Crypto News: May 6 - May 25, 2019

Binance launching margin trading

Market leading crypto exchange Binance has confirmed via Twitter that it will be adding the possibility of margin-trading on its platform in the near future.

Binance recently tweeted a sneak peak of the possible user interface, currently still under construction:

 

Margin trading is a feature that lets traders use their balance as collateral to super-size their purchasing power. It is a much anticipated feature that is considered by many as an important step forward in the maturing of the crypto trading space.

Robinhood launches crypto in New York

The popular US based stock and crypto investing app Robinhood, had been awarded a  BitLicense from the New York Department of Financial Services (NYDFS) in January 2019.

Following the award of the BitLicense, Robinhood has recently announced in a press release that it will launch bitcoin, ethereum, and other cryptocurrency trading in New York, as of May 23, 2019.

 

AT&T accepts BTC for bill payments

 

Major U.S. mobile carrier AT&T has announced in a press release that it is now accepting crypto payments for bill payments. The company has partnered up with BitPay for the processing of such crypto payments. With this announcement, AT&T becomes the first major U.S. mobile carrier to provide the option to customers to pay in crypto.

Kevin McDorman, the Vice President of Communications Finance Business Operations at AT&T, stated:

We’re always looking for ways to improve and expand our services. We have customers who use cryptocurrency, and we are happy; we can offer them a way to pay their bills with the method they prefer.

Grayscale's ETH Trust approved.

Grayscale Investments, a global leader in digital currency asset management, recently announced through a press release that its common units of fractional undivided beneficial interest (i.e. shares) in the Grayscale Ethereum Trust were approved by FINRA for a public quotation on the OTC Markets.

Grayscale Ethereum Trust shares are among the first securities solely invested in and deriving value from the price of ETH. Grayscale Ethereum Trust enables institutional and accredited individual investors investors to gain exposure to the price movement of ETH through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Ethereum.


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