Tag: Exchange

Top US-Based Crypto Exchange Coinbase Announces Bitcoin (BTC)-Backed USDC Loans

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The top crypto exchange by trading volume in the United States is launching a new Bitcoin (BTC)-backed loan program for US clients. In a new announcement to the social media platform X, Coinbase says users will be able to borrow USDC against BTC with the new program. “Bitcoin-backed loans are here. Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by MorphoLabs and built on Base. The future of finance is onchain.” According to an…

South Korea's Crypto Exchange Upbit Faces Suspension Over KYC Violations

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South Korea’s top cryptocurrency exchange, Upbit, is facing a regulatory storm. Accused of breaching Know Your Customer (KYC) obligations, the platform faces a suspension that could bar it from registering new users for six months. According to local media publication Naver, The Financial Intelligence Unit (FIU), part of South Korea’s Financial Services Commission, issued the suspension notice following a review of Upbit’s business license renewal. FIU Cracks Down on KYC Failures According to the report, the regulator discovered between 500,000 and 700,000 instances of improper KYC verification. This revelation could…

Crypto Options Exchange Deribit Is Evaluating Buyout Offers

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Deribit, a major venue for trading cryptocurrency options, is reviewing offers from potential acquirers, according to a Bloomberg report. The American crypto giant Kraken expressed interest in acquiring the options trading platform but did not proceed further. The exchange could be valued between $4 billion and $5 billion. “Not Been Put Up for Sale” Although Deribit has not disclosed any plans for a sale, it acknowledged receiving investment interest. “In short, Deribit has not been put up for sale,” Deribit stated to the publication. “Over time, we have received interest…

$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal

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A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […] Source

Crypto Exchange Gate.io Posts 120% Volume Growth in 2024 to $3.8 Trillion

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How Modern Consumer Habits Are Transforming Global Payments How Modern Consumer Habits Are Transforming Global Payments How Modern Consumer Habits Are Transforming Global Payments How Modern Consumer Habits Are Transforming Global Payments How Modern Consumer Habits Are Transforming Global Payments How Modern Consumer Habits Are Transforming Global Payments The evolution of consumer expectations is reshaping the payments sphere worldwide. From seamless in-store purchases to instant cross-border transfers, the demand for secure and frictionless payment solutions is transforming how businesses and financial institutions approach transactions. But what does this mean for…

Ripple Eyes Major Exchange Listings for RLUSD: Are Coinbase and Binance Next?

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Ripple is doubling down on RLUSD’s growth, eyeing major exchange listings like Coinbase, leveraging regulatory approval, and betting on institutional demand to dominate the stablecoin market. Ripple Eyes More Exchange Listings for RLUSD: Is Coinbase in Sight? Ripple is intensifying efforts to expand its U.S. dollar-pegged stablecoin, RLUSD, aiming to secure listings on prominent exchanges […] Source

Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support

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Three low-cap altcoins skyrocketed in price on Friday after Binance added trading support for the crypto assets. The top global crypto exchange by trading volume listed aixbt by Virtuals (AIXBT), ChainGPT (CGPT) and Cookie DAO (COOKIE). CGPT, the native asset for ChainGPT, a web3 artificial intelligence (AI) infrastructure project, witnessed particularly pronounced gains, ripping by about 105% from $0.2 to $0.41 in a 24-hour period between Thursday and Friday. The 301st-ranked crypto asset by market cap has given up some of its gains and is trading at $0.346 at time…

Ethereum Sees $1.4 Billion In Exchange Outflows This Week – Strong Accumulation Trend?

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Este artículo también está disponible en español. Ethereum has faced a challenging start to the year, shedding 15% from its recent local highs and dipping to a low of $3,157. The altcoin leader’s decline comes amid heightened market volatility and uncertainty, with many investors reevaluating their positions following the recent selloff. However, despite the downturn, on-chain data suggests that underlying investor sentiment remains robust. Related Reading According to data from IntoTheBlock, Ethereum saw significant outflows from exchanges this week, with net outflows surpassing $1.4 billion—the highest level since November. Such…

Ethereum Exchange Outflows Hits 2-Month High With $1.4 Billion Withdrawn, What This Means

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Este artículo también está disponible en español. New reports have revealed a massive exodus of Ethereum (ETH) tokens from various crypto exchanges. IntoTheBlock’s on-chain data shows that over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This large-scale ETH outflow marks one of the largest in recent months, signaling a potential shift in investor behavior. Ethereum Exchanges See Massive Outflows IntoTheBlock, a crypto analytics platform, reported that over $1.4 billion worth of Ethereum was recently moved out of crypto exchanges. This large-scale transfer usually occurs when investors buy…

Cryptomus Exchange Offers Favorable and Safe Trading

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The crypto industry is full of obstacles, including limited liquidity, poor security measures, and fraud as a result. But some platforms for working with crypto, such as the Cryptomus exchange, offer a solution to these problems. Cryptocurrencies are a great investment option, but due to their digital nature, they are highly susceptible to attacks and […] Source