A new report from CryptoCompare finds that top-tier digital asset exchanges such as Coinbase, FTX, Gemini and Binance have continued to increase their market share over the last six months. In the latest Exchange Benchmark report, CryptoCompare finds that top-tier exchanges have gained a further seven percent market share since August 2021. “Top-Tier exchanges have increased their market share from 89% in Aug 2021 (based on Aug 2021 rankings) to 96% in February 2022 (based on the latest Feb 2022 rankings) as both retail and professional traders move to lower risk…
Tag: FTX
FTX Co-CEO Donates $4M to Republican PAC Ahead of Midterm Elections
FTX Co-CEO Donates $4M to Republican PAC Ahead of Midterm Elections Source
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FTX Takes Stake in Stock Exchange IEX to Strengthen Crypto Markets
“With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets,” FTX CEO Sam Bankman-Fried said in the statement. He added the two companies will “collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.” Source
FTX US to invest in IEX stock exchange to launch digital securities
Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities, the firm announced to Cointelegraph on Tuesday. IEX and FTX US expect to close the deal in May 2022, subject to customary closing conditions and regulatory approval. The new collaboration aims…
Indian Gaming Firm MPL Could Attract Investment From FTX: Report
MPL is looking to raise investment as part of its Series E extension at a valuation of $2.5 billion. Source
Crypto-skeptic gamers review bomb Storybook Brawl after FTX buys it
Indignant gamers have review bombed Storybook Brawl on Steam over fears of potential NFT and blockchain integrations following crypto exchange FTX’s acquisition of its developers Good Luck Games, LLC. Storybook Brawl is a free-to-play auto-battle card game that was launched on online gaming platform Steam in mid-2021. The game’s review history showed an overwhelming amount of support until March 22, the exact day FTX US announced its acquisition. Since that time, the game has moved to an “overwhelmingly negative” status with 600 out the last 761 reviews being negative. While…
CFTC Chief Says FTX Plan Could Make Crypto Markets ‘More Efficient’
“This proposal could end up leading to more efficient trading execution, less risk in the system,” Behnam said, adding that he’s required to cultivate “responsible innovation,” and the idea isn’t necessarily prohibited or in violation of commodities laws. Still, he considered the question worth a significant ongoing public-comment period. “As we are considering and contemplating the FTX proposal, we’re doing it cautiously,” he said. Source
A16z, FTX and Sequoia Lead $135M Round for LayerZero at $1B Valuation
The blockchain interoperability protocol first emerged from stealth last September. Source
FTX Europe in Talks With British Regulators to Expand Into the UK
The head of FTX Europe said that the company is already in touch with the country’s financial regulator about entering the U.K. Source