The introduction of commission-free trading by Robinhood Markets Inc. is slated to radically alter the European cryptocurrency industry, according to Bloomberg’s announcement today. The platform is preparing to provide European investors access to more than 25 cryptocurrencies, after announcing its entry into the UK market. Importantly, this expansion falls in
In an effort to expand its user base, cryptocurrency exchange Coinbase has introduced a new feature to its wallet that enables the transfer of cryptocurrency using a link that can be shared through many popular messaging applications and social media platforms. Coinbase said in a blog post on December 5
As the price of Coinbase (COIN) shares kept climbing amid a phenomenal rebound in the crypto market, Ark Invest, led by Cathie Wood, sold further shares. On the other hand, at the same time, Robinhood (HOOD) shares are still being purchased by Ark Invest’s several funds in anticipation of massive
The total volume of crypto trading on Robinhood increased 75% month-on-month in November. On December 4th, Robinhood reported in a Form 8-K filing with the U.S SEC that the crypto notional trading volumes for November were over 75% higher than the levels seen in October 2023. Despite this activity, trading
Crypto.com announced that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). The FCA approved Crypto.com as a crypto asset firm in August 2022, and this approval follows suit. The strong FCA framework is in line with Crypto.com’s goal of guaranteeing the
In a touching statement posted on the Bybit blog, co-founder and CEO Ben Zhou reflects on the crypto sector and his visions for the future as the third-largest cryptocurrency exchange by volume, Bybit, celebrates its fifth anniversary. Ben emphasizes Bybit’s noteworthy accomplishments over the last five years in his message
On December 4th, South Korean financial authorities issued an update requesting that consumers disclose any unauthorized cryptocurrency exchanges providing services to customers inside the area. The endeavor was a joint effort by the South Korean Financial Intelligence Unit (FIU) and the Digital Asset Exchange Association (DAXA). Upbit, Bithumb, Coinone, Korbit,
An on-chain data analytics company Kaiko Research observed a spike in Coinbase’s market share after Binance reached a massive multi-billion-dollar settlement with US authorities last week. Binance and the US DoJ settled anti-money laundering claims to the tune of $4.3 billion on November 21. According to research company Kaiko Research,
According to blockchain research company Lookonchain, $22 million worth of digital assets have been transferred by defunct crypto exchange FTX and its subsidiary Alameda Research. After filing for bankruptcy, the new team of FTX and Alameda Research wasted no time and sent large sums to major exchanges. The business has
Using eight different cryptocurrencies, wallets associated with the now-defunct FTX exchange and its subsidiary Alameda Research sent $10.8 million to Binance, Coinbase, and Wintermute accounts. Spot On Chain, a blockchain research organization, saw the transaction and estimated that the organizations had moved $551 million using 59 distinct cryptocurrency tokens since
