One of the largest United States-based crypto exchanges Coinbase announced a new market structure for its smaller trading platform Coinbase Pro meant for professional trading, in a blog post published two days ago which we are reading more about in today’s blockchain news.
According to the blog post, the changes will lead to liquidity increase and will also strengthen and make possible for smoother price movements. The changes also aim to change the old fee structure so the new one can increase liquidity.
Coinbase Pro and Coinbase Prime which is the institutional trading platform of Coinbase will cease their support for stop market orders. The announcement shows that all stop orders have to be submitted as limit orders and to also include the limit price.
It is also important that the market protection points that will be introduced both to Coinbase Pro and Coinbase Prime will amount to exactly 10 percent for all market orders. The announcement explains that market orders that surpass the price more than those 10 percent will stop executing.
Finally, the post warns the user base of Coinbase that the platform will be unavailable on March 22 from 6:00 p.m. to 6:30 p.m.
The new changes to the company have been received with quite some skepticism from the crypto community as we could read on social media. For example, the trader and economist Alex Kruger wrote on Twitter that by raising the fees at Coinbase Pro especially for smaller clients by 33%, in the same time the company is lowering fees for the larger clients. He also said that if the users were rational, everybody would now move to Binance.
Kruger questioned the decision of the trading platform to disable stop market orders by saying that stop-limit orders usually fail to execute and that using far off limits on limit orders could be a better idea. However, Kruger did admit that the changes could lead to the goal of increasing liquidity.
Another crypto trader also on Twitter wrote that the new fee structure is targeting the new users who are just entering the crypto market and that Coinbase is preparing itself for a new bull run.
NFL Players Demand To Get Paid In Bitcoin
“How dope would it be to see an ESPN headline with an athlete being paid in $BTC?”The crypto community answered right away and told Okung all the information and tools that he needs to continue on the crypto journey together. The player was happy to answer the community and even asked:
“How could something so wrong make me feel so right? I’m part of the revolution. Long $BTC, short the bankers.’’In the meantime, Anthony Pompliano also posted that the NFL Quarterback Matt Barkley was among the NFL players that also wanted to get paid in bitcoin but he didn’t succeed to get his dream come true. Again, the crypto community on Twitter praised him and offered him advice on how to fight for what he really wants. Trezor, the popular crypto wallet producer even offered to get him and his team-mates free hardware wallets to which Barkley replied he was ‘’all about @Ledger.’’ The most surprising thing was that he replied to the suggestion that he already has some ‘’skin in the game’’ and that he started mining bitcoin some time ago. Okung on the other hand, as reported in the latest cryptocurrency news tweeted that many of the NFL players are asking him about bitcoin. however, the thing goes past the dream of the player to get his paycheck in Bitcoin. He is the vice president of the NFL Players Association which ‘’assures proper recognition and representation of players’ interests.’’ It is expected from him as a person with a say in the organization to fight for the players who want to get paid in Bitcoin. With services like Bitwage available, the dream could become a reality for those who want another option in their career.
Robinhood Mobile Trading App Valued At $7 Billion: Report
‘’Crypto has certainly added to our growth. In the next couple of years I think you’ll see Robinhood looking like a full-service consumer finance company.’’
Blockchain For Timepieces: World’s Oldest Watch Manufacturer Gets Involved
“Blockchain certification serves to avoid paper authentication, which can easily be forged,” the company said in a press release.As the latest cryptocurrency news show, Vacheron Constantin will use blockchain tech to integrate additional information in the certificate - as well as a complete history of the product and manufacturer. The blockchain for timepieces initiative will apparently help and fight counterfeiters while guaranteeing authenticity of the watches as well as protecting the customers from purchasing fake ones.
“[Blockchain] makes it possible to create a forgery-proof digital certificate of authenticity, which follows the watch throughout its life, even if that involves several changes of owner. A unique number is thus assigned to a unique object, making the two inseparable and securing data relating to the property, value, nature and authenticity of the timepiece," the company said in an official statement.Vacheron Constantin is however not the first big manufacturer interested in blockchain for as a technology and featured in the coming altcoin news. Earlier this year, the major global fiber producer Lenzing announced that it will implement blockchain and bring more transparency to its fiber supply chain, launching a traceabilit platform in 2020 as the company reports showed.
"Founded in 1755, Vacheron Constantin will begin using Blockchain immediately with timepieces in its Les Collectionneurs program. Now each of the vintage watches, which have been patiently tracked down by the maison’s heritage specialists and restored to perfect working order before being sold at special events at their boutiques, will be sold with a paper certificate of authenticity along with an incorruptible digital certificate," the news concluded
Margin Trading Service Soon Available On Binance Crypto Exchange
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