In a remarkable turn of events, Robinhood has reported an astronomical 400% increase in cryptocurrency trading volumes during the last quarter of the year. The surge saw trading volumes soar to an impressive $70 billion as retail investors eagerly returned to the crypto market. This resurgence coincided with Bitcoin’s dramatic ascent, breaking through the $100,000
Exchanges
In 2024, the centralized cryptocurrency trading landscape witnessed a remarkable resurgence, culminating in a staggering $18.83 trillion in trading volume. This figure, as elucidated in a recent CoinGecko report, underscores the significant fluctuations in trading activities of leading exchanges. Through an extensive examination of annual cumulative spot trading from January 2020 to December 2024, the
Crypto.com has taken a significant step in its growth trajectory by rolling out its crypto asset services across all member states of the European Economic Area (EEA). This expansion comes at the heels of the exchange receiving a comprehensive license under the Markets in Crypto-Assets (MiCA) regulation. The announcement made on February 12 reflects the
In a notable turn of events, the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have proposed a 60-day suspension of their ongoing litigation, as outlined in a recent filing dated February 10. Both entities have articulated that their decision stems from the SEC’s initiation of a specialized crypto task force, which
The cryptocurrency exchange Gemini is reportedly considering an initial public offering (IPO) as early as this year, according to sources cited by Bloomberg News. The potential public listing may represent a pivotal shift in the firm’s operational strategy after a challenging regulatory landscape in recent years. Though no definitive decisions have been reached, the exchange
On February 18, a significant step will be taken in the FTX bankruptcy saga as the defunct cryptocurrency exchange prepares to distribute funds to its smaller creditors. In an announcement by the Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd., it was confirmed that creditors with Convenience Class claims valued at $50,000 or less
In an impressive move signaling its ambition in the European market, Kraken has successfully secured a Markets in Financial Instruments Directive (MiFID) license. This development, announced on February 3, empowers the crypto exchange to enhance its offerings of regulated derivatives across significant European marketplaces. Through the strategic acquisition of a Cypriot investment firm, now sanctioned
In a remarkable turn of events, Kraken, a leading cryptocurrency exchange, has reported an outstanding financial performance for the year 2024. The company’s revenue soared to $1.5 billion, reflecting a staggering 128% increase compared to the previous year. This doubling of revenue signifies not only the growing popularity of Bitcoin and other cryptocurrencies but also
In a notable shift for the cryptocurrency realm, Kraken has unveiled a new onchain staking product aimed at U.S. clients, restarting crucial services following a challenging period of regulatory scrutiny. As reported on January 30, this product will enable users across 37 states and two territories to engage in staking with popular digital assets such
In a significant move towards regulatory compliance within Europe, Crypto.com has revealed plans to delist Tether’s USDT stablecoin by January 31. Alongside USDT, the crypto exchange will remove nine additional tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), and several others. The forthcoming actions are part of Crypto.com’s strategy to align with the new
