South Korea’s National Pension Service (NPS) has recently made a significant profit of 40% from its investment in Coinbase, a prominent cryptocurrency exchange based in the United States. In the third quarter of this year, the fund acquired over 280,000 shares of Coinbase, amounting to approximately $20 million. This investment proved lucrative for the NPS,
Exchanges
Binance, one of the leading cryptocurrency exchanges globally, has announced plans to expand its token offerings in Japan. The Japanese division of Binance revealed that it would be listing 13 new tokens for spot trading and crypto-earning services, significantly increasing its token selection in the country. This move positions Binance as the largest platform with
The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could pave the way for a range of “compliance-friendly” financial products, according to Coinbase’s monthly outlook report. This article will explore the potential impact of ETFs on the crypto market and how they could expand accessibility for different investor classes. Coinbase believes that ETFs could
In a shocking turn of events, BitgetX, the Hong Kong division of Bitget, has made the decision to not apply for a Virtual Asset Trading Platform (VATP) license in Hong Kong, despite having operated in the region for the past seven months. The exchange, in a statement released on November 13, revealed that it will
Former FTX general counsel Can Sun, along with other ex-FTX executives, is embarking on a new venture to establish a cryptocurrency exchange called Trek Labs. With a license obtained from Dubai’s crypto regulator, Trek Labs is set to address the challenges that led to the downfall of their previous employer and build a more transparent
Coinbase, one of the leading cryptocurrency exchanges, made a groundbreaking announcement on November 9th, unveiling a new feature that allows users to attest their account and country credentials on-chain. This move marks a significant step forward in decentralized identity verification and grants users enhanced benefits in the crypto space. Let’s delve deeper into this innovative
The native token of the cryptocurrency exchange FTX, known as FTT, experienced a remarkable surge of almost 90% within a 24-hour period. This surge propelled the token to reach a nine-month high of $2.33. The catalyst for this surge was the suggestion made by the Securities and Exchange Commission (SEC) Chair, Gary Gensler, regarding the
After facing financial mismanagement and filing for bankruptcy in November 2022, FTX, once one of the largest crypto exchanges, is now in the hands of potential buyers. Reports from the Wall Street Journal on Nov. 8 reveal that three possible buyers have emerged in the race to revive FTX. Former New York Stock Exchange president
Gemini’s UK branch recently announced a new policy that will limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting from November 17th. This decision comes as a result of the Travel Rule regulations, which now mandate VASPs to share sender and receiver information for crypto transactions. In
The U.S. Supreme Court has taken on a significant case involving popular cryptocurrency exchange Coinbase and a dispute with its users over a Dogecoin sweepstakes. The court’s decision to review the matter will have far-reaching implications for the use of arbitration in resolving conflicts between businesses and their customers. This article analyzes the ongoing legal
