Robby Gutmann, CEO of Bitcoin investment firm NYDIG, has suggested that over the next week announcements from some of the firm’s strategic partners will change the traditional financial landscape.

Popular cryptocurrency trading platform Kraken is reportedly considering a stock market debut next year. Fox Business reporter Charles Gasparino has said its executives are mulling either a tie-up with a special purpose acquisition company (SPAC), or an initial public offering (IPO).

Coinbase Pro announced it's adding support for Cardano’s ADA, after it became the third-largest cryptocurrency by market capitalization.

Sponsored: 1inch, a liquidity and decentralized exchange aggregator, recently unveiled version 3 of the 1inch Aggregation Protocol, making it the fastest and most advanced DEX aggregation solution in the market.

Top stories in the Crypto Roundup today:

• Major Firms Preparing ‘Game-Changing’ Bitcoin Announcements, NYDIG CEO Suggests
• Crypto Exchange Kraken Considering Stock Market Debut Next Year
• Coinbase Pro Lists Cardano’s ADA as it Becomes Third Largest Crypto
• Daily Movers – ADA, BAT, FIL
• Sponsored: Introducing the 1inch Aggregation Protocol v3

Major Firms Preparing ‘Game-Changing’ Bitcoin Announcements, NYDIG CEO Suggests

Robby Gutmann, the CEO of Bitcoin investment firm NYDIG, has suggested that over the next week announcements from some of the firm’s strategic partners will change the traditional financial landscape.

Gutmann, speaking on the ‘On the Brink’ podcast, said:

“I know starting more or less next week, you’re going to see an absolute drumbeat of pretty game-changing milestones from some of these firms.”

While Gutmann didn’t specify which partners will be making announcements, he hinted these could revolve around providing greater Bitcoin access to a wider public and new products and services. One of the products the firm offers is called “Corporate Treasury,” and it entails a suite of treasury solutions to enable corporations to hold BTC.

The announcement, he said, is going to “mark progressively new points in Bitcoin adoption, Bitcoin availability.”

Crypto Exchange Kraken Considering Stock Market Debut Next Year

Popular cryptocurrency trading platform Kraken is reportedly considering a stock market debut next year. Fox Business reporter Charles Gasparino has said its executives are mulling either a tie-up with a special purpose acquisition company (SPAC), or an initial public offering (IPO).

While no major cryptocurrency trading platform has yet gone public in the U.S., Coinbase is moving toward a direct listing while eToro has announced it’s merging with a SPAC. Some analysts believe crypto exchange stocks could be used as a proxy by Wall Street investors looking to gain exposure to the burgeoning asset class.

Kraken CEO Jesse Powell has shown interest in going public next year, but suggested $10 billion, which the company was valued at in private equity deals, would be too low. Coinbase, a direct competitor, is expected to be valued anywhere between $90 billion and $100 billion.

Coinbase Pro Lists Cardano’s ADA as it Becomes Third Largest Crypto

Coinbase Pro announced it's adding support for Cardano’s ADA after it became the third-largest cryptocurrency by market capitalization.

The price of ADA is up nearly 46% over the last 30 days, and over 5,180% in the last 12 months. Its surge was met with an influx of retail traders and came after several updates were made to the network.

Trading on Coinbase Pro will start after 16:00 UTC on March 18 if liquidity conditions are met. The exchange will initially only support withdrawals to addresses on Cardano’s decentralized Shelley hard fork, with support for addresses on the Byron version coming in the future.

ADA was also recently added to Bloomberg terminals, which provided a large number of professional traders exposure to the digital asset. Cardano’s market capitalization is $41 billion, above Binance Coin’s $39.3 billion.

Daily Movers – ADA, BAT, FIL

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Cardano (ADA) – Cardano is the world’s first peer-reviewed blockchain. Designed and developed by IOHK in conjunction with the University of Edinburgh, the University of Athens, and the University of Connecticut, Cardano SL (or Cardano Settlement Layer) is a Proof of Stake cryptocurrency

Basic Attention Token (BAT) - The Basic Attention Token is an Ethereum-based token that can be used to obtain a variety of advertising and attention-based services on the Brave platform, a new Blockchain-based digital advertising system.

Filecoin (FIL) - Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients.

Introducing the 1inch Aggregation Protocol v3

1inch, a liquidity and decentralized exchange aggregator, recently unveiled version 3 of the 1inch Aggregation Protocol, making it the fastest and most advanced DEX aggregation solution in the market.

The main improvement in the protocol's new version addresses the issue of high transaction fees on Ethereum. Now, users have the opportunity to substantially save on gas fees thanks to assembly code optimization.

The feature applies to swaps using Uniswap v2 and its forks, including Sushiswap, LuaSwap, etc. While previously, swaps on Uniswap v2 were cheaper than on 1inch, now the picture is quite the opposite. For instance, swapping ETH for DAI on 1inch requires 10.3% less gas than the same trade on Uniswap and 4.9% less than on 0x.

Thanks to this improvement in the 1inch Aggregation Protocol v3, it is now cheaper to swap tokens on 1inch than on Uniswap or other popular protocols. And the protocol operates in a flexible way: if a swap deal turns out to be more efficient with 1inch's traditional split across several paths, the latter is used.

Meanwhile, 1inch users can now take advantage of more liquidity than ever before. As of mid-March 2021, the total value of liquidity available on 1inch was $16.5 bln for Ethereum and another $2.3 bln for Binance Smart Chain.

Actually, the recent deployment of the 1INCH token on Binance Smart Chain (BSC), which made the 1inch Aggregation Protocol and 1inch Liquidity Protocol available to BSC users, came as a major step towards blockchain interoperability, one of the space's major issues.

1INCH is used on BSC for a bridge between the Binance and Ethereum networks. When a user sends 1INCH tokens to BSC, they will be locked in Binance Bridge, and a corresponding value in 1INCH tokens on Binance will consequently be unlocked.

As a result, 1inch users get access to a range of Binance-based DEXes and lending protocols, including PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap and BakerySwap.

In addition, 1inch continues to run yield farming programs in collaboration with the hottest DeFi projects, the space's potential "blue chips." The most recent programs with VSP from Vesper, OPIUM from the Opium Network, LDO from Lido DAO and TORN from Tornado have been extremely popular with users and saw major boosts on the projects’ liquidity.

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