Binance.US, one of the leading cryptocurrency exchanges in the United States, is embarking on a significant transition. Prompted by regulatory pressures, the platform has made the strategic decision to become a crypto-only exchange, replacing USD with USDT (Tether) as its base asset. This move comes as a direct response to the suspension of USD channels
Exchanges
EDX Markets, a leading institutional crypto exchange, has announced its strategic partnership with Anchorage Digital, a regulated crypto platform. The collaboration aims to strengthen the clearinghouse division of EDX called EDX Clearing, bridging the gap between traditional finance markets and the digital asset ecosystem. Jamil Nazarali, CEO of EDX, stated the importance of this partnership
In a recent court filing, BAM Trading, the operating company of Binance U.S., and BAM Management expressed their concerns over the U.S. Securities and Exchange Commission’s (SEC) “troubling and inappropriate” abuse of information requests. The SEC is demanding the production of “all communications” from at least six employees and executives of BAM, dating back to
Cryptocurrency exchange Coinbase has officially announced its expansion into the Canadian market, marking a significant milestone in its global expansion efforts. Through a strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group, Coinbase will now offer its services to Canadian users. Interac Payment Rails One of the key highlights of this partnership
In a recent development, six law scholars have filed an amicus brief to support Coinbase, a leading cryptocurrency exchange, against the U.S. Securities and Exchange Commission (SEC). This legal document has been hailed as “devastating” for the SEC by crypto lawyer James Murphy. The amicus brief, filed by renowned professors from prestigious law schools such
Binance Labs has announced a $5 million investment in Curve DAO Token (CRV) in an effort to support the decentralized finance (DeFi) platform following a recent attack. The collaboration aims to provide strategic backing to Curve and expand its deployment on the Binance-associated blockchain, BNB Chain. Yi He, Co-Founder of Binance and Head of Binance
In a groundbreaking turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer-2 network, Base, have exceeded the trading volume of established layer-1 networks such as Cardano (ADA) and others in less than 24 hours since its public launch. This significant achievement has been revealed by data from DeFiLlama, showcasing the growing prominence of
Reports have emerged that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in talks with federal prosecutors that could lead to his guilty plea on criminal charges related to the collapse of the crypto exchange. Although these negotiations have been referred to as a plea deal, it remains unclear
Cryptocurrency exchange Huobi has announced that it will soon list PayPal’s newly launched stablecoin, PYUSD. In a statement released on August 8th, Huobi stated that it will be the first exchange to support the launch of PYUSD and will offer PYUSD/USDT trading pairs with no trading fees permanently. However, the exchange did not provide a
Over the weekend, the crypto community was abuzz with speculations about the financial health of Huobi, one of the leading cryptocurrency exchanges. The platform has been experiencing continuous outflows from its total locked-up value (TVL), with the figure dropping from $3 billion in July to $2.4 billion. Such a significant decrease has sparked concerns among