Crypto Exchanges News and Insights

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

Latest News

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. Recovers $990M Exposure From FTX

Kris Marszalek reported that 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.

Binance’s Acquisition Of FTX Causes Crypto Prices To Plummet

The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.

Binance Agrees To Purchase FTX By Signing Non-Binding Letter Of Intent

According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.

Coinbase CEO Disagrees With MAS’ Stance On Retail Access To Crypto Assets

Brian Armstrong voiced his concerns on the crypto onboarding process proposed by the Monetary Authority of Singapore (MAS).

Binance’s Stablecoin Hits All-Time High Market Share Of 15.48%

BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.

FTX To Delist Tokens That It Considers As Securities

Sam Bankman-Fried, the CEO of FTX, said his exchange will stop supporting certain tokens in the US to avoid facing regulatory issues.

Coinbase Adds Zero-Commission USDC Trading Outside The US

Coinbase implemented a commission-free USDC trading service for non-USD currencies to encourage wider adoption of USDC.

Coinbase CEO To Sell 2% Of His Company Stake

Brian Armstrong, CEO of Coinbase, revealed his plans to sell 2% of his company holdings over the next year.

Kraken Hires Gemini Executive As Its U.K. Managing Director

Kraken hired Blair Halliday, Gemini's (former) U.K. Managing Director (MD), act as its U.K. head.

Crypto Exchanges Continue Operating In Russia Despite EU’s Sanctions

Although the EU demanded crypto platforms to suspend their services to Russia, many exchanges have not imposed any restrictions on their Russian users.

Google Teams Up With Coinbase To Enable Cloud Service Payments Using Crypto

During Google's Cloud Next conference, the tech giant announced its partnership with Coinbase to allow certain clients to pay for cloud services using crypto.

Binance Halts BNB Smart Chain Following Over $100M Cross-Chain Bridge Exploit

Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.

Strike Raises $90M To Fund Payment Network Expansion

Strike has raised $90M to fund its network expansion. The money realized from the fundraising led by Ten31 earlier today will be used to revolutionize the credit card industry.

Binance Seeks To Resume Operations In Japan

After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.

CoinFlex Submits Restructuring Proposal

CoinFlex announced a restructuring plan wherein creditors will own 65% of the company. The voting on this proposal will take place over the next week.

Jesse Powell Steps Down As CEO Of Kraken

Jesse Powell, the co-founder of Kraken, announced his plans to step down from his position as CEO. Kraken’s current chief operating officer Dave Ripley will succeed him.

WazirX Joins Binance To Delist USDC And Other Stablecoins

WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.

Binance Loses $20M Worth Of HNT Tokens Due To An Accounting Bug

Binance misallocated over $20M in Helium tokens due to a glitch that caused the platform to count HNT and MOBILE tokens as one.

Wall Street Major Players Partner To Launch EDX Crypto Exchange

Top Wall Street firms have teamed up to create a digital assets exchange to eliminate the complexities of crypto trading. They aim to offer a safer, faster, and more efficient means of trading digital assets.

Huobi To Delist Privacy Tokens Over Regulatory Concerns

Huobi announced its plans to delist seven privacy tokens next week as regulatory firms worldwide crackdown on privacy tools.

WazirX Resumes Operations After ED Unfreezes Its Assets

India's Enforcement Directorate (ED) lifted the sanctions it had earlier imposed on WazirX’s bank accounts, allowing the latter to resume its services.

Coinberry Sues Users After Losing 120 BTC Due To A Software Glitch

Coinberry filed a lawsuit against 50 users who exploited a vulnerability in its software to drain $3M worth of Bitcoin assets.

Binance To Stop Supporting USDC And Other Stablecoins By September 29

In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.

Coinbase Users In Georgia Exploit Price Bug To Net 100x Profit

A decimal point error in Coinbase’s exchange allowed users to cash out their Lari (GEL) assets for a hundred times the market price. 

Binance Freezes Tezos Developer’s Corporate Account Worth $1M

Crypto exchange Binance restricts Tezos developer Baking Bad’s $1M worth of crypto assets over a law enforcement request. Additionally, Binance accuses the Tezos tool contributor of misleading the community with its false claims.

SCB Terminates $500M Deal To Acquire Bitkub

Siam Commercial Bank, Thailand’s oldest bank, discarded its plans to purchase crypto exchange Bitkub in a $500M deal, citing the platform’s unresolved issues with the Thailand SEC as the reason behind pulling out of the agreement.

Zipmex CEO Refuses To Resign Following $50M Loss

Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.

Uniswap Blocks 253 Addresses Over The Past Four Months

Decentralized exchange platform Uniswap blacklists 253 addresses that allegedly interacted with TRM Labs, citing ties to crimes involving stolen funds as the primary reason for the block.

FTX Flags Aztec Protocol, Allegedly Freezes Users’ Funds

Bahamian crypto exchange FTX flags Aztec Network, Aztec Connect, and

Eqonex Shuts Down Crypto Exchange Over Unprofitable Low Fees Competition

Eqonex stated it would focus more on its asset management and custodial services, leaving the crypto exchange in the rearview.

FTX And Paradigm Partner To Launch Crypto Futures Spread Trading

FTX enters a strategic partnership with Paradigm to offer 'one-click' futures spread trading to users.

Uzbekistan Blocks Access To Unlicensed Crypto Exchanges

Authorities of Uzbekistan have begun restricting access to crypto exchanges and trading platforms that are not registered under the nation’s laws.

Binance And WazirX In Dialogue To Resolve Ownership Dispute

Crypto exchanges, Binance and WazirX, are trying to reach an agreement over the ownership disagreement between them.

BitMart Under FTC Investigation Over Security Breach

Crypto exchange firm BitMart is being investigated by the Federal Trade Commission due to a security breach on the platform last year. 

Crypto Exchanges Bitfinex And Hotbit Under Criminal Investigation

Crypto Exchange Platforms Bitfinex and Hotbit face criminal investigation as authorities begin cracking down on these firms. 

Binance To Support Ethereum Merge And May List Fork Tokens

The notable Ethereum “Merge” event could lead to many forks and Binance is open to listing them on the exchange.

Nuri Files For Insolvency As CoinFlex Moves To Restructure

The crypto downturn has forced major crypto exchanges, Nuri and CoinFlex, to file for insolvency and restructuring, respectively.

FTX Strikes Deal To Bring Swaps To Reddit

Crypto giant, FTX, partners with Reddit to integrate swap features on the social platform.