As the curtain fell on 2024, Coinbase exhibited notable financial prowess. The company’s fourth-quarter revenue soared to an impressive $2.3 billion, leaving analysts stunned as it outperformed market expectations of $1.87 billion by a significant margin. This figure not only underlined Coinbase’s return to form but also represented an astonishing 88% increase from the previous
Exchanges
The fourth quarter of 2024 proved to be a remarkable period for Robinhood, highlighting a revolutionary shift in the landscape of cryptocurrency trading. The platform reported an astonishing 400% increase in crypto trading volume, soaring to an unprecedented $70 billion. This surge can be attributed to a renewed interest from retail investors amidst Bitcoin’s substantial
CME Group’s recent announcements about its exceptional crypto trading volumes during the fourth quarter of 2024 have sent ripples through the financial landscape. Reported daily trading averages reached approximately $10 billion in crypto futures and options, marking an extraordinary increase of over 300% compared to the previous year. This surge reflects a growing appetite for
In a significant move for the cryptocurrency sector, Crypto.com has announced the launch of its crypto asset services throughout the European Economic Area (EEA). According to a statement shared on social media, the exchange expressed enthusiasm about this expansion, indicating a commitment to enhancing its brand visibility and attracting a broader customer base across crucial
In recent years, the cryptocurrency market has undergone transformative changes, as evidenced by the latest report from CoinGecko. The findings, which assess the trading volumes across centralized exchanges, shed light on an industry that has shown both resilience and adaptation in the face of fluctuating market conditions. As the crypto landscape evolves, understanding the trends
In a notable turn of events, the U.S. Securities and Exchange Commission (SEC) and Binance have entered a joint plea to suspend their ongoing litigation for a period of 60 days. Filed on February 10, this request stems from the SEC’s establishment of a dedicated cryptocurrency task force under the direction of Acting Chair Mark
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is contemplating the possibility of launching an initial public offering (IPO) as early as this year, according to recent reports from Bloomberg News. Industry insiders have revealed that while discussions regarding potential advisers for the IPO are underway, a definitive decision has yet to be finalized.
The fate of WazirX, once India’s leading cryptocurrency exchange, hangs in the balance as its creditors weigh a crucial decision. In the coming weeks, they will vote on a restructuring plan that could allow for compensation by April 2025, or choose a path fraught with risks of protracted losses extending into 2030. This pivotal moment
The recent announcement regarding the disbursement of funds to small creditors by the failed cryptocurrency exchange FTX represents a pivotal moment in an ongoing saga of financial turmoil and mismanagement. Set to commence on February 18, this distribution will provide much-needed relief to those who had their funds trapped in the exchange following its spectacular
In a significant development for the cryptocurrency landscape, Kraken, a well-known digital asset exchange, has successfully obtained a Markets in Financial Instruments Directive (MiFID) license within the European Union. This recent milestone, announced on February 3, allows Kraken to broaden its regulated derivatives offerings throughout crucial European markets. The license was achieved through the acquisition