As we delve into the state of cryptocurrencies, one company continues to illuminate the path forward—Coinbase. The exchange has firmly etched itself into cryptocurrency’s narrative, and its recent financial performance reaffirms its pivotal role in the sector’s growth and evolution. In Q4 2024, Coinbase reported a staggering $2.3 billion in revenue—a remarkable statistic that not
Exchanges
In an extraordinary display of market resilience, Robinhood has reported an astonishing 400% increase in crypto trading volume during the final quarter of the year, reaching a staggering $70 billion. This dramatic resurgence is largely attributed to a revitalized interest from retail investors, motivated by Bitcoin’s bullish sprint past the $100,000 mark and a general
The CME Group has recently unveiled impressive statistics for the fourth quarter of 2024, highlighting an extraordinary increase in the trading volumes of cryptocurrency derivatives. This notable surge points to a heightened appetite from both institutional and retail investors for regulated products in the digital asset space. With an average daily trading volume nearing $10
In 2024, cryptocurrency trading witnessed a substantial resurgence, with centralized exchanges reporting a colossal $18.83 trillion in trading volumes, as unveiled by a recent study conducted by CoinGecko. This figure, which reflects a staggering 134% increase from the previous year’s $8.05 trillion, signals not just the return of investor interest but also a striking evolution
Crypto.com recently announced a significant milestone by officially launching its crypto asset services across all countries within the European Economic Area (EEA). This development was shared via a post on February 12, highlighting the exchange’s commitment to enhancing its presence in the crucial European market. With the recent acquisition of a full Markets in Crypto-Assets
The legal landscape surrounding cryptocurrency regulation in the United States took an intriguing turn as the US Securities and Exchange Commission (SEC) and crypto exchange Binance filed a joint request to suspend their lawsuit for 60 days. This development, revealed in a filing dated February 10, signifies a changing dynamic between regulators and the platforms
The cryptocurrency exchange Gemini is reportedly contemplating an initial public offering (IPO) that could occur within this year, according to insights from Bloomberg News. While specific details remain under wraps, the Winklevoss twins, Cameron and Tyler, who established Gemini, are evaluating potential advisers for this significant move into the public market. The exact timing and
The landscape of cryptocurrency exchanges has become increasingly treacherous, with WazirX emerging as a notable case study in resilience and recovery mechanisms. Following a catastrophic hacking incident that resulted in the loss of over $230 million, WazirX now finds itself at a pivotal juncture. Creditors must make a significant decision soon: either accept a proposed
The cryptocurrency sphere has been rocked by dramatic shifts and high-stakes developments over the past year, particularly spotlighted by the fallout from the FTX exchange collapse. On February 18, 2024, FTX is set to initiate a distribution of funds to its smaller creditors, an action that signals important milestones in its ongoing bankruptcy proceedings. This
Recent investigations led by on-chain expert ZachXBT have unveiled staggering statistics regarding the financial losses experienced by Coinbase users, amounting to over $300 million annually due to social engineering scams. This startling figure gains gravity when viewed through the lens of user testimonials flooding social media, where numerous Coinbase patrons describe sudden account restrictions—compounding concerns