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Introducing Qume - the world’s fastest crypto derivatives platform

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Check out past issues of the newsletter along with more interesting crypto content as well as short (
 

Satoshi&Co Daily Crypto Newsletter

October 29 · Issue #244 · View online
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Check out past issues of the newsletter along with more interesting crypto content as well as short (but great) conversations with leading crypto industry participants at our newly-launched website www.satoshiand.co

As many of you are aware, while we tremendously enjoy bringing you the newsletter, what we enjoy even more is the opportunity to work on some cutting-edge products in the exciting crypto/blockchain space. Over the years, this experience in working on a range of projects have significantly informed this newsletter. We have built some cool projects over the past few years, including 108token.com, satoshiand.co, the now-retired Fordex, and Singapore’s premier event in the space for 2018 - Decentralize
We are now delighted to announce the launch of our crypto derivatives exchange Qume.
The untold back story on Qume - Part 1
Qume has been in the works for a while now, ever since Aditya and I stumbled upon this team of super sharp MIT Computer Science dropouts working out of a ‘hacker-house’ in Oakland, after having earned their spurs at Pantera/Goldman/HP etc. 
The initial conversation was focused on taking a superior tech stack and building out a class-leading spot exchange platform across a few different Asian geographies. Infrastructure plays have all the returns in this stage of the crypto market evolution. However, very quickly it became clear that the derivatives space was far more interesting than the plain vanilla spot exchange market.
While both are infrastructure plays, derivative market plays are decidedly more acyclical than spot exchanges; compare volumes across Coinbase, Binance and Bitmex for instance. Derivatives also offer an avenue for exposure to BTC without ever owning BTC or getting bogged down in some of the custody or regulatory questions that often come up if you are fund manager.
We will continue to build out on the back-story on Qume in following editions. But for now, we are happy to note that after months of rigorous internal testing, we are finally opening up the platform to retail traders and institutions. We are launching the exchange with one product offering (BTC perpetuals) and we plan to launch a few more derivatives products soon.
We encourage you to sign-up on the platform and give us feedback on what you like about the platform and what can be further improved. Also, there is an affiliate link on the top-right once you sign in, so you get upto 30% commission on sign-ups that happen through that link once you share that with your network! We also have an official telegram channel that you can follow here.
Meanwhile in Crypto Wonderland....
“Canadian Startup Ledn Eyeing To Expand In LatAm”
Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of “thousands” of users, more than half of Ledn’s users are in Latin America, Di Bartolomeo said, where ethereum-backed DAI is increasingly seen as an alternative to strictly regulated dollar transfers. In fact, this past weekend the central bank of Argentina restricted civilians to buying only $200 in USD per month, down from the previous $10,000.
“Bitmain Co-founder Resigns”
Bitmain Technologies Ltd.’s billionaire founder Wu Jihan announced Tuesday the resignation of his co-founder, a surprise ouster that appeared to resolve a struggle for control of the world’s largest crypto-mining startup. Micree Zhan Ketuan, who started Bitmain with Wu six years ago, no longer holds any position at the Beijing-based company effective immediately, Wu said in an internal memo obtained by Bloomberg News. The crypto-entrepreneur warned employees against taking further instructions from Zhan or attending any meetings he convenes, threatening staff with dismissal or criminal charges. Nishant Sharma, a company spokesman, declined to comment on the memo.
“Coin Staking To Generate $16B Worth Onchain Activity”
Staking blockchain-based tokens, the process of holding crypto for a set period of time and earning rewards, already accounts for approximately $8 billion in market activity. And that figure could soon double thanks to Ethereum, according to a new report from Binance Research. The report, which Binance touts as the crypto industry’s “first major study into staking,” suggests that the crypto market could soon get a major boost from staking once Ethereum complete’s it planned transfer from a proof-of-work to proof-of-stake (PoS) blockchain network.
“eToro Launches A Crypto Portfolio Based On Social Sentiment”
eToro, the popular cryptocurrency trading website, is partnering with The TIE, a cryptocurrency information services firm, to implement a Twitter sentiments trading portfolio, which lists Dash as its largest position. The announcement discusses how the TIE-LongOnly CopyPortfolio leverages social Twitter sentiment, both positive and negative, as a significant indicator to compensate for the fact that most cryptocurrency fundamentals are still maturing and thus do not have revenue, dividends or debt.
Crypto Twitter Pick
Qume
14 Months of hard work and dedication went into creating the fastest and the most transparent crypto derivatives exchange in the world.

After rigorous testing, we now welcome traders and investors to come trade on Qume - The World's Fastest Crypto Derivatives Exchange. https://t.co/RQM0MVdzBJ
2:22 PM - 22 Oct 2019
What We Are Reading / Listening To
Overnight Performance of Top 10 Currencies
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This newsletter does not constitute an offering of securities in any jurisdiction. The contents of this note should not be construed as investment advice or as a recommendation to purchase securities. This note is intended for the consumption of the recipient alone and not for public distribution. Please consult a certified financial advisor or other appropriate practitioner as may be appropriate as per your jurisdiction.
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