Binance Launches Platform For Institutional & VIP Investors – June 24

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,860

Bitcoin price is flirting with the $21,000 level once again, as price goes on a very slow advance over the last 24 hours of trading.

Top-20 altcoins are enjoying the stability, as Ethereum jumps 9%, BNB rises 6% and Polygon accelerates ahead with another 18% move to the upside.

Top Stories for June 24, 2022 πŸ”₯

πŸ‘‰ Binance Launches Platform For Institutional & VIP Investors

Crypto exchange giant Binance has announced that is launching Binance Institutional – an advanced platform for institutional and VIP users.

The platform will offer over-the-counter (OTC) exchange services, algorithmic trading execution, advanced custody, broker products and a liquidity program for both spot and futures markets.

Binance is one of the only platforms expanding its workforce and hiring during the bear market, while most other exchanges have moved to reduce their employee count.

πŸ‘‰ Coinbase To Launch Derivatives Product Next Week

Publicly-traded crypto exchange Coinbase is set to launch its first derivatives product next week, via its “Coinbase Derivatives Exchange”. The product will be Nano Bitcoin futures, allowing investors to buy futures contracts each worth one-hundredth of a BTC.

The contracts will be available through third-party retail brokers and clearing firms. Coinbase Derivatives Exchange was previously named FairX, a derivatives exchange which was purchased by Coinbase in January of this year.

πŸ‘‰ Harmony Blockchain Bridge Horizon Exploited For $100M

Horizon, a cross-chain bridge to the Harmony blockchain network, has been exploited for almost $100 million in Ether. The attack occurred yesterday morning, with the Harmony team moving to notify exchanges and halt the bridge to prevent any further transactions.

The Bitcoin bridge remains unaffected and assets stored in decentralized vaults are safe. Harmony is an Ethereum Virtual Machine (EVM) compatible blockchain network with a $300 million market cap.