Coinbase Global Inc., the leading US cryptocurrency exchange, has showcased remarkable financial performance in the second quarter of the year, driven by the ongoing recovery in the cryptocurrency market. This article delves into the financial details, revenue streams, and strategic…
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Coinbase faces challenges and opportunities in Q2 results
Coinbase Global Inc. is navigating a challenging landscape as it prepares to release its second-quarter results. Despite expectations for significant revenue growth and a jump in profit, the largest US cryptocurrency exchange faces hurdles due to a drop in market…
Coinbase Unit Fined £3.5 Million for Compliance Failures by FCA
A unit of Coinbase Global Inc., CB Payments Limited, was fined £3.5 million ($4.5 million) by the UK’s Financial Conduct Authority (FCA) for offering cryptoasset trading services to high-risk customers. This marks the first action of its kind from the…
Kraken Expands Custody Services to UK and Australia
Kraken, a prominent cryptocurrency exchange, has made significant strides in expanding its custody services to cater to institutional clients in the UK and Australia. This strategic move builds on the successful launch of Kraken Custody in the U.S. earlier this…
Coinbase Selected by US Marshals Service for Digital Asset Management
After an exhaustive evaluation process, the U.S. Marshals Service (USMS), a pivotal division within the U.S. Department of Justice, has chosen Coinbase Prime as its exclusive partner for managing and trading “Class 1” (large cap) digital assets. This partnership underscores…
Sony Enters Crypto with Amber Japan Acquisition and S.BLOX
In a strategic move to enter the cryptocurrency exchange market, Sony, through its subsidiary Quetta Web, acquired Amber Japan in 2023. Amber Japan, formerly known as DeCurret, was rebranded by Amber Group, a Singapore-based entity, in 2022. With this acquisition,…
FTX Customers to Vote on Billion Dollar Repayment Plan
FTX, once a titan in the cryptocurrency exchange world, now faces a pivotal moment in its bankruptcy saga. The next few weeks will be crucial for the customers of the failed exchange as they vote on a compensation plan designed…
Bybit Becomes Second-Largest Crypto Exchange Globally
Bybit rise to the second-largest cryptocurrency exchange globally, overtaking Coinbase, is a testament to its strategic initiatives and market adaptability. Key factors include the successful launch of spot Bitcoin ETFs in the US, competitive trading fees, and a broad range…
Crypto Exchange Gemini Agrees to $50 Million Payout in Legal Settlement
The cryptocurrency market has been fraught with various legal battles, regulatory scrutiny, and investor skepticism. One of the latest developments involves Gemini Trust Co., a well-known crypto exchange, and its controversial Gemini Earn program. This article delves into the details…
Binance New CEO, Richard Teng Leads Remarkable Growth in 2024
In 2024, Binance Holdings Ltd. has seen remarkable growth under the leadership of its new CEO, Richard Teng. This year has indeed turned out to be a landmark one for the crypto industry, marked by increased regulatory clarity, mainstream adoption,…