With the cryptocurrency space continuously evolving, the centralized exchange market witnessed significant changes throughout 2024, as articulated in a recent CCData report. The market dynamics not only highlight the struggles of prominent players such as Binance and OKX but also underscore the remarkable emergence of Crypto.com. Crypto.com has notably expanded its market share, ascending to
Exchanges
Amidst the continuously evolving world of cryptocurrency, compliance with regulations has become a critical focus, particularly in the European Economic Area (EEA). In a recent development, Crypto.com has announced the delisting of Tether’s USDT stablecoin along with nine other tokens by January 31, marking a significant shift in its operational strategy. As European authorities ramp
In a significant development, Coinbase has secured the necessary approvals to launch its cryptocurrency platform in Argentina, a move that signals the growing acceptance of digital currencies in the region. The registration as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV) marks a pivotal step for Coinbase, as detailed in their
On January 27, 2024, KuCoin, a prominent cryptocurrency exchange, entered a guilty plea regarding its operations as an unlicensed money-transmitting business. This plea came as part of a settlement with the U.S. Department of Justice (DOJ), emphasizing the exchange’s deficiencies in regulatory adherence. The case underscores the increasing scrutiny on cryptocurrency platforms, particularly about their
The cryptocurrency sector has witnessed exponential growth over recent years, leading to a vast influx of new tokens, innovations, and decentralized applications. At the forefront of this evolutionary surge is Coinbase CEO Brian Armstrong, who has expressed significant concerns regarding the existing processes for token listing. In a recent social media discourse, he emphasized that
Amid escalating frustrations from users about transaction delays on Solana, Coinbase CEO Brian Armstrong took to social media to announce significant progress. On January 22, he confirmed that the longstanding backlog of Solana transactions has been resolved, assuring users that the exchange is equipped to handle transactions more efficiently. This development comes in the wake
Recent conversations in the cryptocurrency market have been sparked by rumors that the CME Group may be on the brink of launching futures contracts for notable cryptocurrencies Solana (SOL) and XRP. These claims emerged on January 22, primarily fuelled by an alleged screenshot shared by a user on the platform X, implying that the CME
The cryptocurrency landscape is often fraught with legal challenges, particularly as regulatory frameworks continue to evolve. A recent case has emerged involving Coinbase and BiT Global, centered around the controversial decision to delist Wrapped Bitcoin (wBTC) from the Coinbase exchange. This legal confrontation underscores the complexities that arise when an exchange must navigate user safety,
In recent years, the landscape of international money transfers has been significantly reshaped by the rise of cryptocurrency. One of the most notable examples of this transformation comes from Binance, the world’s leading cryptocurrency exchange by trading volume. The company recently reported that its users conducted a remarkable $26 billion in peer-to-peer remittances between 2022
On January 16, 2024, Coinbase embarked on a transformative journey by announcing a partnership with Morpho, an emerging player in the decentralized finance (DeFi) sector. This collaboration aims to enhance the accessibility of financial services within the crypto space, allowing users to take out loans denominated in USD Coin (USDC) backed by Bitcoin (BTC). Through
