Tag: Exchange

Nordic Exchange Safello Taps Bitgo to Strengthen Crypto Asset Custody Infrastructure

Safello has announced an agreement with Bitgo Europe GmbH to enhance its crypto custody infrastructure. This partnership will integrate Bitgo’s advanced custody solutions into Safello’s existing setup, utilizing a three-key multi-signature cold storage architecture combined with Multi-Party Computation with a Threshold Signature Scheme (MPC-TSS). This technology eliminates single points of failure by ensuring that private […] Source CryptoX Portal

Mantra Chain Onboards Binance Exchange as Active Validator

Key Notes Mantra Chain announced that Binance is now a validator on its RWA mainnet. Binance brings on board a major experience that could help decentralize Mantra’s governance process. Binance recently launched RWUSD, a sign of its deep RWA positioning. Mantra Chain, a real-world asset (RWA) and tokenization-based Layer-1 blockchain, recently announced that it is now in collaboration with Binance. Precisely, the top cryptocurrency exchange joined MANTRA’s mainnet as a validator. This development marks a win for both entities as it is an expansion of their existing services. Mantra Chain…

Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply

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Ethereum (ETH) has surged above the $4,000 mark for the first time since last December, signaling a strong return of bullish momentum. After several days of heightened volatility and market uncertainty, buyers have regained control, pushing prices to levels not seen in months. The breakout reflects a combination of improving market sentiment, robust fundamentals, and growing institutional interest in the leading smart contract platform. Related Reading On-chain data from CryptoQuant adds further fuel to the bullish narrative, showing that ETH exchange reserves continue to decline steadily. This trend suggests that…

Crpyto Exchange Binance Said to Adds Spanish Bank BBVA for Off-Exchange Custody: FT

Binance, the largest cryptocurrency exchange by volume traded, enlisted Spain’s third-largest bank, BBVA, to provide custody services as it looks to improve protection for customers by isolating their assets from any disruption that might occur to the trading platform, the Financial Times reported. The custody arrangement separates trading activities from the funds backing the transactions by parking client assets in U.S. Treasuries held by BBVA. Binance then accepts the Treasuries as margin for trading, the FT said, citing people familiar with the process. If Binance were to fail, funds would…

ATOM Surges 3% as Cosmos Ecosystem Gains Exchange Support

CryptoX Analytics is CryptoX’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CryptoX Analytics is undergoes human editing by CryptoX’s editorial team before publication. The tool synthesizes market data and information from CryptoX Data and other sources to create timely market reports, with all external sources clearly attributed within each article. CryptoX Analytics operates under CryptoX’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about…

UK-Based Fiinu Discloses £12M Purchase of Foreign Exchange Brokerage Firm Everfex

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Fiinu has announced the proposed acquisition of foreign exchange brokerage Everfex P.S.A. in a transaction valued at up to £12 million. Under the terms of the agreement, Fiinu will issue 80 million new ordinary shares to Granicus Holdings O.Ü, the sole owner of Everfex, at a price of 10 pence per share, equating to an initial consideration of £8 million. An additional £4 million may be payable if Everfex meets certain performance targets after 1 January 2026. This further consideration would be settled via 20 million new Fiinu shares at…

SBI Holdings Proposes Bitcoin/XRP ETF for Tokyo Stock Exchange

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Japan’s SBI Holdings said it plans to launch a bitcoin/ XRP exchange-traded fund (ETF) on the Tokyo Stock Exchange, but the launch is contingent on the Financial Services Agency approving cryptocurrency-linked investment trusts and ETFs. FSA’s Regulatory Review The Japanese financial services group, SBI Holdings, recently revealed its plan to launch a bitcoin/ XRP exchange-traded […] Source

Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 Debt Offering

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The leading US-based crypto exchange by trading volume is experiencing a drop in stock value while it announces a $2 billion debt offering. Today, Coinbase Global (COIN) announced plans to offer $2 billion in convertible senior notes through a private placement to qualified institutional buyers. The offering, which is subject to market conditions, includes $1 billion in notes due by 2029 and another $1 billion due by 2032. Coinbase says it may also grant initial purchasers options to buy up to an additional $150 million of each series within 13…

MEXC Becomes Shareholder in $200M Triv Crypto Exchange

Key Notes MEXC Ventures is now a shareholder in Triv, following a strategic investment. The move is part of MEXC’s expansion strategy for the Southeast Asia region. The Finance Ministry of Indonesia hinted at the coming of a significant policy shift on cryptocurrency taxes. MEXC Ventures, the investment arm of crypto exchange MEXC, has earned a stake in Indonesia-based Triv following a strategic investment in the trading platform. Though the specific valuation of the investment was not disclosed, it is worth noting that the move is part of MEXC’s expansion…