Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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Coinbase to Open Office in Chicago

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The giant Cryptocurrency industry Coinbase is preparing to open an office in Chicago and add support for block trading in a bid to attract more institutional clients to GDAX, its professional trading platform.

According to Business Insider reporting that Coinbase will begin offering block trading - which allows traders to place large orders outside of the exchange's normal order book- as it seeks to build out its institutional client base and solve a key pain point for this demographic.

high -volume traders have a difficult time executing orders at conventional cryptocurrency exchanges since large orders can cause significant price swings in markets that remain relatively thinly-traded.

With block trading, orders are circulated to market makers outside of the exchange's continuously-updated order books and transactions are generally published on a delay. These factors help mitigate the effect that large orders have on a cryptocurrency exchange price.


The service will presumably be offered through GDAX, which currently ranks as the world's ninth-largest cryptocurrency exchange, with an approximate daily trading volume of $315 million.

New York-based exchange Gemini, which was co-founded by Cameron and Tyler Sinklevoss, began offering block trading last month.

A variety of other firms offer over-the-counter (OTC) trading for institutional buyers. Goldman Sachs-backed Circle's cryptocurrency trading desk recently double the minimum size for bitcoin orders to $500,000, citing significant demand from the large-scale trader.

Previously, Coinbase announced that it was launching a crypto asset custodial service that will be open to clients seeking to store at least $10 million worth of assets.

The publication also reports that the San Francisco-based exchange operator made the decision to open an office in Chicago due to the city's status as a haven for professional trading firms. Shifting its institutional-focused operations here could help it poach top talent from these firms and develop relationships with traders it hopes to lure to GDAX.

As CCN reported, Coinbase has allegedly internally valued itself as $8 billion, an approximate increase of $6.4 billion from the formal valuation it received last August at the conclusion of its Series D funding round.


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