Daily Archives: 31/08/2020

Online retailer Galaxus makes first payment with Sygnum’s DCHF stablecoin

Galaxus, Switzerland’s largest online retailer, partnered with Coinify to make the first payment using the digital Swiss franc DCHF issued by Sygnum Bank. Sygnum Bank, Coinify and Galaxus have announced the world’s first e-commerce transaction using the bank-issued Sygnum Digital Swiss Franc (DCHF) stablecoin pegged to the Swiss franc at a 1: 1 ratio. DCHF eliminates the need for a bank card system, reduces costs and the likelihood of fraud, and processes transactions in real…

BVV: over 95% of cryptocurrency futures trading volume is on Asian exchanges

Asian exchanges account for more than 95% of cryptocurrency futures contracts trading volume, according to a new report by Swiss company Blockchain Valley Ventures (BVV). As BVV states in its report, Asian exchanges account for 95% of cryptocurrency futures trading, while Huobi, Binance and OKEx have surpassed BitMEX to become the leading spot and derivatives markets. At the same time, 83% of the trading volume for cryptocurrency derivatives is carried out on six exchanges, and…