Crypto Exchanges News and Insights
The latest crypto exchanges news and insights to help you become an expert
Latest News
Coinbase affirms its still in strong regulatory position
Crypto exchanges
February 22, 2023
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
Crypto exchanges
February 22, 2023
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
Crypto exchanges
February 20, 2023
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
Crypto exchanges
February 18, 2023
Blockchain.com denied reports about the firm attempting to raise capital by selling its subsidiaries.
Binance CEO denies severing ties with US business partners
Crypto exchanges
February 18, 2023
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
Crypto exchanges
February 17, 2023
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
Crypto exchanges
February 15, 2023
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
Crypto exchanges
February 15, 2023
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
Crypto exchanges
February 10, 2023
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.
Kraken under investigation by SEC over securities violations
Crypto exchanges
February 9, 2023
Kraken is facing a probe from the US Securities and Exchange Commission for violating securities laws.
Binance APAC head claims full audit of reserves will take time
Crypto exchanges
February 8, 2023
Leon Foong, Binance’s head of Asia-Pacific, claimed that a comprehensive audit of the exchange’s reserves will take time due to the steep learning curve associated with auditing crypto firms.
Binance to temporarily halt USD bank transfers
Crypto exchanges
February 7, 2023
Binance will suspend US Dollar deposits and withdrawals starting February 8. The exchange has not revealed the reason behind the suspension.
Coinbase To Suspend Operations In Japan
Crypto exchanges
January 18, 2023
Coinbase announced its plans to halt operations in Japan after reducing its workforce by 20% last week.
Binance Collaborates With Huobi To Recover $2.5M Worth Of Bitcoin Assets From Hackers
Crypto exchanges
January 16, 2023
The security teams of Binance and Huobi teamed up to recover 124 Bitcoin from the hackers responsible for the Horizon Bridge Hack of 2022.
Blockchain.com Reduces Its Workforce By 28%
Crypto exchanges
January 12, 2023
Blockchain.com slashed its workforce by 28% to reduce expenses amidst the ongoing crypto winter.
Uphold Denies Allegations Of Owing $783.9M To Cred’s Liquidation Trust
Crypto exchanges
January 12, 2023
Uphold filed a motion with the bankruptcy court in Delaware to dismiss Cred’s complaints about Uphold owing $783.9M to its liquidation trust.
Attorney Claims FTX Has Recovered Over $5B Worth Of Assets
Crypto exchanges
January 11, 2023
Andy Dietderich, the attorney representing FTX, reported that the firm has recovered $5B in cash, liquid crypto, and liquid securities.
Crypto.com To Delist USDT For Canadian Users In Compliance With OSC’s Instructions
Crypto exchanges
January 11, 2023
Crypto.com announced its plans to delist Tether (USDT) and suspend Tether-related transactions for its Canadian user base on January 31, 2023.
Coinbase Aims To Reduce Operational Costs By Laying Off 20% Of Its Workforce
Crypto exchanges
January 10, 2023
Coinbase announced its plans to cut 20% of its jobs and close down projects that have a low probability of success to survive the bearish crypto market.
U.S. Government Confiscates $455 Million Worth of Robinhood shares From SBF
Crypto exchanges
January 10, 2023
United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.
Binance To Re-Enter South Korea By Acquiring Gopax
Crypto exchanges
January 3, 2023
Binance is reportedly in the process of purchasing a 41.2% stake in the South Korean crypto exchange, Gopax.
Gemini Co-Founder Writes Open Letter Concerning Blocked Funds To DCG’s CEO
Crypto exchanges
January 2, 2023
Cameron Winklevoss, the Co-Founder of Gemini, questioned Digital Currency Group's Barry Silbert about the delay in repaying Gemini’s funds.
FTX Users Request Court To Redact Private Information From Bankruptcy Filings
Crypto exchanges
December 30, 2022
Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.
FTX-Owned Japanese Exchange Aims To Return Users’ Assets In February 2023
Crypto exchanges
December 30, 2022
Liquid, a Japanese exchange owned by FTX, announced its plans to initiate the process for returning users’ crypto assets in 2023.
Binance CEO Cautions Users About “Widespread” API Key Leaks From 3Commas
Crypto exchanges
December 29, 2022
Changpeng Zhao warned Binance users to disable 3Commas API keys following several reports of API key leaks from 3Commas.
Kraken To Cease Operations In Japan
Crypto exchanges
December 28, 2022
Kraken announced it will exit the Japanese market by January 31, 2023, due to bearish crypto market trends.
OKX Releases Second Proof-Of-Reserves Report
Crypto exchanges
December 23, 2022
OKX published its second Proof-of-Reserves report to continue providing transparency to its users.
Binance.US Set to Acquire Voyager Digital's Assets for $1 Billion
Crypto exchanges
December 19, 2022
Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.
OKX Pauses Withdrawals Following Technical Issues With Cloud Service Provider
Crypto exchanges
December 18, 2022
OKX halted withdrawals due to an equipment failure in Alibaba Cloud’s Hong Kong server.
Mazars Suspends Proof-Of-Reserves Audit Services For Crypto Exchanges
Crypto exchanges
December 16, 2022
Binance reported that Mazars has stopped offering services to crypto exchanges. The auditing firm removed the web pages that showed its Proof-of-Reserves (PoR) audits conducted on Binance, Crypto.com, and KuCoin's reserves.
FTX Seeks Court Approval To Auction Off Four Business Units
Crypto exchanges
December 16, 2022
FTX filed a motion with the Bankruptcy Court in Delaware to auction off Embed, LedgerX, FTX Japan and FTX Europe.
Coinbase Launches Self-Service Asset Recovery Tool For Unsupported ERC-20 Tokens
Crypto exchanges
December 15, 2022
Coinbase has introduced a new self-service asset recovery tool for unsupported ERC-20 tokens. This will enable the recovery of funds mistakenly sent to a Coinbase address.
Mithril Demands A Refund Of 200,000 BNB From Binance Following Its Delisting
Crypto exchanges
December 15, 2022
Mithril had asked Binance for a 200,000 BNB ($53M) refund after the exchange delisted its token. Binance delisted Mithril after its review showed the project was not meeting up with the exchange’s standards.
Binance CEO Cautions Against Holding Crypto In Self-Custody As The Exchange’s Weekly Outflows Top $3.66B
Crypto exchanges
December 15, 2022
In a recent Twitter Space discussion, Changpeng Zhao claimed that investors are more likely to lose their crypto assets by keeping them in private wallets instead of centralized exchanges.
Binance.US Launches Zero-Fee Payment Service For Mobile App Users
Crypto exchanges
December 14, 2022
Binance.US added support for “Pay,” a service that allows users to instantly settle crypto payments without paying gas or transaction fees.
Binance Users Withdrew $1.9B Worth Of Crypto In 24 Hours
Crypto exchanges
December 13, 2022
Binance's clients withdrew over $1.9B from the exchange in the last 24 hours. The $1.9B figure marks the highest volume withdrawn from Binance within a day since June.
US DOJ Pondering Legal Action Against Binance
Crypto exchanges
December 12, 2022
Binance might face legal action when DOJ completes its investigation on alleged money laundering.
Crypto.com Releases Its Proof Of Reserves
Crypto exchanges
December 9, 2022
Crypto.com has released its Proof of Reserves which Mazars Group verified. The exchange aims to restore users’ trust and develop a culture of accountability and transparency in the industry.
Coinbase Encourages Users To Switch To USDC By Waiving USDT To USDC Conversion Fees
Crypto exchanges
December 9, 2022
Coinbase asked clients to switch to USDC by introducing zero-fee Tether (USDT) to USD Coin (USDC) conversion.
Coinbase CEO Expects Revenue To Decline By 50% In 2022
Crypto exchanges
December 8, 2022
Brian Armstrong said Coinbase's annual revenue in 2022 may drop by over 50% due to bearish market trends coupled with the collapse of FTX.
Binance.US Removes Spot Trading Fees For Ethereum
Crypto exchanges
December 7, 2022
Binance.US expanded its Zero Fee Trading program to Ethereum (ETH). This will allow users to trade on ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs without paying any fees.
Swyftx Cuts 35% Of Staff In Its Second Round Of Layoffs
Crypto exchanges
December 5, 2022
Swyftx has cut about 35% of its employees in its second round of layoffs due to the worsening market conditions. The exchange laid off 90 employees today to re-position better and ensure financial stability.
Bybit Reduces Workforce As Bear Market Worsens
Crypto exchanges
December 4, 2022
Bybit has reduced its workforce due to the increasing effects of the bear market. This is part of its ongoing re-organization to enable them to deliver the crypto ark to the world with more passion and drive.
BitMEX Set To Enable Depositors Self-Verify Liabilities
Crypto exchanges
December 2, 2022
BitMEX has launched its PoL system, allowing depositors to self-verify their liabilities in the company’s total liability balance sheet. Client privacy is achieved through the complete publication of the Merkle tree and the random splitting of user balances.
Kraken Slashes 30% Of Its Workforce To Survive Crypto Winter
Crypto exchanges
November 30, 2022
Kraken laid off 30% of its global workforce (around 1,100 employees) to brave the crypto winter.
Telegram CEO Seeks To Launch Crypto Exchange And Non-Custodial Wallets
Crypto exchanges
November 30, 2022
Pavel Durov, the Founder and CEO of Telegram, announced his plans to build a decentralized crypto exchange and non-custodial wallets as a response to FTX's collapse.
Binance Re-enters Japan With SEBC Acquisition Deal
Crypto exchanges
November 30, 2022
Binance has finally re-entered Japan with its SEBC acquisition deal. The exchange is now a JFSA-regulated entity offering crypto-regulated services in Japan.
Binance Transfers 127K Bitcoin To An Unknown Wallet As Part Of Proof-Of-Reserves Audit
Crypto exchanges
November 28, 2022
After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserves (PoR) audit.
Alameda Research Withdrew $204M From FTX US Before Filing For Bankruptcy
Crypto exchanges
November 26, 2022
Arkham Intelligence reported Alameda Research pulled out crypto assets worth $204M from FTX US before filing for Chapter 11 bankruptcy on November 11.
Binance Launches Proof of Reserves System In Line With Its Commitment Towards Transparency
Crypto exchanges
November 26, 2022
Binance launches Proof-of-Reserves in a bid to show transparency. The crypto community reacts to this milestone
Crypto Exchange CoinList Refutes Rumours of Bankruptcy and Insolvency
Crypto exchanges
November 26, 2022
CoinList addresses rumors of insolvency and bankruptcy...Highlights reason for pause in withdrawals.
Bitcoin Assets Worth $1.65B Withdrawn From Coinbase In 2 Days
Crypto exchanges
November 25, 2022
Coinbase recorded the third-highest volume of Bitcoin withdrawals as 100K BTC tokens were pulled out of the exchange in the last 48 hours.
TRON Founder Claims Poloniex May Merge With Huobi In The Future
Crypto exchanges
November 25, 2022
Justin Sun, the founder of TRON (TRX), revealed there is a possibility of crypto exchanges Poloniex and Huobi merging in the future.
Binance Commits $1B As Recovery Fund For Distressed Crypto Companies
Crypto exchanges
November 24, 2022
Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.
Bybit To Aid Institutional Traders By Launching $100M Support Fund
Crypto exchanges
November 24, 2022
Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.
FTX Requests Court To Appoint BitGo As Its Official Custodian
Crypto exchanges
November 24, 2022
FTX filed a motion with the bankruptcy court to allow asset custodian BitGo to safeguard its remaining assets.
Vitalik Buterin Shares Lessons the Crypto Industry can take from FTX’s Collapse.
Crypto exchanges
November 24, 2022
Vitalik Buterin of Ethereum suggests the need for centralized crypto exchanges to adopt cryptographic proof of funds.
Binance Surpasses Coinbase In Holding The Largest Bitcoin Exchange Reserves
Crypto exchanges
November 21, 2022
CryptoQuant's report revealed that Binance’s Bitcoin reserves have hit the 575K mark, thus making it the exchange with the largest BTC holdings.
Liquid Global Halts Trading Days After Suspending Withdrawals
Crypto exchanges
November 20, 2022
Liquid Global has paused its trading services five days after suspending fiat and crypto withdrawals. This action is in accordance with FTX’s Chapter 11 bankruptcy proceedings in the Delaware Courts.
FTX Hacker Converts Over 30K Ethereum Tokens Into Bitcoin
Crypto exchanges
November 20, 2022
The perpetrator behind the recent FTX hack swapped 30,990 Ethereum tokens (worth $36M) for Bitcoin via RenBridge.
FTX Sacks Three High-Ranking Executives
Crypto exchanges
November 19, 2022
A spokesperson for FTX revealed that the firm has fired Co-Founder Gary Wang, CTO Nishad Singh, and Alameda’s CEO Caroline Ellison.
FTX's New CEO Criticizes The Exchange’s Corporate Practices Under Sam Bankman-Fried
Crypto exchanges
November 17, 2022
John Ray III stated that FTX suffered from a complete failure of corporate controls under Sam Bankman-Fried's leadership.
Crypto.com Recovers $990M Exposure From FTX
Crypto exchanges
November 14, 2022
Kris Marszalek reported that Crypto.com only has a $10M exposure to FTX as it was able to recover $990M worth of funds from the now-bankrupt crypto exchange.
Binance To Launch Industry Recovery Fund To Support Troubled Crypto Ventures
Crypto exchanges
November 14, 2022
Binance seeks to set up an Industry Recovery Fund to aid crypto projects that are under the threat of a liquidity crunch.
Kraken Freezes Accounts Owned By FTX And Alameda
Crypto exchanges
November 13, 2022
Kraken has frozen FTX and Alameda Research’s accounts due to the recent events surrounding FTX to protect users’ funds.
Sam Bankman-Fried Resigns As FTX Files For Bankruptcy Protection
Crypto exchanges
November 11, 2022
The curtains have finally come down on the FTX liquidity crisis, with the exchange filing for bankruptcy in Delaware’s Federal Court and Sam Bankman-Fried stepping down as its CEO.
Sam Bankman-Fried Seeks To Raise $4.9B For FTX
Crypto exchanges
November 10, 2022
Sam Bankman-Fried reportedly aims to raise $4.9B from investors and other crypto platforms to aid FTX in escaping its liquidity crisis.
Tether Freezes FTX’s $46M Worth Of USDT Assets
Crypto exchanges
November 10, 2022
Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities.
FTX CEO Publicly Apologizes For Recent Liquidity Crisis
Crypto exchanges
November 10, 2022
Sam Bankman Fried, the CEO of FTX, issued an apology and shed light on the circumstances that led to FTX facing a liquidity crunch.
Binance Publicly Shares Major Asset Holdings To Improve Transparency
Crypto exchanges
November 10, 2022
Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.
Kraken Reports Zero Exposure To Alameda Despite Holding 9K $FTT
Crypto exchanges
November 10, 2022
Kraken stated that it is not affected by the FTX insolvency crisis despite possessing roughly 9,000 FTX Tokens (FTT).
Binance Terminates FTX-Bailout Deal
Crypto exchanges
November 10, 2022
Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.
The trusted provider of rates and financial information
