Crypto Exchanges News and Insights

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

Latest News

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. 

Kraken under investigation by SEC over securities violations

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

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

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

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

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%

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

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

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.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

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

United States Department of Justice takes possession of Sam Bankman Fried’s Robinhood shares.

Binance To Re-Enter South Korea By Acquiring Gopax

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

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

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

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

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

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

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

Binance.US is set to complete the acquisition of bankrupt crypto lender voyager.

OKX Pauses Withdrawals Following Technical Issues With Cloud Service Provider

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

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

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

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

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

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

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

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

Binance might face legal action when DOJ completes its investigation on alleged money laundering.

Crypto.com Releases Its Proof Of Reserves

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

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

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

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

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

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

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

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

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

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

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

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

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

CoinList addresses rumors of insolvency and bankruptcy...Highlights reason for pause in withdrawals.

Bitcoin Assets Worth $1.65B Withdrawn From Coinbase In 2 Days

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

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

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

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

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.

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

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

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

The perpetrator behind the recent FTX hack swapped 30,990 Ethereum tokens (worth $36M) for Bitcoin via RenBridge.

FTX Sacks Three High-Ranking Executives

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

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

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

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

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

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

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

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

FTX CEO Publicly Apologizes For Recent Liquidity Crisis

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

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

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

Binance has pulled out of its agreement to purchase FTX after going through the latter's finances.

Crypto Exchanges Agree With Changpeng Zhao’s Proposal To Publish Proof-Of-Reserves

Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.

Binance Considers Pulling Out Of FTX-Takeover Deal

Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.

Circle CEO Dispels Uncertainty Over Material Exposure To FTX

Jeremy Allaire compared FTX's liquidity crunch to the Lehman Brothers crisis and reassured investors that Circle does not have any exposure to FTX or Alameda Research.