In a stunning display of financial prowess, Kraken has reported a revenue jump to $1.5 billion in 2024, marking an impressive 128% increase from its previous year’s earnings. This remarkable performance underscores the exchange’s ability to navigate the turbulent waters of the cryptocurrency market effectively. With over $42.8 billion in customer assets locked in its
Exchanges
Kraken, a prominent cryptocurrency exchange, has made a significant comeback by launching a new onchain staking service tailored for its US clients. This development follows a period of regulatory setbacks that forced the platform to pause staking services. As detailed in their announcement on January 30, users located in 37 states along with two territories
In a striking move, Gemini, one of the leading cryptocurrency exchanges in the United States, has announced it will no longer hire graduates or interns from the Massachusetts Institute of Technology (MIT). This decision stems from the university’s recent re-engagement with Gary Gensler, the former chair of the U.S. Securities and Exchange Commission (SEC). This
The cryptocurrency exchange landscape has undergone significant changes as we head into 2024. A recently released report by CCData highlights the increasing competition among centralized exchanges, with Crypto.com expanding its foothold while established players like Binance and OKX experience a downturn. This shift not only reflects changing user preferences but also the broader market dynamics
The cryptocurrency landscape is changing rapidly, particularly in response to new regulations mandating more stringent compliance standards. A significant development occurred when Crypto.com announced its intention to delist Tether’s USDT stablecoin and nine other tokens by the end of January 2024. This strategic decision marks an important shift in the exchange’s operations as it seeks
In a significant development for the cryptocurrency landscape in South America, Coinbase has officially secured the green light to introduce its services in Argentina. The company has achieved this milestone by being registered as a Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina, as announced on January 28. This approval
KuCoin, a prominent cryptocurrency exchange founded in 2017, recently faced significant legal repercussions due to its operations in the United States. On January 27, 2024, the company entered a guilty plea with the U.S. Department of Justice (DOJ) for running an unlicensed money-transmitting business. The settlement requires KuCoin to exit the U.S. market for an
Brian Armstrong, the CEO of Coinbase, has recently highlighted an urgent need for reform in how cryptocurrencies are listed. His call to action resonates deeply within an industry experiencing surging innovation and a staggering increase in new tokens. Recent advancements in blockchain technology have led to an exponential proliferation of digital assets, with approximately one
Brian Armstrong, the CEO of Coinbase, recently took to X (formerly known as Twitter) to inform users that the platform has effectively resolved ongoing delays related to Solana transactions. This announcement comes in response to increasing frustrations among users who have been facing sluggish processing times. In his statement, Armstrong not only confirmed that Solana
Recent discussions in the cryptocurrency community have centered around the potential launch of futures contracts for popular digital assets, Solana (SOL) and XRP, by CME Group. As of now, these prospects remain unconfirmed, prompting both intrigue and skepticism amongst investors and traders alike. The anticipation is fueled by social media leaks suggesting a scheduled pre-launch
