Tel Aviv Stock Exchange Launches Cryptocurrency Trading Platform

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Today’s Cryptocurrency Headline

Israel’s Tel Aviv Stock Exchange (TASE) has announced the launch of a blockchain platform that will offer cryptocurrency and digital asset trading services. The exchange said it will facilitate the implementation of innovative technologies, including DLT, digital asset tokenization and smart contracts. In addition, TASE management also plans to achieve an annualized revenue growth target of 10%-12% in the next five years.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw outflows totalling US$5m last week. Bitcoin is down 2.37% over the last 24 hours and fell to an intraday low of $19,161.35. The largest cryptocurrency is yet to make a decisive move in either direction, as the price has been traded inside a very tight range for weeks. The bulls were unable to hold the price above the 20-day exponential moving average ($19,342) today, suggesting that the sellers remain active at higher levels. For now, the sideway trading activities are likely to continue as there is not much volatility in the market.

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