The Huobi US platform closes
HBUS, the crypto exchange platform dedicated to the US market of Huobi.com, will stop activity on December 15th.
“We regret to inform you that Huobi US is closing, so that it can return in a more integrated and impactful manner as part of its ongoing strategic structure.”
HBUS, the platform that was to replace the international Huobi service for American customers, was launched just a few months ago. Trading volumes on HBUS dropped to about $ 220,000 a day, especially as it offered only a conservative selection of 56 pairs. Many altcoins have not been offered because of US securities laws.
Users have until January 31, 2020 to withdraw their funds.
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LedgerX founders, sent on administrative leave
The founders of LedgerX, Paul and Juthica Chou were “placed on administrative leave”, according to a press release from the company. Ledger Holdings CEO Larry E. Thompson has been named interim CEO.
LedgerX offers bitcoin derivatives to US institutional and retail investors, mainly physically liquidated options and swap contracts. The company failed in an attempt to launch physically liquidated bitcoin futures contracts earlier this year. According to information circulated in the press in September, Paul Chou claimed that the rejection of the application submitted to the CFTC was due to the animosity of the former president of the authority towards him.
eToro plans to launch a crypto debit card in 2020
The eToro investment platform plans to launch a debit card for customers in the first half of 2020. According to information published in the press, the card will be initially launched in the UK.
Head of eToro’s PR and Communications, Amy Butler confirmed that the company is working to launch this debit card next year. However, it did not provide concrete details regarding the new service.
However, it is assumed that users will be able to connect the card to the accounts on the platform, similar to the one offered by Coinbase.
80 Japanese banks will join JPMorgan’s blockchain platform
More than 80 banks in Japan were interested in joining JPMorgan’s blockchain payment platform, the Interbank Information Network (IIN).
Daizaburo Sanai, chief executive of JPMorgan, told Bloomberg that the network currently includes more than 360 banks worldwide. These include Deutsche Bank, Royal Bank of Canada and Australia and the Bank of New Zealand (ANZ), among others.
Sanai said IIN could help Japanese banks to combat money laundering risks, as the network makes recipient screening “faster and more efficient.” IIN was launched in 2017 and is based on the Quorum blockchain, developed by JPMorgan.
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