Category: Exchanges

Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report

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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a lawsuit that alleges the firm illegally sold securities in the form of digital assets to customers without being registered as a broker-dealer. Engelmayer says that Coinbase’s claim was invalid because it never passed title to…

Top US Crypto Exchange Coinbase Adds Three New Altcoins to Its Listing Roadmap

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Coinbase added three relatively new altcoins to its listing roadmap on Friday, putting the tokens on the potential path toward trading on the top US digital asset exchange. The firm could soon support Morpho (MORPHO), Popcat (POPCAT) and Pudgy Penguins (PENGU). Morpho is a decentralized lending protocol built on the Ethereum (ETH) blockchain. The project’s native token launched in June 2022 and is trading at $1.81 at time of writing. The 188th-ranked crypto asset by market cap is down nearly 2% in the past 24 hours. Popcat is a Solana…

Crypto Exchange Giant Bybit Shells Out $1,000,000 Penalty to Regulators To Resume Operations in India

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The world’s second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a $1 million fine. Last month, Dubai-based exchange Bybit announced a temporary suspension in India, preventing users in the country from opening trades or accessing products on its platform and only allowing withdrawal transactions. The exchange failed to register with India’s Financial Intelligence Unit (FIU-IND) as required by the country’s anti-money laundering regulations. As a result of the violations, the regulator blocked Bybit’s websites and imposed a monetary penalty…

Coinbase Crosses $420,000,000,000 in Assets As CEO Brian Armstrong Ranks Crypto Exchange Among Top US Banks

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With Coinbase crossing $420 billion in assets, CEO Brian Armstrong is comparing the top US-based crypto exchange to leading US banks. In a new post to the social media platform X, Armstrong lays out the case for why he thinks Coinbase is now competing with the largest US banks, brokerages and payment companies. “If you think of Coinbase like a bank, we now hold about $0.42 trillion in assets for our customers, which would make us the 21st largest bank in the US by total assets, and growing. If you…

Report: Japan’s FSA Compels Apple to Act on Unregistered Exchanges as Google Delays

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Nikkei, Japan’s daily business newspaper, reports that it was learned on Feb. 7 that the country’s Financial Services Agency (FSA) has engaged Apple and Google, urging them to remove unregistered crypto exchanges from their respective app stores. Japan’s FSA Directs App Stores to Expunge Unauthorized Crypto Platforms On Friday, it was reported that the FSA […] Source

US-Based Crypto Exchange Gemini Considering IPO Launch Later This Year: Report

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US-based crypto exchange platform Gemini is reportedly mulling over pursuing an initial public offering (IPO) in 2025. According to a new report by Bloomberg, anonymous people familiar with the matter say the billionaire Winklevoss twins’ crypto firm is considering launching an IPO sometime this year. An IPO is when a company sells shares of its own stock to the public for the first time as a means of raising funds. Though the talks are still ongoing, no firm decisions have been made on the matter, the people said, according to…

BERA Price Explodes After Exchange Launch as New L2 Project Solaxy Hits $18.5M in ICO

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Berachain’s (BERA) mainnet launch has made headlines – with BERA defying early expectations after hitting the open market. But while all eyes are on BERA’s breakout, another project is gaining traction under the radar: Solaxy (SOLX). This new Layer-2 solution for Solana has raised over $18.5 million in its ICO. Berachain Launches Mainnet as Proof-of-Liquidity […] Source

Ripple USD Expands to More Platforms—See the Full List of RLUSD Exchanges

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Ripple USD (RLUSD) is expanding to more platforms, including Zero Hash and Revolut, strengthening its presence in trading, payments, and financial applications across multiple blockchains. RLUSD Lands on More Platforms Ripple is strengthening the presence of its stablecoin, Ripple USD (RLUSD), through new partnerships, adding Zero Hash and Revolut to its growing list of platforms, […] Source

Crypto.com Appoints Giuseppe Giuliani as Senior Managing Director, Global Head of Exchange

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Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 Executive Interview with Alan Ali | EC Markets | iFX EXPO Dubai 2025 In this executive interview at the iFX Expo Dubai 2025, Alan Ali,…

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency. The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated…