Latest news with #CoinbaseVentures
Associated Press
3 days ago
- Business
- Associated Press
Upbit Lists Axelar's AXL Token in AXL/KRW Trading Pair
SEOUL, South Korea--(BUSINESS WIRE)--Jun 10, 2025-- Upbit, a South Korean cryptocurrency exchange, announced the listing of AXL, the native token of Axelar Network, in an AXL/KRW trading pair, effective June 10, 2025. The listing is detailed in Upbit's official notice. In its opening hours, the AXL-KRW pair recorded trading volume of over $220 million, ranking as the third largest trading pair on Upbit by 24-hour volume, surpassing BTC/KRW and XRP/KRW pairs, per CoinGecko data. The AXL token supports Axelar's blockchain interoperability network, facilitating cross-chain communication and asset transfers. AXL is used for transaction fees and governance within the network, enabling developers to build applications that connect multiple blockchain ecosystems. About Axelar Axelar is a decentralized network and development platform securely connecting the world's blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3—critical for the next wave of institutional-grade use cases. With backing from top-tier investors including Dragonfly, Polychain, Binance Labs and Coinbase Ventures, Axelar is enabling the next generation of financial infrastructure: from multichain stablecoins to tokenized real-world assets (RWAs), built with security, compliance and enterprise scale in mind. Learn more at About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized interoperability platform securely connecting the world's blockchains and financial infrastructure.. Learn more at View source version on CONTACT: Media Karla Vilhelem PR Director, MarketWaves [email protected] (754) 215-4315 KEYWORD: ASIA PACIFIC SOUTH KOREA INDUSTRY KEYWORD: SOFTWARE NETWORKS PROFESSIONAL SERVICES PHILANTHROPY BLOCKCHAIN TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SECURITY CRYPTOCURRENCY WEB3 FINANCE OTHER PHILANTHROPY SOURCE: Axelar Foundation Copyright Business Wire 2025. PUB: 06/10/2025 05:12 PM/DISC: 06/10/2025 05:10 PM
Fashion Value Chain
05-06-2025
- Business
- Fashion Value Chain
CoinSwitch Sets New Standard in Derivatives Trading with Crypto Options Launching at Lowest Fees
CoinSwitch, India's largest crypto trading platform with over 2 crore users, announces the launch of Crypto Options for its users. Designed to meet the needs of a new generation of traders, this new offering brings together industry-low fees, real-time settlement, and 24×7 trading access in all market conditions, delivering a powerful and seamless experience for users looking to explore advanced trading strategies. With the introduction of Crypto Options, CoinSwitch is redefining how Indian users engage with crypto derivatives. These option contracts give users the right, but not the obligation, to buy (via call options) or sell (via put options) a crypto asset at a predetermined price before a set expiry date. Some of the key features include: Multiple Expiries: Users can choose from 11 expiry options, including daily, weekly, monthly, and quarterly alternatives offering much more flexibility than the traditional equity markets Lowest Fees in the Industry: Users can now enjoy maximum profitability with trading fees starting at just 0.015% – the lowest in the crypto industry 24×7 Trading: Users can trade around the clock with no market closures, ensuring continuous access to opportunities across all market conditions-be it bullish, bearish, or sideways Minimum Investment: Users can start trading with a small lot size; as small as 1 USDT (approx. Rs. 90), making it accessible for every trader Instant Settlement: Users can settle their trades instantly with seamless trading experiences – an advantage not typically available in traditional equity markets High Implied Volatility: Users can now take advantage of annual volatility ranging between 50% and 75%, unlocking higher trading potential 'Crypto options open up a whole new world of trading opportunities-whether youre looking to hedge your portfolio or make the most of market volatility,' saidBalaji Srihari, Vice President, CoinSwitch. 'With this launch, we're aiming to strike the right balance-offering experienced users the advanced tools they need, while also making the experience intuitive and seamless for those who are just starting to explore. Our goal is simple: to make advanced trading more accessible, and a lot less intimidating for our users,' he added. Unlike equity options, CoinSwitch's Crypto Options come with no market closures, lower barriers to entry, and streamlined execution-making them a uniquely powerful instrument for both seasoned traders and new users exploring derivatives. For more information, please visit About CoinSwitch Founded in 2017, CoinSwitch is Indias largest crypto trading platform and a pioneer in shaping the country's crypto ecosystem. With over 2 crore users, CoinSwitch operates a regulatory-compliant platform that simplifies and enhances crypto trading for both retail and professional investors. Backed by global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India to the tune of $300 million, CoinSwitch offers 350+ coins on its platform. CoinSwitch is a PeepalCo product and is ISO/IEC 27001:2022 certified and Financial Intelligence Unit – India (FIU- IND) registered. About PeepalCo PeepalCo is a house of brands serving India with tailored wealth-tech products aimed at Making Money Equal for All. Founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari, PeepalCos products include CoinSwitch and Lemonn. The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
Yahoo
03-06-2025
- Business
- Yahoo
Symbiotic Launches 'Relay' to Bring Secure Staking Across Chains
Symbiotic, a universal staking protocol and EigenLayer rival, has launched Relay, a software development kit (SDK) that allows protocols to stake assets on Ethereum and verify that stake across any blockchain. Staking is a system for securing blockchains in exchange for rewards. In staking systems, so-called validators commit callateral — called "stake" — for a role in processing transactions. "Restaking" protocols like Symbiotic let users reuse stake across multiple blockchains at once, offering investors the opportunity to earn extra yield. Relay is, in essence, a generalized version of Symbiotic's restaking tech — a toolkit that can bring Symbiotic-style restaking to virtually any crypto ecosystem. According to the Symbiotic team, the tech lets developers build verifiable, secure coordination layers for decentralized applications (dApps) across multiple chains. Under the hood, the SDK plugs developers into the Symbiotic network. From there, developers may configure networks to use stake on one blockchain to verify activity on another. 'This makes it easy to build bridges, oracles, rollups, or risk protocols that are secured by real stake and verifiable anywhere their users are, without having to bootstrap a validator set, trust a multisig, or sacrifice decentralization,' the team wrote in a press release. 'For users, this means multichain applications which were previously bespoke designs, fragmented, or complex, can now be easily built with verifiable security from day one.' The rollout of Relay was a central part of Symbiotic's recent $29 million Series A funding round led by Pantera Capital. The round included participation from Coinbase Ventures and a cohort of over 100 angel investors. 'Until now, building a secure multichain protocol meant choosing between trusted relayers or expensive, bespoke infrastructure,' said Algys Ievlev, co-founder of Symbiotic. 'Relay solves that. It gives builders a way to use real stake to verify real outcomes across chains without making tradeoffs on cost, security, or developer experience. We believe this will become the default way protocols coordinate across chains.' Read more: Pantera Leads $29M Funding for EigenLayer Rival Symbiotic to Expand Staking Play Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
15-05-2025
- Business
- Korea Herald
Korean crypto CEO to join Trump's inner circle of 'meme coin' millionaires
A South Korean crypto firm CEO has landed an unexpected invitation to an upcoming private dinner with US President Donald Trump on May 22, after becoming one of the largest holders of the president's own cryptocurrency, $TRUMP. The May 22 event at Trump National Golf Club in Washington is limited to just 25 people worldwide, a group chosen based on their weighted holdings of $TRUMP between the coin's Jan. 17 launch and May 12. The only Korean on the list is Oh Sang-rok, CEO of Hyperithm, a Seoul- and Tokyo-based firm that manages digital assets for institutional investors in Asia. Blockchain records show Oh is likely behind a wallet holding roughly $3 million worth of $TRUMP, making him the 13th-largest investor. $TRUMP is what's known as a meme coin, which is a type of cryptocurrency that doesn't offer any particular technical innovation or utility, but gains attention through internet culture, celebrity association, or viral hype. Unlike mainstream tokens like Bitcoin, meme coins are typically driven by social media momentum and investor speculation. They can soar in price when they catch attention, but just as often crash once that momentum fades. Oh is not a celebrity trader or a speculative retail buyer. He comes from a traditional finance background, with experience in M&A at Morgan Stanley's Seoul office, and co-founded Hyperithm in 2018 with a goal of building a crypto investment firm that behaves more like a disciplined fund than a hype-chasing startup. Since then, the company has remained profitable even through industry crashes like FTX and Terra-Luna, which is a rarity in a market known for dramatic booms and busts. Unlike many Korean crypto firms focused on local exchanges or retail platforms, Hyperithm deliberately built its first base in Japan, where institutional crypto investing is legally recognized. The company now works with banks, securities firms, and funds across Asia and the US, and has received backing from global players like Coinbase Ventures and GS Futures. Oh has been outspoken about Korea's slow regulatory progress and the need for digital assets to be treated as part of the country's broader high-value economy. He sees crypto not as a cultural fad, but as a serious financial infrastructure play. 'Crypto should be recognized as a core K-asset,' he said in a Korean media interview earlier this year.
