NFT News by Thebittimes.Com

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...

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...

After the SEC’s crack-down on Kraken, Coinbase’s legal head outlined the differences between Kraken’s staking product and its own. The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase's head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting: “The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action against Kraken. The differences matter.” The first point of difference Grewal highlighted was that Coinbase users retain ownership of their cryptocurrencies at all times. In its user agreement last updated Dec. 15, 2022, Coinbase states that it m...