As 2024 draws to a close, Coinbase has positioned itself as a formidable player in the cryptocurrency exchange landscape, showcasing remarkable growth and strategic foresight. The firm reported revenue of $2.3 billion for the fourth quarter, significantly surpassing analyst expectations of $1.87 billion. This impressive result reflects an 88% increase from the previous quarter and
Exchanges
The cryptocurrency market is currently witnessing an unprecedented upswelling in trading activity, particularly in the derivatives segment. This phenomenon is epitomized by CME Group’s report highlighting record-breaking trading volumes for Q4 2024. The growth trajectory observed underscores not only increasing institutional interest but also a robust engagement from retail investors. This article delves into the
In an impressive turnaround, Robinhood has reported a staggering increase in its crypto trading volume, achieving a remarkable 400% rise in the fourth quarter of the year. This surge propelled the trading volume to an astounding $70 billion, primarily driven by retail investors’ renewed interest as Bitcoin surpassed the $100,000 mark. This resurgence in the
Crypto.com has taken a significant leap in establishing its footprint across the European Economic Area (EEA) with the announcement of its comprehensive crypto asset services. As indicated in a recent post, the platform proudly asserted its readiness to offer these services to all EEA member states. This strategic expansion underscores the company’s commitment to enhancing
In 2024, the cryptocurrency trading landscape saw a remarkable shift, with total trading volumes on centralized exchanges soaring to $18.83 trillion, as reported by CoinGecko. This surge highlights a significant rebound from the previous years’ challenges, including increasing regulatory scrutiny and market volatility. The data spans five years, offering insights into market dynamics and the
In a significant development on February 10, 2023, the US Securities and Exchange Commission (SEC) and Binance came together to request a 60-day suspension of their ongoing legal battle. This unusual collaboration stems from the SEC’s establishment of a dedicated crypto task force under the leadership of Acting Chair Mark Uyeda. Both parties expressed that
Recent reports have surfaced indicating that the cryptocurrency exchange Gemini is contemplating an initial public offering (IPO) within the year. As disclosed by Bloomberg News, individuals with insight into the situation reveal that the company is in discussions with potential advisers about this move; however, an official decision has yet to be finalized. The consideration
As the cryptocurrency landscape continues to evolve, the fate of WazirX, once hailed as India’s largest crypto exchange, hangs in the balance. With plans for a potential recovery strategy underway, creditors are faced with a significant decision: either to endorse a compensation plan that could stretch until 2025 or to brace themselves for a protracted
The dramatic downfall of FTX, once a titan in the crypto trading platform landscape, has reshaped the industry and sent ripples of concern through the financial community. Valued at an astounding $32 billion prior to its collapse in November 2022, the exchange was deeply intertwined with Alameda Research, a trading firm whose management misappropriated funds,
Recent investigations led by on-chain expert ZachXBT have uncovered a staggering reality: Coinbase users lose over $300 million annually due to rampant social engineering scams. As cryptocurrency adoption increases, so too do the tactics employed by cybercriminals. The increasing number of reports on social media, where users detail unexpected account restrictions, has drawn a direct