring decentralized identity solutions. B Byrne, the product manager of Coinbase’s identity team, told CoinDesk he wants to “help people own more of who they are online.” Revealed exclusively to CoinDesk, Byrne’s approach relies on creating bridges between Coinbase products, such as its mobile wallet, with a built-in decentralized application (dapp) explorer. He explained: “I’m looking at dapps, and…

Coinbase Adds Zcash to Retail Crypto Trading Service

Less than a week after adding privacy-focused zcash to its professional trading platform, crypto exchange Coinbase is opening trading to its retail customers. The company announced Wednesday that clients using coinbase.com or the Android and iOS apps can buy, sell, send, receive or store zcash, though residents in the United Kingdom and the U.S. state of New York will not immediately have access to these services. The move comes on the heels of Coinbase Pro adding support for zcash last week. At the time, the platform announced that only residents…