The centralized cryptocurrency exchange market has shown dynamic shifts in 2024, with emerging players redefining competitive tiers against established giants. According to a recent CCData report, Crypto.com has managed to significantly increase its share of the market, while fellow industry leaders Binance and OKX witnessed declines. This overview not only inspects the numerical data but
Exchanges
In an astute move aimed at reshaping its influence, Coinbase has recently appointed four notable figures to its advisory council. This includes former U.S. Senator Kyrsten Sinema and Chris LaCivita, a key player in President Donald Trump’s re-election efforts. Joining them are Bill Dudley, the former president of the Federal Reserve Bank of New York,
On January 27, 2024, KuCoin, a cryptocurrency exchange platform, found itself in hot water after entering a guilty plea regarding the operation of an unlicensed money-transmitting service. The U.S. Department of Justice (DOJ) has imposed serious repercussions on the Seychelles-based exchange, including an enforced exit from the American market for two years and a staggering
The rise of cryptocurrencies has ushered in a dynamic and rapidly evolving financial ecosystem, marked by unprecedented innovation and an influx of new digital assets. Recently, Coinbase’s CEO Brian Armstrong shared his insights on the urgent need to reform the token listing process due to this overwhelming growth in cryptocurrency creation. In a candid social
In a recent development, the Singapore High Court has granted Zettai Pte Ltd permission to convene a creditor meeting concerning the troubled crypto exchange, WazirX. This ruling marks a pivotal moment for Zettai as it navigates a challenging landscape following the shocking $230 million cyber heist attributed to North Korea’s Lazarus Group. The court’s decision
In a significant development within the cryptocurrency landscape, OKX has recently announced its pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA) framework as of January 23. This move marks a proactive step towards establishing OKX’s presence in the European Economic Area (EEA) via its operations in Malta. With a user base exceeding 400 million,
In a shocking turn of events, Singapore-based cryptocurrency exchange Phemex announced the temporary suspension of withdrawals due to a security breach that saw approximately $37 million siphoned from one of its hot wallets. This proactive decision, made on January 23, aims to fortify wallet security and conduct an urgent assessment of the breach. Phemex swiftly
The landscape of cryptocurrency trading continues to evolve, and recent reports suggest that CME Group is on the brink of introducing futures contracts for notable cryptocurrencies Solana (SOL) and XRP. Social media buzz, particularly stemming from an account known as Summers, introduced screen captures linked to a testing page that indicated a potential launch scheduled
In recent weeks, Coinbase has faced considerable scrutiny due to persistent delays in processing Solana transactions, a situation that has left many users increasingly frustrated. In a bid to alleviate these concerns, CEO Brian Armstrong took to social media to announce that the exchange had rectified its backlog issues. His recognition of the problem highlights
In an increasingly complicated cryptocurrency landscape, Coinbase, one of the leading exchanges, is embroiled in a legal confrontation with BiT Global over the delisting of Wrapped Bitcoin (wBTC). This situation highlights not only the tensions between crypto exchanges and their users but also raises significant questions regarding user security and corporate responsibility. Coinbase’s motion to
