Category: Exchanges

Crypto Exchange Gemini Files S-1 For $317M IPO

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Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, announced the launch of an initial public offering (IPO) of 16.67 million shares of Class A common stock. Gemini Space Station filed a Form S-1 for IPO on Tuesday, planning to sell the shares priced between $17 and $19 per share, to raise up to $317 million. Subject to completion, the filing comes weeks after the company filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the…

India Flags Hidden Crypto Practices That Mirror Global Exchange Failures

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India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials […] Source

Bitcoin ETFs See Billions in Daily Trading, Rivaling Major Exchanges – SuperCryptoNews

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U.S. spot Bitcoin exchange-traded funds (ETFs) are now a dominant force in the crypto market, generating between $5 billion and $10 billion in daily trades. This activity rivals major centralized exchanges like Binance and highlights their growing importance to institutional investors. According to Julio Moreno, the head of research at CryptoQuant, these ETFs have emerged as a primary way for investors to gain exposure to Bitcoin, signaling a significant increase in institutional interest. Despite the surge in ETF activity, Binance still leads in overall spot trading volume. The exchange reports…

Report: Stablecoin Exchange Reserves at All-Time High as Capital Inflow Slows 

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A new divide in crypto liquidity is taking shape as stablecoin exchange reserves climb to unprecedented levels even while market capitalization growth cools, according to a new report from Cryptoquant’s analysts. Stablecoin Exchange Reserves Climb to $68B Onchain analytics firm, Cryptoquant, and data from cryptoquant.com, highlight that stablecoin exchange reserves have hit a record $68 […] Source

World’s Largest Crypto Exchange by Trading Volume Announces Airdrop for New Layer-1 Altcoin

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Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be…

CFTC Issues New Advisory Paving the Way for Foreign Crypto Exchanges To Offer Services to US Traders

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The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory, paving the way for foreign crypto exchanges to offer trading services to US users. CFTC Acting Chairman Caroline D. Pham says the advisory provides regulatory clarity for the foreign board of trade (FBOT) registration framework, which is designed to give non-US entities the ability to provide US residents with market access. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by…

21Shares lists first Hyperliquid ETP on SIX Swiss Exchange

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21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first…

Bitcoin ETFs Hit $10B Daily Volume Rivaling Top Exchanges

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United States-based spot Bitcoin exchange-traded funds are now responsible for a significant share of daily spot trading as institutional investors have continued to warm to crypto.  “Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure to Bitcoin,” said Julio Moreno, head of research at blockchain analytics firm CryptoQuant, on Thursday.  US-based spot Bitcoin (BTC) ETFs now regularly generate $5 billion to $10 billion in daily volume on active days, sometimes surpassing most crypto exchanges, “reflecting growing institutional demand,” he added.  Binance still leads in…