In the aftermath of a tumultuous period for cryptocurrencies, Robinhood has experienced an unprecedented revival in trading volumes, particularly within the crypto sector. The brokerage reported an astronomical 400% increase in cryptocurrency trading volume in the fourth quarter, reaching an impressive $70 billion. This surge is largely attributed to a reinvigorated interest among retail investors,
Exchanges
In a transformative period for the cryptocurrency market, the CME Group has reported astounding trading volumes in crypto derivatives for the last quarter of 2024. The figures reveal an average daily trading volume of around $10 billion in futures and options, marking a staggering increase of over 300% compared to the final quarter of the
The realm of cryptocurrency has experienced significant trading activity in 2024, with centralized exchanges reporting a staggering cumulative volume of $18.83 trillion, as per CoinGecko’s latest findings. This report scrutinizes the trading trends over a five-year span, from January 2020 until the close of 2024, unveiling the intricate dynamics of market share and the competitive
In a groundbreaking move, Crypto.com has announced the launch of its crypto asset services across all member states of the European Economic Area (EEA) as of February 12. This expansion is indicative of the exchange’s ambitions to bolster its brand presence within crucial European markets, particularly following the recent acquisition of the full Markets in
In a significant development concerning regulatory oversight in the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) and Binance have mutually agreed to pursue a 60-day suspension in their ongoing legal battle. Initially filed in 2023, the lawsuit arose from the SEC’s accusations that Binance, one of the largest cryptocurrency exchanges, violated U.S. securities
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is reportedly contemplating an initial public offering (IPO) within the year, according to Bloomberg News. This development highlights a significant moment for the crypto sector, particularly as it wrestles with regulatory scrutiny and market volatility. While no definitive plans have emerged, discussions with potential advisers indicate
In an unprecedented turn of events sparked by a major hacking incident and subsequent legal battles, WazirX, once noted as India’s leading cryptocurrency exchange, now stands at a critical juncture. Over the coming weeks, creditors of WazirX will be called to make pivotal decisions concerning their lost assets, with two main paths laid out before
The recent announcement regarding the distribution of funds to small creditors by the FTX exchange marks a pivotal moment in the ongoing bankruptcy saga of one of the most notorious collapses in cryptocurrency history. As the dust begins to settle, it’s essential to comprehend the implications of this development and the broader context of FTX’s
In recent times, social engineering scams have reached alarming proportions within the cryptocurrency industry, particularly affecting Coinbase users. A report by on-chain investigator ZachXBT revealed staggering figures, indicating that these users lose over $300 million annually due to various scams. Following numerous complaints from distressed users, the data underlines a critical loophole in Coinbase’s security
Kraken, a leading cryptocurrency exchange, has made a significant stride in its European strategy by securing a Markets in Financial Instruments Directive (MiFID) license. Announced on February 3, this development underscores Kraken’s keen intent to elevate its regulated derivatives offerings throughout crucial European markets. The acquisition of a Cypriot investment firm, approved by the Cyprus