Cryptocurrency exchange Backpack, founded by former FTX executives, has recently announced its expansion to 11 US states amidst increasing global regulations. The company’s CEO, Armani Ferrante, expressed determination to establish Backpack’s presence in the US gradually and diligently. In the announcement made on social media, Backpack revealed its availability to residents in states such as
Exchanges
Coinbase’s non-US exchange achieved a significant milestone on Feb. 20, surpassing $1 billion in daily trading volume. The exchange, known as Coinbase International Exchange, announced that their perpetual futures trading had reached this remarkable mark within a 24-hour period. This achievement was lauded by Coinbase CEO Brian Armstrong, who highlighted that it was the first
Recently, Binance, one of the leading cryptocurrency exchanges in the world, made an announcement that sent shockwaves through the crypto community. The exchange revealed that it would be discontinuing its trading and subscription services for leveraged token offerings, including popular tokens like Bitcoin, Ethereum, and its own BNB Coin. This decision, set to take effect
Recently, US prosecutors filed a sentencing memo on Feb. 16, asking a federal judge to approve the plea deal made by Binance and its former CEO Changpeng Zhao (CZ). The deal, which was initiated in November 2023, involves Binance paying a staggering $4.3 billion as one of the largest criminal penalties in US history. Furthermore,
In its recently published financial report, leading US cryptocurrency exchange Coinbase showcased its impressive performance in the fourth quarter of 2023 and highlighted its successful expansion efforts on the international stage. The report reveals significant revenue growth during this period, along with strengthened financials and a growing customer base. Q4 2023 Results Coinbase reported a
Coinbase, a prominent cryptocurrency exchange, recently made headlines when it lifted the freeze on Debt Box’s assets. This decision came after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. Paul Grewal, Coinbase’s chief legal officer, voiced his concerns on social media platform X, highlighting the SEC’s flawed
The Korea Financial Intelligence Unit (KoFIU) is taking significant steps to tighten its supervision over the cryptocurrency industry in South Korea. The KoFIU recently unveiled a comprehensive plan to enhance regulatory oversight and consumer protection. This move comes as part of the country’s efforts to strengthen financial monitoring in the rapidly evolving digital asset market.
Cryptocurrency scams have become increasingly common, with scammers preying on unsuspecting victims’ desire to enter the lucrative world of digital assets. Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning about a fraudulent entity impostering the legitimate crypto exchange MEXC Global. This article will delve into the details
The crypto market has witnessed a staggering 250% increase in the total assets under custodial accounts in the last four months. This significant growth can be attributed to various factors, such as the hype surrounding the spot Bitcoin exchange-traded fund (ETF) and the overall performance of the crypto market. The anticipation of a bull run
The cryptocurrency market experienced a significant event as Binance, the largest crypto exchange by trading volume, announced the delisting of Monero (XMR) and Multichain (MULTI). This decision sent shockwaves throughout the market, causing both digital assets to plummet in value. The delisting comes as no surprise given Binance’s warning about potential failure to meet listing
The Solana blockchain network has been making waves in the decentralized finance (DeFi) space, particularly with the recent Jupiter airdrop. This event has generated significant excitement and has led to a surge in trading activity on Solana-based decentralized exchanges (DEXs), surpassing the trading volume on Ethereum-based platforms. According to data from DeFillama, Solana-based DEXs facilitated
In a recent bankruptcy hearing, FTX has made the decision to abandon any hopes of revival and instead liquidate its assets to provide full compensation to its affected customers. This choice, delivered by Andy Dietderich, FTX’s attorney, has had a detrimental impact on the value of the exchange’s native token, FTT, which fell 13.95% as
In recent news, Binance, one of the leading cryptocurrency exchanges, has unveiled an innovative solution to address the concerns of institutional investors. Designed as a “banking triparty” arrangement, this groundbreaking development aims to enhance trust and mitigate counterparty risks. After two years of careful development, Binance is now allowing institutional investors to secure their trading
Bitcoin’s recent decline of approximately 20% from its year-to-date high has prompted the need to take a broader view of the overall market. To gain a better understanding, we will analyze the performance of various tokens listed in the Coinbase and Binance lawsuits, both defending their positions in U.S. courts. The main point of contention
Cryptocurrency exchange Coinbase has recently revealed its intentions to diversify its execution clients, citing concerns over the dominance of go-Ethereum (Geth). This move comes as the industry continues to evolve and grow, prompting Coinbase to explore alternative qualified execution clients for its platform. In a statement made on the social media platform X (formerly known
Crypto exchange Gemini has recently achieved a significant milestone by being registered as a Digital Asset Service Provider (DASP) in France. The registration, granted by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, allows Gemini to cater to retail and institutional customers in France. This regulatory approval opens up opportunities for Gemini
Coinbase Prime, the dedicated crypto platform tailored for institutional investors, trusts, and high-net-worth individuals, experienced a significant surge in trading activity after the introduction of U.S. spot Bitcoin ETFs. A recent CryptoSlate analysis revealed that a hot wallet at Coinbase Prime has witnessed a remarkable increase in inflows, surpassing the historical dominance of Binance’s hot
In a recent development, the Indian government has blocked access to major global crypto exchanges, including Binance, KuCoin, and OKX. This move, effective January 12th, is aimed at preventing Indians from accessing the URLs of foreign crypto platforms. Notably, the Ministry of Electronics and Information Technology has also requested Apple to restrict Indians from accessing
The recent announcement by Gemini, a prominent cryptocurrency exchange, regarding the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is being hailed as a game-changer for the crypto futures market. This development is set to revolutionize the dynamics of perpetual contracts and bring about increased liquidity and diverse market participation. The
In a recent announcement, crypto exchange Binance confirmed that its application, along with several other foreign-based exchange applications, has been removed from Apple’s Indian App Store. This move comes as a result of new changes introduced by Apple regarding crypto exchanges on its iOS platform in India. The impacted exchanges include Kraken, MEXC Global, HTX
Cryptocurrency exchanges and Bitcoin exchange-traded funds (ETFs) have gained significant attention in recent years. With the potential approval of a spot Bitcoin ETF, analysts have raised questions about the pricing structures of crypto exchanges and the implications for ETF issuers. This article critically analyzes the fees charged by exchanges and the cost of holding Bitcoin
Completing risk-acknowledgment forms has become a requirement for users of Coinbase UK, as the company strives to comply with the Financial Conduct Authority’s (FCA) new financial promotions regulations. However, this process has posed several challenges for users, leading to frustrations and dissatisfaction. Coinbase UK has notified its users via emails that they must complete a
In a recent statement, cryptocurrency exchange Binance announced its consideration to delist three major privacy tokens: Zcash (ZEC), Monero (XMR), and Horizen (ZEN). Binance justified this move by stating that these assets are no longer meeting its listing criteria. In addition to the aforementioned tokens, Binance also placed a “Monitoring tag” on other digital assets
In the world of cryptocurrency exchanges, Binance has been a dominant player for several years. However, recent data from Paris-based crypto intelligence platform Kaiko reveals a significant decline in Binance’s market share. From its peak at 60% in 2022, Binance’s market share plummeted to 44.5% in the past year. This decline marks a departure from
Crypto exchange OKX has recently announced that it will be introducing new requirements to ensure compliance with the regulations set by the U.K. Financial Conduct Authority (FCA). These measures, which will come into effect on January 8th, are aimed at enhancing user awareness of the risks associated with cryptocurrency investments and evaluating their level of
Ping Exchange has recently made waves in the crypto trading landscape by initiating its trading operations on January 1st. This new entrant in the industry brings a unique feature to the table: the integration of CorePass ID for user authentication. By leveraging the Core Blockchain ecosystem, Ping Exchange offers users a decentralized digital identity that
Bitfinex, a leading cryptocurrency exchange, has released its year-end Alpha report, in which it predicts a significant growth in the total market capitalization of the cryptocurrency market. Despite the challenges faced in 2023, Bitfinex remains optimistic about the resilience and potential growth of Bitcoin and other crypto assets. According to Bitfinex’s prediction, the total market