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Despite the availability of over 15 platforms facilitating euro-denominated trading with crypto , only a few attract substantial trading volume , Kaiko says. Cryptocurrency exchanges Bitvavo, Kraken, Coinbase, Bitstamp, and Binance collectively dominate the landscape of euro-denominated trading volume, accounting for over 98% of the total trades. According to a recent research from Kaiko co-made with Bitvavo, crypto exchange Kraken saw €25 billion in cumulative volume in 2023, followed by Binance, which once held a significant market share. Crypto exchange Bitvavo, according to the report, witnessed cumulative euro volume s exceeding €34 billion, accounting for over 50% in December 2023. Monthly euro-denominated trade volume | Source: Kaiko You might also like: Asset managers cut fees for European Bitcoin ETFs as competition grows Euro traders in 2023 demonstrated a strong preference for Bitcoin (BTC), which experienced substantial gains in Q4 2023. According to a...

Firms FTX and Alameda transferred $10.8 million in cryptocurrency to the Wintermute, Binance and Coinbase exchanges. According to Spot On Chain, the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) ($2.41 million), 2.23 million Synapse (SYN) ($2.25 million), 8.76 million Fantom (FTM) ($1.18 million), 77.77b Shiba Inu (SHIB) ($644,000), as well as small amounts of Arbitrum (ARB) and Optimism (OP). #FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs: 10M $GMT ($2.58M) 407K $UNI ($2.41M) 5.23M $SYN ($2.25M) 8.76M $KLAY ($1.64M) 3.87M $FTM ($1.18M) 77.77B $SHIB ($644K) and small amounts of $ARB and $OP. Note… https://t.co/UZkn8bmQ89 pic.twitter.com/0jb5ZMHvC7 — Spot On Chain (@spotonchain) December 1, 2023 In total, since Oct. 2023, FTX and Alameda have transferred $551 million worth of 59 tokens. In Nov. 2023, addre...

A crypto exchange is celebrating its sixth anniversary in style by announcing a high-profile collaboration with a footballing great. CoinW, a major cryptocurrency exchange, has announced a new partnership with Andrea Pirlo, a renowned soccer player. There are plenty of similarities between the worlds of sports and crypto. Both have passionate supporters and vibrant communities — striving to achieve excellence. Each industry takes pride in innovation, doing things differently, and achieving ambitious milestones. Because of this, it’s little wonder that these two worlds have become entwined — with crypto firms serving as high-profile sponsors in major sporting events. From the Super Bowl to Formula 1 and the Premier League to UFC, the logos of major trading platforms are emblazoned on arenas, kits and fan tokens. But this does little to communicate the values and ethos of a crypto business — and introduce them to millions of new people. A trusted face, on the other hand, can be instrume...

Decentralized cryptocurrency exchange dYdX has introduced new measures to reduce trading risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to the statement, the crypto exchange has increased margin requirements in several “less liquid markets.” This affected the following tokens: Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO). Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), Uma (UMA). dYdX introduced its insurance fund to cover user losses on Nov. 17. Before this, a profitable trade targeting long positions in the YFI token resulted in nearly $38 million in positions being liquidated. Last night about $9m from the dYdX v3 insurance fund were used to fill gaps on liquidations processed in the YFI market. The v3 insurance fund remains well funded with $13.5m in funds remaining...

In the last two months, traders from South Korea have largely contributed to the active growth in the volume of the cryptocurrency market . Thus, the share of local trading platforms has more than doubled since January of this year – from 5.2% to 12.9%, Bloomberg reported. According to Jamie Sly of CCData, South Korean platforms have played a huge role in the growth of trading activity on centralized exchange s (CEX). He also added that most of the trading volume came from domestic Upbit. Source: Bloomberg Analysts from the South Korean blockchain platform CryptoQuant emphasized that traders from South Korea are responsible for the global growth in altcoin trading volume. Earlier this month, Korea’s second-largest exchange , Bithumb, is set to enter the local stock market in 2025. Now the site is preparing for an initial public offering (IPO) on KOSDAQ, the South Korean analogue of Nasdaq. It is assumed that in this way the crypto platform wants to increase user ...

The U.S.-based crypto exchange Kraken is launching its offerings in Belgium utilizing its EU subsidiary. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. In a blog post on Nov. 7, the San Francisco-based crypto exchange said the move was made after the company had registered its services under the Virtual Asset Service Provider (VASP) regimes in Ireland, Spain, and Italy. You might also like: Kraken to launch stock and ETFs trading platform in 2024 Brian Gahan, managing director at Kraken Europe, said the exchange wants to educate more Belgians “about the transformative impact of crypto asset technology.” “We believe in offering a compliant trading experience powered by our industry-leading client service , robust security protocols and market-leading position in liquidity and volume for EUR crypto pairs.” Brian Gahan, managing director at Kraken Europe Kraken’s European...

When Mark Karpelès’ MtGox exchange went bankrupt in 2014, a decade-long saga began. Nowadays, it’s incredibly difficult to determine who owns MtGox bitcoin claims with many claimants having sold their claims to third-party speculators. In addition, customers have learned that Russian nationals Alexey Bilyuchenko, Aleksandr Verner, and their co-conspirators stole at least 647,000 bitcoin during MtGox’s lifetime — the vast majority of customers’ 850,000 bitcoin. Of those 647,000 bitcoin, 300,000 went to one exchange, BTC-e, whose operator was extradited to the US on money laundering charges. Despite those stolen bitcoin, as of September 2019, MtGox’s Japanese bankruptcy trustee disclosed holdings of 141,686 BTC plus 142,846 Bitcoin Cash (BCH). At today’s prices, its BTC and BCH is worth approximately $4.8 billion . The banktupcy trustee also held hundreds of millions of dollars worth of cash, which has slowly dwindled due to bankruptcy legal fees. As of September 2...

Trader Joe’s supermarket has initiated legal action against a similarly named decentralized cryptocurrency exchange, alleging trademark infringement and brand dilution. U.S. grocery retailer Trader Joe’s has initiated a lawsuit in a California court against a crypto currency trading platform that goes by an almost identical name. The legal action targets both the platform, named “Trader Joe,” and its co-founder Cheng Chieh Liu. The supermarket’s legal team contends that the naming of the decentralized cryptocurrency exchange aims deliberately to blur the lines between the two entities. Trader Joe’s lawyers argue that the platform has crafted a fictitious backstory around a character they call “Trader Joe,” which they say is clearly designed to invoke the grocery chain’s well-established brand. The lawyers have also raised concerns over the crypto platform’s emblem—a figure wearing a red cap. This hue doesn’t just res...

The probe into JPEX has resulted in the arrest of one person. The JPEX exchange has allegedly been operating in the country without a license. JPEX’s native token, JPC, has experienced a 21.98% decline in value over the past 24 hours following as the events unfold. Hong Kong’s crypto currency exchange , JPEX, has halted its trading operations in response to an investigation conducted by the Hong Kong Securities and Futures Commission (SFC). This inquiry resulted in the arrest of an individual affiliated with the exchange , as reported by local media. The SFC has asserted that JPEX, based in Hong Kong, had been conducting its operations without the necessary license, which prompted numerous complaints from users to law enforcement agencies. The JPEX comes as Hong Kong warns crypto firms against referring to themselves as “banks.” JPEX cites unfair treatment by Hong Kong authorities In a blog post, JPEX expressed dissatisfaction with...

The Mexican crypto exchange , Bitso, will launch an international payments service . The main aim of the new service is to connect the Latin American region with the rest of the world. It will allow companies to send and receive international payments in crypto currencies, fiat money and stablecoins. “With this launch , we seek to boost the economies of our region, by facilitating operations between countries and opening trade corridors that increase the development and prosperity of Latin America.” Santiago Alvarado, SVP of institutional products at Bitso The service will be available in the regions where Bitso is currently operating: Mexico, Argentina, Brazil, and Colombia. Bitso is currently one of the biggest cryptocurrency exchanges in Mexico and Latin America. The company was founded in Mexico in 2014 by Ben Peters, Daniel Vogel, and Pablo Gonzalez. You might also like: Bitso integrates Stellar, XLM rallies 20% lifting sentiment and bolstering Borro...

The company cited that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Nigerian social payment s app, Bundle announced on July 20 that it is shutting down its crypto exchange arm.  According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Screenshot of Bundle press release statement. Source: Bundle In the statement, the company cited that this decision by its shareholders is a result of the observed growth of the Web3 and blockchain community and hence the need to focus on payment solutions that meet the ecosystem's needs. In the company’s press release, it confirmed that users won’t be able to si...

Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa's Rand currency. Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase Cryptocurrencies and withdraw funds with the country's fiat currency, the South African Rand, according to local media reports.   South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a focal point for its growth plans, which includes reaching 5 million clients in 2023. Roqqu has its sights set on Ghana, Uganda, Kenya, and Tanzania for regional expansion in the near future.  South Africa is one of the biggest crypto and Blockchain adopting countries in Africa; and today, @roqqupay just receive d regulatory approval to operate in South Africa #RoqqucomingtoSA pic.twitter...

After cutting employees and benefits, the cryptocurrency exchange reportedly made a $30 million profit during the first quarter of 2023. According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures were taken to reduce costs and increase efficiency" during the quarter. For Q2 2023, he projects the exchange will bring $187 million in revenue and $76 million in expenses, with a net income of $110 million. Huobi was one of the largest cryptocurrency exchanges by volume until the off-boarding of its Mainland Chinese users began in 2021. Its market share subsequently fell from 19% in 2020 to an estimated 2.2% in Q4 2022. Sun, who claims to be an "adviser" at Huobi Global, reportedly purchased 100% of the exchange's stake from co-founders in ...

Bitzlato is yet to resolve the issue with the remaining 50% of user funds and may eventually compensate using its own funds. Russia-linked cryptocurrency exchange Bitzlato has managed to partly restore access to user funds despite being officially seized by European authorities. Bitzlato has enabled its users to withdraw up to 50% of assets that were stuck on the platform due to enforcement from the United States and Europol, the firm announced on its Telegram channel on March 20. According to the statement, Bitzlato users are now able to restore a half of their assets using the Telegram bot @bz_phoenix_bot, which allows users to move assets from the web Bitzlato account to an external wallet or an exchange . All withdrawals from Bitzlato are processed in Bitcoin (BTC) as the platform converted all altcoin holdings by users into BTC at the time the service was halted on Jan. 18. According to the firm, Bitzlato had to convert user balances into Bitcoin due to technical difficulties a...

Author: Bitrace WuBlockchain authorized translation and reprint source: https://mp.weixin.qq.com/s/kTWd68GCccOfAu67ERUxGw The Anti-Telecommunication Network Fraud Law of the People’s Republic of China has been adopted by the Standing Committee of the National People’s Congress and will come into effect on December 1, 2022. Article 25 of the Law clearly states that “no unit or individual shall help others launder money through virtual currency transactions and other means.” Combined with the recent public disclosure of a number of precedents in cryptocurrency-related cases, the criminal risk for practitioners in the crypto has risen precipitously. The trend of dirty money Since the launch of China’s “Clearning Card Action” in October 2020, it has become a common knowledge in the industry that black money laundering has been used by cryptocurrency transactions in large quantities, and investors are mostly aware of the fact that receiving black funds may lead to frozen cards or even suspe...