Indonesia’s cryptocurrency trading activity experienced a 335.9% expansion in 2024, reaching Rp 650.61 trillion ($40.2 billion), as reported by the Jakarta Globe. The Commodity Futures Trading Regulatory Agency (Bappebti) attributed this exponential growth to an increasing user base and higher transaction volumes. Crypto Trading in Indonesia Soars as User Base Expands According to the report, […] Source
A new “culture coin” is rolling out on Binance. The top global crypto exchange airdropped Animecoin (ANIME) to qualified users this week and then listed the asset for trading. Animecoin is the sixth project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances. Animecoin bills itself as a way for fans to own a piece of the anime industry. “ANIME is a true Culture Coin – a movement that transforms the anime fandom of 1 billion fans into a community-owned…
Indian crypto exchange WazirX has just secured the approval of the Singapore High Court to convene with its users in a bid to address debts and recover following a costly cyberattack last year. In July, the North Korean Lazarus group hacked WazirX and stole more than $230 million worth of assets, the massive loss prompted the exchange to suspend withdrawals from its platform. In a new statement, WazirX says that the court decided to allow its Singapore-based parent company Zettai to conduct a meeting and propose an arrangement scheme to…
The pre-authorization for Okx brings it closer to obtaining a complete MiCA license after establishing a dedicated MiCA hub in Malta. Okx Inches Closer to Full MiCA License Okx Exchange has announced the receipt of Markets in Crypto-Assets Regulation (MiCA) pre-authorization for Virtual Financial Assets (VFA). This is a precursor to obtaining a full MiCA […] Source
Cryptocurrency exchange Bitget has emerged as the second-largest crypto exchange ecosystem globally, following a year that saw its user base expand by 400% to reach 100 million users, according to its 2024 transparency report released today (Thursday). The platform’s growth was accompanied by a surge in trading activity, with daily volumes doubling to $20 billion and spot trading volumes expanding from $160 billion in the first quarter to $600 billion in the fourth quarter of 2024. Gracy Chen, Source: LinkedIn “Over the past six years, with the robust foundation we’ve…
Klein Funding, a newcomer to the prop trading market that launched late last year, has positioned itself uniquely by focusing on cryptocurrency instruments rather than traditional FX trading. The addition of Bybit, the world’s third-largest cryptocurrency exchange by spot volume, to their list of available trading platforms is significant news for crypto traders. “Our biggest update yet is here. Seamless trading, powerful tools, and endless opportunities with 700+ cryptos to trade await,” Klein Funding announced on social media regarding the new offering. 🚨We are now offering Bybit !🚨 Our biggest…
Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws. New Stablecoin Regulations on Horizon Coinbase Global CEO Brian Armstrong has said his cryptocurrency exchange would have no choice but to delist the stablecoin issued by Tether, known as USDT, […] Source
Crypto.com, a major global cryptocurrency exchange, has expanded its presence in the United States with the launch of institutional services. Institutional Crypto Exchange in the US Announced yesterday (Tuesday), the exchange will operate under the brand Crypto.com Exchange, offering institutional services. The company already serves retail users in the US. Kris Marszalek, CEO of Crypto.com, Source: LinkedIn “Since testing an early version of the Crypto.com Exchange in the US in 2022, we have made significant investments in the Exchange’s technological capabilities and banking infrastructure, resulting in substantial global growth and…
DUBAI, UAE, Jan. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to launch “Crypto Dawn” campaign for new users and traders, inviting them to embark on a journey into the vibrant world of cryptocurrency under the theme “Heading Towards the Bright Future of Cryptocurrency.” This initiative offers participants engaging opportunities to deposit, trade, collect crypto cards, and win remarkable prizes, including 1 BTC and a Tesla Model 3. A New Era in Cryptocurrency By 2025, Bitcoin has become a key geopolitical asset, with governments and…
The team behind President Donald Trump’s crypto operations reportedly sent nearly a hundred million dollars worth of the TRUMP meme token to digital asset exchanges. According to blockchain analytics firm Arkham, Trump’s team has so far sent $92 million worth of TRUMP to crypto exchanges Arkham notes that the Trump team locked up 80% of the supply, with 10% reserved to provide liquidity and another 10% planned for public distribution. “100 million TRUMP was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora.8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb another 10% was split between…