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spot trading
Coinbase, a US-based crypto exchange, revealed that institutional investors using its global platform outside the US can now access spot crypto trading. 
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The Securities and Futures Commission (SFC), Hong Kong's regulatory authority for securities, is progressing towards permitting retail investors to purchase Exchange Traded Funds (ETFs) tied to cryptocurrencies in the spot market.
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Hashdex, the asset management firm, has recently engaged in discussions with the U.S. SEC to resolve the regulator's apprehensions regarding its request for a spot Bitcoin ETF.
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The U.S. Securities and Exchange Commission (SEC) has once more deferred its verdict on various proposals for spot Bitcoin exchange-traded funds (ETFs), which include submissions from prominent financial firms like BlackRock and Invesco, as well as cryptocurrency-oriented Bitwise.
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Two bipartisan representatives from the House Financial Services Committee jointly penned a letter to SEC Chair Gary Gensler, advocating for prompt action on ETFs.
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According to multiple reports, including CoinDesk’s, Deutsche Bank has applied for a digital asset licence. In February 2021, the banking behemoth unveiled its intentions to enter the realm of cryptocurrency custody.
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