Geneva, Latvia, December 4th, 2023, Chainwire

Dukascopy Bank, a leader in online banking and financial services, is pleased to announce the launch of its own service for peer-to-peer (P2P) exchange of cryptocurrencies. This innovative platform offers clients a secure and convenient way to trade cryptocurrencies against fiat currency.

The Dukascopy P2P cryptocurrency exchange service operates as a bulletin board, allowing clients to post their buy or sell ads for various coins paired with fiat currency (USD). Currently, the platform supports 14 major cryptocurrencies, with plans to include a broader range of altcoins and non-fungible tokens (NFTs).

Accessing the P2P crypto exchange service is easy for Dukascopy clients, who can find it within the Dukascopy Connect app under the dedicated P2P section. To utilize this service, clients are required to have an active Multi-Currency Account (MCA) with Dukascopy. In this manner, both customers have already been properly recognized by the Bank and have undergone the required regulatory checks when going through the process of opening their accounts. This helps provide extra clarity and trust for both sides involved in the transaction.

The buy or sell ads are of standardized format and thus are compliant with the requirements of the Bank. The fact that the ads are published in the environment of the Bank guarantees that clients reacting to an ad, thus expressing their intent to enter into the exchange transaction, actually do possess sufficient fiat funds in their account. This minimizes the risk of facing fake requests from counterparties not able to honour their obligations in the exchange transaction.

Further on, Dukascopy Bank plays a crucial role in ensuring the security of fiat settlements during P2P exchanges. When a client initiates a P2P exchange, the Bank temporarily locks the fiat funds of the buyer until the seller successfully delivers the traded cryptocurrency to the buyer’s crypto wallet. This secure process ensures a smooth and reliable transaction experience.

One of the distinguishing features of Dukascopy’s P2P solution is its focus on securing the fiat leg of the exchange. While other platforms primarily provide escrow services for the cryptocurrency leg of the transaction, Dukascopy Bank addresses the risk associated with fiat settlements, which are often harder to verify and control. Users are required to strictly adhere to the rules of the P2P marketplace and keep fiat funds within its secure perimeter. In the event of disputes, the Bank conducts its own investigation to facilitate a fair and secure resolution.

As part of its future development plans, Dukascopy Bank intends to offer API-based connectivity to the P2P marketplace, catering to more advanced and automated trading preferences.

Dukascopy Bank encourages its clients to explore the new P2P Marketplace and provide feedback through the Customer Support chat. The Bank values client input and is committed to continuously improving its services.

Dukascopy Bank’s customers can use the P2P service through the Dukascopy Connect app after they’ve created an account with Dukascopy. You can sign up for an account directly within the app. You’ll find the links to download the app on the P2P solution’s special webpage.

Dukascopy Bank firmly believes that clients using this innovative service will enjoy a safer environment for conducting P2P crypto-fiat exchange operations. To explore other crypto-related services, please visit https://www.dukas.io. General information on MultI-Currency Accounts (MCA) can be found at https://www.dukascopy.bank/

 About 

Dukascopy Bank SA Founded in 2004, Dukascopy Bank SA is a reputable Swiss financial institution regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a bank and securities firm. Committed to innovation and customer satisfaction, Dukascopy has been a pioneer in financial services for over two decades.

Contact

Ariza Abdujeva
Dukascopy Bank S.A.
ariza.abdujeva@dukascopy.com

Zug, Switzerland, December 1st, 2023, Chainwire

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

EREA World AG partnered with Europäische Metallhandels (EMH) AG to develop a cryptocurrency called TMNG, which stands for Technology Metal Network Global. EMH AG is the MARKET LEADER for commodities trading in Europe. TMN Global is a platform which combines traditional investing in technology metals, rare earth metals and precious metals, with modern blockchain and cryptocurrency benefits. The purpose of TMNG is to serve as a payment token to purchase tangible assets (metals) in the TMN Global shop.

MEXC, a renowned player in the cryptocurrency industry, consistently securing a position among the top 15 centralized exchanges, has recently ascended to an impressive top 5 ranking on CoinGecko.com. Boasting a daily trading volume average of 1 billion USD, MEXC has firmly established itself as a major influencer in the digital asset market.

TMN Global expresses its gratitude for the collaboration with MEXC exchange, which was founded in 2018 and serves over 10 million users across 170+ nations. MEXC’s commitment to industry standards and professionalism aligns seamlessly with TMN Global’s core values.

With industry-leading features, including the lowest fees, exceptional liquidity, and a state-of-the-art security system, MEXC stands out as a top-tier crypto exchange. Their high-performance trading engine, capable of processing 1.4 million transactions per second, sets new standards for efficiency and performance in the crypto trading space.

Security is paramount for both TMN Global and MEXC, with servers independently hosted across multiple countries to ensure optimal data integrity and user protection. This commitment to safety mirrors TMN Global’s dedication to providing a secure environment for its investors and users.

The collaboration between TMN Global and MEXC signifies a historic moment in crypto history, introducing the world’s first token providing users access to technology metals and rare earth metals. The official listing on MEXC, starting December 1st, 2023, opens doors to exciting opportunities, increased liquidity, and a broader reach for TMN Global’s vision.

Users can stay tuned for further updates as we embark on this exciting journey together!

About TMN Global:

Founded in 2021, EREA World AG is a Zug, Switzerland-based blockchain company managing the TMN Global platform and native TMNG payment token. Partnered with Europäische Metallhandels (EMH) AG, TMN Global combines traditional investing in technology metals, rare earth metals, and precious metals with blockchain and cryptocurrency benefits.

TMNG serves as a payment token to purchase tangible assets (metals) in the TMN Global shop.

About MEXC Exchange:

Established in 2018, MEXC is known for high-performance and mega transaction matching technology, catering to over 10 million users in 170+ countries. MEXC aims to become the go-to platform for new traders and experienced investors, with a global presence and regulatory compliance.

The exchange’s high-performance trading engine, developed by banking industry experts, completes 1.4 million transactions per second, ensuring groundbreaking efficiency and enhanced performance.

Website: www.tmn-global.com

Address: Poststrasse 14, 6300 Zug, Switzerland

Contact

Founder & Head of Marketing
Rebekah Jenkins
EREA WORLD AG
marketing@tmn-global.com

Dubai, UAE, November 23rd, 2023, Chainwire

Algebra, once a multi-solution DEX, now known as the DEX Engine, retains and refines concentrated liquidity, enhancing functionality. With over 20 integrated decentralized exchanges, including THENA Fusion, Camelot V3, QuickSwap V3, and even more, Algebra boosts these DEXes’ competitiveness and provides users with advanced options through its seamlessly integrated codebase.

The introduction of ‘Integral’ Modular Architecture marks a significant step forward, enabling projects to rival Uniswap V4, improving gas cost efficiency, and plugging new functions to DEXes on air. The breakthrough tech was unveiled on October 17th through the Swapsicle DEX on the Mantle & Telos Blockchains, and is yet to be integrated into Sushi.

TL;DR

Algebra DEX Ecosystem Overview:

• Ultimate DEX solution operating as a B2B project on 20+ DEXes, providing concentrated liquidity solution with dynamic fees
• Over $150 million TVL across all decentralized exchanges, with daily trading volume of up to $212 million.
• Algebra secures its position in the top 10 most forked protocols by TVL on DefiLlama
• Over 50 protocols building on top of the Algebra solution

Integral Modular Architecture:

• Integral, a revolutionary V4 tech, features a modular architecture that allows a partnering DEX to compete with Uniswap V4
• Integration with Sushi proposes a next-gen DEX engine, enabling easy updates and plugin additions without disrupting DEX activities, all packed up with concentrated liquidity & other features.
• Integral offers advantages like enhanced gas efficiency, modularity, and diverse revenue streams, saving up to 22% in gas costs.
• Partnership aims for increased TVL, trading volume, and overall efficiency on the Sushi platform.
• Key part of the collaboration is the Plugin Marketplace development, fostering a hub for DeFi innovation.

Modern DEX Hassles

The crypto community is buzzing about Uniswap V3’s license expiry and the potential of Uniswap V4. Launched in March 2021, UniV3 rose to the top in the DEX market with its concentrated liquidity innovation. Now open-sourced, UniV3 allows decentralized exchanges to adopt this concept. However, the abundance of AMMs leads to liquidity fragmentation and market inefficiency.

Last but not least: traditional AMMs pose challenges for DEX protocols in updating infrastructure due to the necessity for liquidity migration with each new version, complicating the implementation of new ideas.

On the flip side, UniV4’s announcement brings flexibility and revolutionary changes, opening doors for indie developers. Questions arise about the adequacy of old AMM models like V3 against new competitors, the global market impact, and how UniV4 will reshape the DEX landscape.

Algebra ‘Integral,’ offering an innovative modular architecture for a cost-effective, customizable, and secure DEX, inspired by the V4 concept. Algebra Integral addresses these challenges with customizable plugins managed by the DAO, providing control over configuration and connectivity.

What’s Algebra DEX Ecosystem?

Algebra, an ultimate DEX solution, works as a B2B project, already empowering over 20 DEXes, including the likes of THENA, Camelot, QuickSwap, Swapsicle, StellaSwap, and more, across 20+ chains, with over 50 protocols building on top of Algebra solution.

Algebra’s innovative features and partnerships have positioned it as a top-tier concentrated liquidity tech provider, gaining popularity and earning a spot among the top 10 most forked protocols by TVL.

For now, its TVL across all Algebra-built decentralized exchanges totals over $150 million, while its trading volume has recently surpassed the mark of $198 million.

Part of the trading fees goes to the Algebra development team, and part of it is used for weekly $ALGB buybacks & burns.

Algebra’s concentrated liquidity solution offers capital-efficient trading with dynamic, or volatility-based, fees, allowing LPs to specify price ranges for enhanced efficiency and reduced impermanent loss.

Unlike Uniswap V3, Algebra’s dynamic fee model calculates fees based on risk, volatility, and pool volume, providing higher returns for LPs. 

Algebra also offers the following features within its ready-to-integrate codebase: Built-in on-chain Farming, Customizable Tickspacing, Rebase Tokens’ Support, Limit Orders and a bunch of other innovations.

Algebra ‘Integral’: The Revolutionary V4 Tech Proposed to Sushi

Earlier this Fall, Algebra has introduced its latest update, high inspired by Uniswap V4. Integral, now available on Mantle & Telos via Swapsicle DEX, is a next-gen concentrated liquidity engine with a modular architecture, featuring an immutable core codebase & highly customizable plugins. This integration allows the addition of plugins on top of liquidity pools, as well as easy platform updates without crucial DEX activities disrupting the need for liquidity migration. It marks a significant leap forward in DeFi, providing a more agile and efficient framework for innovation.

Together with Sushi, Algebra team has introduced an integration proposal to deploy the brand-new V4 implementation into Sushi.

The Sushi and Algebra integration goes beyond just a timing advantage:

The implementation of Algebra Integral tech offers Sushi numerous advantages. The final goal of this integration is a significant increase in TVL, trading volume, and overall efficiency, which the platform’s revenue growth will follow:

• Enhanced Gas Efficiency: Algebra’s Integral is designed to significantly reduce gas costs, saving 7-22% compared to current systems.
• Innovative Modularity and Customizability: The system allows Sushi to adapt swiftly to market trends and technological advancements.
• Diverse Revenue Streams: Custom plugins open up new avenues for revenue generation and stakeholder engagement.
• Fostering a Hub for DeFi Innovation

A key part of this partnership is the Plugin Marketplace development on the Sushi platform, envisioned as a dynamic hub for innovation.

The proposal is now on Discourse for discussion and voting.

About Algebra Labs

Algebra is a dedicated team specializing in research and development within the AMM space. In 2021, as a DEX solutions team, they made a significant impact by launching the first decentralized exchange with improved V3 tech.

Algebra has established partnerships with over 25 decentralized exchanges, boosting their capital efficiency. These collaborations have resulted in a total TVL of up to $162 million, with a Daily Trading Volume of up to $200M, and they are continuously expanding their network of partners.

https://algebra.finance/

Telegram | Twitter | Discord | YouTube

Contact

Co-founder
Vladimir Tikhomirov
Algebra
vt@algebra.finance

Singapore, Singapore, November 22nd, 2023, Chainwire

GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).

GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of technology solutions.

GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which comprises of a technology-agnostic platform covering regulation, regulated custody, the safety of funds, tier 1 liquidity and technology (both back-end and front-end). GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.

Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is leading the way in the global digital asset industry, and we are extremely proud to be one of the first firms to receive a VASP Operating Licence to provide Virtual Asset Broker-Dealer services and the first firm to gain approval to operate with a client money account, highlighting our focus on client protection.

“Being a regulated entity in the region is important to us – it’s the ideal way to demonstrate our commitment to adhering to international standards and implementing robust processes, with transparency and investor protection at the core of our offering. This is a major milestone for our business and is critical to GCEX’s growth strategy, enabling us to have a stronger presence in the region.”                                         

GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of trading solutions. Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True Global Ventures are investors in GCEX.

 For further information, please visit gcexmena.com or LinkedIn

About GCEX

Founded in 2018, GCEX is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients. GCEX has partnerships with Tier 1 trusted Liquidity Providers, leading counterparties and regulated digital custody asset institutions. GCEX offers a wide range of products and technology solutions including White Labels.

GCEX is a trading name of GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S and GC Exchange FZE. GC Exchange Limited, a company incorporated in England and Wales (No11382809) with registered address at 75 King William Street, London, EC4N 7BE provides FX and CFDs products. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730).

Digital asset services are provided by GC Exchange A/S, a company incorporated in Denmark (CVR 43088777) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange A/S is authorised by the Danish Financial Supervisory Authority as a Currency Exchange (FTID 45020) and registered as a Virtual Asset Service Provider (FTID 17524) under the AML regulation.

GC Exchange Fondsmæglerselskab A/S, a company incorporated in Denmark (CVR 43345052) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange Fondsmæglerselskab A/S is authorised and regulated by the Danish Financial Supervisory Authority as an Investment Firm to offer FX and CFD products.

GC Exchange FZE is incorporated as a Limited Liability Free Zone Establishment under the Dubai World Trade Center Authority with registration number 1896. GC Exchange FZE has been granted a Virtual Asset Service Provider Licence by the Dubai Virtual Assets Regulatory Authority. For more information visit: https://www.vara.ae/

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

Contact

Vanessa Green
Wigwam PR for GCEX
vanessa@wigwampr.com
+44 (0)771 333 2303