Category: Exchanges

Top Crypto Exchange Binance Reaches 200,000,000 User Milestone

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The world’s largest crypto exchange has reached a new milestone despite facing legal and regulatory battles. In a post on social media platform X, Binance thanks members of its community for helping the crypto exchange achieve a global user base of over 200 million.  “Today, we celebrate 200 million – and it’s all because of YOU! Your support is the heartbeat of our journey to one billion users.” Aside from growing its users to more than twice the population of Germany, Binance is also the leading crypto exchange in terms…

Crypto Custody Firm Fireblocks Partners With Coinbase (COIN) International Exchange

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Customers can use Fireblocks’ policy engine to configure user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations to protect against an insider unilaterally moving funds from an exchange account. They can also deposit, withdraw, and rebalance across the Fireblocks Console or API and monitor all connected account balances, according to a press statement. Source

Social Media Influencer Dan Bilzerian Contemplates Cryptocurrency Venture

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In a recent social media post that garnered over a million views, Dan Bilzerian, the American poker player and businessman known for his high-stakes games and lifestyle brand Ignite International, expressed interest in creating his own cryptocurrency. Bilzerian, who has distanced himself from any existing cryptocurrencies using his name, hinted at the possibility of launching […] Source

Binance Leading Coinbase and All Other Crypto Exchanges in This Metric, According to Kaiko Analytics

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Crypto exchange Binance is still leading the pack in more than one way, according to digital asset analytics firm Kaiko. In a new report, Kaiko ranks the top ten crypto exchanges in terms of liquidity, putting Binance at the top of the list, followed by Bybit and Coinbase. “Liquid exchanges offer superior trading conditions, such as reduced slippage and lower execution risk. While liquidity can be calculated in various ways, we’ve opted to develop a liquidity score for this quarter’s exchange ranking, using five metrics, including volume and market depth.…

Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National

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India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED […] Source

San Francisco-Based Crypto Exchange Kraken Mulls $100,000,000+ Pre-IPO Funding Round: Report

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One of the world’s largest and oldest crypto exchanges is reportedly contemplating a final funding round before possibly going public. Citing people familiar with the matter, Bloomberg reports that San Francisco-based Kraken is mulling conducting a pre-initial public offering (IPO) round after receiving inquiries from potential investors. The fundraising, which will likely aim to raise more than $100 million, may be completed by the year-end, according to the sources. Bloomberg says the exchange is looking for a “marquee” company to join its board and help it kick off a successful…

SEC Chair Gensler Criticizes Crypto Exchanges, Warns of Delays for Spot Ethereum ETFs – SuperCryptoNews

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SEC Chair Gary Gensler raised concerns regarding the ethical practices of cryptocurrency exchanges and indicated that the introduction of spot Ethereum exchange-traded funds (ETFs) will experience delays. During an interview with CNBC on June 5, Gensler addressed inquiries from Jim Cramer regarding potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. He disclosed that while the SEC approved the associated 19-4b filings for spot Ethereum ETFs last month, the launch of these products would “take some time.” Gensler cited ongoing procedural reviews as the reason for the delay but refrained…

Gemini Taps Kaiko for Enhanced Cryptocurrency Derivatives Trading

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Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing Kaiko’s Benchmark Reference Rates to power its derivatives platform. The partnership aims to enhance the stability and security of Gemini’s platform by […] Source

Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

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Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […] Source