Category: Exchanges

Crypto Exchange Coincheck to Go Public with a $1.25B SPAC Deal

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Japanese crypto exchange, Coincheck, which is owned by the Monex Group, announced on Tuesday that it will go public through a merger with the blank-check company, Thunder Bridge Capital Partners IV. Q4 2021 volumes have gone up or down and how much? Both the companies have entered into a definitive agreement for the deal that is valued at around $1.25 billion. The  merger  Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats…

Crypto Exchange FTX Accelerates Expansion, Establishes Itself in Two Countries Within One Week

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Crypto exchange giant FTX is expanding the world over, moving into the United Arab Emirates (UAE) and Australia within the span of one week. Last Tuesday, FTX’s European trading affiliate FTX Europe announced the approval of its license to establish a virtual assets market in Dubai. According to the announcement, “Dubai is the only global economy to have an independently regulated environment under its newly announced Virtual Asset Regulatory Authority (VARA), to be governed by comprehensive legislation and internationally applicable policy frameworks. The license issued under prudential supervision, allows FTX to operate…

Bitcoin (BTC) Supply on Crypto Exchanges Drops to Three-Year Lows, According to Analytics Firm

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Blockchain analytics firm Santiment is pointing out some on-chain metrics developing behind the scenes for Bitcoin as BTC rallies above $42,000. The intelligence firm says that the overall supply of Bitcoin on crypto exchanges has slipped down to its lowest level in over three years. “Bitcoin’s ratio of supply sitting on exchanges continues dropping hard, down to its lowest level since December 2018. There is 13.5% less BTC on these exchange wallets compared to just two months ago, amounting to 1.6% less of the overall supply.” Source: Santiment/Twitter Santiment also…

Coinbase Hit With Class-Action Suit Alleging the Exchange Sold Crypto Assets That Are Unregistered Securities

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Crypto exchange giant Coinbase is getting hit with a class-action lawsuit that alleges the company sells digital assets as unregistered securities. According to recent court documents, the leading US-based crypto exchange platform is being sued by three individuals who claim that it is illegally selling virtual assets. “During the period of October 8, 2019, and the present, Coinbase has used [their] platform to buy from and sell to customers 79 different digital assets at issue in that action. But what Coinbase has not disclosed is that the tokens are in…

Ethereum balance on crypto exchanges falls to lowest levels since 2018

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The amount of Ethereum’s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders’ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH tokens — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges’ net Ether balance to 21.72 million ETH, down from its record high of 31.68 million ETH in June 2020. Ethereum balance on all exchanges…

Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges – Exchanges Bitcoin News

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Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms of assets, Privatbank, has prohibited its clients from transferring funds in Ukrainian hryvnia, the national fiat currency, to exchanges trading cryptocurrencies. The temporary ban has been introduced on March 16. According to a statement, quoted…

Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX – Regulation Bitcoin News

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Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed by Dubai’s Virtual Asset Regulatory Authority (VARA). The regulator was established last week when the first law to regulate crypto assets was adopted in Dubai. Binance announced Wednesday: We have been granted a virtual asset license from Dubai’s Virtual Asset Regulatory Authority (VARA). With this license, “Binance will…

Taiwanese Crypto Exchange Considers a Potential Nasdaq IPO

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MaiCoin Group, a conglomerate that operates Taiwan’s largest  cryptocurrency exchange  Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take…

Top US Crypto Exchange Coinbase Lists Eight Altcoins for Custody Support As Markets Stumble

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Coinbase is expanding its crypto footprint by extending custodial services support to over half a dozen new altcoins. In a new tweet, the US-based cryptocurrency exchange says it’s adding eight new cryptos to its roster of 150+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $API3, $BLZ, $GODS, $IDEX, $MDT, $GALA, $POWR, and $SPELL. Details here → https://t.co/HtybLZye3z pic.twitter.com/HaA4co8uPj — Coinbase Assets (@CoinbaseAssets) March 17, 2022 Coinbase Custody is a custodial service for institutional investors with big money. It’s…