Legolas Exchange LGO

$0.0470
Market Cap $ 6.236 MM (#404)
24h Volume $ 18.954 K
Chg. 24h: 9.66%
Algo. score 2.9/5  (#709)
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Legolas Exchange News

LGO Markets Launches CryptoTrading Platform for Institutional Investors

LGO Markets has launched a new digital exchange with the explicit goal of attracting sidelined institutional investors to the crypto space. Bring Professionalism to Traditional Exchanges According to an official blog post, the New Jersey-based LGO Markets cryptocurrency exchange officially launched on March 4, 2019, with limited functionality that will allow institutional investors to setRead MoreRead More. The post by Tom Nyarunda appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

18 days ago

New Exchange LGO Markets Launches Offering Unusual Approach to Crypto Custody

CoinSpeaker New Exchange LGO Markets Launches Offering Unusual Approach to Crypto Custody Currently, a lot of crypto experts believe that the future of the industry greatly depends on the involvement of institutions. Institutional trading still continues to gain momentum which ensures a necessity to introduce new ways and approaches to investing which could attract the attention of this growing group of the industry’s participants. Crypto Custody Welcomes the New Player One of the newest players is the New Jersey-based platform known as LGO Markets. As the platform was launched with limited functionality, now its clients can fund and trade through their registered accounts but it is planned that soon spot trading will be added. The launch of spot trading in Bitcoin is scheduled for March 11. As it has been revealed by the platform’s CEO Hugo Renaudin, 10 institutional clients have already joined LGO Markets. They are hedge funds, crypto businesses, market makers. But the greatest interest is observed from the side of over-the-counter (OTC) trading desks. Moreover, 56 clients are to join the platforms soon as at the moment they are preparing for it. The company views its mission in providing clients with a reliable environment where they will have an opportunity to feel comfortable even when they are just making their first steps in the crypto sphere. The model of LGO looks like a combination of the best features of centralized and decentralized exchanges. The funds will be stored by clients independently. But at the same time, the order book will run on a central server and the clearing company will be responsible for the settlement of the trades. LGO wants to prevent market manipulations and data tampering that’s why all orders will be timestamped and visible to everyone as they will be recorded on the blockchain. Such an approach will guarantee transparency and security for the participants. To join LGO’s platform investors need to create a multi-signature wallet which utilizes three private keys to operate. One key will be kept by a client, the second one - by the platform and the third one is to be held by a Swiss company, Altcoinomy that has been chosen to act as the clearing agent. Another requirement for investors is having a Signature Bank account as this bank is an official bank of LGO. Tough Competition on the Way Nevertheless, the platform understands that it will need to do its best to survive in the conditions of very severe competition. Let us remind that, for example, American financial services giant Fidelity revealed last month that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods”. Another company to have developed a special product for institutional traders is TokenSoft Inc. that introduced the Beta version of its new Knox Wallet specifically designed for use by enterprises. Meanwhile, the number of strong players is growing together with the number of potential clients who are continuously entering the market. Speaking about this issue, Renaudin stated: “There are roughly 400 institutional clients that are currently trading in the cryptocurrency market. We estimated this by talking to the crypto-friendly banks. Among these 400, it’s mostly hedge funds, proprietary trading firms, OTC brokers, a few family offices, asset managers and purely crypto players like lending providers that consider trading bitcoin as a part of their business.” Bearing in mind its peculiar approach to crypto services for investors, LGO is very optimistic about the future of its platform. To make the platform look more trustworthy, LGO will be audited by PwC. New Exchange LGO Markets Launches Offering Unusual Approach to Crypto Custody

19 days ago

Newly launched crypto exchange LGO offers an unusual approach to trading for institutional clients

LGO Markets, a new crypto exchange for institutional investors, has officially launched today, CoinDesk reports. Users can start setting up their accounts and send funds, but spot trading in bitcoin will commence on March 11.The post Newly launched crypto exchange LGO offers an unusual approach to trading for institutional clients appeared first on The Block.

20 days ago

A New Exchange Launches, Letting Institutions Custody Their Own Crypto

LGO Markets, a new crypto exchange for institutional investors with an unusual approach to custody, will launch spot trading on March 11.

20 days ago

Crypto exchange LGO Markets goes live

LGO Group, a company building products, and services with the aim to build trust in the entire crypto-asset ecosystem, today announced that its LGO Markets digital asset trading platform for institutional investors — is live. As of...

20 days ago

LGO Markets Exchange Launches With A Unique Custody Solution For Institutions

Based in Hoboken, New Jersey, a new cryptocurrency exchange called LGO Markets has just launched. It is focused towards institutional investors and offers a unique solution to custody. Every client will have to set up a multi-signature wallet with three keys and at least two keys are required to move the funds. One key is with the client, the second key is with LGO, and the third key is with a Swiss company called Altcoinomy, which will serve as a clearinghouse. There are roughly 400 institutional crypto traders. According to LGO Markets CEO Hugo Renaudin, they've already secured 10 institutional clients and they're in the process of onboarding another 56. (VS)

20 days ago

Crypto exchange LGO Markets partners with XTRD to onboard institutional traders

CryptoNinjas LGO Markets, a non-custodial, secure and transparent trading platform dedicated to institutions has announced a new partnership with XTRD, a technology company introducing a new infrastructure allowing banks, hedge funds, and... Crypto exchange LGO Markets partners with XTRD to onboard institutional traders

2 months ago

Analysis: 11 coins with sizzling sentiment as BTC wobbles

This has got to be the worst time to be trading crypto. At least a few months ago, it was pretty clear we were in a downtrend. Now, every move of Bitcoin is micro-analyzed, even as those moves become more microscopic, with everyone hoping to find signs that we might finally be turning around. But as of right now, looking at sentiment analysis, most signs still point down (this morning’s spike and $USDT craziness notwithstanding). Let’s look at the market charts to see what I’m talking about. Disclaimer: I write these things late Sunday night, generally. So if something big happens between then and publication, ¯\_(ツ)_/¯. For the last few months, Bitcoin just can’t get any sustained sentiment going. We had a peak again last week, leading up to our big drop on the 10th. And that’s the been the pattern for the last few months. We get some sustained bullish action, we reach a peak, people get excited that it’s going to continue and then, bam, the bottom falls out. Sentiment rebounded pretty quick, as did the price of Bitcoin, and we remain in the narrowing price channel we’ve been in so far this fall. That’s not terrible news for Alts, who have been able to ride Bitcoin’s stability to some nice gains. Sentiment has fallen recently with less certainty surrounding Bitcoin, but as long as we don’t see another major drop, people may continue to test the waters and throw some money into other currencies. A couple of things worth noting in the Alts market. You can expect some continued buzz around $ADA, $BAT, $XLM and $ZEC as the world awaits which coin will next be added to Coinbase. As you likely know, $ZRX began trading on Coinbase Pro last week and saw a healthy bump. $BAT has been in my weekly picks for a few weeks now and continues to be the highest rated of the “Coinbase 5”, by sentiment. Another thing worth noting is $BNB. Binance’s native currency has been in the weekly picks for the last two weeks. Generally speaking, $BNB does best in bear markets as the strongest exchange-based coin. If things turn south, it may be worth watching. Stay vigilant though. Eventually, Bitcoin is going to have to pick a direction and it’ll probably be more dramatic than we’ve seen when it does. The Top Alts These coins/tokens had the highest power rating in my analysis this week. The power rating is a weighted calculation taking into account sentiment, volume and the number of unique users who mentioned a coin. Generally, I eliminate any coins mentioned by less than 3 individual people as I don’t feel it would be representative of a trend. One important note: Pay close attention to the previous week’s price action. High sentiment can indicate both a possible move or a possible peak in price, however temporary. I’ll be adding signals soon to indicate this, but be wary of any coin with a major price shift in the last week. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. The Data Coin Sentiment (of 100) Volume Influencers Power Rating ABT 0 1 1 0 ACED 93 1 1 46.5 ADA 40 25 15 68.25 ADX 64 1 1 32 AE 11 4 2 36.75 AGDN 90 1 1 45 AGG 48 1 1 24 AGI 81 6 1 60.75 AION 39 19 8 66.75 ALQO 58 6 4 69.5 AMB 64 1 1 32 AMGN 3 1 1 1.5 ANON 78 5 2 71.75 ANS 85 1 1 42.5 APOT 2 1 1 1 ARK 59 4 4 67 ARN 36 5 4 57 ARO 5 4 4 40 AURA 81 4 1 57.75 BAT 64 19 11 79.75 BAX 64 1 1 32 BAY 20 1 1 10 BBK 48 3 3 56.5 BBP 64 1 1 32 BCC 93 1 1 46.5 BCH 45 10 8 68 BCN 39 9 9 65 BCO 0 1 1 0 BDG 20 1 1 10 BIS 85 1 1 42.5 BIX 20 1 1 10 BLOCK 20 3 1 24 BLZ 20 1 1 10 BNB 62 16 7 77.25 BOX 85 1 1 42.5 BQX 64 1 1 32 BTC 41 437 87 70.5 BTS 20 1 1 10 BVO 99 1 1 49.5 BWK 74 17 5 81.75 BXY 74 3 3 69.5 BYC 0 1 1 0 BZX 74 3 1 51 CATO 64 3 3 64.5 CHF 5 2 1 13.25 CLO 93 1 1 46.5 CLQ 81 1 1 40.5 CMT 78 8 4 80.75 COLX 16 5 1 26.75 CRM 90 1 1 45 CTK 3 1 1 1.5 CV 93 3 2 74.5 CYFM 81 1 1 40.5 DACC 85 2 2 67.25 DAI 64 2 1 42.75 DALA 99 1 1 49.5 DAX 16 5 5 48.25 DAXT 48 1 1 24 DBIX 59 5 2 62.25 DCR 20 6 3 48.75 DERO 60 13 3 71 DEV 48 3 2 52 DGB 43 5 5 61.75 DGTX 7 1 1 3.5 DIG 11 1 1 5.5 DIS 0 1 1 0 DJI 15 7 5 49.75 DLT 99 1 1 49.5 DNT 3 2 2 26.25 DOGE 61 3 3 63 DOT 18 3 1 23 DOW 5 2 2 27.25 DP 90 1 1 45 DRGN 11 2 2 30.25 DTB 48 1 1 24 DXY 20 1 1 10 DYN 48 3 1 38 ECC 85 2 2 67.25 EDG 40 2 1 30.75 EGEM 85 1 1 42.5 ELA 64 1 1 32 ELF 44 3 1 36 ENG 36 5 2 50.75 EOS 35 18 13 65.25 EQLI 20 1 1 10 ESE 48 1 1 24 ETC 15 14 12 54.25 ETH 19 50 28 58.75 ETN 64 3 2 60 EVI 95 1 1 47.5 EVX 61 3 2 58.5 FLASH 97 1 1 48.5 FOTA 46 13 2 59.5 FTC 64 1 1 32 FUEL 44 3 1 36 GAS 48 1 1 24 GAX 20 1 1 10 GE 20 1 1 10 GEO 97 1 1 48.5 GFY 5 4 3 38.25 GIN 64 4 3 67.75 GMT 7 1 1 3.5 GP 20 1 1 10 GRS 81 1 1 40.5 GVT 76 2 1 48.75 HEXX 20 1 1 10 HKN 7 5 4 42.5 HOT 48 10 6 68.5 HT 11 4 2 36.75 HXRO 20 2 2 34.75 ICX 42 29 12 69.25 INS 10 3 2 33 IPSX 64 4 1 49.25 KEY 80 5 2 72.75 KLKS 61 2

5 months ago


News courtesy of berminal.com
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