The Markets in Crypto-Assets (MiCA) regulation by the EU aims to tighten the digital asset market, impacting not just EU companies but global firms involved with Euro transactions. As stablecoin rules took effect in June, firms are already adjusting to these sweeping changes. Interestingly, the data from Kaiko spotlights a dramatic drop in new exchange listings, from 9% growth during Bitcoin's 2021 bull run to a mere 3%. Diving deeper, specific exchanges reveal intriguing trends. For instance, Binanceโs active trading pairs are 14% below their peak. What exactly caused this decline and the ripple effects on...
New exchange listings suffer due to regulatory pressure in EU New exchange listings suffer due to regulatory pressure in EU
Regulatory pressures from both the EU and US lead to a noticeable decline in new crypto exchange listings.
3 min read
Updated: Jul. 10, 2024 at 11:23 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Bybit
Bybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Binance.US
Binance.US will provide secure and reliable cryptocurrency trading to users in the United States.