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
Exchanges
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
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
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