In a landmark move aimed at expanding its user base, cryptocurrency exchange Bybit announced on September 24 the launch of an Islamic crypto account designed specifically for Muslim traders. This initiative reflects a growing trend in the fintech industry to create products that align with the values and principles of diverse religious communities. Bybit’s CEO,
Exchanges
Binance, one of the leading cryptocurrency exchanges since its inception in 2017, has recently achieved a remarkable feat: processing over $100 trillion in trades. This milestone, announced by CEO Richard Teng on social media, underscores the platform’s significant position within the crypto landscape. To put this achievement into perspective, the trading volume handled by Binance
Ethena Labs, known for its groundbreaking synthetic asset, USDe, is at a pivotal moment in its journey. As the cryptocurrency landscape evolves, the developer has put forward a proposal that aims to enhance the utilization and adoption of USDe by launching a decentralized exchange known as Ethereal. This innovative move reflects the community’s desire to
Bithumb, recognized as South Korea’s second-largest cryptocurrency exchange, has set its sights on an initial public offering (IPO) in the United States. During a shareholders meeting on September 30, the firm announced its intentions to explore the feasibility of a Nasdaq listing potentially taking place in the latter half of 2025. This decision comes as
As the landscape of digital currencies evolves, regulatory bodies worldwide are increasing their scrutiny over cryptocurrency platforms. Notably, Kraken, one of the premier cryptocurrency exchanges, has declared that it will cease support for Monero (XMR) within the European Economic Area (EEA). The decision, announced on October 1, 2024, is a reflection of the tightening regulatory
Gemini, one of the prominent cryptocurrency exchanges, has made a significant decision to terminate its operations in Canada by the end of 2024. According to an email dispatched to its customers on September 30, this closure will affect all Canadian accounts, mandating users to withdraw their assets within a 90-day timeframe. This unexpected announcement has
The downfall of the FTX cryptocurrency exchange represents one of the most shocking events in financial history, and at the center of this turbulent narrative is Caroline Ellison, the former CEO of Alameda Research. Recently sentenced to two years in prison and ordered to forfeit $11 billion, Ellison’s case stands as a compelling examination of
In July, WazirX, one of India’s prominent cryptocurrency exchanges, faced an unprecedented crisis following a massive cyberattack that saw $230 million siphoned from its coffers. This incident not only raised eyebrows regarding the security protocols in place but also thrust the company into turmoil, pressing it to seek immediate remedies. In an attempt to stabilize
As the cryptocurrency landscape continues to expand and diversify, finding the right platform to engage in buying and selling digital currencies has become increasingly crucial. With numerous exchanges vying for your attention, it can be challenging to pinpoint not only the most reliable platforms but also those offering optimal exchange rates and features that cater
The cryptocurrency industry is rapidly evolving, with varied growth rates across different nations. Among these nations, the United Arab Emirates (UAE) stands out as a significant player, showcasing remarkable and well-rounded growth across various transaction size brackets. This expansion can be attributed to a fusion of factors, including regulatory advancements, heightened institutional interest, and a
