The Solana-based Jupiter airdrop has generated substantial excitement and fueled decentralized exchange (DEX) trading activity on the layer1 blockchain network. In the last 24 hours, Solana-based DEXs facilitated trades totaling $1.14 billion, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period. This achievement highlights the remarkable growth and widespread adoption witnessed
Exchanges
In a surprising turn of events, FTX, a once-prominent cryptocurrency exchange, has officially announced that it will not be revived. Instead, the company has decided to liquidate its assets in order to fully compensate the thousands of customers affected by its collapse. This decision, which was revealed during the most recent bankruptcy hearing on January
The cryptocurrency exchange giant, Binance, has made waves in the industry once again with its latest development: a “banking triparty” arrangement that allows institutional investors to secure their trading collateral through a third-party banking partner. This solution, which has been in development for the past two years, aims to address the primary concern of counterparty
The cryptocurrency industry has been closely monitoring the lawsuits filed against Coinbase and Binance by the Securities and Exchange Commission (SEC). These lawsuits center around the classification of the tokens offered by these exchanges as securities and whether they should fall under SEC regulation. The outcome of these cases could potentially reshape the regulatory landscape
Coinbase, one of the leading cryptocurrency exchanges, has recently expressed its concerns regarding the dominance of go-Ethereum (Geth), an Ethereum execution client. In a statement released on the social media platform X (formerly Twitter) on January 23rd, Coinbase Cloud announced its plans to identify alternative qualified execution clients for its platform. The exchange aims to
In an exciting development for the cryptocurrency market, Gemini, a leading U.S.-based crypto exchange, has been registered as a Digital Asset Service Provider (DASP) in France by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. This regulatory milestone allows Gemini to serve both retail and institutional customers in France, opening up new
Coinbase Prime, the leading institutional crypto platform for investors, trusts, and high-net-worth individuals, has experienced a significant increase in trading activity since the introduction of U.S. spot Bitcoin ETFs. Recent analysis conducted by CryptoSlate has revealed a surge in inflows and outflows from a hot wallet at Coinbase Prime, marking a notable shift in the
India’s recent move to block access to global crypto exchanges, including Binance, KuCoin, and OKX, has sent shockwaves throughout the cryptocurrency community. This article will delve into the implications of India’s decision, the potential reasons behind it, and its impact on both Indian and foreign cryptocurrency exchanges. On January 12th, India implemented an IP block
Gemini, a well-known cryptocurrency exchange, believes that the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States will have a significant impact on the crypto futures market. They view this development as a game-changer that will bring more liquidity and diverse market participation to the ecosystem, potentially reshaping the dynamics of perpetual
The recent removal of several crypto exchange applications from Apple’s Indian App Store has caused significant concern among industry players. Binance South Asia confirmed that their application, along with others like Kraken, MEXC Global, HTX, and Gate.io, have been affected. This move by Apple reflects its stringent stance on cryptocurrency and compliance with local regulations.
The potential approval of a spot Bitcoin Exchange-Traded Fund (ETF) has raised questions about the pricing structures of crypto exchanges. With some of the most prominent players in the market charging seemingly low fees, Bloomberg analyst Eric Balchunas wonders if these exchanges would have to reconsider their pricing once a Bitcoin ETF is introduced. However,