The company has signed agreements with “a number of new regulated and authorized fiat partners” to provide EUR services for its users in Europe, according to a Binance blog post. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances, according to the post. Source
One of the largest European crypto exchanges, a Vienna-based BitPanda, became one of the first foreign entities to receive a virtual assert service provider license in Norway. The announcement came on the company’s official X (former Twitter) account on Oct. 19. BitPanda holds a license in a number of European jurisdictions, such as Austria, Germany, France, the Czech Republic and Sweden. According to the Deputy CEO of Bitpanda, Lukas Enzersdorfer-Konrad, the registration marks another step in the company’s expansion in Europe: “It is obvious that we in Europe need an…
MEXC’s crypto custody services need to be authorized with BaFin. “Financial services may only be offered in Germany if the company providing these services has the necessary authorization from BaFin to do this,” the regulator said on its website. Source
Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year. In an Oct. 19 post on X (formerly known as Twitter), Binance France President David Prinçay confirmed Cabossioras’ departure and expressed his gratitude for her work at the exchange. Nous remercions Stéphanie pour sa forte contribution à Binance France et lui souhaitons le meilleur pour son prochain défi. — David Prinçay (@davidprincay) October 18, 2023 “We thank Stéphanie for her strong contribution to…
OSL exchange’s parent firm has denied reports that its on sale with an estimated valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, the parent firm of Hong Kong-based licensed crypto platform OSL, denied reports that the exchange is up for sale. BC Technology, the parent company of OSL, has refuted Bloomberg’s report on the pending sale as “factually inaccurate and highly misleading” in a statement filed with the Hong Kong Stock Exchange. As per the Bloomberg report, the exchange was on sale with an estimated valuation of…
In response to recent claims made by Bloomberg, BC Technology, the parent company of OSL, has vehemently denied reports of a pending $128 million sale of its cryptocurrency exchange. The company filed an official statement with the Hong Kong Stock Exchange, asserting that Bloomberg’s report is “factually inaccurate and highly misleading.” Initially, Bloomberg had reported that OSL was being offered for sale with a valuation of 1 billion Hong Kong dollars ($128 million). BC Technology, however, has dismissed these assertions, emphasizing the misinformation surrounding the alleged transaction. BC Technology, along…
Firm calls report by Bloomberg “factually inaccurate and highly misleading.” Source
Binance has long been the world’s largest cryptocurrency exchange by trading volume. Still, on Monday, traders looking to buy and sell bitcoin (BTC) quickly on Binance were at a relative disadvantage to their peers on Kraken and Coinbase (COIN), according to data tracked by Paris-based Kaiko. The 0.1% ask depth on Binance, a measure of buy-side liquidity, crashed to just 1.2 BTC ($30,000) from 100 BTC as volatility exploded after an erroneous report that BlackRock’s (BLK) spot exchange-traded fund (ETF) had been approved circulated on social media. The leading cryptocurrency…
The estate belonging to the now-defunct crypto exchange FTX was just spotted staking over $144 million worth of Ethereum (ETH) rival Solana (SOL) as the firm’s bankruptcy process unfolds. According to blockchain explorer SolanaFM, the address associated with FTX and its trading arm Alameda Research created a new stake of 5,546,217.04 SOL tokens. Analysis from pseudonymous on-chain researcher Ashpool suggests FTX subsequently staked all of the tokens through Figment, a digital asset staking service built for institutions. According to Figment, Robinhood, Binance.US and Anchorage Digital also stake through the platform.…
OSL offers prime brokerage, exchange and custody of crypto assets, as well as infrastructure for financial institutions to offer digital asset trading. BC Technology may elect to sell parts of OSL’s business rather than the whole entity, according to the report, citing people familiar with the matter. Source