Tag: Exchange

KuCoin crypto exchange to introduce mandatory KYC in July

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Major cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks. On June 28, KuCoin officially announced the upcoming KYC system upgrade in a move to increase compliance with global Anti-Money Laundering regulations. The KYC authentication upgrade introduces mandatory KYC checks for all new users at KuCoin starting from July 15, 2023. Without completing KYC, newly registered users will not be able to access KuCoin’s suite of products and services, the firm said. Existing users who registered before July 15, 2023,…

Latin American Crypto Services Firm Ripio Receives License to Launch Exchange in Spain

The Argentinian crypto company’s license from Spanish authorities allows Ripio to add Spain to a growing list of countries where it operates. Ripio has obtained a license to operate as a digital asset exchange in Spain. According to an official announcement, the company now has approval to provide crypto exchange services and digital wallets to interested customers. Ripio CEO Sebastian Serrano said in a tweet that the approval is a result of hard work from the team. With the license, Ripio has joined a few crypto companies officially greenlit to provide crypto…

New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s

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EDX, a cryptocurrency exchange launched a week ago with the backing of tradfi heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.  EDX supports trading in four cryptocurrencies – Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating, and 101.36% in the last month.…

New exchange EDX reportedly switching out Paxos’ custody services for Anchorage’s

EDX, a cryptocurrency exchange launched a week ago with the backing of traditional finance heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.  EDX supports trading in four cryptocurrencies — Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). At the time of writing, BCH had risen 70.43% in the week since EDX began operating and 101.36% in the last…

Yield Protocol declares full recovery from Euler hack, awaits user token exchange

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Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.” Yield Protocol was one of the 11 decentralized finance protocols that suffered losses after the attack on the noncustodial lending protocol Euler Finance. It paused mainnet borrowing after the hack on March 13 and claimed losses from its liquidity pools were under $1.5 million. Euler lost over $195…

HSBC Allows Hong Kong Users Trade Bitcoin And Ether ETFs On Local Stock Exchange

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Summary: Hong Kong’s largest bank HSBC now lets users trade Bitcoin (BTC) and Ether (ETH) ETFs available on the local stock exchange. Three of these exchange-traded funds are available on Hong Kong’s stock exchange including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. The move follows the introduction of a crypto licensing regime introduced in the Chinese special administrative region meant to pull digital asset businesses into the region and set up a global crypto hub. Hong Kong’s largest bank HSBC officially enabled the…

Crypto Exchange Bybit Gains License in Cyprus

“This landmark is a testament to Bybit’s commitment to adhering to robust regulatory frameworks while expanding our global presence,” Ben Zhou, Bybit’s co-founder and chief executive officer, said in a statement. “We wholeheartedly support the regulatory objective of building a cryptocurrency industry that is both compliant, secure, and transparent.” Source