Coinbase’s non-US exchange achieved a significant milestone on February 20th as it saw over $1 billion in daily trading volume. This marks the first time that the exchange reached this impressive daily volume mark, indicating a strong and steady growth trajectory. Coinbase International Exchange reported that its perpetual futures trading alone surpassed $1 billion in
Exchanges
In a recent announcement, cryptocurrency exchange Binance revealed its plans to discontinue trading and subscription services for leveraged token offerings such as Bitcoin, Ethereum, and its BNB Coin, effective Feb. 28. The exchange stated that it would delist these tokens and halt redemption by April 3, affecting tokens like BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and
Recently, US prosecutors filed a sentencing memo requesting approval of the plea deal entered into by Binance and its former CEO, Changpeng Zhao (CZ). This deal, made in November 2023, involves Binance admitting guilt to charges related to money laundering and sanctions violations. As a result, Binance is required to pay a hefty $4.3 billion
In its latest financial report, cryptocurrency exchange Coinbase disclosed its net income and adjusted EBITDA for the fourth quarter and full year of 2023. For Q4 2023, Coinbase reported a net income of $273 million and an adjusted EBITDA of $305 million. Over the course of the entire year, it recorded a net income of
Coinbase, one of the largest cryptocurrency exchanges, has recently made headlines for lifting the freeze on Debt Box’s assets. This decision came after Coinbase discovered discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. The move sparked controversy and shed light on the SEC’s handling of the emerging crypto
The Korea Financial Intelligence Unit (KoFIU) has recently unveiled an extensive plan aimed at enhancing supervision and regulation within the crypto industry. This move comes as part of South Korea’s commitment to strengthening financial oversight and consumer protection in the ever-evolving digital asset landscape. With the development of their comprehensive strategy for 2024, which involved
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning regarding an entity impersonating the legitimate crypto exchange, MEXC Global. The scammers are using deceptive tactics to lure unsuspecting victims into a crypto investment scam, posing as a virtual asset trading platform. This article analyzes the warning and highlights
The surge in the total assets under custodial accounts within the crypto market has been nothing short of remarkable. Over the past four months, these accounts have seen a staggering 250% increase, fueled in part by the growing anticipation of a bull run and the integration of cryptocurrencies into daily life. In addition, macroeconomic conditions
Binance, the leading cryptocurrency exchange by trading volume, recently announced that it would be delisting two digital assets, Monero (XMR) and Multichain (MULTI), along with several other tokens. The delisting decision was made because these assets no longer met Binance’s listing criteria. As a result, XMR and MULTI experienced a significant decline in value. After
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
