The Solana blockchain network has seen a surge in decentralized exchange (DEX) trading activity following the highly anticipated Jupiter airdrop. According to data from DeFillama, Solana-based DEXs recorded a total trading volume of $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period. This milestone
Exchanges
In a recent bankruptcy hearing, FTX announced its decision not to revive the exchange and instead liquidate its assets to fully compensate its affected customers. This development marks a significant turning point in the FTX bankruptcy saga, which has been plagued by flaws in the company’s operations and the actions of its founder, Sam Bankman-Fried.
The recent decline of Bitcoin by approximately 20% from its year-to-date high raises questions about the broader performance of cryptocurrencies. In order to gain a better understanding of the market, it is imperative to assess the performance of tokens listed in the Coinbase and Binance lawsuits. These lawsuits, filed on June 6 and June 5,
Gemini, a prominent cryptocurrency exchange, has achieved a significant milestone by registering as a Digital Asset Service Provider (DASP) in France. This registration, granted by the Autorité des Marchés Financiers (AMF), allows Gemini to serve both retail and institutional customers in the European country. Moreover, French users will now have access to a wide range
In recent weeks, Coinbase Prime, the leading crypto platform for institutional investors and high-net-worth individuals, has experienced a significant increase in trading activity following the launch of U.S. spot Bitcoin ETFs. This surge in activity has caught the attention of analysts, particularly due to the rise of Coinbase Prime’s hot wallet on the Bitcoin inflow
India, a country known for its booming crypto industry, shocked the world on January 12th, 2022, when it announced the blocking of access to global cryptocurrency exchanges such as Binance, KuCoin, and OKX. This move came as part of the Indian government’s efforts to regulate the crypto space and curb potential money laundering activities. However,
The Indian App Store has recently removed several cryptocurrency exchange applications, including Binance, Kraken, MEXC Global, HTX, and Gate.io. This move is consistent with Apple’s strict stance on crypto-related apps. While Binance South Asia emphasized that existing app users are unaffected, the removal raises concerns about the regulatory challenges faced by offshore crypto trading platforms
Bloomberg analyst Eric Balchunas recently raised an interesting question about the potential effects of a spot Bitcoin ETF approval on the pricing structures of crypto exchanges. He suggested that the low fees offered by some prominent exchanges might be forced to be reconsidered. However, digital asset custody platform Custodia Bank’s Caitlin Long expressed concerns about
Coinbase UK, one of the leading cryptocurrency exchanges, is taking proactive steps to comply with the Financial Conduct Authority’s (FCA) upcoming financial promotions regulations. As of January 8, Coinbase UK is requesting its users to complete a risk-acknowledgment form. This form aims to identify the investor type of users and assess their understanding of the
The crypto exchange Binance experienced a significant decline in market share in the past year, dropping to 44.5%. This decline comes after a period of rapid growth for Binance, where its market share reached a peak of 60% in 2022. However, regulatory hurdles and legal actions in various jurisdictions, particularly in the United States, have
