dYdX, a decentralized cryptocurrency exchange, burned up $9 million of its insurance fund on November 17 to cover customer losses, prompting the exchange to announce additional procedures to reduce trading-related risks. The exchange has raised margin requirements for several tokens trading in “less liquid markets,” according to a post on
XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment
The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps
In early 2024, Binance and Gulf Energy Development, a major energy provider in Thailand, will launch a cryptocurrency exchange in the nation. According to a filing made by Gulf Energy on the Stock Exchange of Thailand on November 15th, the Gulf Binance initiative would launch privately at first and then
Binance Japan recently revealed the inclusion of 13 new tokens to its platform for Japanese users. The token count at the exchange will rise to 47 after this modification, which is scheduled for November 27. Many well-known protocols, such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), have been
Cryptocurrency exchange Poloniex, owned by Justin Sun, is set to resume operations following a significant hack in November 10th, as per an official announcement on today. The platform has made substantial progress in restoring services after the breach that resulted in a loss of over $100 million. In the latest
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.
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.
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
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
