Binance Spot Trading Volume Declines Consecutively for 7 Months
Binance exchange has continued to lose market share due to ongoing regulatory issues in the United States, with evidence in spot trading volume reportedly declining 7 months in a row. Binance’s spot market share declined for the seventh consecutive month in September 2023, Bloomberg reported on October 5, citing CCData’s analysis. According to the report, […]
CommEx Denies CZ Involvement In Binance Russia Purchase Deal
CommEx, Binance Russia’s mysterious buyer, has continued to deny Binance’s ownership involvement, although it has onboarded some ex-Binance employees. On September 29, CommEx reminded the community in an open letter that the company is not owned by Binance, which proclaimed its exit from Russia by selling it to CommEx. “Although we do not disclose our […]
Crypto.com Becomes Official Exchange for PayPal USD
Crypto.com exchange has partnered with PayPal and Paxos to become the most popular platform for PayPal USD (PYUSD). According to a press release from September 28th, Crypto.com has the most liquid PYUSD trading pairs in the world. The exchange has listed PYUSD for retail and institutional traders, and “trading features are coming soon.” According to […]
Crypto Exchange SDX Adds Regional Swiss Bank
Hypothekarbank Lenzburg, a local Swiss bank with over $7 billion in assets, joined Six Digital Exchange (SDX) as the sixth Swiss bank. Other Swiss banks, including Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank , UBS, and Zürcher Kantonalbank, have been integrated into SDX’s parent company, Six Group. After joining SDX’s central securities repository, Hypothekarbank Lenzburg […]
Crypto Exchange Gemini to Invest $24 Million in India Hub
Gemini disclosed its intention to invest a substantial amount of INR 200 crore, equivalent to $24 million USD. Despite the complex legal environment, Gemini, a cryptocurrency exchange co-founded by the Winklevoss twins, intends to increase its presence in India. The New York-based cryptocurrency exchange stated in a blog post on Tuesday, Sept. 26 that it […]