Exchanges
Kraken closes Abu Dhabi’s office, sacks 8 staff
Kraken discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region.
Oluwapelumi Adejumo 1 min read
Exchanges News
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
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Regulation
Indonesia to have national crypto exchange before June
The Indonesian Trade Minister said five out of the 25 registered crypto exchanges in the country may be part of the national bourse.
Exchanges
South Korean authority arrests Bithumb owner on $50M embezzlement charges
Investigations revealed that Kang Jong-hyun is the brother of Kang Ji-yeon who is the head of Inbiogen-an affiliate that holds about 34.2% stake in Bithumb.
Latest Exchanges News & Analysis
Exchanges
Coinbase denies shutting NFT marketplace amid dwindling use
Coinbase NFT weekly users fell below 500 towards the end of September 2022 and has consistently seen less than 200 weekly users in 2023.
Bear Market
Bittrex, Chainalysis lay off staff as BTC nears $24K
Layoffs continue in the crypto sphere despite increasing BTC prices as Bittrex and Chainalysis lays off 83 and 44 employees, respectively.
Stablecoins
Binance CZ says stablecoin regulation would boost adoption
CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."
Exchanges
BNB chain introduces new web3 storage product ‘BNB Greenfield’
The storage system will use BNB as its native token and will become the third blockchain in the BNB ecosystem that already comprises of BNB Beacon Chain and BNB Smart Chain.
Bankruptcy
FTX Group interim financial update contradicts court filing, shows exchange had $1.43B in cash
Roughly 40% of FTX Group employees have been cut since the end of 2022 as administrators continue to sift through bankruptcy aftermath.
Regulation
UK plans “robust” rules for crypto exchanges
Britain's finance ministry, HM Treasury, will release a set of draft rules on Feb. 1.
