Dear EMX community,
Thanks for reading this issue of EMX Insider. In this issue, you will find news on:
EMX’s new market making advisor, joining us from Grasshopper
Our private beta results: a goldmine of feedback
Our new Community Partner Program
The latest crypto industry news
We’re thrilled to announce that T-Kiang “TK” Tan is joining us as an advisor. T-Kiang is the Chief Investment Officer of Grasshopper, a leading Asian liquidity provider. Called TK by his team of 60 employees, he engages with major exchanges in the region, corporate leaders, regional regulators, and key partners for Grasshopper. Because we place a significant emphasis on liquidity at EMX, we’re very fortunate to have his guidance and help in sourcing liquidity on the exchange.
TK is a visionary; with 20 years of experience in the trading industry, he is well known as an outstanding problem-solver with his out-of-the-box thinking. He was an early pioneer in electronic market making and modern trading; his experience spans across writing code for UBS O’Connor in the 1990’s to managing full-scale build-outs of high-frequency infrastructure for major investment banks across Asia like Lehman Brothers and Mizuho.
Please welcome TK to the advisory team. We’ll share more about our market making in future EMX Insiders.
Product & Engineering Updates
Our private Beta is now complete, and we thank everyone from our community who participated in the testing process. We received some very helpful feedback on desired products, different charting features, how EMX compares with other platforms, and much more. Notably, more than half of beta testers responded that there are no features or functionalities they need that aren’t already part of EMX.
Our engineering and product teams have been finalizing the last round of specs that will take us to live launch next year. We’re also been improving usability for folks not used to trading derivatives, ingesting index data for pricing and settlement, and adding bulk order support. Our beta environment will be refreshed with these additional features and improvements soon.
It’s important for us to grow the community in a meaningful way, and find traders from all parts of the world who will not only use our exchange but also provide us with critical product feedback. That’s why we’re starting the EMX Community Partner Program.
The EMX Community Partner Program is for trading communities who want to help EMX grow and develop a best-in-class product, by participating in trading challenges, sharing ideas, and providing suggestions. And of course, we can’t ask for favors without returning them, so we will offer great incentives to the communities that participate. Special incentives include exclusive EMX-sponsored trading competitions with monetary prizes, fee discounts, direct access to our team, sponsored events, swag, and other benefits.
If you are a community leader, or if you have a large network of traders, we encourage you to apply here, and we’ll get you started.
Meet the Team
COO Jerald David spoke at the Stablecoin New York conference and shared his expertise about the role of exchanges.
This was truly a Who’s Who panel of financial experts in the world of crypto: Jerry was joined by Igor Telyatnikov of Alphapoint, Wilfred Daye from OKCoin, Diana Pires from OKEx, and Jeff Bandman of Global Digital Finance.
Over the holidays, EMX team members will be busy spending some time with family and spreading the word about EMX all over the world: Hong Kong, London, Thailand, and the U.S. As always, if you want to meet any of us, don’t hesitate to reach out to us on Telegram.
With super bearish prices these past few months, a lot has changed since the cryptocurrency economy touched all-time highs on spot markets. Meanwhile, bitcoin futures contracts have been growing and some skeptics still believe these derivatives products are disruptive toward cryptocurrency spot prices.
That crown has been worn by Binance for some time now, however, there comes a shift in a position today on December 11, 2018, as OKEx and ZB.Com bagged first and second position relatively. At present Binance is no longer owns the crown.
A Japanese lawmaker has proposed a number of changes to the current taxation regime in order to ease the burden for cryptocurrency users and encourage adoption of cryptocurrencies in the country.
A bill will be introduced to promote cryptocurrency trading. It would facilitate the promotion of cryptocurrency exchange developments. Further proposing that a new committee be established in order to support and promote crypto operations.
Nasdaq Inc. is reportedly unfazed by the cryptocurrency bear market and is fully committed to listing Bitcoin futures in a matter of months.
A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. The researchers’ findings for December were published in BTI’s “Exchange Volumes Report” on Dec. 13.