Institutional investors often look for coins that are small in size and in early stages with great fundamental and future tailwinds. A new coin, DTX Exchange, is seeing a big inflow of funds into the presale. Launched at the price of $0.02, DTX has doubled now and is trading at $0.04 in the second stage of its presale.
With the institutional investors, retail investors from all over the crypto community, including Binance (BNB) and Ethena (ENA), are shifting to the DTX Exchange as it has surpassed the growth of other cryptos. In the recent market correction, the performance of coins like Binance (BNB) and Ethena (ENA) has been poor and investors are seeking new opportunities.
Binance (BNB) joins the Global Travel Rule Alliance (GTR)
After facing numerous legal challenges, Binance (BNB) has joined the Global Travel Rule Alliance (GTR). By doing so, Binance (BNB) aligns itself with an international community of Virtual Asset Service Providers (VASP) dedicated to following anti-money laundering (AML) regulations. This move is part of Binance (BNB) ongoing efforts to meet the Financial Action Task Force (FATF) recommendations, especially recommendation No. 16, known as the Travel Rule.
Binance (BNB) integration into the GTR goes beyond regulatory compliance. It shows a strong commitment to enhancing user data security. The GTR uses advanced methods to protect digital information, enabling Virtual Asset Service Providers to maintain complete control over their decryption keys.
Will Ethena (ENA) be able to reach its launching price?
Launched this year, Ethena (ENA) is facing bearish momentum after the launch. Ethena (ENA) is a synthetic dollar protocol on Ethereum that offers a crypto-native alternative to traditional banking. Its synthetic dollar, USDe, also called the “Internet Bond,” provides a dollar-denominated savings tool with the benefits of decentralized finance (DeFi).
After the launch, Ethena (ENA) ‘s price reached around $1.50, but it crashed after that, decreasing over 70%, and is currently trading at $0.4419. Last month, Ethena (ENA) ‘s price broke the launching price support and was down 5% from that level. In the last 24 hours, Ethena (ENA) has been up around 8%. If this trend continues, it can reach the launching price soon.
DTX Exchange Is The Favourite Pick Of The Institutional Investors
Institutional investors know what a retailer doesn’t because they have connections and resources. The attraction of institutional investors towards the DTX Exchange tells a lot about the future of the coin. Investors, particularly from Binance (BNB) and Ethena (ENA), are also more interested in the coin as it is about to launch very soon.
The initial presale phase for the DTX exchange exceeded expectations, raising over $120,000 and boosting investor confidence. The platform offers up to 1000x leverage on various assets, positioning DTX as a leader in high-frequency trading.
DTX shines with its strong technological framework, designed to streamline transactions and cut costs. These features are crucial as the cryptocurrency market continues to grow and evolve. Analysts believe DTX’s advanced capabilities could make it stand out in a crowded market, attracting investors seeking the next big opportunity in crypto.
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