Point Roberts, WA and Delta, BC - April 23, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID ( NASDAQ: NXTD ) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: BTC Hits $5600, Binance Launches DEX Early, Robinhood Applies for Bank Charter and Chile's Finance Minister Proposes Regulatory Bill
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Total market capitalization for cryptocurrency has increased by $6 billion USD in the last 24 hours, growing from $179 billion yesterday to $185 billion at press time, according to CoinMarketCap . Leading crypto Bitcoin ( BTC ) has so far grown 5.2 percent in the last day rocketing to a trading price of $5600 from $5325 yesterday. Despite the performance of the flagship cryptocurrency, the rest of the top 100 coins listed by market cap are exhibiting a fairly even mix of red and green.
Crypto exchange giant Binance has launched their decentralized trading platform (DEX) today, coming earlier than expected according to a report from CoinDesk . A Binance representative told the outlet that trading will launch "as soon as tokens are issued and listed on Binance DEX, and trading pairs are created. We're expecting this to happen soon, in the next few days." In the announcement shared with CoinDesk, Binance CEO Changpeng Zhao said:
"We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system. ... With no central custody of funds, Binance DEX offers far more control over your own assets."
Financial services and stock and crypto trading company Robinhood has applied for a national bank charter, according to a report from S & P Global Market Intelligence . In a statement emailed to the outlet, Robinhood said:
"This is a first step towards being granted a national bank charter which would allow Robinhood to offer traditional banking products and services".
Cointelegraph reports that Chile's Minister of Finance, Felipe Larraín, has introduced a bill to Congress that would regulate the crypto and fintech spaces. Speaking of the bill, Larraín emphasized the need to lessen risks commonly associated with crypto:
"Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate. We want to adequately protect against the risks associated with this kind of activity."
Sam Mowers, Investorideas
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