Category: Exchanges

MiCA’s Looming Deadline: Crypto Exchanges Shake-Up Stablecoins

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The European Union’s Markets in Crypto-Assets Regulation (MiCA) will come into effect on 30 June, which is only three days away. As such, many crypto exchanges offering services in the bloc are already taking measures, mostly by dropping stablecoin offerings. “This will be a first step entering the new regulatory framework, and it will have a significant impact on the stablecoin market in the European Economic Area (EEA),” Binance, the largest crypto exchange in terms of trading volume, stated. Crypto Exchanges Dropped Stablecoins At least four cryptocurrency exchanges have confirmed…

Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration

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Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on […] Source

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations

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Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt for operating without proper licensing. This settlement mandates significant changes in how Abra conducts its operations within these states. Abra Reaches Settlement Over Unlicensed Operations, Agrees to Major Concessions According to a report from […] Source

Brazilian Stock Exchange B3 Mulls Offering Ether Futures

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B3, the Brazilian stock exchange, is considering extending its native cryptocurrency trading options to offer ether futures contracts to its customers. The exchange, which has been a pioneer in Latam offering crypto-related trading products, would be focusing on institutional investors who want to diversify their traditional or crypto portfolios with more options. Brazilian Stock Exchange […] Source

Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko

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Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm Kaiko. In a new report, Kaiko says that the launch of Bitcoin (BTC) exchange-traded funds (ETFs) in the US has helped Bybit more than others in its push for market dominance. “The launch of spot Bitcoin ETFs in the US has significantly boosted global crypto trading volumes. However, not all exchanges have benefited equally from the rally that started in October. One exchange has by far made the most gains: Bybit. Since October, the…

Bybit Rises to Second Place in Global Crypto Exchange Rankings, Kaiko Report Reveals

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According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin exchange-traded funds (ETFs) in the United States. Bybit Climbs Crypto Exchange Ladder The report […] Source

Crypto Exchange Coinbase Announces Support for Altcoin That Pulled Off 900% Rally This Year

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Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year. In an announcement via the social media platform X, Coinbase says it’s adding Core (CORE) to its trading platform. “Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to the project, Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin. Core’s ecosystem includes a Satoshi Plus…

The Case for Launching a White Label Crypto Exchange in 2024

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The digital asset industry has surged in 2024, creating unparalleled opportunities for investors and businesses alike. The cryptocurrency market is maturing, with increased institutional interest and technological advancements driving enhanced scalability and user adoption. Market confidence is at an all-time high, creating an ideal environment for launching or expanding a crypto exchange. These developments set the stage for exceptional projections going into 2025. With the digital asset market poised for continued expansion, this year is the ideal time to launch a crypto exchange. In this article, we will explore why…

Over $256,000,000 in Chainlink (LINK) Abruptly Sent to Crypto Exchanges in Just 24 Hours, Says Analyst

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Over a quarter billion dollars worth of Chainlink (LINK), the leading blockchain oracle service, has been spotted headed to crypto exchanges. Analyst Ali Martinez says that within a 24-hour period on June 22nd, traders deposited millions of LINK to digital asset exchanges where they could be sold on the open market. “[In 24 hours], 18.77 million Chainlink (LINK), valued at approximately $256.20 million, were sent to cryptocurrency exchanges!” Source: Ali Martinez/X LINK has dropped since the tokens were sent to exchanges, currently trading at $13.03. Looking at Ethereum (ETH), Martinez…