In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior has been significant, especially considering that over 17% of Bitcoin’s total supply was housed on exchanges at one point. The trend of decreasing exchange balances has persisted, even amidst Bitcoin’s 2021 bull
Exchanges
Recently, Coinbase’s non-US exchange achieved a significant milestone by reaching over $1 billion in daily trading volume on February 20th. This marked the first time that the exchange surpassed the $1 billion mark in terms of trading volume, indicating a significant growth trajectory for the service. According to live data, as of 8:15 pm UTC
In a recent announcement, popular cryptocurrency exchange Binance revealed its decision to discontinue trading and subscription services for its leveraged token offerings. This move, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and Binance Coin (BNB). Binance will be delisting leveraged tokens including BTCUP, BTCDOWN, ETHUP, ETHDOWN, and BNBUP,
Recently, US prosecutors have taken a strong stance against Binance for its involvement in money laundering and sanctions violations. The plea deal put forth by prosecutors seeks to hold Binance accountable for its intentional misconduct. The hefty $4.3 billion penalty imposed on Binance is one of the largest in US history, reflecting the severity of
In its recently published financial report on February 15th, major US cryptocurrency exchange Coinbase revealed its fourth-quarter and full-year results for 2023. The company’s performance exceeded expectations, showcasing significant growth and profitability. This article critically analyzes Coinbase’s financial report, highlighting its key achievements, revenue growth, international expansion, institutional activities, future trends, and stock performance. For
In a move aimed at enhancing accessibility for self-custody users seeking to purchase cryptocurrencies, leading wallet provider Ledger has teamed up with Coinbase. The collaboration, announced on February 13, involves the integration of Coinbase Pay into Ledger Live, a development that simplifies the process of purchasing crypto and broadens access for new users. By integrating
Coinbase, one of the leading cryptocurrency exchanges, has recently decided to lift the freeze on Debt Box’s assets. This move comes after Coinbase’s chief legal officer, Paul Grewal, highlighted discrepancies in the Securities and Exchange Commission’s (SEC) representation of their case against Debt Box. Grewal criticized the SEC for its lack of immediate rectification and
The Korea Financial Intelligence Unit (KoFIU) has recently unveiled a comprehensive plan to strengthen its oversight of the cryptocurrency industry. These measures aim to improve financial supervision and enhance consumer protection in the rapidly evolving digital asset market. As part of KoFIU’s strategy for 2024, the agency will be imposing stringent operational standards on crypto
In a joint effort, Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning against an entity masquerading as a legitimate crypto exchange called MEXC Global. The scammers are exploiting unsuspecting victims by posing as a virtual asset trading platform (VATP) and enticing them into what appears to be
The crypto market has witnessed a remarkable increase in the total assets under custodial accounts, soaring by a staggering 250% in the past four months. This surge can be largely attributed to the significant hype surrounding the spot Bitcoin exchange-traded fund (ETF), as revealed in a recent report by Bitget shared with CryptoSlate. However, there