In a landmark decision for its US customers, Binance.US has reinstated the ability to deposit and withdraw US dollars. This development, communicated on February 19, signifies a major transition from a prolonged period during which the platform operated solely as a cryptocurrency exchange. After months of navigating regulatory challenges and operational limitations, users can now
Exchanges
In a recent address to the crypto community, Changpeng Zhao, the founder and former CEO of Binance, responded to rumors suggesting the exchange was on the brink of selling itself. Addressing the swirling speculation, Zhao characterized these assertions as misleading narratives, allegedly crafted by a competing entity in Asia. This response, posted on February 17,
In a significant development for the cryptocurrency landscape, Bybit’s CEO Ben Zhou announced that the exchange has successfully emerged from the blacklist of France’s Autorité des Marchés Financiers (AMF). This milestone follows a rigorous two-year process of aligning the company with the regulatory requirements set forth by French authorities. Zhou took to social media on
The CME Group has made headlines with unprecedented trading volumes in cryptocurrency, particularly within its derivatives marketplace, throughout the last quarter of 2024. The organization reported an astounding average of $10 billion in daily trading for crypto futures and options. This figure marks a staggering increase of over 300% from the previous year’s comparable quarter,
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
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
