In a significant move for the cryptocurrency landscape, Kraken, a prominent crypto exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This achievement, announced on February 3, opens up an array of regulated derivatives offerings tailored to meet the needs of sophisticated investors across key EU markets. The
Exchanges
In a recent statement, Bybit CEO Ben Zhou raised eyebrows by contesting the widely accepted figures surrounding crypto market liquidations, which were reported to be around $2 billion. Zhou’s assertion that the true figure may actually fall between $8 billion and $10 billion has ignited discussions about the integrity of liquidation data in the cryptocurrency
Kraken, a premier cryptocurrency exchange, has made headlines with its remarkable financial performance in 2024, achieving a staggering revenue of $1.5 billion. This accomplishment represents a phenomenal 128% increase from the previous year, showcasing the platform’s effective strategies and adaptability in a highly volatile market. Such outstanding growth is not just a reflection of increased
Kraken, a pioneer in the world of cryptocurrency exchanges, has recently announced its reinvigorated on-chain staking product aimed at U.S. users. This development is particularly significant as it follows a tumultuous period marked by regulatory scrutiny. Starting January 30, users in 37 states and two territories will regain access to staking services for popular digital
In a bold move that has sent ripples through the cryptocurrency community, Gemini has announced it will no longer hire graduates or interns from the Massachusetts Institute of Technology (MIT). This decision arises from MIT’s recent reaffiliation with Gary Gensler, the former Chair of the U.S. Securities and Exchange Commission (SEC), whose tenure was marked
The cryptocurrency trading landscape is continuously evolving, and 2024 has seen remarkable shifts among centralized exchanges. A recent report from CCData reveals a transformative year with Crypto.com notably expanding its market share, contrasting with declines from established leaders such as Binance and OKX. The collective data illustrates an industry that, while experiencing unprecedented trading volumes,
In a significant pivot towards regulatory adherence, Crypto.com has announced its decision to delist Tether’s USDT stablecoin and nine other digital assets by January 31. This move is part of a broader strategy to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which aims to establish a framework for the crypto industry that
Coinbase has officially received the green light to commence its operations in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with the country’s National Securities Commission (CNV). This significant development, announced on January 28, marks a strategic entry into a market that Coinbase describes as increasingly promising. The approval not only denotes
In a notable turn of events on January 27, 2024, cryptocurrency exchange KuCoin entered a guilty plea to charges of operating an unlicensed money-transmitting business, as revealed through a settlement with the U.S. Department of Justice (DOJ). This plea marks a significant legal setback for the platform, which has been a notable player in the
The cryptocurrency market is witnessing an unprecedented surge of innovation, with a staggering influx of new tokens entering the ecosystem every week. As digital assets proliferate, traditional methods of evaluating and listing these tokens are becoming inadequate. Brian Armstrong, CEO of Coinbase, highlighted this pressing issue in a recent social media post, emphasizing the urgency