Category: Exchanges

BitMEX Founder Arthur Hayes Sends Over $1,000,000 Worth of GMX Tokens to Centralized Exchanges: On-Chain Data

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BitMEX founder Arthur Hayes has reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to centralized exchanges. Pseudonymous on-chain analyst EmberCN tells their 79,700 followers on the social media platform X that Hayes had controlled the largest personal address for GMX holders since 2022. On Sunday, the BitMEX founder transferred all his 237,000 GMX (worth $9.78 million) to a newly created address. That address subsequently sent 41,000 GMX worth $1.68 million to the centralized crypto exchanges Binance, OKX and Bybit, according to EmberCN. The…

Crypto Exchange Spot Volumes Reach Highest Levels in Nearly 4 Years

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March proved to be another breakthrough month for the cryptocurrency market, with spot volumes on the 10 largest exchanges growing by an average of 119% compared to March, responding to Bitcoin’s historical highs, which tested levels above $73,000. Trading activity among investors on the largest centralized platforms reached levels not seen since May 2021. The record-breakers over the past year, on the other hand, grew two, three, or even six times. In March, Bitcoin closed its seventh consecutive month of uninterrupted growth, adding another 17% to its value and setting…

Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing

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The HashKey Group, an Asian entity specializing in digital asset services, has unveiled the HashKey Global exchange after securing a license in Bermuda to provide regulated digital asset trading services. The announcement was made today (Monday), marking a milestone for the firm headquartered in Hong Kong, with operational presence in Singapore and Tokyo. With the unveiling of HashKey Global, the firm is poised to expand its offerings, starting with spot trading services for 21 digital assets. Among the featured assets are popular cryptocurrencies such as bitcoin, ether, Tether’s USDT, and…

R Games Worlds First AI and Gaming token is Set to Launch on Top Exchanges

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R Games is marking a significant milestone in the gaming world with the launch of its $RGAME token, scheduled for 10 AM UTC on April 8th, 2024. This major step for R Games will launch on platforms like DAOMaker, Poolz Finance, Finceptor, and Paragen, followed by listings on top exchanges such as Gate.io, MEXC Global, PancakeSwap, Raydium, and BingX. A strong community from Fabwelt Studios and WEMIX Play backs this launch. $RGAME is Poised to Transform the Blockchain Industry with Artificial Intelligence, Precise Engineering and Racing. Keep Reading Starting with…

Uniswap Surpasses $2 Trillion in Lifetime Trading Volume, Challenging Leading Centralized Exchanges

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Uniswap, the premier decentralized exchange (DEX), has achieved a remarkable milestone by reaching $2 trillion in total trading volume as of 11:55 a.m. UTC on April 5, according to insights from a Dune Analytics dashboard maintained by Zach Wong, the strategy and operations lead at Uniswap. This significant volume includes transactions conducted on several blockchains that support Uniswap, such as Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network. Uniswap’s Rapid Growth: Achieving the Second Trillion in Record Time Since its inception in November 2018, Uniswap…

Coinbase Makes History as First International Crypto Exchange Registered in Canada

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Coinbase has achieved a groundbreaking milestone by becoming the first international and largest cryptocurrency exchange to register as a Restricted Dealer with the Canadian Securities Administrators (CSA). This achievement, following Coinbase’s formal launch in August 2023, underscores its commitment to establishing a strong presence in the Canadian market, which it has identified as a key market for expansion. The journey towards registration began in March 2023 when Coinbase signed an Enhanced Pre-Registration Undertaking, demonstrating its dedication to regulatory compliance and operational excellence. In its pursuit of registration, Coinbase worked closely…

DWS, Galaxy Digital List Exchange-Traded Commodities (ETCs) Offering Bitcoin, Ether Exposure in Germany

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While spot crypto exchange-traded products (ETPs) have been available in Europe for several years – CoinShares’ Physical Bitcoin ETP, for example, was listed in 2021, and Zurich-based 21Shares says it introduced the world’s first physically backed ETP in 2018 – they’ve come more into focus since the U.S. Securities and Exchange Commission approved a bunch of exchange-traded funds (ETFs) for the world’s biggest economy in January. The U.S. funds have attracted a net inflow of about $12 billion in less than three months, according to BitMEX Research. Source

Hong Kong Warns against Unlicensed Crypto Exchange Sure X

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Hong Kong’s financial regulator has issued a warning to the public regarding an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization. The Securities and Futures Commission (SFC) cautioned investors against trading on Sure X, highlighting the risks of potential losses due to platform failure, hacking, or misappropriation of assets. Sure X is a virtual asset trading platform operating under various names, such as “Sure Bit International Pte Ltd” or “Sure Bit International Ltd”. The SFC warned that investors might still find ways…

Beeks Group and STT Collaborate for Exchange Trading and Clearing Services

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Beeks, a cloud computing and connectivity provider for financial markets, has partnered with Securities & Trading Technology (STT) to enhance exchange trading and clearing services in the global financial markets. According to the press release, this collaboration aims to provide a suite of services targeting financial institutions. Beeks and STT aim to offer financial solutions delivered as fully managed services. According to these organizations, this approach alleviates the need for huge investments in infrastructure and operational costs. Zack Hodgson, the Chairman of STT, mentioned: “Joining forces with Beeks represents a…

Crypto Exchange Insurance Funds Surge Over $1 Billion Amid Bull Market

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Amid the ongoing crypto bull market, the top crypto exchange insurance funds have seen a remarkable surge in value, exceeding $1 billion. As of April 3, Binance’s Secure Asset Fund for Users (SAFU), comprising Bitcoin, BNB, Tether, and TrueUSD (TUSD) balances, has surpassed $2.03 billion, soaring from its initial balance of $1 billion in January 2022. Similarly, Bitget’s protection fund, initially set at $300 million when launched in November 2022, has now grown to $612 million due to the appreciation of its Bitcoin holdings. Over the past year, Bitcoin has…