Category: Exchanges

Here’s Which Crypto Exchange Platforms Are Safest for Traders, According to New Study

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A firm that provides comparative data for investors is taking a deep dive into the safety of cryptocurrency exchanges. In a new study, the Malta-based BrokerChooser analyzes 20 of the world’s most popular crypt marketplaces in a variety of metrics to determine which are the safest for investors. Taking the top spot with a rating of 4.1 out of five, is Coinbase, the largest crypto exchange in the US. BrokerChooser says Coinbase ranked as “tier 1” in most categories and highlights its emphasis on security. “Coinbase holds an insurance policy…

Crypto Exchange Upbit Operator Sees 47% Decline in Q1 Revenue

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Cryptocurrency exchanges are now facing the wrath of the declining market sentiment. Dunamu, the operator of South Korean crypto exchange Upbit, reported the first quarter of 2022’s operating profit at 287.8 billion won ($232.75 million), which was a yearly decline of 46.9 percent. According to a report by The Korea Times, the sales of the company also dropped by 28.6 percent in the three months. “Our sales and revenue fall is attributable to tightening global  liquidity  Liquidity The term liquidity refers to the process, speed, and ease of which a…

FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report

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The chief executive of Seychelles-based crypto exchange FTX reportedly says that the company is ready to make multi-billion dollar investments to expand its operations. According to Bloomberg, FTX CEO and co-founder Sam Bankman-Fried says that the company has set aside over $2 billion from fundraising events to finance investments in other firms. “FTX is a profitable company. You can look at the amount that we’ve raised over the last year or two – it’s a few billion dollars. That gives maybe a sense of where we are in terms of…

DTT Group Secures $10M Series-A Funding for DTTcoins Crypto Exchange

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DTT Group, a globally regulated and a globally recognized financial leader with over 20 years track record in the brokerage and fintech space, today announced that it has successfully raised $10 million in Series A funding round for its cryptocurrency exchange, DTTcoins . With its mission to advance the global crypto landscape and its vision of creating blockchain solutions to empower the crypto community, the investment funding will be put towards DTTcoins’ global expansion plans as well as towards research and development to further enhance client solutions and develop new…

New Luna cryptocurrency is already crashing

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Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive luna but not terraUSD, a so-called “stablecoin” that plunged below its intended peg to the dollar, causing panic in the crypto market. TerraUSD, or UST, is what’s known as an algorithmic stablecoin. It relied on code…

VSA Capital Group Partners with Aquis Stock Exchange

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VSA Capital Group, a global investment banking and broking firm, announced today that the company has collaborated with the Aquis Stock Exchange (AQSE) to launch VSA Capital AQSE Apex Index. The newly launched index will elevate the profile of the AQSE Growth Market. According to the details shared by the company, the launch will enhance transparency in the market. VSA Capital AQSE Apex Index incorporates all of the 21 equities within the Apex segment of the AQSE Growth Market. VSA Capital noted that the index will be updated in the…

Crypto Exchange Binance To Tighten KYC Controls and Sanctions Enforcement With New Tech Partnerships

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Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions. According to a new press release, Binance is teaming up with data analytics and security company Kharon and screening provider Neterium to prevent illegal activities by bad actors and sanctioned entities. “Through this partnership, Binance will utilize Kharon’s industry-leading data and analytic platform in order to enhance its sanctions screening and broader KYC controls. Kharon’s data will be delivered into Binance’s transaction screening environment in partnership with Neterium.…

Top Coinbase Executives Have Unloaded $1,200,000,000 Worth of Shares Since the Exchange’s Public Listing: Report

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Executives at top crypto exchange Coinbase are reportedly selling off $1.2 billion worth of the company’s shares since its direct listing in April 2021. The Wall Street Journal (WSJ) reports that Coinbase CEO and co-founder Brian Armstrong, co-founder Fred Ehrsam, president and chief operating officer Emilie Choi and chief product officer Surojit Chatterjee are responsible for the sales. The WSJ determined the figure by tracking regulatory filings. Coinbase’s shares (COIN) opened at around $342 in April 2021 but have since plummeted to $75.12 at time of writing, according to MarketWatch.…

Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse – Regulation Bitcoin News

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The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) onto crypto exchanges, the Korea Times reported Thursday. The Korean National Assembly and the government held an emergency meeting with the heads of major crypto exchanges in the country Tuesday to discuss measures…

Digital Assets Exchange Crypto.com Lists New Ethereum-Based Altcoin

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Singapore-based digital asset exchange Crypto.com is following in the footsteps of other top exchanges and listing a new Ethereum (ETH)-based altcoin focused on developing the Web3 space. Crypto.com recently rolled out support for Project Galaxy (GAL), which bills itself as the largest Web3 credential data network in the world. The project’s native token, GAL, just launched earlier this month and has seen its price plummet nearly 75% from an all-time high of $18.32 on May 6th to $4.71 at time of writing. GAL is used for governance in the Project…