Bithumb Exchange Reports 57% Annual Loss For 2023
South Korean cryptocurrency exchange Bithumb, reported a 57% decrease in Annual revenue days after announcing a delayed IPO. An April 2 article from Korean news outlet Newdaily stated that the Seoul-based exchange’s annual sales revenue decreased by 57.6% to 1.358 billion Korean won in 2023 from 3.201 billion won in 2022. Although net profit decreased […]
CoinSwitch Launches Lemonn For Traditional Stock Trading
Amid fierce competition from other exchanges such as Groww and Zerodha, CoinSwitch, an Indian exchange, Launches Lemonn. CoinSwitch, a prominent participant in the cryptocurrency exchange sector in India, has recently introduced Lemonn, an innovative stock trading application that expands its portfolio. Lemonn’s establishment represents a calculated reaction to the difficulties encountered by the cryptocurrency sector, […]
Crypto.com Exchange Expands Operation in South Korea
Crypto.com exchange will make its cryptocurrency trading application available to retail investors in South Korea starting April 29 despite heightened crypto regulatory measures. South Korean users will initially have access to over 150 cryptocurrencies and non-fungible tokens (NFTs) via the Crypto.com app. This market segment is crucial to the company’s expansion, according to an April […]
HKVAEX Withdraws License Application to Hong Kong SFC
HKVAEX, a crypto exchange purportedly associated with Binance, withdrew its license application to the Securities and Futures Commission of Hong Kong (SFC) on March 28, nearly three months after the filing. The SFC had established February 29 as the application deadline for operational licenses in the region for all cryptocurrency exchanges. HKVAEX, a cryptocurrency exchange […]
CommEx Crypto Exchange to Shut Down in April
Russian cryptocurrency exchange CommEx, also known as Binance’s successor, has formally declared its closing down in April and has ceased accepting deposits. After acquiring the Russian operations of Binance in September 2023 for an undisclosed sum, CommEx is now dismantling its platform. On March 25, CommEx started its official Telegram group, which abruptly ceased all […]