The cryptocurrency exchange market has witnessed dynamic changes throughout 2024, signaling a shift in the industry hierarchy. While industry stalwarts like Binance and OKX experienced declines, Crypto.com has established itself as a growing contender in the centralized exchange sector. Reports from CCData reveal that Crypto.com has increased its market share to 8.66%, marking a year-to-date
Exchanges
In a significant move following the stringent requirements of Europe’s Markets in Crypto-Assets (MiCA) regulation, Crypto.com has announced the delisting of Tether’s USDT stablecoin by January 31. Alongside USDT, nine other cryptocurrencies—including Wrapped Bitcoin (WBTC), DAI, and Pax Dollar (USDP)—will also be removed from the platform. This decision aligns with the crypto exchange’s commitment to
The recent approval of Coinbase to operate as a Virtual Asset Service Provider (VASP) in Argentina marks a significant development in the regional cryptocurrency landscape. Announced on January 28, this decision speaks volumes about the burgeoning interest and necessity surrounding cryptocurrencies among Argentine citizens. With high inflation and economic volatility gripping the nation, many view
On January 27, 2023, cryptocurrency exchange KuCoin entered into a plea agreement with the U.S. Department of Justice (DOJ), marking a significant milestone in the enforcement of financial regulations in the burgeoning crypto industry. By admitting guilt to operating an unlicensed money-transmitting business, KuCoin has committed to exiting the U.S. market for two years and
The cryptocurrency landscape has experienced an astonishing transformation in recent years, characterized by exponential growth in the number of new tokens hitting the market. In light of this uprising, Coinbase CEO Brian Armstrong has recently outlined the urgent necessity for reforming the token listing process. His insights, shared through a social media post on January
In recent times, the Solana network has faced significant challenges, particularly concerning transaction delays on the Coinbase exchange. Brian Armstrong, CEO of Coinbase, recently took to social media platform X to confirm that the exchange has resolved its backlog of pending Solana transactions. This announcement was met with relief from many users who had expressed
Recent developments suggest that the CME Group may be on the verge of launching futures contracts for cryptocurrencies Solana (SOL) and XRP. This speculation erupted from social media activity on January 22, when a user named Summers shared what appeared to be a screenshot of a testing page associated with the CME. Although these claims
In a notable legal battle, Coinbase has initiated a motion to dismiss a lawsuit brought forth by BiT Global contesting the delisting of Wrapped Bitcoin (wBTC) from its trading platform. This contentious matter has arisen against the backdrop of growing concerns within the cryptocurrency community regarding asset volatility and the implications of association with controversial
In recent years, the financial landscape has witnessed a significant shift towards digital currencies, particularly in the realm of remittances. Companies like Binance, renowned for being the largest cryptocurrency exchange by trading volume, are at the forefront of this transformation. A recently released statement indicated that Binance users successfully transferred a staggering $26 billion in
On January 16, Coinbase, one of the leading cryptocurrency exchanges, forged a new partnership with the money market platform Morpho. This collaboration marks a significant step in the evolution of decentralized finance (DeFi) by enabling users to leverage their Bitcoin holdings to obtain loans in USD Coin (USDC). With the advent of such innovative services,
