In a significant move that underscores its commitment to regulatory compliance and market expansion, Kraken has secured a Markets in Financial Instruments Directive (MiFID) license within the European Union. This acquisition, reported on February 3, comes as part of a strategic initiative to enhance its derivatives offerings across the continent. By purchasing a Cypriot investment
Exchanges
Recent statements from Bybit’s CEO, Ben Zhou, have sparked a controversy regarding the accuracy of reported liquidation numbers in the cryptocurrency market. While mainstream reports suggested that today’s liquidations stood at a modest $2 billion, Zhou challenged this assertion, proposing a far more alarming estimate of between $8 billion and $10 billion. His remarks were
In a significant turn of events, Kraken, a leading cryptocurrency exchange, demonstrated an extraordinary performance in 2024, achieving a staggering $1.5 billion in revenue. This marks a spectacular 128% increase compared to the previous year, showcasing not only resilience but a strategic overhaul that has proven fruitful. The exchange’s latest financial report sheds light on
In a significant development for the cryptocurrency industry, Kraken has announced the launch of a new on-chain staking product aimed at US clients. This initiative marks an important return to staking services across select states following a period of intense regulatory scrutiny. According to an announcement made on January 30, users across 37 states, along
In a significant and unexpected move, Gemini, one of the largest cryptocurrency exchanges in the United States, has declared a hiring freeze on Massachusetts Institute of Technology (MIT) graduates and interns. This decision stems from the university’s recent association with Gary Gensler, the former Chair of the U.S. Securities and Exchange Commission (SEC). Tyler Winklevoss,
The year 2024 has proven to be a pivotal one for centralized cryptocurrency exchanges, characterized by notable market shifts and evolving leadership dynamics. According to a comprehensive report from CCData, while established giants like Binance and OKX experienced market share declines, Crypto.com has made significant strides to enhance its position in the industry. This transformation
In a significant shift within the cryptocurrency landscape, Crypto.com has announced the removal of Tether’s USDT stablecoin from its platform by January 31. This decision is part of a broader strategy to align with the European Union’s Markets in Crypto-Assets (MiCA) regulation, a set of comprehensive legal frameworks designed to oversee digital asset operations within
In a significant move for both the Argentine cryptocurrency landscape and Coinbase itself, the digital asset exchange has received the green light to operate in Argentina. This comes after the firm successfully registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina. A notable announcement made on January 28
In a striking turn of events, KuCoin has confronted serious repercussions following its admission of guilt for operating as an unlicensed money-transmitting business. This admission was formalized in a settlement with the U.S. Department of Justice (DoJ) on January 27, which mandates the exchange to exit the U.S. market for a duration of two years
In recent years, the cryptocurrency landscape has witnessed unprecedented growth, driven by technological advancements and a surge in new financial instruments. This explosive growth has brought with it significant challenges, particularly in the ways tokens are listed and evaluated on exchanges. Brian Armstrong, CEO of Coinbase, articulated these concerns in a social media post, highlighting