In recent years, there has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets, indicating a significant change in investor behavior. This shift, which began in mid-March 2020, has continued through Bitcoin’s 2021 bull run and into 2024. The decrease in Bitcoin holdings on exchanges has prompted a closer look at
Exchanges
Coinbase’s non-US exchange achieved a significant milestone on February 20th, surpassing $1 billion in daily trading volume. This accomplishment was highlighted by Coinbase International Exchange, which observed a 24-hour perpetual futures trading volume exceeding $1 billion in notional contract value. It marked the first time the non-US unit reached this impressive daily volume mark, signaling
In a recent announcement, cryptocurrency exchange Binance revealed that it would be discontinuing trading and subscription services for its leveraged token offerings. This decision, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and BNB Coin. Binance plans to delist these tokens and cease redemption by April 3. The affected
Recently, US prosecutors filed a sentencing memo asking a federal judge to approve the plea deal involving Binance and its former CEO, Changpeng Zhao (CZ). The plea deal, which took place in November 2023, involved charges of money laundering and sanctions violations. This agreement required Binance to pay a staggering $4.3 billion in criminal penalties,
Coinbase, one of the major cryptocurrency exchanges in the United States, has recently released its financial report for the fourth quarter and full year of 2023. The report showcases the company’s impressive performance and provides insights into its future outlook. In the fourth quarter of 2023, Coinbase reported a net income of $273 million, with
Coinbase, a prominent cryptocurrency exchange, recently lifted the freeze on Debt Box’s assets following the discovery of discrepancies in the Securities and Exchange Commission’s (SEC) case against the firm. In a bold statement, Paul Grewal, Coinbase’s chief legal officer, took to social media to highlight the SEC’s flawed actions and criticized the regulatory body’s lack
The Korea Financial Intelligence Unit (KoFIU) has unveiled a comprehensive plan to enhance its supervision of the cryptocurrency industry, signaling South Korea’s commitment to strengthening financial oversight and protecting consumers within the rapidly evolving digital asset landscape. The KoFIU’s new measures, which include expelling non-compliant crypto exchanges, are part of a comprehensive strategy developed in
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning about a fraudulent entity pretending to be the legitimate crypto exchange MEXC Global. This deceptive scheme involves luring unsuspecting victims into a crypto investment scam by masquerading as a virtual asset trading platform (VATP). The scammers are utilizing phishing
Cryptocurrencies have undergone significant growth in recent months, resulting in a surge in demand for custodial accounts. This article will explore the reasons behind this increased interest in custodial solutions and analyze how investor behavior has shifted towards short-term utilization of such wallets. The hype surrounding the spot Bitcoin exchange-traded fund (ETF) has played a
The cryptocurrency exchange Binance, known for its high trading volume, recently announced that it would be delisting Monero’s XMR and Multichain’s MULTI by February 20th. In addition to these digital assets, Binance also revealed that tokens such as Aragon (ANT) and Vai (VAI) would be delisted from several products on its platform due to failure