Crypto Exchange Financial News

15.11 / 21:27

Binance Crypto Exchange Customers Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange

Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants.

01.11 / 07:37

Exchange Asia Crypto Exchange HashKey Hong Kong’s HashKey Breaks Retail Ground with Trading App, HSK Token to Follow

Hong Kong-based cryptocurrency exchange HashKey has ventured into the retail trading sector with the official launch of its trading app, making it the first licensed virtual asset exchange app in Hong Kong.

31.10 / 11:05

Web3 Crypto Exchange VARA Web3 Wallet Backpack Launches Registered Crypto Business in Dubai

Backpack, an all-in-one Web3 wallet, has become the latest to receive a Virtual Asset Service Provider (VASP) license in Dubai. The approval will enable Backpack to launch a regulated cryptocurrency exchange service in the city.

30.10 / 06:53

Blockchain Binance Digital Strategy Align Crypto Exchange stake acquires Thailand’s K-Bank Acquires 97% Stake in Parent Company of Satang Crypto Exchange

Thailand’s second-largest bank, Kasikorn Bank, widely known as K-Bank, has acquired a 97% stake in the parent company of the established Satang crypto exchange.

17.10 / 11:41

Binance UK Crypto Exchange Crypto exchange Binance to stop accepting new users in UK

Binance said on Monday it will stop accepting new customers in the United Kingdom, in compliance with new regulation restricting promotions from overseas digital asset firms in the country. New users in the UK will not be able to register on the platform from 5 PM local time (4 PM GMT), according to a post on Binance's website. The country's tough stance comes as cryptocurrency regulation remains in focus around the world after a string of high-profile collapses last year sparked worries about how these firms use and store customer deposits in a largely unregulated industry. The Financial Conduct Authority's (FCA) new rules around cryptoasset promotions came into effect on Oct. 8.

16.10 / 13:09

Crypto regulations Crypto Exchange valuation Hong Kong's OSL Crypto Exchange Explores Sale at $128 Million Valuation

Hong Kong-based BC Technology Group Ltd. is reportedly in the early stages of considering the sale of its crypto exchange platform OSL.

29.09 / 10:09

cryptocurrency Crypto Exchange Binance says to sell Russia business to CommEX

Crypto exchange Binance said on Wednesday it has entered into an agreement to sell its Russia business to crypto exchange CommEX. Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business, the world's largest cryptocurrency exchange said in a statement without disclosing financial details of the deal. «As we look toward the future, we recognise that operating in Russia is not compatible with Binance's compliance strategy,» said Noah Perlman, Binance's chief compliance officer.

27.09 / 23:39

Kraken stock market Crypto Exchange Kraken Explores Stock and ETF Trading, A First for Crypto Exchanges

San Francisco-based crypto exchange Kraken is reportedly considering a move into the stock market with the addition of stocks and exchange-traded funds (ETFs) to its trading platform, according to a Bloomberg report today.

27.09 / 06:09

UPS Coinone Platform Southern Crypto Exchange show S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation

A South Korean court has jailed a former senior executive of the crypto trading platform Coinone for taking bribes in exchange for listing altcoins.

27.09 / 01:43

Gemini crypto regulation MICA Crypto Exchange services regulatory Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure - Here's What You Need to Know

Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023.

23.09 / 08:17

Crypto Exchange Australian Australian regulator sues crypto exchange for design, distribution failures

civil proceedings against Bit Trade Pty Ltd, provider of the Kraken crypto exchange to Australian customers, for failing to comply with design and distribution obligations for its margin trading product. The design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute them in a targeted manner. The Australian Securities and Investments Commission (ASIC) alleged that Bit Trade failed to make a target market determination for the product before offering it to customers, and continues to offer it despite being notified of the ASIC's concerns in June last year. Bit Trade's margin trading product is a credit facility as it provides customers credit to buy and sell certain crypto assets on the Kraken exchange, ASIC said.

18.09 / 08:53

FTX Crypto Exchange Bankrupt crypto Crypto Holdings Bankrupt crypto exchange FTX allowed to crypto holdings worth $3.4 bn

crypto exchange FTX can sell and invest its crypto holdings worth over $3.4 billion to pay back creditors, a US judge has ruled. Judge John Dorsey in the US Bankruptcy Court for the District of Delaware approved the motion and overruled objections opposing the plan, reports Coindesk. FTX holds $1.16 billion of solana crypto tokens — approximately 16 per cent of the token's outstanding supply — and about $560 million in Bitcoin. The rest of its holdings consist of lesser known illiquid tokens.

18.09 / 06:31

FTX Crypto Exchange NFL Star Trevor Lawrence and Two Other Celebrities Settle FTX Lawsuit

Three high-profile figures, including NFL quarterback Trevor Lawrence and popular YouTubers Kevin Paffrath and Tom Nash, have chosen to settle a lawsuit relating to their promotional activities for the now-defunct cryptocurrency exchange FTX.

26.08 / 08:59

coindcx Crypto Exchange BitOasis Dubai Crypto Exchange BitOasis Secures Investment from Jump Capital and Wamda – Here's the Latest

Dubai-based cryptocurrency exchange BitOasis has secured a round of funding from a group of investors, including Indian digital-asset platform CoinDCX.

17.08 / 07:49

Binance Crypto Exchange Binance files for protective order against SEC

Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission saying the regulator's requests for information were «over broad» and «unduly burdensome». In a court filing in the US District Court of Columbia, BAM Trading, Binance U.S.'s operating company and BAM Management said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone. Binance and the SEC did not immediately respond to a request for comment.

09.08 / 18:21

Crypto Exchange Binance Makes Historic Move as First Licensed Crypto Exchange in El Salvador

Binance, the world's largest cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador.

07.08 / 15:17

Huobi Crypto Exchange Drop Rumors of Insolvency and Chinese Probes Cause Huobi Crypto Exchange TVL to Drop to $2.5 Billion

Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations.

07.08 / 10:37

Hodlnaut Crypto Exchange OPNX Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected

OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.

07.08 / 08:39

SEC coinbase Crypto Exchange Coinbase revenue beat estimates, executives expect to win battle with SEC

Coinbase Global beat second-quarter revenue expectations on Thursday on higher interest income while its executives said the crypto exchange expects to win its legal battle with the U.S. securities regulator. The company and its rival Binance were sued by the U.S. Securities and Exchange Commission in June. It alleged that Coinbase traded at least 13 crypto assets that are securities without registering them with the regulator. The SEC action marked a dramatic escalation of a crackdown on the crypto industry. «With respect to the litigation with the SEC, I want to be very clear, we do think we can win. We expect to win,» said Chief Legal Officer Paul Grewal in a post-earnings call.

06.08 / 09:33

regulation coinbase Crypto Exchange Drop reports Coinbase Reports Significant Drop in Consumer Trading Volume Raising Concerns for Crypto Industry

Coinbase has reported a significant drop in consumer trading volume, which has raised concerns for the crypto industry.

03.08 / 13:37

Kucoin crypto mining Crypto Exchange services KuCoin Crypto Exchange Ceases Bitcoin and Litecoin Mining Pool Services – What's Going On?

Cryptocurrency exchange KuCoin has announced that it will be temporarily suspending its Bitcoin (BTC) and Litecoin (LTC) mining pools until further notice.

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