ALPEX Weekly Newsletter (September Week 2)
Latest news and updates from ALPEX, a leader in digital asset trading!
Welcome to ALPEX newsletter, your resource for the latest important updates from the leader in digital asset and derivatives trading!
ALPEX is dedicated to providing the world’s most secure, stable and reliable digital asset trading platform, built around currency trading, over-the-counter (OTC) trading, perpetual contract trading, financial derivatives, and much more. ALPEX is the preferred digital asset trading platform for millions of users worldwide and the first choice for both professional and first-time traders in over 150 countries.
As we emerge from the pandemic that impacted all of us, the world is changing quickly. We witnessed two years of digital transformation in just two months during the early stages of the pandemic. Consequently, a realization of the real impact of the digital transformation on society and the economy has led to the adoption of cryptocurrencies. As El Salvador adopted bitcoin as legal tender this week, it was met with many problems, including angry protests by distrustful citizens, technical difficulties, and a drop in the value of the currency. It was a bumpy start for the bold experiment when President Nayib Bukele complained that the government-backed app was unavailable on various internet platforms, including Apple and Huawei.
Coinbase Global has been threatened with a Wells notice from the US Securities and Exchange Commission (SEC), if it implements plans to offer a crypto lending program that will allow users to earn interest on crypto assets. Paul Grewal, the company’s chief legal officer, explained that this is “an official notice that it intends to sue a company.” The delay will probably lead to a delay in Coinbase’s ‘Lend’ launch until at least October.
In other news, a blockchain analytics startup, Cipher Trace, has been acquired by Master Card as part of its ongoing commitment to cryptocurrencies. The company provides tools and solutions to prevent illicit cryptocurrency transactions. Financial transaction industries will undergo a paradigm shift as a result of cryptocurrencies. A blockchain-based system’s speed, agility, and security will revolutionize payments. As a result, all major companies including Visa, Master Card, Western Union, and PayPal Holdings want to remain competitive and grow with it.
This week, a law legalizing cryptocurrencies and regulating virtual assets was passed by the Ukrainian parliament on September 8. As a result, it became the fifth country in the world to pass a law legalizing and regulating cryptocurrency. The role, future prospects, and scope of demand for cryptocurrency has gradually become clear to governments around the world. The draft law to legalize cryptocurrencies was approved by 276 legislators in Ukraine. The National Bank of Ukraine, Ukraine’s Ministry of Digital Transformation, and the National Securities Commission serve as the main regulators of the virtual assets market under Ukrainian law.
Key developments this week included:
1. Added a credential uploading module for fiat currency transactions.
2. Data analysis and statistics on currency transactions.
3. Added an internal deposit record module to the front end.
4. Display the information for the bank card in the mobile app upon setting the payment method for fiat currency transactions.
5. On the market page, the transaction volume is uniformly displayed as USDT, and the unit of measurement is “M”.
Further developments planned for the next week:
1. Add the full-position mode to contract transactions.
2. Implement multiple audit functions for hot wallet withdrawals of foreign currencies.
3. Add the FIX currency exchange transaction mode.
4. Optimize the official website copy.
In marketing news: The governance tokens have been officially distributed by DYDX. With DYDX, market makers, long-short traders and market makers play a three-way game that differs a bit from that of Uniswap. A decentralized derivatives agreement, DYDX, is currently the only one able to match the trades of hundreds of millions of dollars.
It was a week when the Bitcoin giants screamed HODL. Bitcoin led the downward trend this week, and the global crypto market’s value fell to $1.98 trillion US dollars in the evening of September 7 from 2 trillion. Moreover, Ethereum TVL recently crossed over 180 billion U.S. dollars, which indicates that the cryptocurrency market has remained largely unchanged.
In an update from the marketing department, the ALPEX team is engaging in the planning of the Expo 2020 participation process. We have prepared many gifts pertaining to this. Our team is looking forward to meeting users at the site.
Further, new content ideas are developed by the ALPEX team for social media publishing. Innovative visual experiences are one of our goals and we strive to deliver unique experiences to our customers. Lastly, APLEX articles were published on the Chinese blockchain-based news platform Mars Finance.
Social Media Updates:
Twitter: 4,589 followers: 33 likes
Facebook:11,626 followers: 11,626 likes
LinkedIn: 10,730 followers: 220 likes
Instagram:11,392 followers :19 likes
EN and CN Telegram Community: EN followers:2,050 , CN followers:10,158
EN and CN Telegram Announcement: EN followers:1,565 , CN followers: 2,008
News from ALPEX members:
ALPEX customer service staff communicates effectively with customers and handles difficult problems
efficiently. These are some of the questions users asked this week:
1. How do I apply to become one of your agencies?
RE: Dear ALPEX User, A “contract agency” cooperation plan has not been launched by the exchange. We
encourage you to keep an eye on our official website. If there are any updates, it will be announced on our website. Our official website is as follows:
2. Why hasn’t the deposit been credited to my account yet?
RE: Dear ALPEX User, By providing your UID, we can track the progress of your withdrawal. Thank you for your cooperation.
3. Why are my contract orders automatically closed before my take profit point is reached?
RE: Dear ALPEX User, Our platform determines the mark price at the opening, closing, and liquidation points. In the current market, the marked price is generally recognized as being stable. It is a price that prevents users from inserting pins caused by short-term transaction depth in the market and resulting in user losses.
4. What is the payment method setup process?
RE: Dear ALPEX User, When you click the [Fiat currency transaction] button on the APP homepage to enter the fiat currency transaction page, click […] (three dots button) on the upper right, and select [Receive payment in the drop-down box Method] Submit application settings.
5. Are margin credits available?
RE: Dear ALPEX User, Currently, the margin credit mechanisms of our platform have been disabled, but you can still access the official website by clicking the link below:
Please subscribe to the official ALPEX announcement and learn more about the reward mechanisms.
6. Is there a time limit for withdrawals?
RE: Dear ALPEX User, Every day, between 2pm and 8pm Beijing time, we cannot withdraw for 6 hours.
7. How do I deposit in a fiat currency transaction?
RE: Dear ALPEX User, You can complete your deposit by logging in to our official platform, clicking [Fiat
currency transaction], entering the currency quantity or amount, and following the pop-up instructions.
8. Is your platform secure and compliant?
RE: Dear ALPEX User, As one of the world’s leading companies, ALPEX has been actively cooperating with
national legislation in various countries, promoting global compliance development, as well as developing
blockchain technology innovation and digital technology development. Our company has obtained financial service licenses from Canada, the Philippines, and St. Vincent. Feel free to register.
9. What is the official website?
RE: Dear ALPEX User, ALPEX’s official website is https://www.alpexmax.com/
10. How do I check the revenue from a contract?
RE: Dear ALPEX User, You can check it by clicking the [contract] icon in the upper right corner of the platform.
Lastly,users with other questions can log into the ALPEX official website and mobile app to find answers in the “Help Center” section. Please send us an email at firstname.lastname@example.org if your questions are not answered on the page to consult our customer service staff.
ALPEX Team Update
Our strategy for growth and talent acquisition continues. In the last week, we have again been busy on-boarding new team members, although we still have many more vacancies to fill.
If you would like to be part of the future of digital asset trading, then we would love to hear from you. Just send your CV, along with a covering letter to:
Thank you for reading our latest newsletter and for continuing to be a part of the ALPEX family. We look forward to bringing you more important updates again next week!