Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
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Sygnum Valued at $800M in $90M Funding Round: Report
Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company.Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement.Sygnum is based in … [Read more...] about Sygnum Valued at $800M in $90M Funding Round: Report
Softbank leads $800M investment for banking app Revolut
Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round.The new investment round is led by Japanese financial giant SoftBank and United States hedge fund Tiger Global, which collectively hold around 5% in Revolut, CNBC reported Thursday.The round values Revolut at $33 billion, marking a sixfold increase from the … [Read more...] about Softbank leads $800M investment for banking app Revolut