Coinbase made headlines at the end of 2024 with its impressive quarterly report, announcing a staggering $2.3 billion in revenue for the fourth quarter. This figure not only surpassed analysts’ expectations of $1.87 billion but also represented a remarkable 88% increase from the previous quarter’s results. The Brian Armstrong-led firm achieved phenomenal growth, especially in
Exchanges
The fourth quarter of 2024 marked a pivotal moment for Robinhood, as the online brokerage experienced an astonishing 400% rise in cryptocurrency trading volume, catapulting to $70 billion. This surge was largely attributed to a renewed interest in digital assets, particularly following Bitcoin’s meteoric climb past the $100,000 mark. As retail investors increasingly turned their
The final quarter of 2024 proved to be a landmark period for the CME Group as it reported astounding trading volumes in the realm of cryptocurrency derivatives. The exchange recorded an average daily trading volume reaching around $10 billion, marking a staggering increase exceeding 300% from the previous year’s figures during the same quarter. This
The cryptocurrency market continues to exhibit dynamic movements and evolving trends, as underscored by a recent report from CoinGecko. As of 2024, the total trading volume across centralized exchanges reached a remarkable $18.83 trillion, showcasing a shift in trading behavior and market dominance among major players. This article delves into the report’s findings, exploring how
In a significant move, Crypto.com has officially expanded its cryptocurrency asset services to encompass all European Economic Area (EEA) nations. This announcement, made on February 12 through a post on social media platform X, underscores Crypto.com’s strategy to bolster its presence in essential European markets. The exchange’s statement highlighted its eagerness to elevate its brand
In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have requested a 60-day halt in their ongoing litigation. This decision, conveyed in a filing on February 10, stems from the SEC’s establishment of a new crypto task force under the leadership of Acting Chair Mark Uyeda. Both
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is reportedly considering an initial public offering (IPO) soon, as indicated by sources familiar with the situation. While discussions around this potential listing are ongoing, it remains uncertain whether a final decision will be reached imminently. The possibility of Gemini transitioning to a public entity highlights
WazirX, once the crown jewel of India’s cryptocurrency exchanges, currently finds itself teetering on the edge of collapse following a catastrophic security breach. With the potential resolution options facing its creditors now laid bare, the choice to accept a proposed restructuring plan or risk facing prolonged liquidation looms large. The stakes in this decision could
The ongoing saga of FTX, once one of the leading cryptocurrency exchanges, continues to unfold, as the courts take steps to address the fallout from its catastrophic downfall. As the cryptocurrency world anxiously watches, FTX has revealed plans to distribute funds to its smaller creditors starting on February 18, marking a pivotal point in its
Recent findings from an investigation led by on-chain analyst ZachXBT have illuminated a troubling reality for Coinbase users: they collectively lose upwards of $300 million each year due to social engineering scams. As cryptocurrency navigates through its volatile landscape, an increasing number of users have reported abrupt restrictions on their accounts, prompting concerns about the
