Stock Market logoStock Market Station

All the stock market news, every minute updated!

16 June 2021
10:49 hour

What are the Best Exchanges for Crypto Margin Trading?

Wallstreet Survivor

08/02/2021 - 20:14

Bitcoin (BTC) and other digital currencies can actually be leveraged multiple times on certain trading platforms. Let’s explore the best exchanges for crypto margin trading online. Leveraged trading is commonly employed in the stock market. Simply put, a leveraged position allows a trader to deposit a small amount of capital to trade a much larger Read More... The post What are the Best Exchanges for Crypto Margin Trading? appeared first on Wall Street Survivor.


READ THE FULL ARTICLE ON WALLSTREET SURVIVOR

Related headlines:

  1. Crypto cex vs stock exchanges during crashes (09/04/2021 - Reddit Stock Market)
    I know that some crypto centralized exchanges (except of course, super-regulated Coinbase) use auto-deleveraging and insurance funds to control huge downturns and crashes. Auto-leveraging has been an unwelcome surprise for some short whales when the market goes south. I was googling to see if the stock exchanges use auto-leveraging, and couldn't find any references. I am guessing they dont need it as they have limited daylight trading hours, trading halts, plenty of insurance, and government monetary/regulatory intervention. I'm not well versed in the inner workings of the stock market so if I am missing some points, I would appreciate some thoughts.   submitted by   /u/Deepfriedtire [link]   [comments]
    [visit article]
  2. Bitcoin Alert! Govt says crypto gains taxable as income, GST applicable on services by crypto exchanges (28/03/2021 - Financial Express)
    There is no data maintained by the government on crypto earnings as there is no provision in the IT return to capture data on such earnings.
    [visit article]
  3. Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem (14/04/2021 - Financial Express)
    The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012 by Brian Armstrong.
    [visit article]
  4. Startups, exchanges haunted again by fear of likely crypto ban; suggest steps to protect investors (16/03/2021 - Financial Express)
    Bitcoin had dropped to $53,834 on Tuesday morning from the $61,000 mark in the wee hours of Sunday. The cryptocurrency was trading at $55,657 on Tuesday afternoon.
    [visit article]
  5. Is stock market cap getting pooled into crypto? (14/05/2021 - Reddit Stock Market)
    "As of December 31, 2019, the total market capitalization of all stocks worldwide was approximately US$70.75 trillion." - wiki My concern is that money is being pooled out of the stock market and into the crypto market. I'm not sure if I'm in an echo chamber from AI figuring out I need more content related to crypto, but thats all my electronic info feeds give me making me believe crypto is hot af right now. Then I see the trading volumes for these coins and its high af, along with the market cap of some of these coins. At the same time, my stocks are getting shat on; I'm getting margin called ffs. I'm at the point where I'm considering selling all my stocks. so question is: to what degree can we attribute the recent stock market headwind to the recent crypto tailwind?   submitted by   /u/hamidabuddy [link]   [comments]
    [visit article]
  6. Breaking down banks vs crypto exchanges: What latest salvo by lenders mean for red-hot sector, its users (24/05/2021 - Financial Express)
    In April 2018, RBI had banned banks from supporting crypto transactions after cases of fraud through virtual currencies were reported. However, the Supreme Court had struck down the ban in March 2020.
    [visit article]
  7. The Margin: GasBuddy jumps to No.1 on Apple, overtakes crypto-focused Coinbase App, as gasoline prices hit $3 for first time in 6 1/2 years (12/05/2021 - Market Watch)
    Interest in gasoline prices appear to be overtaking appetite for crypto trading prices, at least on Apple's App store on Wednesday.
    [visit article]
  8. The Margin: GasBuddy jumps to No.1 on Apple, overtakes crypto-focused Coinbase App, as gasoline prices hit $3 for first time in 6 1/2 years (12/05/2021 - Market Watch)
    Interest in gasoline prices appear to be overtaking appetite for crypto trading prices, at least on Apple's App store on Wednesday.
    [visit article]
  9. Do you believe the crypto market needs to be regulated? (04/05/2021 - Reddit Stock Market)
    This is such a difficult question and it’d also be very difficult to regulate or even moderate any forms of illegal activity in the crypto market. One of the very few reasons why COIN IPO was approved in the first place was so that SEC can have greater access to the crypto market in attempts to regulate some of the trading activities. They want their hands on anything that’s considered to be a high-valued lucrative asset and why wouldn’t they? But I would imagine trying to set rules in a place that’s complete out of their jurisdiction isn’t easy to do or even possible at all besides banning the trading of crypto XYZ on exchanges. Some cryptos that I assume SEC wants off their list are cryptos that possess attributes of DOGE and FULLSEND. Both of currency have no utility values besides sticking up a middle finger to the stock/bond market. Gunk that’s currently worth 60B isn’t probably something that SEC finds appealing nor acceptable when they ransack the entire NYSE, NASDAQ, OTCQX, OTCQB and PINK market every second to find any misinformation that brings a stock up 30% in value ensuing criminal charges. Engaging in the trading of DOGE is pretty much playing hot potato at this point and it’s a surety that there’s some level of manipulation that’s led to the current prices because obviously, the fundamentals don’t justify it. When GME was scrutinized so heavily with countless circuit breakers, shutting DOGE down is a no brainer to protect the average clueless investor.   submitted by   /u/water_boat [link]   [comments]
    [visit article]
  10. South Korea May Shut Down All Crypto Exchanges (26/04/2021 - Investing.com)

    [visit article]
  11. What trading/research tools are you missing? (26/04/2021 - Reddit Stock Market)
    I'm developing an all-encompassing charting/research website that combines all the best parts of TradingView (charts & data) and FinViz (screeners & news). This is no side-project. I'm a software engineer obsessed with speed and usability, so the site is extremely fast, and silky smooth on mobile. The site covers Stocks, Options, Crypto, Forex, Mutual Funds, and Money Market Funds. Futures and Bonds will be added later this year. If it's a tradeable security, it will be added to the site. Trading directly from the site will be possible with all major brokerages and crypto exchanges. What are some essential features you need to have in order to use such a site on a regular basis? What are some awesome features that you would pay for on a monthly basis?   submitted by   /u/BackgroundProgram389 [link]   [comments]
    [visit article]
  12. A UK-Based Digital Bank Suspends All Payments To Crypto Exchanges (30/05/2021 - Investing.com)

    [visit article]
  13. Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021 (04/04/2021 - Financial Express)
    As per CoinMarketCap, WazirX was the 27th top crypto exchange globally based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes. Its 24-hour trading volume stood at $218 million with 137 coins available for trading to customers.
    [visit article]
  14. What trading/research tool are you missing? (24/04/2021 - Reddit Stock Market)
    I've spent the past 14 months developing an all-encompassing charting/research website that combines all the best parts of TradingView (charts & data) and FinViz (screeners & news). This is no side-project. I'm a software engineer obsessed with speed and usability, so the site is extremely fast, and silky smooth on mobile. The site covers Stocks, Options, Crypto, Forex, Mutual Funds, and Money Market Funds. Futures and Bonds will be added later this year. If it's a tradeable security, it will be added to the site. Trading directly from the site will be possible with all major brokerages and crypto exchanges. ​ What are some essential features you need to have in order to use such a site on a regular basis? What are some awesome features that would get you to part with a hard-earned Hamilton on a monthly basis?   submitted by   /u/BackgroundProgram389 [link]   [comments]
    [visit article]
  15. Crypto exchange Bitex begins providing cryptocurrency investment disclosure following govt mandate (20/04/2021 - Financial Express)
    The government had last month announced the amendments made in schedule III of the Companies Act for exchanges to disclose profit or loss on transactions involving cryptocurrency, amount of currency held, and deposits or advances from any person for the purpose of trading or investing in cryptocurrency.
    [visit article]
  16. Is Robinhood safe? (14/05/2021 - Reddit Stock Market)
    Hey I am getting into trading and wanted to check out Robinhood but I have read that they have been hacked in the past and it is kind of giving me pause. I was wondering if they are still having these problems, and if so are there any other brokerages that you can trade crypto on without actually having to own it (no private keys). I read Robinhood is also commission free on crypto which also has me interested. It also seems like the only non-crypto brokerage that allows trading of cryptos, granted you don’t actually own them on there. Thanks for any advice or suggestions on this!   submitted by   /u/teck8399 [link]   [comments]
    [visit article]
  17. Taxes for Crypto and Stocks (21/04/2021 - Reddit Stocks)
    What is the best way to sort out and get taxes done for crypto and Stock investments? I did alot of day trading, swing trading, options contracts, and buying and selling of Cryptocurrencies last year. I heard turbotax might me a good option because aparrently you can directly import all your stock and crypto info from Robinhood and Coinbase. Or would it be better to go directly to a tax person to have this done?   submitted by   /u/Sinistuh23 [link]   [comments]
    [visit article]
  18. Crypto’s ! (16/04/2021 - Reddit Stock Market)
    We are looking at none other than BTC ethererum. ???? remember crypto is something you can trade round the clock, 24/7?. With that said BTC is seeing some selling pressure today, after turkey’s central bank banned the use of crypto assets in the country, citing unforeseen as the main reasons! BTC is trading ????3% lower today, and further volatility is to be expected, the same Goes for ethererum, which is trading ???? 3.5% lower at the moment. Stop loss would be your friend if you decide to invest in this asset at a lower price point. Have a great weekend everyone and trade smart ??   submitted by   /u/purple_lil [link]   [comments]
    [visit article]
  19. Does offering more shares mean the stock is gonna dip? (10/03/2021 - Reddit Stock Market)
    ​ This is a company Id like to hold long term as it pays a nice dividend and I see a high potential for growth. They hold crypto assets from all the major crypto exchanges. I'm betting that the coinbase IPO pumps all crypto related stocks. I own a little of silvergate now and I'm wondering if this news will cause the stock to drop temporarily. I know this happened with microstrategy (MSTR) recently. If I understand this correctly the shares are being diluted so I'm wondering whether it makes sense to sell now and rebuy at a future date. https://www.marketwatch.com/story/digital-currency-exchange-operator-silvergate-capital-plans-300-public-stock-offering-2021-03-09   submitted by   /u/MilitaryAttractions [link]   [comments]
    [visit article]
  20. Cryptos: Overstock CEO says Coinbase, Robinhood are in its crosshairs as it builds out rival crypto trading venue (20/04/2021 - Market Watch)
    Overstock CEO Jonathan “JJ” Johnson says he's hoping that one day tZero, a much smaller trading platform that offers some services similar to Coinbase, will be a legitimate rival to the crypto behemoth that just listed on the Nasdaq Inc. last Wednesday with a valuation that briefly hit around $100 billion.
    [visit article]
  21. Question: Stocks on 2 different exchanges how are the prices related? (08/04/2021 - Reddit Stock Market)
    So I tried asking on r/stocks but I don’t think I worded my question correctly so I’m trying again. If there is a stock listed on 2 different exchanges, in this case I’m looking at RNSFF and ROE (they are both the same company), there is often a significant gap between the two of them (one was at +4% and the other was at +0%). My question is how are the values priced between the two? A lot of people mentioned arbitrage and arbitrageurs but I want to know, NOT taking arbitrage into account, is there some mechanism that keeps the stocks values equivalent to each other? I’m NOT talking about arbitrage. I’m wondering if the way the stocks are actually priced (how the system comes up with the $ amount value for the stocks) is synchronized in any way? So does the value shown for the stock on the TSX have any correlation with the stock on the NASDAQ? So like if the stock on the TSX goes up +5% and the stock stays the same price on the NASDAQ at +0% do the two exchanges end up averaging out the value somehow or are they completely separate systems which aren’t linked at all? Common sense would dictate that if a share on one exchange was going for $5 and it was going for $2 on the other and both exchanges had the same number of shares then it would average out at $3.50. Maybe a bit lower if one of them is Canadian. And then at some point it would be updated to that amount on both exchanges. Is that the case though? So do different exchanges that have listings for the same company somehow balance numbers between the two of them and talk to each other? Right now people are telling me that without arbitrageurs there is no system in place to keep the shares equally priced. Is that true? And they could theoretically drift apart infinitely? Or is that false? And the two exchanges will average out the price per share based on the share price on both exchanges and the share count between the two of them?   submitted by   /u/TheSqueezeHasSquozen [link]   [comments]
    [visit article]
  22. LRC can make everyone Rich! (02/05/2021 - Reddit Stock Market)
    Loopring is an Layer-2 scaling protocol. It allows for building high-throughput, low-cost, non-custodial AMMs, orderbook exchanges, and payment applications on Ethereum by leveraging Zero-Knowledge Proofs. LOW COST Loopring performs most operations, including trade and transfer settlement, off of blockchain. This dramatically reduces gas consumption and overall transaction cost to small fractions of comparable on-chain cost. HIGH THROUGHPUT Loopring powers highly scalable decentralized exchanges and payments by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of crypto is no longer the bottleneck.   submitted by   /u/Ballerjoe_612 [link]   [comments]
    [visit article]
  23. Eli5: Margin call? (05/05/2021 - Reddit Stocks)
    So i had $6169.98 of cash in my trading account that I used to buy shares of a certain stock. However, I made a mistake and bought them on margin instead for $6188.46. Today, the price dropped significantly and I subsequently received an email for a margin call that is due in 4 days. My question is how can i get rid of this margin debt? If I add $300 cash in my account, would that resolve the margin call? It says in the email that i have a house call due for $6188.46 despite using $6169.98 in cash? Ps: I wanted to learn option so i requested for that to be activated in my account. However, I guess that included activating margin as well. I never intend to trade on margin. Any advice would be appreciated.   submitted by   /u/Athrun360 [link]   [comments]
    [visit article]
  24. How does crypto tracking work? (16/04/2021 - Reddit Stock Market)
    I'm new to crypto and have been reading as much as possible about it, but this doesn't make sense to me. From what I understand, one of the benefits of crypto is that it's transparent and tracable. Yes, I can look up any transaction I want, but how do I know who it belongs to? The transactions are completely anonymous, so I'm not understanding how this is beneficial. For example, if someone was using crypto for nefarious means, how would anyone track that back to the source? How would we know if a politician was the one doing shady stuff with crypto? How would we know if it was a billionaire using crypto to manipulate the market? Thanks in advance for replying to this. And I'm a huge nerd, so if you have any books or resources that dive into this, I'd appreciate it.   submitted by   /u/mstzbootman [link]   [comments]
    [visit article]
  25. Coinbase IPO. A stock tied to the 3 year long bear markets and volatility of Crypto without, at least, providing an occasional x10. (26/02/2021 - Reddit Stocks)
    Before you trash, please read. A terrible company loathed within the Crypto world itself, with persistent crashes during significant moments of market spikes (great trading opportunities). By the time it releases (which, at the earliest, will be March), the Crypto euphoria appears to be diving into a bear market (the signs are OH SO similar to early 2018). While Crypto is in the bear market (for, presumably, the next 3 years), there's absolutely no reason for this stock to escalate. If Crypto doesn't enter a bear market, Bitcoin and practically any of the other "blue chip" crypto-token will outperform this stock by a ridiculous amount. This stock also panders to a whole new generation of gamblers hoping that maybe they'll be in on something new, and when it crashes/dips soon after release and doesn't provide the x10-20 gains they're expecting from crypto... Can anyone sell me on this stock?   submitted by   /u/Concerta1 [link]   [comments]
    [visit article]
  26. I don't understand the hate towards crypto (31/05/2021 - Reddit Stock Market)
    Im 29. I talk about crypto with my older cousins and relatives. Literally all of them simply ignore crypto while investing in stocks. They say they don't trust it, it's not going anywhere, blah blah blah. I hear this all over besides within my family and I genuinely do not understand it. Instead of doing research which could lead to big gains, people are simply idnorimg crypto all together. If you're in this subreddit and you're ignoring crypto, I'm genuinely curious as to why? It makes no sense to me. I've made more money in crypto than any stock I've invested in. Yes I'm new to stocks in general, but crypto has changed my life so far.   submitted by   /u/NickG8971 [link]   [comments]
    [visit article]
  27. Interested in buying my first crypto ever, advice and help needed. Have no idea what to do. (26/04/2021 - Reddit Stock Market)
    So I own various stocks but no crypto whatsoever. I really still don't understand what crypto is despite my many attemps to understand it, which is why I haven't taken the plunge and purchased any yet. Mainly I don't quite understand the differences between market securities and crypto, and how they differ both in the nature of the return they provide as well as just sheer technical differences. I'm interested in some crypto ETFs, but I genuinely have no idea where to start. Can I buy crypto through my investing account? Do I exchange it the same way I would if buying foreign currency? Sorry if i sound like i'm a noob but that's only because i am a noob. Any passionate crypto fanatics out there want to ELI5 how I can select a crypto, and go about actually buying it? The things I'm most confused about is just how to actually purchase it, and how it differs from purchasing a security, or if it's just the same?   submitted by   /u/stonkonlygoup95 [link]   [comments]
    [visit article]
  28. Laxmi Organic shares list on stock exchanges at premium; begin trading 20% over IPO price (25/03/2021 - Financial Express)
    Laxmi Organic Industries stocks began trading at Rs 156.20 per share, up Rs 26.20 from the IPO price of Rs 130 apiece.
    [visit article]
  29. DHFL shares stop trading on NSE, BSE; existing stock worth zero now (14/06/2021 - Financial Express)
    Shares of Dewan Housing Finance Corporation Ltd (DHFL) stopped trading on the stock exchanges from today, as BSE and NSE informed investors over the weekend.
    [visit article]
  30. Margin call (12/03/2021 - Reddit Stock Market)
    Im super confused with margin. I have always used it and I have always done well with it. Now that I am experiencing the first market correction, I’m holding bags. This has caused a margin call on me. Before it was normal I had to sell a stock and didn’t owe any money. However the next day I received a margin call again for the exact amount of margin I have outstanding. Why do they do this?? It’s like they revoked my margin completely. I don’t want my account to be liquidated but I don’t. Have the rest of the money owed. What can be done. I owe exactly $1163.61 and that is the same balance as the current margin outstanding. Please help.   submitted by   /u/Warrior7872 [link]   [comments]
    [visit article]
  31. Interactive Brokers to offer crypto trading by the end of summer (09/06/2021 - Reddit Stock Market)
    https://finance.yahoo.com/news/interactive-brokers-offer-crypto-trading-143902588.html Wed, June 9, 2021, 10:39 AM IBKR+1.34% NEW YORK (Reuters) - Interactive Brokers Group Inc plans to begin offering cryptocurrency trading through its brokerage within a few months, the company's chairman said on Wednesday. "Customers are asking for it and we expect to be ready to offer it to them by the end of the summer," Interactive Brokers founder and chairman Thomas Peterffy said at a conference held by Piper Sandler. Peterffy did not say which cryptocurrencies would be available to trade, but the New York-based brokerage began offering bitcoin futures in December 2017. The biggest hurdle to offering crypto-trading has been ensuring Interactive Brokers can keep its customers' digital coins safe, Peterffy added. "Think about it, how do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable," he said. (Reporting by John McCrank; Editing by Chizu Nomiyama)   submitted by   /u/SavannahSmiles_ [link]   [comments]
    [visit article]
  32. Question on stock price between exchanges across the world (22/04/2021 - Reddit Stocks)
    Hi, I have not been able to find an answer via Google (maybe because I don't know the right terms to search): A stock is listed at NASDAQ. NASDAQ is closed. The same stock can be traded at exchanges across the world. During NASDAQ's closing hours, the stock is traded at exchanges in APAC and EMEA and stock price rises above NASDAQ's closing price. NASDAQ opens. How is the new price at NASDAQ set and how does it affect the global stock price if NASDAQ is a) the stock's original listing place and b) the market with the most trades?   submitted by   /u/judgesmoo [link]   [comments]
    [visit article]
  33. Why is BP Plc priced at $26 dollars in NSY but around 4€ on the Frankfurt exchange? (11/05/2021 - Reddit Stocks)
    Hi everybody, I looked up BP Plc on Degiro and it shows up 9 times on different exchanges which I understand even if I'm very new to this. However, how come there's such a price difference for the same stock? What's up with that? I look at both charts for 1 year on the two exchanges and they have basically moved the same way, I just don't get where the difference in price comes from for the same stock...   submitted by   /u/DonManoloTrips [link]   [comments]
    [visit article]
  34. GALAXY DIGITAL – an incredibly profitable, innovative crypto company that is trading at a huge discount to peer group – SUPER VALUE PLAY (07/06/2021 - Reddit Stocks)
    Just gonna put the TLDR up here – Galaxy Digital (OTC: BRPHF) should gain up to 1,000% when uplisted and re-rated closer to Coinbase’s multiple. Putting you all on to the company that is going to be hands-down THE LEADER in the crypto space for years to come – Galaxy Digital Holdings. DD below – but this has the potential for an easy 5x in the next 12 months max. My last DD here was downvoted to hell because of illiquidity, but check the tape and you’ll see it popped 50% since my post. This play is much safer, with a strong competitive advantage, incredible financials, exceptional management and multiple upcoming catalysts. Currently it just trades as a proxy to BTC, but the business is much more solid and high growth than most realize – with almost no institutional or retail interest in the stock. GALAXY DIGITAL HOLDINGS (trades on the TSX under GLXY, OTC in the US under BRPHF) is an innovative and diversified crypto company. It’s run by Mike Novogratz, who is super smart and was a longtime exec at Goldman Sachs, running all of Lat Am for them. He pivoted to the crypto space and started Galaxy as the first full service crypto bank/services/hedge fund – being a bridge for crpyto to the institutional space and encompassing investment banking/advisory, crypto venture capital, and hedge fund/market making operations. Already, Galaxy Digital is helping managing the crypto exposure for Goldman Sachs and Morgan Stanley clients – as the partner for their first institutional offerings. They recently acquired BitGo, the digital asset infrastructure provider, signaling their ability to offer a breadth of services no one else can. Upcoming catalysts are Q2 earnings – where their earnings stability will be put to the test as well as potential uplisting to Nasdaq which Novo has been hinting at for months. Once this hits the US exchanges, it’ll be part of every crypto-exposed portfolio and ETF, and I believe is the company with the biggest longterm prospects in the space. But the REAL BREAD AND BUTTER here is how insanely profitable the company is, and the pitiful multiple it currently trades at. THE COMPANY MADE OVER 1 BILLION DOLLARS IN PROFITS LAST QUARTER ALONE, and earnings growth is through the roof the past few quarters. That is equivalent to Coinbase’s earnings last quarter. Most of these are trading profits, and it seems they’ve really hit their stride. Despite that, when accounting for all the fully-diluted shares, the current market cap is around $7 billion – Less than 1/6th of Coinbase’s market capitalization. The P/E ratio comparison is even crazier – Galaxy is trading at 5x earnings, while Coinbase trades at 45.5x earnings. IN SHORT, ONCE GALAXY RE-RATES CLOSER TO COIN’S MULTIPLES, THE PRICE COULD GO AS HIGH AS 160/SHARE – a 1,000% return. There are some concerns about their earnings stability given the recent volatility in the crypto market, as well as dilution (they are issuing stock to fund their M&A), but I think neither of those are real concern in the long term. Mike Novo is a true GALAXY brain who’s killed it in both traditional finance and crypto, and the company is printing money. The market hasn’t caught on yet – get in now. Position: 2,000 shares   submitted by   /u/enter57chambers [link]   [comments]
    [visit article]
  35. Market Extra: Crypto for the long term: what’s the outlook? (15/04/2021 - Market Watch)
    As cryptocurrencies take a big step into maturity with the trading debut of Coinbase, it's time to consider their long-term outlook. A pair of financial-markets experts weighed in on that idea at the MarketWatch-Barron’s event Investing In Crypto, held Wednesday.
    [visit article]
  36. BIGG Digital Assets Inc.(CSE: BIGG/ OTCQX: BBKCF/ WKN: A2PS9W)Canadian Crypto Platform with Solutions to Trace Blockchain Transactions (17/05/2021 - Reddit Stock Market)
    Highlights: BIGG is a blockchain technology company in the crypto space with two solutions: Netcoins, a crypto trading platform primarily targeting Canadian investors, and BitRank and QLUE, products designed to assess risk levels of crypto transactions, and trace transactions for forensic purposes. Netcoins reported $1.25M in revenue in February 2021, significantly surpassing Q3-2020 revenue of $643k. BIGG raised over $42M through multiple rounds of financing since the end of Q3-2020, and is currently in a strong cash position. The company’s current focus is to position itself as Canada’s leading regulated crypto trading platform. It has filed applications with regulators and is targeting approval for April 2021. Currently, Wealthsimple is the only regulated crypto trading platform in Canada, but it only offers bitcoin and ethereum trading. Major international players (i.e. Binance, Coinbase) are not currently regulated in Canada. Bitcoin prices have surged significantly in recent months (up 692% YoY), indicating rising investor appetite for cryptos. The global digital wallet user-base has been steadily increasing. In Canada, the Bitcoin ATM count was 874 at the end of 2020, up from just 58 in 2015. In 2021, Mastercard (NYSE: MA), Bank of New York Mellon (NYSE: BK), JPMorgan (NYSE: JPM), and Morgan Stanley (NYSE: MS) stated their intent to get into crypto offerings. With large institutional players entering the sector, and growing retail enthusiasm around cryptos, we believe the emphasis on risk and compliance will grow exponentially. Being one of the first movers, we believe BIGG is well positioned to capture this growth Company Overview BIGG is a Vancouver based company, with operational presence in the U.S. Currently, the company has two primary operating divisions: Netcoins (primary revenue driver) – online cryptocurrency brokerage, positioning itself to be Canada’s regulated crypto trading platform (application filed for registration from the British Columbia Securities Commission / BCSC, and the Canadian Securities Administrators / CSA). Blockchain Intelligence Group – focused on Anti-Money Laundering (AML), compliance, and other forensic services in the crypto sector using big data. The company had an average QoQ revenue growth of 47% over the last five quarters. Per management guidance, Q4-2020 (ending December 31, 2020) and Q1-2021 revenues were $950k and $3.5M, respectively. Netcoins Netcoins was acquired by BIGG on August 1, 2019, for approximately $2.8M (paid in common shares). It has processed approximately $350M in transactions to date, with $178M in the first two months of 2021. It had reported monthly revenue of $1.25M in February 2021 (up 41% MoM, and 2,695% YoY). Revenue Model: Commission on trading is the primary revenue driver. Management noted the fee is in the 1% - 1.5% range. We note that this fee is higher than the spot trading rates of larger exchanges. For example, Binance’s fee starts from 0.10%, and Coinbase’s starts from 0.50%. However, management noted that Netcoins’ fee does not have any hidden fees (i.e. spreads), and is competitively priced. Given the recent surge in transaction volume on the platform, we believe users do not perceive Netcoins’ fee to be significantly higher than its alternatives. We believe Netcoins’ differentiating point vs larger international players is that it is integrated with the Canadian banking system. This feature is only provided by a handful of Canadian exchanges like Bitbuy, CoinSmart, Coinberry, etc. Blockchain Intelligence Group (BIG) The company has disclosed multiple contracts with varied terms, adding up to $1.8M in revenue since 2018. We note that the average contract size is $191k/year. The platform currently supports seven major currencies (BTC, ETH, LTC, BCH, BSV, XRP, and XLM). Under BIG, there are two solutions that complement each other, discussed next: BitRank Verified™ BitRank provides users with a safety ranking (risk score) of the wallet involved in a crypto transaction. Risk profiling provides a simple to use safety score between 0 and 100; with 100 representing low risk, and 0 representing a very high-risk profile This solution is focused on: 1. Complying with Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Know-Your-Customer (KYC) standards. 2. Delivering transparency regarding the source and legitimacy of transactions 3. Providing users with confidence that transactions are not involved with, or implicated in criminal activities Revenue Model: Up-front fee and a license fee (undisclosed); additional service charge for forensic investigation assistance, and other features. Target Client-base: Risk and credit management companies, financial institutions, ATMs, exchanges and investment platforms, government agencies, crypto-mining companies.   submitted by   /u/Good_vibes311 [link]   [comments]
    [visit article]
  37. Suggestions for Portfolio Margin accounts (12/06/2021 - Reddit Stocks)
    I'm going to trade my strategy of leveraged long positions in 15 stocks (more value oriented, so not wild Biotech stocks, for example), and shorting an ETF that tracks an index. It would be net long 100% by being 200% long individual stocks and 100% short an index ETF. I'm looking at portfolio margin accounts and seeing rates like 7%. My current account (no margin) is with Schwab which I like, but it says their base rate is 6.5%, which seems wild. Does anybody have any experience with Portfolio Margin for holdings held for a longer term (no day trading) and recommend which brokers to use.   submitted by   /u/The_Nomadic_Nerd [link]   [comments]
    [visit article]
  38. How margin and short interest rate works for those who are curious. (17/04/2021 - Reddit Stock Market)
    Short interest and Margin interest is APR and daily rates are based on trading days per year. There are 365 days/year and 52 weekends that you cant trade on. So that brings the amount of days interest is charged on to 261. (365- 52x2) There are also a handful of holidays and other days the exchanges are closed so we will say 11 of those (xmas, 4july, thanksgiving, memorial, etc) so whatever the interest rate is at they are paying you divide that by 250. (261-11). So lets say interest rate is 20% or .2 We take .2 / 250 = .0008 daily interest. If the amount you are buying on margin is $10000you will pay $8/day interest. (10000 x .0008) If the shares they are shorting are worth fuck lets say 500 million then they will be paying 400k/day interest. (500mil x.0008) The math equations without numbers look like this. APR / TD = DPR (EDIT: I was typing this on my phone and put a multiplication sign instead of a division sign thank you to u/bruceismynickname for pointing that out.) APR= Annual Percentage Rate TD=trading days DPR= Daily Percentage Rate. DPR x CoS =DDO DPR=Daily Percentage Rate CoS= Average Cost of Shares DDO= Daily Dollars Owed Now obviously the letters I have used aren’t very mathematically oriented (my math profs would have laughed me out of their offices) but I figured those letters corresponded nicely to what they are meant to represent. If you buy on margin or are interested in finding a rough amount shorters might owe daily these equations can help you with the math. Sincerely, Biscuit Also I have some asshole (shill?) downvoting my posts so people can’t see them. If you like this at all feel free to copy paste it to your other stock forms or share it with your friends. Important: Let’s Spread Awareness My dear Apes let’s spread awareness of what an massive fraud is happening currently on the stock markets. What better way is there than than educating ourselves and others? For the community Thus I’ve prepared something for real ???????? and I’m sure the community loves it too. Lets show the whole world that we BUY THE FKN DIP ???????????? Not financial advice This is not financial advice. I’m just an idiat who has no clue what he’a taklking about. I just like the stock.   submitted by   /u/DeerLegal [link]   [comments]
    [visit article]
  39. Crypto: Let the crypto price wars begin, as Robinhood touts ‘commission free’ trade vs. Coinbase rivals (03/06/2021 - Market Watch)
    Is a zero-commission war about to erupt in the crypto arena?
    [visit article]
  40. BookWatch: High-frequency trading brings real benefits but still could wind up hurting the stock market — here’s why (03/06/2021 - Market Watch)
    More and more trades are happening away from the public stock exchanges that set prices.
    [visit article]
  41. Crypto czars: Bitcoin mania among investors churns out nine new cryptocurrency billionaires (07/04/2021 - Financial Express)
    As of March 5, 2021, Founder of quantitative trading firm Alameda Research and derivatives exchange FTX Sam Bankman-Fried was crypto’s wealthiest billionaire with $8.7 billion net worth followed by Coinbase CEO and co-founder Brian Armstrong with a net worth of $6.5 billion.
    [visit article]
  42. Earnings Outlook: Coinbase earnings: The crypto platform’s stock could see 65% skid as competition picks up, says one analyst (12/05/2021 - Market Watch)
    Crypto platform Coinbase Global is set to issue highly anticipated quarterly results Thursday after the close of regular trading. Here's what analyst are expecting.
    [visit article]
  43. Stuck in margin question (29/03/2021 - Reddit Stock Market)
    Hey everyone. So 1 year ago I created a TD Account and put my life savings into it ($30,000). This whole time I've had the ability to use margin, but never did until recently. About a month and a half ago I decided to go heavily into margin on AMD, PLTR, and MSTR. Almost since the day I went into margin ($12,000) they've been dropping like flies. This is my first time in margin, and I have no idea how to get out of it. The stocks will just not even get close to where they were in price. Is there a strategy to average down if you cannot use anymore margin? For instace, if there is a big green day, should I sell off all my margin, and then buy it back on a red day? Because say I sell off on a green day, but I'm still down $4,000 in the stocks, when I re-invest on a red day, I'd only have 8k to use this time? Please if anyone has advice I'd really appreciate it.   submitted by   /u/as0844 [link]   [comments]
    [visit article]
  44. Crypto Time (09/05/2021 - Reddit Stock Market)
    Well, it’s the weekend ????, When it’s the weekend I love to focus more on Crypto. Ethererum is one asset you should consider at the moment. Think of it as Bitcoin that’s still living in 2017. Massive potential ??upside, great implantation potential. Another coin you can consider trading is Cardano, it recently hit a new all-time high and more trades roughly ????3.25% higher in the past 24 hours, and ???? 29.81 in the past week. I and my team of Analysts single out this Crypto as another one with a tremendous 3-5 year ??upside. Wait for a pullback and jump on the team buyers, of which there are 76% compared to 24% sellers. There you have it make a plan and stick to it. Happy weekend everyone ????   submitted by   /u/purple_lil [link]   [comments]
    [visit article]
  45. Bitcoin ban might trigger crypto firms to shift abroad, investors to transact on foreign exchanges: Expert (24/03/2021 - Financial Express)
    The Reserve Bank of India had continued to take a tough stance on the usage and adoption of cryptocurrencies in the country. Back in 2013 and 2017, the central bank had cautioned users against the possible financial, operational, legal, customer protection, and security-related risks in virtual currencies. In April 2018, it had virtually banned cryptos.
    [visit article]
  46. Need help with a possible margin issue (20/03/2021 - Reddit Stock Market)
    Trying to grasp margin. Underlying stock doesn’t match portfolio Hey, I know I might sound stupid, but I’m trying to understand something. I used margin last week for a few plays and closed out my margin yesterday. Now the underlying value of my options and stocks doesn’t match up with my portfolio value, even though I’ve paid off the margin. I understand that margin can incur additional risks and losses outside of the normal possibilities. I just am trying to wrap my head around how my underlying is not equaling to my portfolio when no margin is in use. Is this a normal risk of using margin or is there something more at play here that I am missing? I appreciate any light that someone would be willing to shed on this issue for me as it’s bothering me ever so slightly.   submitted by   /u/EnigmaticRiddler [link]   [comments]
    [visit article]
  47. Crypto: Coinbase’s stock rises as crypto platform says U.S. customers can use debit card in Apple, Google wallets (01/06/2021 - Market Watch)
    Shares of Coinbase climb Tuesday as the broader digital-asset complex attempts to rally following a listless weekend for crypto.
    [visit article]
  48. JOIN UP BOYS (28/04/2021 - Reddit Stock Market)
    Ima make this as short and simple as possible I want to invite anyone that is looking for a community to talk stocks to, share ideas and DD on stocks and crypto. https://discord.gg/AGnq39zUn3 What do we have? Fully free education section. Crypto, long term, swings, short, otc and many other floors to talk in. Flooded - our swing specialist Mini_tradez our day trade specialist We also do Live trading somtimes. We have much more. 99% of the discord is free. Why do we have premium? Premium is mostly there for ppl that want a cleaner chat. It can be a bit much with 21k members in 1 chat. We have profit/loss room you can check out Dm me if there is any questions. I am happy to help. Happy trading/investing!   submitted by   /u/CookiePsychological1 [link]   [comments]
    [visit article]
  49. Paypal launches crypto trading on Venmo app (20/04/2021 - Seeking Alpha)

    [visit article]

For more information mailto [email protected]. Disclaimer.