Binance has updated its cryptocurrency deposit and withdrawal procedures in Poland to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). In a blog post on January 17, the exchange announced that starting January 20, users may be required to provide additional information when making crypto deposits and withdrawals. ...
In December 2024, centralized crypto exchanges set a record for the highest combined trading volumes in spot and derivatives, according to CCData’s latest market report. The report highlighted a 7.58% increase in overall trading activity, reaching an unprecedented $11.3 trillion. Binance continued its dominance in spot trading, registering $946 billion ...
Boerse Stuttgart, Germany's largest stock exchange, is capitalizing on the increasing global demand for cryptocurrencies, fueled by former U.S. President Donald Trump’s pro-crypto stance. The exchange reportedly plans to expand its services to accommodate banks and financial institutions looking to offer digital asset products and leverage partnerships with liquidity providers ...
South Korea’s Financial Services Commission (FSC) has reportedly initiated the second phase of discussions on the country’s crypto regulations, the Virtual Asset User Protection Act. During a recent meeting in Seoul, FSC Vice Chairman Kim So-young emphasized the importance of keeping up with global regulatory trends. He highlighted examples such ...
Mitrade, a globally recognized Contract for Difference (CFD) trading platform, has introduced an Excess of Loss Insurance Policy backed by Lloyd’s of London, offering up to AUD 1 million in coverage for claims due to company insolvency, aimed at enhancing trader confidence in Australia’s retail trading market. As forex and ...
Mudrex, an Indian crypto investment platform, unexpectedly suspended withdrawals and faced criticism from the community. The company later explained that this pause was to upgrade its compliance system to prevent bad actors. Alankar Saxena, the founder and CTO of Mudrex, addressed the situation on X, explaining that the suspension is ...
Bithumb, a major cryptocurrency exchange in Korea, will switch its deposit and withdrawal services from NH NongHyup Bank to KB Kookmin Bank starting March 2025, as reported by The Korea Times on January 13. South Korea's Financial Intelligence Unit (FIU) has approved Bithumb's application to switch partner banks from NongHyup ...
The crypto market has seen a significant slowdown in inflows, with a 56% decrease over the past month. According to analyst Ali Martinez, capital inflows have dropped from $134 billion to $38 billion, indicating a decline in crypto investments. Martinez also shared a chart illustrating the aggregated realized value net ...
An Oklahoma man, Travis Ford, has admitted to orchestrating a cryptocurrency investment fraud scheme that defrauded nearly 2,800 investors of $9.4 million. Ford, 35, from Glenpool, pleaded guilty to one count of conspiracy to commit wire fraud, a charge carrying a potential five-year prison sentence. According to the report, Ford ...
The options markets of both Bitcoin and Ethereum are showing divergent trends, according to crypto exchange Bybit. In its latest crypto derivatives report, the crypto reported that Bitcoin's open interest began rebalancing after December's option expirations, while Ethereum saw rising demand for call options. It noted that this divergence between ...
