Tag: Exchange

24 Exchange Introduces FX Swaps for Institutional Traders in Collaboration With Standard Chartered

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Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs. Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with…

FTX EU creditors can now withdraw money from Backpack exchange

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Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service. According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification on the exchange before they can withdraw funds. Backpack’s support page also explains that the KYC details on the platform must match the ones provided to FTX EU: “If they do not, you will need…

Backpack Exchange Unveils Withdrawal Process for FTX EU Users

Key Notes Former FTX EU users can now claim their Euro balances via Backpack EU. The withdrawal process requires identity verification and a bank form. Backpack EU clarified it has no ties to FTX International or US cases. Former FTX EU users can now start getting back their Euro funds, as the Backpack exchange has opened a two-step withdrawal system. This move comes in light of Backpack’s acquisition of FTX EU. Withdrawal process begins after ftx eu acquisition On May 12, 2025, Backpack officially launched the long-awaited withdrawal process for…

German Police Seize $38,260,000 in Crypto From eXch Amid Allegations the Exchange Laundered Hacked ByBit Funds

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German law enforcement has seized tens of millions of dollars in digital assets from eXch, a controversial crypto exchange facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year. On April 30th, Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s Public Prosecutor’s Office seized eXch’s German server infrastructure, per a new press release. The seizure included eight terabytes of data and €34 million ($38.26 million) worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH). Last month, eXch took to the BitcoinTalk forum to announce…

Top US Crypto Exchange Coinbase To Acquire Derivatives Platform Deribit

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The largest crypto exchange by trading volume in the US just inked an agreement to acquire the Dubai-based derivatives platform Deribit. In a statement, Coinbase says the deal costs approximately $2.9 billion, which includes $700 million in cash and 11 million shares of its Class A common stock subject to purchase price adjustments. “This strategic acquisition significantly advances Coinbase’s derivatives business, establishing us as the premier global platform for crypto derivatives… It’s foundational to our vision of creating the most comprehensive, compliant, and user-friendly derivatives platform globally.” Deribit is the…

Online Trading Firm iFOREX Eyes IPO on London Stock Exchange

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Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module Maximising Broker Growth with B2CORE’s IB Module In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs. Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with…

Germany Seizes $38M in Crypto Linked to Bybit Exchange Hack

Key Notes German authorities confiscated $38 million in cryptocurrency linked to the Bybit hack. Hackers used eXch exchange to launder part of the stolen funds. eXch was shut down by authorities for not implementing anti-money laundering measures. Cryptocurrency exchange eXch has made headlines for allegedly being the platform through which hackers laundered the cryptocurrency stolen from Bybit. German authorities have seized €34 million ($38 million) worth of cryptocurrency from eXch in connection with the record-breaking $1.4 billion breach of Bybit. The German Federal Criminal Police Office (BKA) and Frankfurt’s main…

Brazil’s B3 Stock Exchange to Launch Ether and Solana Futures

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B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock […] Source

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

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German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack. The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history. The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform,…