By Ollie H - Cryptocurrency Broker - 23-07-2021
A Decentralised Finance (DeFi) initiative dubbed the all-in-one DeFi hub, Karura Swap, now allows users to trade the pair Kusama/Karura KSM/KAR. The Karura Swap platform has become one of the few Decentralised Exchanges (DEX) to have been released on Polkadot (DOT) and Kusama.
A DeFi feature integration on Kusama's Acala protocol has built and opened one of the first DEXs on the network, Karura Swap. The announcement for the new crypto exchange platform came on Friday, along with the news that KSM/KAR will officially be the first pair that can be traded on the platform.
Reportedly, Karura Swap currently has more than 1,000 unique liquidity providers, with a starting net value of $3.4 million. The developing team behind Karura Swap mentioned a feature that gives users access to a liquidity sandbox. The dubbed "bootstrap feature" is used for trading pairs such as KSM/KAR to help stop market manipulation. The blog post announcement of the new exchange that allows users to swap crypto, stated that Karura plans to bring the trust and faith back into a market that has none. The bootstrap function is said to help investors see the true value of the trading pairs and that the feature will help provide "open finance for all."
So far, the bootstrap feature is available with the KSM/KAR pairing; however, this feature will be implemented to each trading pair the platform launches.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely trade crypto today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards