Tue, February 4

OKX Collaborates With Key Participants to Offer Off-Exchange Derivatives Trading

Crypto exchange OKX has expanded its relationship with asset management firm CoinShares and custodial joint venture Komainu to provide derivatives trading without the threat of counterparty risk often associated with holding assets on the exchange. Following the FTX buzz last year, many industry participants have developed secure off-exchange trading and settlement mechanisms.

November 15, 2023 2 mins read

Crypto Custodian Hex Trust Secures Full VASP License in Dubai

Hex Trust, a cryptocurrency custodian based in Hong Kong, has been awarded approval to provide its services in Dubai to institutional customers and investors. On November 15, the company was granted a full Virtual Asset Service Provider (VASP) license by the Virtual Asset Regulatory Authority (VARA) in Dubai. In February

November 15, 2023 1 min read

Binance Validates 649 User Proposals Emphasizing User-Centric Development

Binance has announced the launching of many new and improved features throughout its product suite in the months of September and October. Binance is the global blockchain ecosystem powering the biggest cryptocurrency exchange by trading volume. These changes are a part of Binance’s larger objective to provide the greatest platform user experience.

November 14, 2023 4 mins read

Nexo Launches Innovative Gateway for Streamlined Futures Trading

Nexo has introduced simplified Futures trading on the Nexo Exchange, tailored specifically for crypto enthusiasts who are new to derivatives. The goal of the new product is to make the world of Futures accessible and informative for people who have until now only interacted with the spot market. In order to ensure

November 14, 2023 2 mins read

Crypto.com Granted VASP Licence by Dubai’s VARA

The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a Virtual Assets Service Provider (VASP) Licence to Crypto.com’s Dubai subsidiary, CRO DAX Middle East FZE, allowing it can engage in specific virtual asset service operations. After Crypto.com has fulfilled certain criteria and localization requirements set out by VARA, the

November 14, 2023 2 mins read

Bithumb Eyes Market Revival With IPO on KOSDAQ

One of South Korea’s most renowned cryptocurrency trading platforms, Bithumb, is apparently preparing for a historic Initial Public Offering (IPO) on KOSDAQ. The Korea Exchange (KRX) in South Korea launched its trading board, KOSDAQ, in 1996. Initially established by the Korea Financial Investment Association as a separate stock market from

November 12, 2023 2 mins read

Defunct Crypto Exchange FTX Sues Bybit to Reclaim $953 Million

Crypto exchange FTX’s bankruptcy advisors have sued Bybit Fintech Ltd. to reclaim cash and digital assets valued at an astounding $953 million. According to FTX’s advisors, ByBit took all of the funds just before the company filed for Chapter 11 bankruptcy in November. The action was filed on Friday, November

November 11, 2023 2 mins read

Justin Sun Offers 5% Bounty for Returning Poloniex Stolen Funds

Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered

November 10, 2023 1 min read

Market Update: On-ground Crypto Scenario in Turkey

An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors. 66% of investors questioned say

November 10, 2023 1 min read

CME Overtakes Binance as Top Bitcoin Futures Market

For the first time in two years, the regulated Chicago Mercantile market (CME) surpassed Binance as the largest bitcoin (BTC) futures market on Thursday. According to CoinGlass statistics, CME has a higher market share than any other futures and perpetual futures exchange at 24.7%, with an open interest (OI) of

November 10, 2023 2 mins read