Category: Exchanges

Contextualizing LMAX Digital’s record-breaking year

Contextualizing LMAX Digital’s record-breaking year

Quick Take Institutional spot exchange LMAX Digital is seeing record volumes as interest soars LMAX Digital has the second-highest monthly volume of all exchanges that support fiat currencies Its average trade size is more than three times higher than the trailing Bitstamp This research piece is available to members of The Block Genesis. You can […]

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Crypto exchange OKEx just tested withdrawals as the service reopens by Friday

Crypto exchange OKEx just tested withdrawals as the service reopens by Friday

Crypto exchange OKEx has just successfully tested a withdrawal transaction, suggesting that the service could indeed resume by November 27, as previously announced. On-chain data analytics platform CryptoQuant first noticed the transaction, where OKEx withdrew 0.02 bitcoin (worth about $370) from one of its wallets. As OKEx gets ready to reopen withdrawals, users could rush […]

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$20 Billion in Crypto Under Custody: Coinbase Sees ‘Explosion of Capital’ From Institutional Investors

$20 Billion in Crypto Under Custody: Coinbase Sees ‘Explosion of Capital’ From Institutional Investors

Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion in Custody Coinbase’s Head of Institutional […]

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A comprehensive regulatory overview of Japan

A comprehensive regulatory overview of Japan

Quick Take Japan continues to build its regulatory framework for digital assets. After difficult years due to heavy-handed regulation in light of several hacks, Japanese cryptocurrency businesses might finally be able to expand at home and abroad. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research […]

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Y Combinator, Pantera join $3 million seed round for new crypto derivatives exchange Globe

Y Combinator, Pantera join $3 million seed round for new crypto derivatives exchange Globe

Globe, a crypto derivatives exchange that is launching in the coming weeks, has raised $3 million in a seed funding round. The round was backed by Y Combinator, Pantera Capital, Tim Draper’s Draper Dragon Fund, and Wavemaker Partners, among others. With fresh capital at hand, Globe looks to launch its trading platform in the “next […]

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How a money laundering crackdown in China is ensnaring crypto OTC trading

How a money laundering crackdown in China is ensnaring crypto OTC trading

Quick Take From the outside, it may appear China is cracking down on crypto OTC trading, but the reality is more complicated. Law enforcement’s crackdown on internet-enabled financial crime has caused widespread fear among Chinese crypto users. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature […]

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Binance says it sued Forbes and two writers for defamation ‘to seek justice’

Binance says it sued Forbes and two writers for defamation ‘to seek justice’

Crypto exchange Binance filed a defamation lawsuit Wednesday against Forbes Media and two of its writers in the U.S. District Court of New Jersey. The lawsuit is in response to a recent Forbes story, penned by the writers Michael del Castillo and Jason Brett, which claimed that Binance “conceived of an elaborate corporate structure designed […]

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BitMEX and founders face yet another lawsuit alleging money laundering and market manipulation

BitMEX and founders face yet another lawsuit alleging money laundering and market manipulation

Beleaguered crypto derivatives exchange BitMEX and its founders are facing yet another lawsuit that alleges racketeering, money laundering, and market manipulation. Păun Gabriel-Razvan, a resident of Bucuresti, Romania, filed the lawsuit in the Northern District Court of California on Friday. He alleges that HDR Global Trading Limited, the operator of BitMEX, the exchange’s founders Arthur […]

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