Hong Kong Crypto Exchange Licenses Cost
Hong Kong crypto exchange licenses are costing applicants several million dollars, a far cry from the $25 million witnessed a year ago. According to Livio Wang, chief operating officer of HashKey Group, the crypto exchange licenses cost “not necessarily tens of millions of dollars, but certainly tens of millions of Hong Kong dollars [several million […]
Crypto Exchange OKX Launches in Netherlands Amid Binance Exit
Crypto exchange OKX introduces crypto exchange and Web3 wallet services in the Netherlands, reclaiming the market share that Binance has lost. OKX, the third-largest cryptocurrency exchange and a competitor to Binance, announced Monday that it has expanded to the Netherlands. OKX will provide a crypto exchange and Web3 wallet services in the country, granting consumers the ability to […]
Coinbase Files Closing Brief in SEC Rulemaking Denial Lawsuit
Coinbase’s closing brief in the Third Circuit challenges the US SEC’s denial of the CEX’s Web3 regulation petition. Coinbase, a prominent cryptocurrency exchange, has filed its closing brief in a legal action challenging the Securities and Exchange Commission (SEC). The legal dispute revolves around the SEC’s rejection of Coinbase’s rulemaking petition, which the exchange contends is […]
Hidden Road Halts Client’s Access to ByBit Exchange
Hidden Road, a brokerage firm sponsored by Citadel, has formally restricted its clients’ access to the ByBit exchange, citing KYC verification policies and AML regulations. As reported by Bloomberg, a divergence in Know Your Customer (KYC) verification protocols and Anti-Money Laundering (AML) regulations between Hidden Road and ByBit led to the restriction on services. ByBit […]
HTX Exchange Surpasses Coinbase in Spot Trading Volumes
HTX exchange, formerly known as Huobi, has surpassed United States-based exchange Coinbase in spot trading volumes. On May 27, X was on hand to report that the global HTX exchange had, for the first time, surpassed Coinbase in terms of spot trading volume. Tron founder and HTX adviser and significant asset holder Justin Sun made […]