Category: Exchanges

FTX EU creditors can now withdraw money from Backpack exchange

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Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service. According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification on the exchange before they can withdraw funds. Backpack’s support page also explains that the KYC details on the platform must match the ones provided to FTX EU: “If they do not, you will need…

German Police Seize $38,260,000 in Crypto From eXch Amid Allegations the Exchange Laundered Hacked ByBit Funds

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German law enforcement has seized tens of millions of dollars in digital assets from eXch, a controversial crypto exchange facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year. On April 30th, Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s Public Prosecutor’s Office seized eXch’s German server infrastructure, per a new press release. The seizure included eight terabytes of data and €34 million ($38.26 million) worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH). Last month, eXch took to the BitcoinTalk forum to announce…

Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit

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The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit. In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments. “This strategic acquisition significantly advances Coinbase’s derivatives business, establishing us as the premier global platform for crypto derivatives… It’s foundational to our vision of creating the most comprehensive, compliant, and user-friendly derivatives platform globally.” Deribit is the…

Online Trading Firm iFOREX Eyes IPO on London Stock Exchange

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Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs. Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with…

Brazil’s B3 Stock Exchange to Launch Ether and Solana Futures

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B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock […] Source

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

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German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack. The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history. The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform,…

Crypto Exchanges Could Set the Regulatory Pace for the Entire Industry

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HodlX Guest Post  Submit Your Post   Blockchain-based organizations and crypto projects have long operated in a minefield of shifting and unclear regulations. But now, with the full implementation of the EU’s MiCA (Market in Crypto Assets) legislation and speculation about what Trump’s supposed crypto-friendly regulatory outline may look like, there is an air of optimism across the industry. Despite the positivity echoing from the US, turbulent prices, economic obstacles and crypto’s natural volatility counterweight any favorable developments, leaving the industry in a familiar polarized state. Crypto exchanges – as the…

Crypto.com Exchange Joins Lynq Network to Enable Real-Time Settlement for Institutional Clients

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Crypto.com Exchange has joined the Lynq network as its first exchange partner, embracing real-time settlement and yield-on-transfer capabilities. According to the exchange, the partnership enables it to enhance how capital flows through crypto markets by reducing risk and improving efficiency for institutional clients. A Strategic Alliance to Streamline Settlement The integration brings Crypto.com into a consortium that includes financial and crypto firms like B2C2, Galaxy, Wintermute, and U.S. Bank. With Lynq’s infrastructure, Crypto.com institutional users can now fund trading accounts or settle positions more quickly through a one-click process, eliminating…