As 2024 came to an end, Coinbase, the prominent cryptocurrency exchange, demonstrated its remarkable adaptability and growth potential by reporting an impressive $2.3 billion in revenue for the fourth quarter, vastly outpacing market forecasts of $1.87 billion. This figure not only underscores the company’s resilience but also marks an astonishing 88% increase compared to the
Exchanges
In a remarkable turnaround, Robinhood experienced a monumental 400% increase in its cryptocurrency trading volume during the fourth quarter, culminating in an impressive $70 billion. This surge can largely be attributed to a renewed surge of interest from retail investors, propelled by Bitcoin’s astounding ascent past the $100,000 mark. The charismatic revival of the larger
The landscape of cryptocurrency trading has witnessed a transformative shift, particularly highlighted by the impressive performance of the CME Group in the fourth quarter of 2024. The exchange reported unprecedented trading volumes in crypto derivatives, signaling a robust surge in both institutional and retail appetite for regulated digital asset products. Averaging around $10 billion in
Crypto.com has made a significant advancement in its operations by officially launching its crypto asset services throughout the European Economic Area (EEA). Announced via a social media post on February 12, the exchange expressed pride in its ability to provide services across all member states, which is poised to elevate its brand presence in key
The cryptocurrency trading landscape is evolving rapidly, and a recent CoinGecko report sheds illuminating light on these changes, particularly in trading volumes across centralized exchanges. The data from 2024 highlights significant fluctuations in market dynamics, evidencing a recovery from previous downturns but still reflecting a market ethos that diverges from the monumental highs reached in
In a notable move, the US Securities and Exchange Commission (SEC) and Binance recently submitted a request to suspend their ongoing lawsuit for a period of 60 days. This development, revealed through a filing dated February 10, highlights a strategic pause in legal proceedings due to the establishment of a new cryptocurrency task force under
In recent developments, Gemini, the prominent cryptocurrency exchange founded by the Winklevoss twins, is actively contemplating a potential initial public offering (IPO) later this year. Reports from Bloomberg News suggest that discussions are underway regarding this move, although a finalized decision has not yet emerged. As Gemini navigates a transformative landscape in the crypto market,
WazirX, once celebrated as India’s leading cryptocurrency exchange, now finds itself in the eye of a storm. Following a significant security breach linked to North Korean hackers in mid-2024, the exchange is grappling with a loss exceeding $230 million in user funds. This incident marked not only a financial setback for the platform but also
The FTX saga continues to evolve as the cryptocurrency exchange, once a titan in the digital asset realm, finds itself engulfed in bankruptcy proceedings. On February 18, 2024, a pivotal moment is anticipated as the enterprise will begin distributing funds to its smaller creditors. This development, while promising for those with lower claim amounts, unveils
Recent investigations into the practices of cryptocurrency exchanges have revealed a shocking statistic: Coinbase users are reportedly losing over $300 million each year due to social engineering scams. This insight, shared by on-chain investigator ZachXBT in collaboration with researcher Tanuki42, underscores a troubling vulnerability within one of the largest cryptocurrency platforms. Over recent months, numerous
