Coinbase continues to take its altcoins and DeFi listing spree one step further every other day. Today, the San Francisco-based exchange announced a slew of other tokens its exploring to add support for.

After adding FTX (FTT) and Serum (SRM), Coinbase Custody that offers features such as staking, governance, and decentralized finance (DeFi) and serves institutional clients across the Asia-Pacific region, announced a total of 39 new digital assets that are up for listing.

Coinbase’s crypto custodian has released the latest list of all the digital assets that it is exploring for listing, including some known DeFi tokens and some unknown ones that are heard for the time here only.

Aave (AAVE), Amp (AMP), Ampleforth (AMPL), Ankr (ANKR), ArCoin (ArCoin), Audius (AUDS), Barnbridge (BOND), BitTorrent Token (BTT), Centrifuge (RAD), Conflux Network (CFX), Curve (CRV), DFI.Money (YFII), Elrond Gold (EGLD), JUST (JST), JUST Stablecoin (USDJ), Meta (MTA), MovieBloc (MBL), mStable (MUSD), Neo (NEO), Nervos (CKB), Nexus Mutual (NXM), NKN (NKN), NuCypher (NU), Ontology (ONT), Paxos Gold (PAXG), Paxos Standard (PAX), Reserve (RSV), Reserve Rights (RSR), Request Network (REQ), Skale (SKL), SUN Token (SUN), tBTC (TBTC), Terra (LUNA), The Graph (GRT), Tron (TRX), VeChain (VET), WING (WING), WINK (WIN), and Wrapped Bitcoin (WBTC).

Some of these tokens like WBTC have already been supported on Coinbase’s other platform Coinbase Pro.

According to Coinbase, support for any digital asset is subject to its “significant technical and compliance review,” which in some cases may also be subject to regulatory approval in some jurisdictions.

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At Binance, we believe in increasing the freedom of money for all. When it comes to your tokens, you should be in control. That’s why we launched Project Token Canal, which lets you transfer your tokens from other chains to Binance Smart Chain, and vice-versa, via the magic of wrapped tokens.  What Are Wrapped Tokens?   Wrapped tokens are token assets, hosted on a blockchain, that are pegged in value to the assets they represent. This allows users to transfer their tokens from one blockchain to another, expanding the utility of the tokens to work on multiple networks.  Why Use Wrapped Tokens? Previously, for example, if you owned Bitcoin, there was no way to use it on other blockchains. But what if you wanted to earn a higher yield on your Bitcoin through yield farming or other DeFi innovations? That’s where tokenized Bitcoins come in. The most popular use case for tokenized Bitcoin is to “wrap” them into Wrapped Bitcoin (WBTC). This extends Bitcoin’s utility, giving it more functionality depending on which blockchain the token is running on.  The popularity of wrapped tokens have helped power the DeFi ecosystem. On Ethereum, the total market value for wrapped BTC tokens alone exceeds $1.8 billion. In fact, over 0.6% of all minted Bitcoin are wrapped, a number that is steadily increasing.  Introducing BTokens: Wrapped Tokens from Binance We wanted to bring our own take on wrapped tokens with Project Token Canal. When we announced Project Token Canal, we initially supported BTC, BTC BEP2, and BTC BEP20 deposits and withdrawals, allowing users to move tokens between Binance Chain and Binance Smart Chain. Within weeks, we expanded support to over 30 tokens.  Now, we’re going one step further with BTokens, which expands upon the original vision of Project Token Canal. With BTokens, you can convert your crypto assets onto Ethereum, and explore a new ecosystem of decentralized apps and projects.  Easily convert your tokens to Ethereum with BTokens The first batch of BTokens include BTC, DOT, FIL and WRX. Once wrapped, they are converted into BBTC, BDOT, BFIL, and BWRX, which are ERC20 versions of the underlying (original) asset. We’re also supporting the deposit and withdrawal of BTokens on Binance.com. If you want, you can move these tokens outside of Binance.com, and onto the Ethereum network, giving you more control over your assets.  Because these BTokens are issued by Binance and guaranteed via a verifiable 1:1 peg with native assets, you can trust that these tokens maintain their value when moved from one blockchain to another. In addition, these BTokens are covered by the SAFU fund.  Further bridging the CeFi and DeFi ecosystems   DeFi promises to give users control over their assets, so interoperability is key. That’s why we made Binance Smart Chain 100% backward compatible with the Ethereum network. With BTokens, we’re doing the same for your tokens, giving you an additional level of freedom over your crypto assets. So far, we’re seeing fast adoption of BTokens from users around the world. Recently, BBTC was listed on Cream Ethereum Platform and ForTube, and there’s already a total of $350 million worth of BTokens on Binance Smart Chain.  We look forward to sharing more exciting news with you on Project Token Canal, which is part of our larger initiative to bridge various blockchains so anyone can freely turn their assets into wrapped tokens, and maximize the utility and value of their crypto holdings.

A massive crypto whale is unveiling his entire holdings of digital assets to the tune of hundreds of millions of dollars.

In a recent tweet, the pseudonymous trader named 0x_b1 proves that he owns a wallet that contains an immense trove of ER20 tokens by verifying his signature on the blockchain.

According to Ethereum blockchain explorer Etherscan, 0x_b1’s crypto assets have a total value of 229,614 in Ethereum (ETH) worth $272.8 million.

Looking at the whale’s largest token holdings, he owns 4.86 million worth $116 million Compound Ether (cETH) which is the wrapped version of Ethereum on the lending and borrowing platform.

The trader also owns a large amount of Compound Wrapped Bitcoin (cwBTC). Etherscan shows that the high-rolling crypto entity holds 79,272 cwBTC worth $58.9 million.

0x_b1 owns a huge sum of aLINK (Aave Interest bearing LINK). He holds 3.56 million aLINK tokens worth $55.2 million.

In total, the big-time crypto entity holds 32 ERC20 tokens. Here’s a summary of some of his largest holdings:

You can look at all of 0x_b1’s token holdings here.

Featured Image: Shutterstock/IM_VISUALS

Altcoin Explorer: BitTorrent Token (BTT) BitTorrent, the  Binance Launchpad IEO, was issued to power the BitTorrent Speed network with a variety of use cases for the token listed in the whitepaper and subsequent analyses. But as by eminent crypto VC, Barry Dilbert, most utility tokens act as friction tokens that slow down efficiency and offer no real utility. In this run down, BTCManager covers the merits and demerits of the BitTorrent project. is a brand that was well known before Satoshi Nakamoto even released his whitepaper for Bitcoin. It served as the most used P2P software and thrived due to its economic model of ‘give and receive’. In 2018, TRON BitTorrent and announced their plan to integrate it into their network. This was met by criticism from the ex-CSO of BitTorrent who claimed that the TRON blockchain cannot handle the volume of transfers from BitTorrent. As destiny would have it, the whitepaper outlined that they will deploy an on-chain token exchange with a private ledger to process BTT transactions, as TRON cannot achieve the necessary throughput to handle it. TRON bought a company that owned the world’s largest P2P data transfer client, one that was thriving as it was, and deployed it on a blockchain with a token to create friction that never existed. The team argues that the point of the is to incentivize seeders and enable users to purchase network bandwidth. What they failed to understand is that the existing game theory of BitTorrent was perfect as it was – seeders keep seeding to keep the network strong, and in return when they need to leech there are adequate seeders. With that said, another use-case of the token comes with the unveiling of BLive, BitTorrents mobile streaming service that is akin to that of the Brave browser, wherein users can tip their favorite streamers and content creators in BTT amongst other features. Whilst this does broaden the use-case for BTT, what can be said of the performance of the token on the market? TRON’s of integrating a new incentive layer on BitTorrent can be seen as ambitious, and their intent is definitely positive. But the economics of BTT issuance renders it an asset nobody would want to hold – so what’s the point of even having the token? BitTorrent is best compared to ERC20 tokens as they are both meant to be utility tokens built on top of a base blockchain. Most ERC-20s like Golem (GNT), Basic Attention Token (BAT), and OmiseGo (OMG) have issued the entirety of their supply and have nil inflation. Others like ChainLink (LINK) and 0x have not and have issued 93 percent and 65 percent of their supply respectively. BTT has issued 40 percent of its supply, with a reported supply of 212 billion tokens and a hard cap at 990 billion. The inflation rate on BTT is a mind-numbing 70.98 percent as per. Essentially, investing in BitTorrent now means that by the time total supply has been issued, your position has been diluted to more than half of what it is today. Of the 588 cryptocurrencies and tokens for which Messari has data, BTT is at number 7 in terms of highest inflation rate. The team and TRON Foundation will hold 40 percent of supply. The public sale accounts for just 15 percent of total supply. If the Foundation and investors dump their tokens in the market to realize their returns, the minority are doomed. Nobody in their right senses would invest with such high inflation; add the token dilution and low market float to the mix and you have an economic disaster on your hands. Like BTCMANAGER? Send us a tip!Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4 Published at Tue, 31 Mar 2020 06:00:14 +0000

Most crypto investors use dedicated portfolio trackers to monitor their assets. But only a few know that you can get the same wealth of data from a regular Ethereum block explorer, including the value of your coins in USD and the portfolio’s performance chart.

Why and how regular investors monitor portfolios

How do you know if your crypto portfolio is performing well? Lots of wallets will show you the current value of your assets in USD, but that’s just a snapshot. You need to see how the portfolio’s value has changed over time to decide which assets to sell for profit and which to keep as long-term investments.

For this reason, most crypto users who hold more than three different coins sooner or later start using some sort of portfolio tracker. There are dozens on the market, including Blockfolio, CoinTracker, CoinStats, Delta and more.

Six problems with using a tracker app

While the popular portfolio monitors definitely do their jobs, they have a few issues.

1. You have to set up an account and link a wallet. Many trackers (for example, CoinTracker) let you do that using a Google or Coinbase account, but it’s still an additional step – y ou can’t just go to a page, paste your address and see what your assets are worth. Some trackers even require that you add each asset separately.

2. Potential security concerns. The best trackers require read-only access. Nonetheless, there are still some risks. For example, a phisher could create a copy of the tracker website to trick you into logging in, or the tracker’s database could get hacked. Basically, using a tracker always means some degree of de-anonymization –  and the longer you use it, the more you expose yourself.

3. Advanced features are premium. Most trackers offer only a very basic set of features for free. You have to pay for full analytics –  and that means additional exposure of your data.

4. Limited depth – u nderstanding how your portfolio’s value has fluctuated over time can be a problem. Often, you can’t get detailed historical data beyond a certain point in the past, or it takes too long to display it.

5. It’s not possible to track large addresses. Tracker apps aren’t designed to monitor addresses with thousands of transactions and hundreds of tokens, such as exchange wallets. Even if it’s technically possible, it will cost too much.

6. Not all exchanges and wallets are supported. Most trackers have dozens of exchange and wallet integrations but not all allow you to add a random address.

Learn to monitor your assets without a portfolio tracker

What most people don’t realize is that you can also track a portfolio using a blockchain explorer – yes, the same explorer you use to see the status of a transaction, check where your crypto came from or view the average mining fee.

The main advantage of Ethereum monitors is that they can provide you with all the same information that dedicated portfolio trackers do but without the need to set up an account or link a wallet. This is preferred if you do not want to disclose your personal data to third parties. Simply enter your wallet address in the search field – the same field where you normally paste the transaction ID – and hit “Search.”

However, not all monitors have the same functionality. For example, Etherscan gives you a historical chart and the USD value of the ether in your portfolio if you click on the Analytics tab – a Binance wallet is used as an example.

Blockchain.com allows you to research the general situation on the network. The growth in the number of active addresses, the average transaction size, the number of large transactions, the concentration of whales on the network and many other data that can be useful to analysts and researchers are available here for free.

Blockchair allows you to investigate the status of the new Ethereum 2.0 network, study validator deposits, the pace of network development and export data for free in a convenient format for further use.

At the same time, Etherscan offers no way to see how much your whole portfolio (ether plus ERC20 tokens) was worth on a specific date. However, you can view your historical balance for each token separately – a feature that Ethplorer and some other monitors don’t have.

One downside is that the balance is displayed in tokens, not in USD. Considering how volatile crypto prices are, that doesn’t help you evaluate how your investments are doing in the fiat equivalent, but there are many other ways to leverage this information. For instance, if you track the address of an exchange and see that its BNB balance has been increasing, it may signify an upcoming sell-off.

By contrast, searching for the same address on Ethplorer will give you a summary of its portfolio, including the total value in USD with all tokens. There is also a historical performance chart, where you can choose between different views –  one month, six months, a date range and so on.

That’s essentially what you look for in a portfolio tracker – the whole portfolio’s value in USD on any given date in the past.

Why block explorers are a better way to track portfolios

Using a free explorer as a portfolio tracker works for any Ethereum address, even if you’ve never copied it into a particular tracker before. That’s because all the information on the blockchain is aggregated automatically, so the tracker can instantly pull it up straight from the ledger and then use price oracles to calculate the assets’ value. The address doesn’t even have to be your own. For example, you can put in the address of an exchange and see how much its holdings were worth last week or last month or last year – no matter how many different tokens it holds.

Another advantage is that the data is gathered and displayed faster than in any tracker app – and for the whole period since the address was created. Moreover, you can click on any asset in the list to see its price chart, market cap, trading volume, contract address and more.

Conclusion

Portfolio monitoring apps are fine, but you don’t really need them to track your assets. Using monitors like Ethplorer, Etherscan, Blockchair, Blockchain.com and many others is faster, easier and more private than using a special tracker app. This way, you can monitor any address and any wallet – in complete privacy and from any device.

Nick Bel is a cryptocurrency enthusiast and tech writer based in London. He is passionate about finance and emerging technologies such as blockchain, cryptocurrency and artificial intelligence.

A crypto whale is flexing its muscles after transferring over a billion dollars worth of an Ethereum-based asset between two addresses in a single transaction.

According to Ethereum blockchain explorer Etherscan, the lone whale moved 74.6 million Synthetix Network Tokens (SNX) worth $1.1 billion for a fee of 0.0061254 Ether – which amounts to just $7.45. The transaction was confirmed within 30 seconds.

Synthetix is an Ethereum-based derivatives trading protocol for synthetic tokens, which are coins allowing users to have exposure to different assets such as commodities and equities.

Coinbase institutional sales manager Nick de Bontin hails the low transfer fee, saying it shows promise of what the future holds for the second-largest cryptocurrency by market cap.

“$7 fee to transfer $1 Billion, in less than a minute, on a completely public trustless network. Just imagine what Ethereum will be capable of in 10 years.”

While the whale in question was able to relocate billions of dollars worth of SNX, Nansen CEO Alex Svanenevik revealed in May last year that the majority of transactions on Ethereum are worth less than $120.

“55% of all ETH transactions are smaller than 0.1 ETH. It’s 58% when including internal transactions – not a huge difference.”

Featured Image: Shutterstock/Tithi Luadthong

Following Bitcoin’s rally above $42,000, many alternative cryptocurrencies, or altcoins, have indeed performed strongly, which is historically in line with altcoins performing well in Q1. 

The rally of altcoins has in part been led by the momentum of Ethereum. After ETH surpassed a major resistance level at $600, it continued to rally above $1,000.

ETH is now close to reaching its all-time high above $1,400, rising 60% in the first two weeks of 2021. Pal wrote:

Possibly due to the improving market sentiment around ETH, altcoins have also performed particularly well in the past week.

As Cointelegraph reported, large-cap altcoins, such as Polkadot (DOT) and Cosmos (ATOM) have seen large gains against both Bitcoin and the U.S. dollar so far in January.

At the same time, decentralized finance (DeFi) tokens, such as Aave, Yearn.finance, and SushiSwap heavily outperformed both Bitcoin and Ether in the last two weeks with data confirming a continuous rise in sentiment and social media activity in recent months.

Meanwhile, the uptrend of DOT and ATOM could be driven by the frenzy around DeFi tokens, considering that the demand for alternative blockchain networks has increased.

The Ethereum blockchain network has become increasingly congested as of late, as the user activity on DeFi protocols significantly rose to push up fees in the process.

Protocols like Aave, SushiSwap, and Synthetix saw rapid growth since November, propelling Aave and Synthetix to billion-dollar market caps.

Wangarian, a capital allocator at the DeFi-focused fund Defiance Capital, told Pal:

On Jan. 7, in a tweet thread, Pal said that he believes Ether could achieve $10,000 to $20,000, if it follows the same cycle as Bitcoin.

Pal pinpointed Metcalfe’s law, which states the effect of a telecommunications network is proportional to the square of the number of connected users of the system, to support a bull case for Ether. He wrote:

Although there is no specific correlation between Ether and the rest of the altcoin market, if Ether grows to a trillion-dollar blockchain protocol, major projects developed on top of Ethereum could grow proportionally.

Most notably, DeFi tokens would likely benefit the most from Ethereum’s network effect and rapid growth if it grows at the pace of Bitcoin in 2016.

Justin Sun points to how the year 2020 was a year full of ups and downs.  With the CoVid-19 pandemic dealing a heavy blow to the global economy, the TRON brand is all set to bring in a new hope to the industry bringing in a new sense of vitality to the brand.

TRON is focused on becoming the next generation financial infrastructure for mankind.  With the coming of TRONBULL, the TRON mission is gaining a new symbolic meaning.  TRON is set to be the Future, unlimited.

The number of projects on the TRON ecosystem is indeed overwhelming for some new users who are looking to understand the ecosystem.

There are lot of things.  The first thing that new users understand about TRON is TRX and after that they are having to get used to a whole range of tokens in the TRON ecosystem.  There are lot of things happening at the same time in the TRON ecosystem and any user who ventures in to the ecosystem is having to think in terms of lot of things like BitTorrent, BTT, SUN, BTCTRON, DeFi JUST, TRC20 tokens, WETH and WBTC.  It just looks like the TRON foundation does not have any limitations or tradeoffs.  Almost everything available in the industry and that which is claimed to be unique in another ecosystem is added to the TRON ecosystem cocktail with a new name.

Justin Sun recently tweeted:  TRON together with BitGo, the leader in digital asset financial services, have successfully launched Wrapped Bitcoin (WBTC) & the newly minted Wrapped Ether (WETH) on TRON as TRC20 tokens.

Wrapped Bitcoin (WBTC) is pegged to Bitcoin and has over $3B worth of bitcoin in custody, while Wrapped Ether WETH is pegged to Ether.  BitGo is the sole custodian for the underlying BTC and ETH.

One of the New-Bie openly expressed, It is getting a bit confusing here. Now there is WBTC and BTCTRON on the Tron Blockchain. Not really newbie-friendly.

Someone who tried to help clarified stating, WBTC is a ERC 20 token issued on ETH. BTCTron is a TRC 20 token issued directly on Tron. Soon you will see more ERC 20 tokens on Tron.

Someone thought this is getting ridiculous and was wondering how about we wrap a wrapped BTC in a wrapped tether in a wrap. No wonder this will soon happen in TRON.  So, how does holding all of these increase the value of TRON (TRX) HODLers thinking!                                                                                                                              

More than $1 billion worth of cryptocurrencies have been staked through Kraken’s staking service, the crypto exchange announced on Wednesday. A third of that amount is in ether, roughly more than 300,000 ETH, according to a spokesperson from the San Francisco-based crypto exchange. Other popular cryptocurrencies on Kraken’s staking services include tezos (XTZ) and polkadot (DOT).

Kraken’s users have staked about 58 million DOT (approximately $580,000,000) and 45.5 million XTZ tokens (about $22,500,000), according to data provided by Kraken.

The fast growth of the staking value reflects the many long positions of investors and traders in cryptocurrencies, according to Jeremy Welch, Kraken’s vice president of product.

“Staking’s popularity is the natural outcome of an asset class growing in maturity,” Welch told CoinDesk. “Whereas three years ago holders were mainly interested in securing short-term gains, many are now confident locking up tokens to earn passive income. Why? Conviction is growing in the longevity of crypto assets as a respectable new asset class.”

Kraken also provides staking services for five other cryptocurrencies, including kava (KAVA) and cosmos (ATOM), with yearly rewards varying between 0.25% and 20%.

“Staking” refers to locking up one’s cryptocurrencies to receive rewards for participating in transaction validation on a proof-of-stake blockchain. Many crypto exchanges offer staking services so users do not have to stake their coins directly from their wallets.

Kraken started providing the Ethereum 2.0 staking service on Dec. 3. It warned its users in a blog post at the time that staking is mostly for “long-term ether holders” because “staking ether cannot be unstaked and, along with staking rewards, cannot be transferred for an unknown period of time.”

The total amount of ether locked in Ethereum 2.0 has recently surpassed $2.58 billion, less than a month since ether’s value broke the $1 billion landmark, according to data from Etherscan. As of press time, ether was trading at $1,145.22, a gain of 8.55% in 24 hours. It is close to its all-time high at $1,448.18, according to CoinDesk 20 data.

Correction: Kraken’s announcement was Wednesday, not Tuesday.

There are many crypto brokers to watch out for as we march into the new year. It is no longer news that the cryptocurrency market is evolving in a very rapid manner. We have seen the price of Bitcoin hit an all-time high as we close the year 2020. 

The recent occurrence in the crypto space is an indication that the coming year (2021) will be one of unprecedented innovation in the crypto industry. Therefore, as a newbie or a seasoned crypto holder, you will be coming across many crypto brokers or cryptocurrency exchanges. 

The major challenge will be identifying the best among the many crypto brokers you are bound to interact with. This post will help you narrow it down to know which crypto exchange is best for you. 

It is not any platform that can offer the services of a crypto exchange. Certain things set these crypto brokers apart from the rest of the market. We shall explore three of these reasons:

For you to consider any platform a crypto broker, the platform must have a greater liquidity pool. Any cryptocurrency that is bought or sold requires someone to buy from or sell to. The more people buy and sell, the more “liquid” the platform will be. Before a platform can be seen as a good crypto exchange, it must have a good number of sellers and buyers. 

In other words, the exchange needs to populate its trading pairs order books with buyers and sellers. By doing this, the exchange provides a viable market for its users. 

One key feature of a suitable crypto broker is that it has reduced spread and slippage fees. Ideal cryptocurrency exchange with high liquidity in the order book will lead to low spread and slippage fees. A low liquidity crypto broker will result in the high spread and slippage fees that will eat deep into your funds. 

Every good crypto broker will have an increased crypto pair to trade. The ability of a cryptocurrency exchange to offer assets without liquidity losses is a great advantage. Users can use a single cryptocurrency broker trade, manage their crypto portfolio, and store assets in one location without the need to register with multiple exchanges to trade. 

Leading Crypto brokers to watch in 2021

This list follows no specific order but explores all the top crypto exchanges that you need to follow closely.

eToro is an Israeli based social trading broker that was founded in 2007. eToro serves its UK customers through a regulated unit by the Financial Conduct Authority (FCA). It also serves its Australian customers through a regulated unit by the Australian Securities and Investment Commission (ASIC). However, all other customers are served by the Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC). 

Although eToro does not disclose its annual report on its site and does not also have a bank parent, it is considered safe. The major reason it is considered safe is that top-tier financial authorities regulate its UK and Australian arms.

eToro offers products like stock, Exchange-traded fund (ETF), Forex, Contract for Difference (CFD), and crypto. There is a charge for inactivity, and the withdrawal fee is $5. 

Take nothing away from eToro; it is arguably one of the top crypto brokers to look out for in the coming year. 

Stormgain is one of the exciting crypto brokers that you should watch out for in 2021. Users can leverage the volatile crypto market with well-known crypto pairs and use high leverage of up to 300x. Every contract is settled in the stablecoin Tether (USDT). The stablecoin will appeal to traders to limit their portfolio exposure and limit the exchange rate risk peculiar to Bitcoin and Ethereum. 

Stormgain supports the following crypto; Bitcoin, Bitcoin gold, Cardano, Dash, EOS, Ethereum, Ethereum Classic, Ripple, NEO, Stellar, Tether, Tron, and a host of others. This crypto broker also risks management tools like stop loss, take profit, crypto forecasts by Stormgain specialists, and indicators. 

If you are a cryptocurrency enthusiast, you must have heard of Coinbase crypto exchange. It is one of the biggest cryptocurrency brokers, available in more than 100 countries with over 30 million users worldwide. 

This platform is duly registered and regulated in the United States. Although it started as a Bitcoin brokerage service, additional services got incorporated along the line. Coinbase supports more than 20 different cryptocurrencies; examples include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Stellar Lumen, Ethereum Classic, USD Coin, Zcash, etc. 

Binance is one of the leading crypto brokers in the world, and this is the more reason you need to watch out for it. By trading volume, Binance is the world’s largest online cryptocurrency exchange. There is a wide range of cryptos available on the Binance crypto exchange. You can find the top 20 cryptos by market capitalization on Binance and other smaller and less known cryptos. 

You have the Bitcoin, Ether, BNB, and Tether trading pairs, and there are also crypto/fiat pairs on Binance.

This is one of the top and well-known crypto brokers supporting the trading of more than 70 cryptos. It was founded in 2016 and is designed to provide crypto traders and investors with a wide range of crypto options. Crypto.com supports all the leading cryptos by market capitalization. Examples include Bitcoin, Ether, Ripple, Stellar Lumen, Tether, USD Coin, Cardano, etc. 

It also supports the lesser-known cryptos like Cosmos, Enjin Coin, ICON, Tezos, and VeChain. Users who already own cryptocurrencies that are supported by Crypto.com can transfer them to Crypto.com compatible wallets. Users can also deposit fiat through wire transfer or buy cryptos with a credit card using the Crypo.com App.

Another one of the great crypto brokers to look out for in 2021 is Prime XBT. Prime XBT is both a cryptocurrency and forex broker that provides leveraged trading to traders across the world. Since it was founded in 2018 in Seychelles, the platform has grown to serve customers in more than 150 countries. 

There is a range of visualization tools, execution methods, and trading histories. You can execute different order types on Prime XBT, with the option to simultaneously place stop losses and take gains. The leverage rates at Prime XBT are very competitive, especially when crypto pairs offer up to 1:1000. Prime XBT deals exclusively on cryptos when it comes to transactions. 

The last but not the least on our list of top crypto brokers to watch out for in 2021 is Gemini. Gemini is built on transparency and user empowerment. It is exclusively a Bitcoin and Ether exchange platform. Currently, Gemini is a New York Trust Company and has acquired the Bitlicense. This means that Gemini is certified as a crypto company operating under the supervision of the New York Department of Financial Services (NYDFS). 

Gemini also has insurance for all user funds deposited on the exchange. In 2016, Gemini became the world’s first licensed Ether exchange. According to coinmarketcap, Gemini is the 39th largest exchange in the world. This platform also provides crypto to fiat payments and BTC/ETHC market. Gemini accepts fiat currency (only USD). 

These top crypto brokers to watch out for in 2021 are positioned to lead the crypto exchange market. The question is, which one of them will take it all as we head into the New Year? Well, time will tell. 

Bitstamp, a popular bitcoin and crypto exchange, announced today it broadening the scope of the assets it is exploring for a potential listing. The decision is being made in order to provide customers with a greater range of trading options. These cryptocurrencies and stablecoins join the first batch of assets the exchange announced as potential new listings at Bitstamp.

After closely monitoring the market and performing due diligence to determine which projects fit within the company’s internal digital asset framework, it has now started actively exploring support for the following cryptocurrencies and stablecoins:

1. Augur (REP) 2. Maker (MKR) 3. Terra (LUNA) 4. UMA (UMA) 5. Nexus Mutual (NXM) 6. Solana (SOL) 7. Keep Network (KEEP) 8. Chia (CHIA) 9. Digital Gold (DGLD) 10. Polkadot (DOT) 11. Chainlink (LINK) 12. OMG Network (OMG) 13. Cosmos (ATOM) 14. Aave (LEND) 15. Tezos (XTZ) 16. Band Protocol (BAND) 17. Cardano (ADA) 18. Algorand (ALGO) 19. Synthetix (SNX) 20. Kyber Network (KNC) 21. Compound (COMP) 22. Balancer (BAL) 23. Celo (CELO) 24. Dai (DAI) 25. PAX Gold (PAXG)

After that TRON undertakes many initiatives in recent months. This will stimulate its own DeFi sector. Justin Sun is now announcing another major initiative. TRON and BitGo have successfully issued Wrapped Bitcoin (WBTC) and Wrapped Ether (WETH).

TRON concludes a collaboration with the digital asset financial services provider in September 2020. It will launch WETH and WETH on the TRON blockchain. As part of the collaboration, BitGo is the sole custodian of the underlying BTC and ETH. This allows participating merchants to tokenize their assets by hitting Wrapped Bitcoin and Wrapped Ether.

After a few hit tests in December, nearly 100 BTC, or around $ 3.4 million, has now been issued. They are minted as TRC20 WBTC tokens by Alameda Research and CoinList. Alameda also hit 1 WETH. As Coindesk reported, the TRC20 WBTC and WETH were produced by Alameda to meet demand from over-the-counter customers and to test the new product.

Users of Enveloped Bitcoin and Enveloped Ether will be able to use BTC / ETH in a variety of new use cases in the TRON ecosystem in the future. Options should include support for stablecoin warranties. They allow trading on decentralized exchanges (DEX) and facilitate payments.

Justin Sun says this was the “start of a new era” where “the growing TRON community can finally enjoy the unlimited potential of DeFi”.

Last year, BitGo’s first tokenized Bitcoin project, ERC20 WBTC, flourished. It has been a building block of Ethereum’s DeFi boom. The token is now the 13th largest by market cap. It peaked at over 124,000 BTC hit on Ethereum in late November. It remains to be seen if TRON can repeat this success story.

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TRON Foundation has announced that with the help of BitGo, a cryptocurrency custodian, the TRON blockchain now supports Wrapped Bitcoin (WBTC) and the newly minted Wrapped Ether (WETH) on its network as TRC20 tokens.

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According to an announcement, the extension of supported assets on the blockchain will allow merchants to tokenize their assets by minting WBTC and WETH. Users will be able to use their bitcoins or ethers in decentralized applications (dApps) of the TRON ecosystem.

TRON Founder, Justin Sun, claims the partnership will cultivate an ecosystem for its users to access their favorite cryptocurrencies with financial mechanisms and high liquidity.

Last year, BitTorrent Inc., the leader in peer-to-peer protocols and products, announced that the BitTorrent file system (BTFS) would serve as the storage solution for running TRON Network nodes. With BitTorrent, TRON wants to solve disadvantages of traditional file storage systems such as centralized trust, concentrated authority, high cost, inflexibility and low tolerance.

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Bitcoin recently explored a higher low at $30,000. However, it recovered, stepping above $36,000. Meanwhile, the bullish momentum was cut short by the 50 Simple Moving Average resistance. A correction ensued, sending Bitcoin on another lower-high hunting mission.

The bellwether cryptocurrency is holding slightly above $34,000 at the time of writing. Its upside is limited at several levels, including $35,000, $36,000 and the 50 SMA. On the downside, several buyer congestion zones have been enacted to mitigate the bearish impact, such as $34,000, $32,000 and the primary support at $30,000.

According to the Relative Strength Index, Bitcoin may settle for consolidation, perhaps with the price ranging between $32,000 and $36,000. A break above $36,000 could curve a clear path to $40,000.

BTC/USD 4-hour chart

On the downside, price action underneath $32,000 could see BTC retest $30,000. If more selling orders are triggered and panic grips investors, BTC would be forced to explore how deep the rabbit hole. The 200 SMA is in line to absorb some of the selling pressure at $27,680 (January 4 low).

Ethereum is at the beginning of a consolidation phase after suffering another rejection at the 50 SMA. On the downside, the 100 SMA provides the largest altcoin with enough support to stay above $1,000.

Ether is exchanging hands at $1,068 even as the RSI reinforces the ongoing sideways price action. As long as this trend indicator remains level, the price will move laterally, awaiting a breakout or a breakdown.

A breakout will come into the picture if ETH/USD regains the ground above $1,100. The ultimate lift to $1,400 will depend on the bulls’ ability to sustain the uptrend beyond the 50 SMA.

ETH/USD 4-hour chart

It is worth keeping in mind that a breakdown could well dominate the price following this consolidation. If the bearish leg slices through the short-term anchor at $1,000 and the 100 SMA, Ethereum would be engulfed in massive sell orders, leading to losses back to $900 and the 200 SMA at $800.

XRP has not overcome the resistance at $0.3 since the breakdown to $0.25 on Monday. Attempts to rise above this crucial level have continually been quashed. However, the 50 SMA protects XRP from falling to lower levels by providing immediate support.

For now, the least resistance path is crosswise, as accentuated by the RSI’s flattening at the midline. The battle to bring down the hurdle at $0.3 is likely to go on until buyers achieve their immediate goal. Notably, price action above this crucial point will boost XRP toward the 200 SMA, which is currently located at $0.36.

XRP/USD 4-hour chart

On the other hand, Ripple is not out of the wounds yet, considering that a daily close under the 50 SMA may call for more sell orders. An increase in overhead pressure due to the selling activity will push XRP/USD back to the buyer congestion zone between $0.26 and $0.25. Further bearish price action is likely to seek refuge at $0.22 and $0.2, in this order.

Bitcoin (BTC) rose for a third straight day, pushing early Thursday to a new all-time high price above $38,000 and setting bullish traders’ sights on $40,000.

“Momentum has been building over time, and it’s anyone’s guess where or when we might eventually top out,” Mati Greenspan, founder of the foreign-exchange and cryptocurrency analysis firm Quantum Economics, told clients in a newsletter.

The gains came after a day of turmoil in Washington, D.C., during which supporters of U.S. President Donald Trump stormed the Capitol building and disrupted a congressional vote to formalize challenger Joe Biden’s victory in last November’s presidential election. The shocking images prompted world leaders from the U.K., European Union and Canada to condemn what they characterized as an unacceptable attack on democracy. U.S. lawmakers later reconvened and certified the election result early Thursday. 

In traditional markets, European and Asian shares rose on Thursday and U.S. stock futures pointed to a higher open. Gold weakened 0.1% to $1,916 an ounce. 

Earlier this week, First Mover flagged the possibility that the total market capitalization of all cryptocurrencies combined could surpass $1 trillion within a few months. 

Turns out it only took a few days. The total market value of bitcoin and all the other digital tokens and stablecoins pushed into the trillion-dollar zone late Wednesday for the first time. As reported by CoinDesk’s Zack Voell, the industry had topped out at $760 billion during the last big bull run in late 2017.  

The milestone could prove another catalyst for big Wall Street funds to look more seriously at cryptocurrencies for a potential portfolio allocation. It’s getting harder and harder to argue, as the big bank and brokerage firm Goldman Sachs did last May, that cryptocurrencies are “not an asset class.” The sums are getting too big to ignore.   

“Is it frothy? A little bit in the short term,” Qiao Wang, co-founder of decentralized finance (DeFi) accelerator firm DeFi Alliance, told Voell. But is it ridiculous? “Nope.”

One of the biggest stories in finance during the last decade was the rapid (and concerning) growth in so-called leveraged loans, which are big loans that are arranged by Wall Street firms on behalf of junk-grade or even unrated companies and then typically apportioned to other banks, sold off to investors or even transformed into new triple-A rated bonds via the alchemy of structured finance.

Cryptocurrencies have now traversed that chasm in just a few months.  

“The $1 trillion mark cements cryptocurrency as an investable asset class that no longer sits on the fringes of traditional finance as a toy for retail investors,” Jack Purdy, of the crypto-market analysis firm Messari, told Voell. “It demonstrates that this asset class is large enough to absorb large orders like we’ve seen recently with the slew of institutions entering over the last few months.”

Bitcoin, the original cryptocurrency and the largest by far, represents about 70% of the industry’s total market capitalization. So the push toward the $1 trillion milestone came largely on the heels of bitcoin’s rally over the past year. 

Bitcoin now has a market capitalization of about $700 billion, up from about $130 billion at the start of 2020. According to the website fiatmarketcap.com, bitcoin’s outstanding value would rank it as the 16th biggest global currency, just ahead of the Mexican peso and one rung below the Russian ruble.  

And if bitcoin were a publicly traded company, it would rank as the world’s eighth-largest, according to another website, AssetDash, well behind Apple’s $2.1 trillion valuation, Amazon’s $1.6 trillion and Facebook’s $751 billion valuation, but far in excess of the big U.S. financial institutions like Visa ($468 billion), JPMorgan Chase ($401 billion) and Citigroup ($135 billion).

If the recent trend is any indication, bitcoin could keep climbing these ranks.  

Options traders are signaling a looming change in digital-asset markets – from a focus on bitcoin to relatively undervalued ether (ETH) and alternative cryptocurrencies.

The spread between the six-month implied volatility (IV) for ether and bitcoin – a measure of the expected relative price volatility between the two – has risen to a record high of 46%. That surpasses the previous peak of 45% seen on Feb. 21, 2020, according to data provider Skew. The three- and six-month spreads have risen to an 11-month high of 32% and 23%, respectively.

The widening of the IV spreads indicates that the market expects ether and other alternative coins to chart bigger percentage moves than bitcoin in the near term.

“Traders are expecting increased volatility for ether relative to bitcoin,” Skew CEO Emmanuel Goh told CoinDesk. “This is consistent with decreasing correlation and a pick-up in interest across alternative cryptocurrencies.”

Some may argue that implied volatility reflects investor expectations of price turbulence and may not turn out to be reflected in the charts going forward. However, historical data show that implied volatility spreads are reliable indicators of upcoming shifts in the market. For example, the ether-bitcoin IV spread nosedived in the second half of September 2020, portending a big shift toward bitcoin. And the largest cryptocurrency delivered, outperforming most other cryptocurrencies by a significant margin in the final quarter of last year, with a 168% rally. 

– Omkar Godbole

Read More: Expected Rise in Ether-Bitcoin Volatility Points to Altcoin Season Ahead 

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Crypto brokerage Voyager to suspend trading in XRP tokens after SEC suit against Ripple Labs (CoinDesk) 

Bitcoin investment makes sense in current economic climate, former Fed Governor Kevin Warsh tells CNBC (CoinDesk) 

Kraken users are staking more than $1B in crypto, including ether (ETH), tezos (XTZ) and polkadot (DOT) (CoinDesk)  

Eric Vorhees’s ShapeShift plans phase-out of centralized trading activity, will route orders through DeFi applications, which “frees users from having to provide personal, private information” (CoinDesk) 

Iranian authorities close 1,620 illegal cryptocurrency mining farms, Financial Tribune says (CoinDesk) 

U.S. economy seen getting boost with Democrats’ Georgia sweep, possibly another $1T stimulus (Bloomberg) 

Danish 20-year home mortgages now carry a fixed interest rate of 0% (Bloomberg) 

Italian government could take on $17B of lender UniCredit bad loans to facilitate takoever of state-owned bank Monte dei Paschi (Reuters)  

U.S. private payrolls post first decline in eight months as coronavirus cases skyrocket (Reuters)