In an era where cryptocurrency exchanges face both regulatory and market volatility, Kraken has remarkably positioned itself as a heavyweight in the digital asset landscape. The latest financial reports reveal that Kraken’s revenue skyrocketed to an astounding $1.5 billion in 2024, marking an impressive 128% jump from the previous year. This extraordinary growth is not
Exchanges
Kraken, a prominent player in the cryptocurrency exchange arena, has made waves by reintroducing its onchain staking services for U.S. clients. This comes after a tumultuous period marked by rigorous regulatory scrutiny that forced the cessation of its previous staking offering. The new service, which allows users in 37 states and two territories to stake
In a surprising move, Gemini, a significant player in the cryptocurrency exchange sector, has declared a ban on hiring graduates and interns from the Massachusetts Institute of Technology (MIT). This decision stemmed from MIT’s recent decision to reappoint Gary Gensler, the contentious former chair of the U.S. Securities and Exchange Commission (SEC), to a faculty
The year 2024 has proven to be a transformative period for centralized cryptocurrency exchanges. According to a report by CCData, Crypto.com has significantly boosted its footprint in the market, contrasting with the downward trends seen in established giants like Binance and OKX. This shift in market share illustrates the ever-evolving nature of the cryptocurrency landscape,
In a significant shift towards compliance, Crypto.com has announced it will delist Tether’s USDT stablecoin by January 31, alongside other tokens like Wrapped Bitcoin (WBTC), DAI, and Pax Dollar (USDP). This decision follows the exchange’s recent alignment with the Markets in Crypto-Assets (MiCA) regulation in the European Economic Area (EEA). Users are permitted to withdraw
Coinbase, a global leader in cryptocurrency exchange, has recently gained the green light to establish its operations in Argentina, following its registration as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV). This strategic move comes at a time when the Argentinian economy is grappling with inflationary pressures and seeks innovative financial
On January 27, 2024, KuCoin, a cryptocurrency exchange founded in 2017 and based in Seychelles, reached a plea deal with the U.S. Department of Justice (DOJ) regarding serious allegations pertaining to its operations in the United States. The settlement comes on the heels of claims that KuCoin operated as an unlicensed money-transmitting business and failed
The cryptocurrency market has witnessed an unprecedented transformation over the last few years, with the advent of numerous new tokens resulting from blockchain innovation. As traditional methods of asset evaluation struggle to keep pace with this rapid expansion, industry leaders are beginning to voice concerns. Brian Armstrong, the CEO of Coinbase, recently took to social
On January 22, Brian Armstrong, CEO of Coinbase, made an important announcement regarding the resolution of pending issues related to Solana transactions. This update came in response to increasing frustration from users over slow processing times that had plagued the platform recently. The delays were particularly cumbersome during periods of heightened trading activity, which sparked
Recent developments have stirred excitement in the cryptocurrency community as the CME Group appears poised to launch futures contracts for popular digital assets such as Solana (SOL) and XRP. The buzz began on January 22, sparked by an X user named Summers, who shared what appeared to be a screenshot from a CME Group testing
