Category: Exchanges

South Korea Orders Suspension, Fine for Crypto Exchange Coinone

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South Korea’s third-largest cryptocurrency exchange, Coinone, is facing a fine and a partial business suspension over anti-money laundering lapses, according to multiple local media reports. South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission accused Coinone of failing to comply with anti-money laundering obligations, including verifying user identities in about 70,000 cases, The Korea Times, Chosun and Yonhap News reported on Monday. The FIU also alleged Coinone facilitated more than 10,000 transactions with 16 foreign exchanges not registered with South Korean regulators, despite repeated warnings. Other accusations include…

Bank of Korea Pushes to Impose Stock Market Rules on Exchanges

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BTC Targets $88K As Exchange Inflows Drop Under $3 Billion

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Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks. The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months. BTC support cluster at $70,000 builds breakout pressure Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days.…

Coinbase CEO Signals Support for Clarity Act as Exchange Softens Stance on Crypto Legislation – SuperCryptoNews

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In a significant shift for the digital asset industry, Coinbase CEO Brian Armstrong has signaled his support for the Clarity Act, suggesting the crypto exchange may be softening its long-standing opposition to U.S. market structure legislation. Armstrong’s endorsement came on April 10 via social media, where he publicly aligned with Treasury Secretary Scott Bessent’s recent calls for Congress to expedite the passage of a federal digital asset framework. Armstrong expressed gratitude for the bipartisan efforts of lawmakers, stating that “it’s time to pass” the bill after months of negotiations. The…

Crypto Exchanges Vie for TradFi Commodities Market, Pricing Gaps Remain

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Update April 9, 2026, 1:00 p.m. UTC: This article has been updated to include a comment from Mamadou Kwidjim Toure, CEO and founder of tokenization platform Ubuntu Tribe. Cryptocurrency exchanges are taking market share from traditional finance (TradFi) trading venues through tokenized commodities products, but finding that mainstream adoption of tokenized precious metals is limited by pricing and liquidity issues. Silver perpetuals have peaked at about 40% of the equivalent volume of the Comex Silver (SI) Contract, the world’s largest silver futures market that accounts for over 70% of global…

South Korea Orders 5-Minute Reconciliation for Crypto Exchanges After $56B Bithumb Error

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South Korea’s Financial Services Commission has ordered all cryptocurrency exchanges to implement near real-time asset reconciliation and submit to monthly external audits. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). The directive follows a February operational failure at Bithumb that briefly sent $56 billion worth of bitcoin to hundreds of retail users. The Bithumb Incident On February 6, 2026, Bithumb mistakenly credited approximately 620,000 BTC (worth around $56 billion at the time) to hundreds of users during a promotional event. The intended payment was…

SPB Exchange Redesigns Derivatives to Win Back Russian Retail Flow from Offshore Platforms

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CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution CMC Markets’ Artur Delijergijevs on Metals Demand, Volatility, & Stable Execution In this exclusive Executive Interview, Finance Magnates speaks with Artur Delijergijevs, Head of Systematic Market Making at CMC Markets, about the current state of…

Maryland Man Accused of Stealing $53,300,000 From Decentralized Crypto Exchange, Laundering Funds Through Tornado Cash: DOJ

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A Maryland man has been charged with allegedly stealing more than $53 million from a decentralized cryptocurrency exchange and laundering the proceeds through Tornado Cash, according to the U.S. Attorney’s Office for the Southern District of New York. U.S. Attorney Jay Clayton says that Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” faces charges of computer fraud and money laundering tied to two 2021 hacks of Uranium Finance. Prosecutors allege that in April 2021, Spalletta exploited vulnerabilities in Uranium’s smart contracts. In the first incident, he allegedly manipulated reward mechanisms to…

Coinbase Clarifies ‘We Are Not Becoming a Bank’ After Receiving Conditional OCC Nod That Hints at Bigger Moves – Exchanges Bitcoin News

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Coinbase OCC Trust Charter Signals Federal Crypto Oversight Shift Crypto exchange Coinbase (Nasdaq: COIN) said it is not becoming a bank after announcing on April 2 that it received conditional approval from the Office of the Comptroller of the Currency (OCC), clarifying its regulatory direction. The move signals a shift toward federal oversight of crypto infrastructure while preserving a non-bank model focused on custody and institutional services. Brian Armstrong, CEO of Coinbase, shared on social media platform X that the approval does not signal a transition into banking activities. He…

Cyprus Built Its Name on CFDs. Now a Crypto Exchange Is One of Its Biggest Hirers.

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For most of the past two decades, the word Cyprus in financial services carried a specific meaning: CFD brokers. The island, anchored by CySEC regulation and easy MiFID passporting into the European Economic Area, became the operational backbone of retail trading for a generation of firms. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!) Compliance officers, relationship managers, and MetaTrader specialists filled the office parks outside Limassol. That identity is now being complicated by a new class of employer. Kraken, one of the world’s…