Crypto Exchanges News and Insights

The latest crypto exchanges news and insights to help you become an expert

Latest News

Changpeng Zhao steps down as CEO of Binance

Changpeng Zhao has resigned as the CEO of Binance and pleaded guilty to the AML violations brought to light by the US Department of Justice.

Binance to launch Thai exchange in 2024

Binance will collaborate with the Gulf Energy Department to launch a Thailand-based crypto exchange in early 2024.

Crypto.com acquires VASP license for its Dubai subsidiary

CRO DAX Middle East FZE, the Dubai entity of Crypto.com, has received a Virtual Assets Service Provider license from Dubai's Virtual Assets Regulatory Authority.

OKX to delist 26 spot trading pairs

OKX has announced its plans to remove 26 spot trading pairs from its platform by November 10, citing that the flagged trading pairs no longer meet its listing criteria.

Coinbase launches futures trading services for US retail traders

Coinbase has expanded its Bitcoin and Ether futures offerings to US-based retail crypto traders.

Binance re-enables deposit and withdrawal services for Euro

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.

Binance launches new FCA-compliant domain for UK clients

Binance announced its plans to launch a new UK domain that complies with the regulations introduced by the FCA.

Coinbase acquires Major Payment Institution license in Singapore

Coinbase has acquired a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), bringing it one step closer to expanding its presence in Southeast Asia.

Kraken to launch stock and ETF trading services in 2024

Kraken reportedly plans to add trading services for US-listed stocks and exchange-traded funds in 2024.

Binance exits Russia by selling local business to CommEx

Binance has agreed to sell off its Russian business to the recently launched crypto exchange CommEx as the firm intends to quit the Russian crypto market.

Gemini slams Digital Currency Group’s Genesis bankruptcy recovery plan

The legal team representing Gemini criticized Digital Currency Group’s recent remuneration plan for creditors of Genesis Global, the now-insolvent crypto trading subsidiary of DCG.

Binance.US CEO quits while the firm cuts one-third of its workforce

Binance.US CEO Brian Shroder has left the exchange while its regulatory troubles show no sign of letting up. Norman Reed, the Chief Legal Officer of Binance.US, will succeed Shroder as the interim CEO.

Coinbase eyes expansion to nations with clear crypto rules

Coinbase announced its plans to acquire licenses in the EU, UK, Canada, and other nations as the crypto exchange enters the second phase of international expansion. 

1inch expands to Coinbase’s layer-2 network, Base

1inch has finished integrating with Base, Coinbase’s newly-launched layer-2 Ethereum scaling solution.

Binance.US partners with MoonPay to add new USD on-ramp service

Binance.US has added support for MoonPay to allow users to fund their Tether balance with USD holdings.

Gemini seeks to dismiss SEC lawsuit in its reply brief

Gemini has filed a reply brief in the court to dismiss the SEC’s ongoing lawsuit against the exchange.

Coinbase secures regulatory approval to list crypto futures in the US

The National Futures Association (NFA) has permitted Coinbase to operate a Futures Commission Merchant (FCM).

Coinbase releases crypto trading services for Canadian users

Coinbase has officially entered the Canadian market after integrating Interac payment rails into its platform.

Coinbase to release Base for general users on August 9

Crypto exchange Coinbase will launch its layer-2 network, Base, for general users on August 9. 

Binance to list 34 crypto tokens on its Japanese exchange

Binance plans to add trading services for 34 tokens on Binance Japan, a new exchange that caters to Japanese clients.

SEC reportedly ordered Coinbase to delist all coins except Bitcoin

Coinbase CEO Brian Armstrong claimed that before suing the exchange in June, the SEC had asked Coinbase to halt trading services for all cryptocurrencies except Bitcoin.

Binance enables Bitcoin deposits and withdrawals on Lightning Network

Binance has completed the integration of Bitcoin on the layer-2 protocol Lightning Network to enable faster BTC deposits and withdrawals for its clients.

Gemini sues DCG for allegedly misleading creditors

Gemini filed a lawsuit against Digital Currency Group and its CEO Barry Silbert over allegations of deceiving investors into lending crypto and fiat assets to Genesis.

Binance ends deposits and withdrawals for 8 Multichain-bridged tokens

Binance announced its plans to suspend deposit and withdrawal services for eight Multichain-bridged tokens starting July 7.

Binance burns $230K worth of Terra Classic tokens

Binance removed 2.65B Terra Classic tokens from circulation by sending them to a burn wallet.

OKX adds one-click basis trading with Nitro Spreads

OKX released the Nitro Spreads feature on its OTC liquid exchange to allow institutional clients to execute basis trades in a single click.

Binance retracts decision to remove privacy tokens in EU nations

Binance has backtracked on its decision to delist Zcash, Dash, and other privacy tokens in EU countries.

Brian Armstrong plans to turn Coinbase into a super app

Coinbase CEO Brian Armstrong unveiled his vision for transforming the exchange into a global super app at the State of Crypto Summit.

Binance to stop operations in Netherlands

Binance announced its plans to withdraw from the Netherlands after an unsuccessful attempt at securing a VASP license from Dutch regulators.

Binance.US delists advanced trading pairs for BTC and BUSD

Binance.US announced its plans to delist ten BTC and BUSD advanced trading pairs after the SEC pressed charges against its parent company.

Coinbase to list Bitcoin and Ether futures on its derivatives exchange

Coinbase’s CFTC-approved derivatives exchange will add Bitcoin and Ether futures for institutional clients on June 5.

Binance to launch new crypto exchange in Japan by summer 2023

Binance will re-enter the Japanese crypto market following the launch of a new crypto exchange in summer 2023.

Binance teams up with Gulf Innova to launch new crypto exchange

Binance's new Thailand-based crypto exchange, Gulf Binance, has received digital asset operator licenses from the country's Ministry of Finance.

OKX initiates application process to register with French regulators

OKX submitted the DASP license application to obtain regulatory approval from French regulators Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR).

Binance to cease operations in Canada

Binance announced its plans to suspend operations in Canada, citing a harsher regulatory environment as the reason behind withdrawing from the nation.

OKX sends $57M worth of USDT and MASK tokens to Alameda Research

OKX transferred over $57M worth of assets to crypto wallets controlled by the Alameda Research-FTX bankruptcy estate.

Coinbase establishes international crypto derivatives trading platform

Coinbase launched an overseas derivatives exchange in Bermuda after securing a Class F license from Bermuda Monetary Authority.

FTX reportedly lacked basic governance and financial controls

The first interim report penned by John J. Ray III revealed that FTX lacked adequate governance, accounting, and security controls under its previous leadership.

Binance.US halts OCBS and stablecoin pairs for BUSD

Binance.US temporarily suspended One Common Billing System (OCBS) transactions for Binance USD.

Kraken submits pre-registration documents to Canadian regulators

Kraken filed a pre-registration undertaking with the Ontario Securities Commission (OSC) to continue offering services to its Canadian clients.

OKX to return crypto assets worth $157M to FTX and Alameda

OKX announced that it will return $157M worth of frozen digital assets belonging to FTX and its subsidiary, Alameda Research.

Gemini seeks to launch overseas crypto derivatives exchange

Crypto exchange Gemini plans to establish a new crypto derivatives platform outside the US. Gemini’s new exchange will primarily feature perpetual futures trading services.

Binance CEO denies the allegations made by CFTC’s complaint

Binance CEO Changpeng Zhao denied the accusations made by the CFTC's complaint. According to him, the regulatory agency's complaint was an “incomplete recitation of facts."

Binance temporarily suspends spot trading

Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

Kraken to halt ACH deposits and withdrawals

Kraken will stop processing automated clearinghouse (ACH) transfers after March 27 due to the collapse of its banking partner, Silvergate Bank.

Coinbase to cease support for Signet

Coinbase announced its plans to drop support for Signet, the digital payments platform of the failed Signature Bank.

OKX to discontinue services for Canadian clients by June

OKX will exit the Canadian market by June 22 following issues with the CSA's new regulatory guidelines.

Crypto.com acquires preparatory license from Dubai’s VARA

Crypto.com has received the MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority, bringing it another step closer to securing an operational license from the authorities.

Coinbase considers launching an overseas trading platform

Coinbase may launch a new trading platform outside the US following recent crackdowns on crypto firms by US regulators.

FTX wallets transfer $145M in stablecoins to crypto exchanges

Three crypto wallets belonging to FTX and Alameda Research have transferred $145M worth of Tether and USD Coin tokens to crypto exchanges.

Binance to stop GBP deposits and withdrawals

Binance will suspend deposit and withdrawal facilities for Pound Sterling following issues with its current trading partner Skrill Limited.

Binance to convert $1B worth of IRI funds to native crypto tokens

Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.

Binance and Coinbase halt USDC conversions

Crypto exchanges Binance and Coinbase have paused USDC conversions as the stablecoin fails to regain its USD peg.

Blockchain.com to halt operations of its asset management subsidiary

Blockchain.com will halt operations of its subsidiary, Blockchain.com Asset Management, on account of the prolonged crypto winter.

Decentralized Trading Protocol Vertex Targets Institutional Traders with Transparency

Vertex is a new decentralized crypto exchange positioning itself as an alternative to centralized exchanges that have faced greater regulatory scrutiny.

Binance updates Proof-of-Reserves system to add 11 new tokens

Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

Coinbase buys One River Digital Asset Management to expand business

Coinbase has acquired hedge fund manager One River Digital Asset Management (ORDAM) to expand business following a decline in annual transaction volume.

OKX confiscates 2M USDT from accounts suspected of market manipulation

OKX has seized 2M USDT from five suspicious accounts that allegedly manipulated the price of Celestial tokens.

Coinbase to suspend BUSD trading

Coinbase will remove support for trading Binance USD on March 13. The exchange claimed that BUSD no longer meets its listing standards.

CoinFLEX asks Blockchain.com to return $4.3M worth of FLEX tokens

CoinFLEX issued a notice to Blockchain.com asking the latter to return $4.3M worth of FLEX tokens.

Coinbase launches layer-two network called Base

Coinbase has announced its Layer 2 network, Base. The network, built on Optimism’s OP Stack, offers secure, low-cost, and developer-friendly ways to build dApps.

Binance moves to semi-automated system for managing B-token reserves

Binance will employ a semi-automated process for managing the reserves of its issued tokens following reports about the exchange’s mismanagement of B-token reserves.

Coinbase adds support for Euro Coin on Ethereum Network

Coinbase will add support for Euro Coin on ERC-20 token, and trading in supported regions starts on or after 9 AM PT on February 27. Also, support for EUROC will be added using the Experimental asset label.

Coinbase affirms its still in strong regulatory position

Coinbase still maintains a strong regulatory position despite the US's disjointed approach. Also, the exchange shared its Q4 and FY’22 report with its shareholders, giving a breakdown of everything happening in the company.

Coinbase’s Q4 2022 net revenue surpasses expectations

Coinbase’s total earnings for the fourth quarter of 2022 were higher than analysts’ expectations despite a 12% decline in quarterly transaction revenue.

OKX’s fourth Proof-of-Reserves report reveals 100% clean reserves

OKX’s February Proof-of-Reserves report revealed that the exchange holds $8.6B in clean assets. According to the report, OKX’s reserves of Bitcoin, Ethereum, and Tether remain overcollateralized. 

Blockchain.com debunks rumors of selling businesses

Blockchain.com denied reports about the firm attempting to raise capital by selling its subsidiaries.

Binance CEO denies severing ties with US business partners

Binance CEO Changpeng Zhao dismissed reports about the exchange ending relationships with US business partners due to pressure from regulators.

Binance mints 50M TUSD tokens following regulatory action against BUSD

Binance has minted nearly 50M TrueUSD tokens after the NYDFS ordered Paxos to cease issuing Binance USD.

Binance and Huobi freeze $1.4M worth of stolen crypto assets

Binance and Huobi have frozen $1.4M worth of crypto assets stolen by North Korean hacking group, Lazarus. The exchanges were able to suspend the accounts linked to Lazarus thanks to the findings of Elliptic.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

Binance deploys zk-SNARKs on its proof-of-reserve system

Binance has integrated zk-SNARKs into its PoR system. This is a continued effort to promote transparency in the industry and regain users’ trust. Also, four tokens were added to the system.