Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
Gathering all the Republican members of his panel, Patrick McHenry, who serves as the Chair of the House Financial Services Committee, led an inquiry with the SEC and FINRA regarding the distinctive standing of the company.
Data indicates that one token experienced an astonishing 1,200% surge despite its associated project being terminated in May.
The recent Australian investigation targeting Binance employees outside their workplace is just one of many legal challenges confronting the world's largest cryptocurrency exchange.
The exchange has recently made the decision to withdraw from its operations in the United Kingdom, Netherlands, and Cyprus, signaling a strategic retreat.
Starting from July 15th, KuCoin's services will mandate new customers to undergo identification checks.
The exchange expressed dissatisfaction with regulators' 'misleading' public statements regarding Binance's management of customer funds.
The agency's opportunity for public input is coming to an end regarding its proposal to broaden the scope of exchanges, encompassing a significant portion of decentralized finance. However, the crypto sector is expressing its opposition to this expansion.
The SEC has taken action against the exchanges for violating federal securities laws, resulting in a notable surge in user withdrawals. Despite this, the exchanges have successfully conducted transactions in an organized manner up to this point.