Category: Exchanges

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

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Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand. Gulf Binance — a joint crypto venture of Binance and Gulf Energy’s innovation arm Gulf Innova — has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses enable the firm to operate a crypto exchange regulated by the country’s Securities and Exchange Commission. Announcing the news on May 26, Binance said Gulf Binance is set to launch a new digital asset exchange in Thailand by Q4 2023. The new crypto venture will…

No ETH to trade? Ethereum exchange balance drops to a 5-year low

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The balance of available Ether (ETH) across crypto exchanges dropped to a five-year low on May 26, bringing the total amount of Ether held on exchanges to 17.86 million. A drastic decline in the exchange supply of ETH like this has not been seen since April 2018. According to Glassnode data, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared with the 25–26% of supply held during the 2021 bull run. The decline in Ether exchange balances. Source: Glassnode The drop in ETH supply began…

Winklevoss Twins Shift Crypto Exchange Gemini to Dublin

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Earlier in the week, it seemed that the Winklevoss brothers’ crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as…

FTX CEO Considering Reboot of Disgraced Crypto Exchange, According to a New Court Filing

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Newly filed court documents suggest FTX CEO John J. Ray III is considering restarting the bankrupt exchange’s operations. In April, Ray appeared to take part in multiple activities centered on an FTX reboot, according to a monthly compensation report filed with the U.S. Bankruptcy Court for the District of Delaware. Those activities include descriptions like “Review 2.0 next steps summary from PWP (purchase with purchase),” “Review next steps and comment on FTX restart,” “Review and finalize 2.0 reboot of exchange material for distribution,” and “Review and comment on 2.0 bidder…

Coinbase Launches New Advertising Campaign To Highlight Importance of Cryptocurrency in the US

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The largest crypto exchange in the US rolls out a new marketing initiative that puts the spotlight on crypto technology’s transformative potential for the global financial system. According to Coinbase, the national advertising campaign, Crypto: Moving America Forward, also shows what is at stake if the US fails to advance crypto given that other nations, including fellow superpower China, make significant progress with the technology. “With China embracing and advancing the use of technology, including digital assets, to project power, Crypto: Moving America Forward will also make clear that US global…

Ripple Acquires Undisclosed Stake in Crypto Exchange Bitstamp

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San Francisco-based blockchain company Ripple has taken an undisclosed minority stake in cryptocurrency exchange Bitstamp in the first quarter of this year, according to the latest transcript of Galaxy Digital’s shareholder conference call. Ripple acquired the stakes from Pantera Capital, a US-based digital asset investment firm, and Galaxy Digital advised on the deal. “On the back of a record year for our investment banking team, we advised Pantera, a leading blockchain asset management firm on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in…

TP ICAP’s Institutional Crypto Exchange Finally Goes Live for Spot Trading

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Fusion Digital Assets, TP ICAP’s crypto spot exchange for institutional investors initially targeted for mid-2021 launch, has finally gone live. The platform has successfully completed its first Bitcoin/US dollar trading pair transaction, the top interdealer broker said on Wednesday, noting that the trade was settled by one of its partners, Fidelity Digital Assets. The launch of the enterprise-grade trading venue comes six months after TP ICAP secured a UK license to operate the exchange. However, the financial market infrastructure and data solutions provider has been offering crypto derivatives services since…

Japan Implements Stricter Regulations on Cryptocurrency Transactions

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To strengthen its anti-money laundering (AML) measures, Japan has decided to introduce stringent regulations on cryptocurrency transactions, according to local news outlet Kyodo News. The country’s cabinet recently approved adopting the “travel rule” set forth by the Financial Action Task Force (FATF), an international body responsible for combating money laundering and terrorist financing. The “travel rule” refers to guidelines to deter illicit activities such as money laundering and terrorist financing by transferring digital assets. Under this rule, crypto exchanges, wallet platforms, and other service providers will be required to obtain…