Kraken is aiming for growth ahead of its anticipated initial public offering (IPO) as the crypto exchange considers raising as much as $1 billion in debt, Bloomberg reported, “citing sources with knowledge of the matter.” Wall Street Giants Involved Although the San Francisco-headquartered crypto exchange is working with Goldman Sachs and JPMorgan Chase to raise…
Press Release In the rapidly evolving digital asset industry, trust, security, and regulatory compliance are the cornerstones of a reliable cryptocurrency exchange. Cetbit has established itself as a global leader in crypto trading, providing a fully licensed and transparent platform that meets the highest industry standards. With millions of traders worldwide relying on its services,…
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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a…
Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.5 years behind bars,…
Deribit, a platform known for offering cryptocurrency options trading, will launch spot and derivatives trading in the UAE on January 1, 2025, migrating all activities to the Dubai-based entity. It plans to transfer USD 50 billion in open interest to its Dubai entity. Moving to Dubai The announcement, made today (Friday), follows Deribit FZE receiving…
Crypto exchanges are crucial for trading digital currencies. There are three main types: centralized (CEX), decentralized (DEX), and instant cryptocurrency exchanges. Each has its benefits and fits different trading needs, offering a unique set of features tailored to various user preferences. Centralized Exchanges (CEXs) CEXs are the most common type of crypto exchange, renowned for…
Market analytics platform Arkham Intelligence is announcing the launch of a new spot trading exchange. In a new thread on the social media platform X, the crypto intelligence firm says it plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham notes that some US users…
Layer-1 blockchain Kaia (KAIA) is dipping in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s added the Ethereum Virtual Machine (EVM)-based digital asset to its suite of products starting on October 31st. “Binance is excited to announce that Kaia will…
A crypto exchange tied to Silk Road and alleged money laundering schemes now has its operator facing serious federal charges and prison time. Silk Road Connections Resurface as DOJ Targets Crypto Tycoon in $30M Scandal The U.S. Department of Justice (DOJ) announced on Monday that a federal grand jury in Indianapolis has indicted Maximiliano Pilipis,…