CryptoCompare, the leading institutional digital asset data provider and FCA-authorized benchmark administrator, has launched its updated Exchange Benchmark, which now also assesses the risk associated with decentralized exchanges (DEXs).

Fidelity Digital Assets will start offering institutional clients the ability to trade Ether (ETH) on October 28. The move is Fidelity’s latest step towards making crypto available to institutions, after earlier this month starting a new Ethereum Index Fund for accredited investors.

Brazil’s largest digital bank, Nubank, is set to launch its own cryptocurrency in the country next year as it moves deeper into the cryptocurrency space. The firm said its cryptocurrency would launch in the first half of the year.

Decentralized cryptocurrency exchange Mango Markets, which suffered an exploit earlier this month, is set to start returning the funds stolen when it occurred. The exchange said its decentralized autonomous organization (DAO), run by MNGO token holders, would vote on how to return the funds.

Top stories in the Crypto Roundup today:

• Bitstamp and Uniswap Receive Highest Score in CryptoCompare’s Exchange Benchmark
• Fidelity to Launch Ether Trading for Institutions
• Brazil’s Largest Digital Bank to Launch Own Token in Brazil
• Mango Markets to Start Returning Funds Stolen in $114 Million Exploit

Bitstamp and Uniswap Receive Highest Score in CryptoCompare’s Exchange Benchmark

CryptoCompare, the leading institutional digital asset data provider and FCA-authorized benchmark administrator, has launched its updated Exchange Benchmark, which now also assesses the risk associated with decentralized exchanges (DEXs).

As trading activity on DEXs has skyrocketed, in certain instances surpassing the volumes of centralized exchanges, CryptoCompare’s Exchange Benchmark assesses over 30 DEXs along with 130 CEXs, ranking them AA-F to identify the lowest-risk trading venues for market participants.

The DEX Benchmark is independent from the Exchange Benchmark and features a unique methodology covering over 60 metrics in areas such as security, transparency, market quality, and governance.

Uniswap v3 received the highest score in the first DEX Benchmark, and is the only decentralized exchange with an A rating. Bitstamp topped the CEX Benchmark, achieving an AA rating.

Fidelity to Launch Ether Trading for Institutions

Fidelity Digital Assets will start offering institutional clients the ability to trade Ether (ETH) on October 28. The move is Fidelity’s latest step towards making crypto available to institutions after earlier this month starting a new Ethereum Index Fund for accredited investors.

In an email, the company wrote:

"Investors will be able to buy, sell and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today,"

Fidelity Digital Assets is an independent subsidiary of financial services giant Fidelity Investments, focusing on digital assets. The subsidiary was launched in 2019 with bitcoin trading and custody offerings, and has received a trust charter from New York’s financial services regulator.

The firm currently offers two exchange-traded crypto funds dedicated to the metaverse and digital payments.

Brazil’s Largest Digital Bank to Launch Own Token in Brazil

Brazil’s largest digital bank, Nubank, is set to launch its own cryptocurrency in the country next year as it moves deeper into the cryptocurrency space. The firm said its cryptocurrency would launch in the first half of the year.

According to an announcement Nubank’s cryptocurrency, Nucoin, is a “new way to recognize customer loyalty and encourage engagement with Nubank products.” The firm plans to offer discounts and other perks to token holders.

Fernando Czapski, general manager for Nucoin at Nubank, said in a statement:

“The project is another step ahead in our belief in the transformative potential of blockchain technology and to democratize it even more, going beyond the purchase, sale and maintenance of cryptocurrencies in the Nu app.”

Nubank is set to invite 2,000 customers to take part in a group for guiding the development of the cryptocurrency before it’s rolled out to its 70 million users. The cryptocurrency was built on the Polygon network.

Mango Markets to Start Returning Funds Stolen in $114 Million Exploit

Decentralized cryptocurrency exchange Mango Markets, which suffered an exploit earlier this month, is set to start returning the funds stolen when it occurred. The exchange said its decentralized autonomous organization (DAO), run by MNGO token holders, would vote on how to return the funds.

Platforms like Mango Markets rely on smart contracts to match trades between users. These smart contracts are decentralized and not overseen by a central entity, meaning rogue traders can exploit potential loopholes in them without facing anyone stopping the attack.

One of the apparent exploiters of Mango Markets, which took over $114 million in digital assets from the platform, came forward last week and returned $67 million to the exchange.

State of the Crypto by Top Tier Exchange Volume

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