Bitcoin News
Latest Crypto from multi News Outlets
  • bitcoinBitcoin (BTC) $ 23,170.00 0.72%
  • ethereumEthereum (ETH) $ 1,674.08 1.85%
  • tetherTether (USDT) $ 1.00 0.1%
  • bnbBNB (BNB) $ 331.55 0.29%
  • usd-coinUSD Coin (USDC) $ 1.00 0.08%
  • xrpXRP (XRP) $ 0.402311 1.21%
  • binance-usdBinance USD (BUSD) $ 0.999698 0.12%
  • cardanoCardano (ADA) $ 0.398680 2.42%
  • dogecoinDogecoin (DOGE) $ 0.092083 0.56%
  • matic-networkPolygon (MATIC) $ 1.30 4.72%
  • okbOKB (OKB) $ 45.46 2.47%
  • solanaSolana (SOL) $ 23.72 1.48%
  • staked-etherLido Staked Ether (STETH) $ 1,672.02 1.96%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 0.48%
  • polkadotPolkadot (DOT) $ 6.88 2.41%
  • litecoinLitecoin (LTC) $ 101.44 2.04%
  • avalanche-2Avalanche (AVAX) $ 20.61 2.07%
  • tronTRON (TRX) $ 0.066455 3.21%
  • uniswapUniswap (UNI) $ 6.93 1.23%
  • daiDai (DAI) $ 1.00 0.07%
  • cosmosCosmos Hub (ATOM) $ 15.08 2.62%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,141.00 0.78%
  • chainlinkChainlink (LINK) $ 7.22 2.51%
  • the-open-networkToncoin (TON) $ 2.34 1.02%
  • ethereum-classicEthereum Classic (ETC) $ 23.04 1.79%
  • leo-tokenLEO Token (LEO) $ 3.39 0.31%
  • moneroMonero (XMR) $ 166.33 0.57%
  • bitcoin-cashBitcoin Cash (BCH) $ 134.62 0.91%
  • aptosAptos (APT) $ 15.75 2.87%
  • stellarStellar (XLM) $ 0.092147 1.6%
  • nearNEAR Protocol (NEAR) $ 2.67 13.16%
  • apecoinApeCoin (APE) $ 5.94 3.56%
  • lido-daoLido DAO (LDO) $ 2.57 6.64%
  • filecoinFilecoin (FIL) $ 5.58 4.01%
  • crypto-com-chainCronos (CRO) $ 0.083780 3.81%
  • algorandAlgorand (ALGO) $ 0.295244 8.05%
  • quant-networkQuant (QNT) $ 140.67 1.76%
  • hedera-hashgraphHedera (HBAR) $ 0.076725 11%
  • vechainVeChain (VET) $ 0.026302 7.06%
  • internet-computerInternet Computer (ICP) $ 5.93 4.51%
  • the-graphThe Graph (GRT) $ 0.185035 7.22%
  • fantomFantom (FTM) $ 0.569182 4.5%
  • the-sandboxThe Sandbox (SAND) $ 0.890622 23.1%
  • decentralandDecentraland (MANA) $ 0.788754 7.66%
  • axie-infinityAxie Infinity (AXS) $ 12.03 8.07%
  • aaveAave (AAVE) $ 89.22 2.61%
  • flowFlow (FLOW) $ 1.22 8.06%
  • eosEOS (EOS) $ 1.11 2.4%
  • elrond-erd-2MultiversX (EGLD) $ 47.37 3.15%
  • theta-tokenTheta Network (THETA) $ 1.17 1.57%

Crypto exchange Bitvavo says 280 million euros ‘locked’ at DCG


AMSTERDAM (Reuters) – Bitvavo, a Dutch cryptocurrency exchange, said on Friday it has 280 million euros ($296.30 million) locked at Digital Currency Group (DCG), a U.S.-based company.

“DCG is currently experiencing liquidity problems … As a result, DCG has suspended repayments until this liquidity issue has been resolved,” the Dutch firm said on its blog.

DCG operates several subsidiaries, including major cryptocurrency lender Genesis Global Capital, which froze withdrawals in November following the collapse of FTX.

Bitvavo said it expects to be reimbursed over time and that it has enough funds to “prefund any locked assets at DCG”. It said its customers are not exposed and can withdraw all their funds at any time.

It said it had given the money to DCG to offer Bitvavo customers a product where they could earn interest on their cryptocurrency token deposits.

Bitvavo is registered with the Dutch central bank (DNB) as a digital assets services provider to prevent money laundering on its platform, but it is not subject to prudential supervision by either the DNB or the Netherlands’ Financial Markets Authority (AFM).

($1 = 0.9450 euros)

(Reporting by Toby Sterling; Editing by Josie Kao)





Read More: Crypto exchange Bitvavo says 280 million euros ‘locked’ at DCG

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Leave A Reply

Your email address will not be published.