Thursday, May 18, 2023

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of ‘Olliv,’ a self-custody-powered crypto platform.

The Olliv platform provides a frictionless way to buy, sell, send, receive, and swap cryptocurrency securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians.

By leveraging CoinFlip’s existing network of crypto ATMs, Olliv will bridge the gap between the company’s physical products, expanding its ecosystem

“We’re always looking for ways to invest in our customers that will contribute to the future of DeFi. We are confident our self-custodial model, a key value of CoinFlip’s business since inception, will pave the path for a significant and much-needed shift in the industry. We look forward to continued growth and innovation in the coming year as we get one step closer to on-ramping the next generation of crypto investors.”
– Ben Weiss, CEO & Co-Founder of CoinFlip

Amongst its suite of services, Olliv features an intuitive interface for secure transactions and state-of-the-art encryption. Olliv also offers 24/7 live customer service and provides educational resources.

Recent developments at CoinFlip have seen the company nearly doubling its headcount and expanding its ATM presence to Puerto Rico, Canada, and Australia. The company’s 2022 revenue exceeded $100 million and its team is projected to grow by 23% by the end of 2023.

Olliv is now available in the United States and Puerto Rico, except for Alaska, Iowa, New York, Oregon, Nevada, Arkansas, Louisiana, and Vermont with intentions to expand in accordance with regulations.

Users can download the app on Google Play or the App Store.

The post CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’ appeared first on CryptoNinjas.



* This article was originally published here

Wednesday, May 10, 2023

Crypto derivatives exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives.

Spot trading will start on April, 24th 2023 at 1 PM UTC with three pairs (BTC/USDC, ETH/USDC, and ETH/BTC), providing clients with a simple and free solution for exchanging collateral and eliminating the need for external asset conversion. Clients will enjoy a zero-fee structure for trading these pairs.

Aiming to foster liquid markets, Deribit will offer 0% fees for makers and takers on spot. Note, due to this structure, there will not be any volume discounts, or affiliate/partner sharing offered on this model.

“Our goal has always been to provide our users with a complete exchange platform that meets all their trading needs. After years of being the leading crypto derivatives trading platform and ensuring that our exchange has the highest level of security and transparency, we have decided to apply our expertise to spot trading. By adding spot trading to our existing futures and options products, we are now able to provide a fulsome exchange offering that caters to all types of traders.”
– Luuk Strijers, COO at Deribit

Currently, Deribit offers options, inverse & linear perpetuals, and futures (incl volatility futures) for three bases currencies (Bitcoin and Ethereum, and USDC), which allows investors to efficiently manage risk and hedge their investments. With the addition of spot trading, Deribit now serves a wider range of traders who seek to swap directly between assets with immediate delivery and ownership.

The introduction of free spot trading capabilities comes shortly after Deribit’s launch of BTC DVOL futures, a contract built on DVOL (the Deribit Bitcoin Volatility Index) that facilitates bitcoin volatility trading. Deribit has also experienced a continued increase in investor activity, seeing open interest on the platform hit an all-time high of over $20 billion on March 30th, 2023.

The post Crypto derivatives exchange Deribit to launch zero-fee spot trading appeared first on CryptoNinjas.



* This article was originally published here

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