Tag: Exchange

Binance Receives 2 Licenses to Become First Fully Licensed Crypto Exchange in El Salvador

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Binance has received two licenses in El Salvador — Bitcoin Services Provider (BSP) license from the Central Reserve Bank of El Salvador and the pioneering non-provisional Digital Assets Services Provider (DASP) license from the National Digital Assets Commission of El Salvador. Now it has become a “first fully licensed” cryptocurrency exchange to operate in this Central American nation, media reports said. These licenses grant Binance the authority to introduce customized products and services tailored to the preferences of the local people. While Binance had been previously serving in El Salvador,…

Crypto Exchange Blockchain.com Obtains Payment License In Singapore

Cryptocurrency exchange Blockchain.com has been granted a payment license in Singapore, expanding its operations in Asia and the world at large. According to a press release on Monday, Blockchain.com announced it had obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1, 2023. Blockchain.com Stamps Presence In Singapore Blockchain.com’s receipt of an MPI license in August comes after the Singaporean central bank granted the exchange an in-principle approval in September 2022. Related Reading: Crackdown On Crypto And AI Fraud: China’s Aggressive Measures Revealed…

Bitstamp crypto exchange to raise funds for global expansion: Report

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Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations. Crypto exchange Bitstamp started the fundraising process in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser, Bloomberg reported on Aug. 7. The firm plans to use the raised capital to launch derivatives trading in Europe in 2024 and expand several of its served markets in Asia. Bitstamp is also looking to scale its services in the United Kingdom, the report notes.…

Crypto Exchange Bitstamp in Discussions for Raising Funds: Bloomberg

“Bitstamp is not for sale, and we are not actively looking to sell the company,” Jean-Baptiste Graftieaux, its CEO, said in a statement to Bloomberg. “Our current and exclusive priority is to raise money through strategic investors to accelerate Bitstamp’s growth by providing new products and services to retail and institutional crypto customers. Source

TRON’s Justin Sun’s Reassures Crypto Community That Huobi Exchange Is Solvent

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In a recent development, Justin Sun, founder of popular blockchain Tron, has urged people to disregard speculations that the crypto exchange Huobi is facing severe challenges following news of the alleged detention of some of the platform’s officials.  The rumors appear to be a major contributing factor to why the firm experienced multi-million withdrawals during the weekend, while Tron’s Total Value Locked (TVL) has fallen below $2.5 billion.  Trouble In Paradise? Over the past weekend, cryptocurrency exchange Huobi experienced massive outflows worth about $64 million amid reports that Chinese authorities…

Mango Markets, Crypto Exchange Atop Solana Blockchain, Sees Legal Bills Swell a Year After Alleged $116M Heist

According to the website Realms, there’s about $89 million in the Mango DAO treasury, but most of that is denominated in MNGO tokens, and the market for those might not be liquid enough to sell them quickly and easily. Project insiders say that the main source of funding would likely come from a $15.3 million stash of dollar-linked stablecoins within the Mango Dao treasury, primarily denominated in USDC. Source

Huobi Denies Executive Arrest Reports as Exchange Witnesses Outflow Surge

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Prominent cryptocurrency exchange Huobi has refuted claims that its executives have been arrested in China. Over the weekend, news reports suggested that Chinese authorities had detained several Huobi executives. Meanwhile, increased outflows from the platform have been observed, media reports said. According to data provided by Nansen.ai, Huobi’s stablecoin exchange balances have contracted by 33% within the past week. Traders have withdrawn approximately $49 million from the platform in stablecoins. Colin Wu from Wu Blockchain had previously hinted at the detention and investigation of senior Huobi executives by Chinese police.…

Chancer Announces BitMart Exchange Listing as Presale Races Past $1m Mark

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Chancer, one of the most exciting new crypto projects in 2023, has raced past the significant $1 million fundraising milestone. This coincides with the announcement that their first exchange listing will take place on BitMart – a hugely popular exchange with users in over 180 countries with a trading volume of over $500 million per day. Those interesting in getting involved at the current price can do so at $0.011 before it rises by 9% to $0.012 in Stage 3 of the presale. Chancer’s CEO, Adam Kelbie, commented: “We’re thrilled…