Tag: Exchange

Gemini Exchange Wins Malta MiCA License

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Cryptocurrency exchange Gemini has received a Markets in Crypto-Assets Regulation (MiCA) license in Malta, supporting the company’s ongoing expansion in Europe. The Cameron and Tyler Winklevoss-owned exchange secured a MiCA license from the Malta Financial Services Authority on Wednesday, according to official MFSA records. “Receiving this approval marks a critical milestone in our regulated European expansion, as it will allow us to expand our secure and reliable crypto products for customers in over 30 European countries and jurisdictions,” Gemini said in a statement shared with Cointelegraph. The regulatory milestone came…

Ethereum Altcoin Explodes 143% After Korean Crypto Exchange Upbit Abruptly Announces Trading Support

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The South Korean crypto exchange Upbit has announced a new listing for a data feed-focused altcoin, triggering explosive price action. According to a new announcement, Upbit is supporting Api3 (API3) for trading over the Ethereum (ETH) network on its platform starting Tuesday. Amid the announcement from Upbit, API3 exploded from Monday’s low of $0.748 to Wednesday’s high of $1.82, a more than 143% gain. API3 has since retraced and is trading for $1.34 at time of writing, up 60.6% on the day. With a market cap of $169.72 million, API3…

WhatsApp Investment Scam Masquerading as Johannesburg Stock Exchange Triggers FSCA Warning

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South Africa’s financial regulator has warned the public about a fraudulent investment outfit that is using the name of the Johannesburg Stock Exchange (JSE) on WhatsApp to lure investors. Fake Links to JSE The Financial Sector Conduct Authority (FSCA) said Octodec Invest Ltd has been presenting itself as associated with the JSE, South Africa’s licensed stock exchange. The JSE confirmed through legal counsel that no such connection exists. According to the FSCA, Octodec has used the JSE’s trademarks without permission, which is prohibited under section 4(2) of the Financial Markets…

Bullish Exchange Bags $1.15 Billion IPO Proceeds in Stablecoins

Key Notes Bullish is pioneering an era of using stablecoins in an IPO by receiving $1.15 billion of proceeds from its offering. This stablecoin-backed IPO heralds an era where stablecoins are used in an IPO in the United States. With the stablecoins minted on Solana, it shows the protocol’s strong position in powering market efficiency and innovation. Top cryptocurrency exchange Bullish wants to receive the payout from its recently completed initial public offering (IPO) entirely in stablecoins. According to the announcement, the value of the payout is a total of…

LATAM Crypto Exchange Flows Surge 9x to $27B as Bitso Dominates Market

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Latin America’s (LATAM) centralized crypto exchanges grew from niche platforms into critical financial infrastructure in three years, with flows increasing ninefold, according to new research. Dune Research’s LATAM Report revealed that 2021 annual crypto exchange flows in the region totaled $3 billion. In 2024, the total exchange flows for LATAM reached $27 billion, up by 800%, signaling strong regional digital asset growth.  In its early years, LATAM crypto activity was modest by global standards. Still, a fragmented ecosystem of small brokers and over-the-counter (OTC) desks grew into integrated exchanges serving…

Ripple Extends $75M Credit Facility to Gemini as Exchange Pursues IPO

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss. In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million. The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become…

China Merchants Bank Subsidiary Launches Licensed Crypto Exchange in Hong Kong

Key Notes CMB International received official licenses from Hong Kong’s Securities and Futures Commission in July for compliant trading. The exchange offers Bitcoin, Ethereum, and USDT trading exclusively through its mobile app in Hong Kong territory. China Merchants Bank ranks among the world’s top 25 banks with over $18 billion in assets under management. CMB International, a subsidiary of China Merchants Bank, launched an officially licensed, bank-affiliated cryptocurrency exchange in Hong Kong on Aug. 18. According to a report from Weixin Official Accounts Platform, CMB International has begun conducting cryptocurrency…

CMB Subsidiary Launches Crypto Exchange in Hong Kong

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CMB International Securities Limited, a subsidiary of the China Merchants Bank (CMB) — one of China’s top banks — has launched a cryptocurrency exchange in Hong Kong. According to a Monday CMB WeChat announcement, the bank has started offering virtual asset trading services. The launch comes after the Hong Kong Securities and Futures Commission approved the bank’s application for a virtual asset service provider license in mid-July. CMB’s Hong Kong-based crypto exchange allows for 24/7 trading of Bitcoin (BTC), Ether (ETH) and Tether’s USDt (USDT) for eligible investors. Documentation provided…

Crypto Exchange Gemini's Losses Explode 580% Before Going Public

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Cryptocurrency exchange Gemini revealed a visible surge in losses for the first half of 2025, posting a net loss of $282.5 million compared to $41.4 million in the same period last year, according to its initial public offering (IPO) filing released last Friday. The results paint a challenging financial picture for the company led by billionaire twins Tyler and Cameron Winklevoss, even as they seek to capitalize on a wave of crypto companies going public on Wall Street this year. Gemini Reports Sharply Higher Losses as Crypto Exchange Files for…

Crypto Exchange Gemini Reveals $113,462,000 Operating Loss in Public IPO Filing

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Crypto exchange Gemini has filed for a public listing, revealing the company’s balance sheet along with its deep losses. According to an S-1 filing submitted to the Securities and Exchange Commission (SEC), Gemini posted an operating loss of nearly $113.5 million in the first half of 2025. The red ink follows an $84.8 million operating loss in the same period last year. The filing also shows that rising costs in key areas are weighing heavily on the firm. Salaries and compensation amounted to $71.1 million, while technology expenses totaled $34.5…