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CXT is live and available for trading!
We’re thrilled to announce that Covalent (CXT) is now available on Kraken! Funding and trading CXT trading is live as of 14:00 PM UTC today, August 8th, 2024. To add $CXT to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens using the networks supported by Kraken. Deposits made using other networks will be lost. CXT is tradeable on Kraken and Kraken Pro with the following parameters: Asset Pair Price decimal precision Minimum order size Minimum deposit CXT USD, EUR 5 40 40 Note: Trading via Kraken App and...
CBN sets new guidelines for Interbank FX trading via EFEMS
The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign exchange trading through its Electronic Foreign Exchange Matching System (EFEMS), effective November 25, 2024. Dr. Omolara Duke, Director of the Financial Markets Department, signed the directive to improve transparency, efficiency, and compliance in Nigeria’s foreign exchange market. Key highlights of the new guidelines include: Trading Requirements: The CBN now requires a minimum trade value of $100,000 for interbank foreign exchange transactions, with incremental trades of at least $50,000. This approach aims to standardize trade sizes and reduce financial risks. Platform and Timing: Bloomberg’s BMatch will serve as the...
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto Market Struggles Despite the broader crypto market enduring a sharp downturn during Monday’s trading, ETH-based ETFs in the U.S. posted gains, according to sosovalue.xyz stats. The $48.73 million in inflows was predominantly driven by Blackrock’s ETHA fund, which secured $47.09 million. Vaneck’s ETHV followed with $16.62...
