Bamboo Crypto Exchange, Kraken Business Rumors and Roboforex Leveraged Trading Updates

Exchanges Round-up: Australian Crypto Company To Help Micro Investments and Kraken Denies Office Closure

There are many recent news about the crypto exchange market lately. They range from an Australia startup company based in Perth that intends to facilitate micro-payments, Kraken rejecting rumors that are on the internet and Roboforex increasing the leverage available on its crypto markets.

Australian Startup to Help Micro-Investments In Crypto Markets

Bamboo, a startup company based in Perth, Australia, has created a new app that will be used to facilitate micro-transactions made with cryptos via the app. The company already has solid plans to release the product in the United States and Australia until the end of 2018.

According to Phil George, the CEO and co-founder of the platform, the main goal is to provide access to many investment opportunities like cryptos for new investors. To reach this goal, the company has made an app to finally push cryptos into the mainstream for once and for all just like the Robinhood app is doing in America right now.

You can use Robinhood to trade shares, but you need a lot of money, Bamboo will help you to do it with only $5 USD if you want to.

He has also indicated that Bamboo will grow and target new emerging markets in the future as many underdeveloped countries are eager to break the barriers of the financial system and this can be a great tool to help them because they do not need to use a huge chunk of capital to start their investments.

This could prove to a game changer in these countries as a lot of the people there will not have $1,000 USD to invest, for instance, but could do it with $10 or $20 USD.

Kraken Denies Rumors Of Canada Office Closing

Kraken, a major United States-based crypto exchange, has recently denied rumors that have appeared on social media that the company would cease its operations in Halifax, Canada, because of security concerns.

This rumor was originated after a Reddit post stated that

“Kraken Currency exchange in Halifax unit 102 at 60 Highfield park drive has just laid off hundreds of people in response to a security breach”.

The rumors stated that there was a giant commotion and that people were escorted off the building by private security officers.

According to a comment, people were forced to accept the voluntary resignation after the issue. Other people stated that the layoffs happened because the company decided that it was important to reduce costs and this was a good opportunity for doing it.

The company has officially stated on Twitter that it was not shutting any operation down and that there was no security breach. All of it, according to the official Kraken channels, was pure speculation and it did not have any truth in it.

Roboforex Ups Leverage to 50 Times

Our final bit of news today is that Roboforex, a subsidiary of the Roboforex Group in Belize, has been increasing its leverage. Up until now, the official leverage that the customers could use on the platform to trade Bitcoin Core (BTC), Bitcoin Cash (BCH), DASH, EOS, Ethereum (ETH), Litecoin (LTC) and Ripple (XRP) was 1:10, but now it will be up to 1:50.

According to the Chief Marketing Officer of the company, Denis Golomedov, many of the clients of Roboforex trade cryptos and cooperation with a broker has helped the company to provide many good options and the highest security levels for the clients.

The increased leverage, according to the CMO, will help the clients to have a wider range of trading strategies and increase their trading volume considerably.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today