Chinese Bitcoin Mining Giant Ebang Is Launching an Offshore Exchange

The world’s second-largest maker in bitcoin mining equipment hopes launching its own exchange could double total revenue by 2022. In an interview with Bloomberg BNN, CFO Chen Lei confirmed the Hangzhou-based Ebang was planning to launch a regulatory-compliant crypto exchange that would strictly operate outside of China, where the government has cracked down hard on […]

Continue Reading

Thai Bitcoin Exchange Reopens with Enhanced Services

Thailand based bitcoin exchange Bitcoin.co.th has relaunched as a full exchange after months spent offline and in testing, with a focus on security and ease of use, according to its founders. That Thailand has open exchanges at all is significant, given the country’s ongoing reputation in some media as a bitcoin-unfriendly jurisdiction. Bitcoin.co.th went offline […]

Continue Reading

Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds

Poloniex is now crediting trading fees in bitcoin to lenders who lost funds in a May market crash involving the obscure cryptocurrency clams (CLAM). According to an official blog posting, Circle’s Poloniex exchange will cover lost bitcoin funds by covering trading fees in bitcoin. Fees will be covered back from June 6 until an account is […]

Continue Reading

Fidelity Taps ErisX Exchange to Boost Crypto Trading Liquidity

Fidelity Digital Asset (FDA) is signing on as a member of ErisX’s clearinghouse, taking advantage of its central limit order book to provide better liquidity for buy and sell orders. The companies announced the move Thursday, saying it makes ErisX’s spot market available to FDA’s customers. ErisX is the first exchange FDA has onboarded. Terrence […]

Continue Reading

Crypto Exchange OKCoin Appoints New CEO to Drive US Expansion

OKCoin has named its chairman Hong Fong as the cryptocurrency exchange’s new chief executive.  Announced Friday, Fong, who also serves as the company’s chief operating officer, will replace current chief executive Tim Byun from March 31. She will lead an effort to further develop the firm’s crypto trading products for customers in more U.S. states, […]

Continue Reading

Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges

Cryptsy CEO Paul Vernon may have stolen as much as $3.3m from the now-defunct digital currency exchange and destroyed evidence of his illicit actions. That’s according to new court documents from the ongoing class action lawsuit filed against the troubled industry exec. A report from court-appointed receiver James Sallah, published on 2nd August, details efforts to […]

Continue Reading

Another Crypto Exchange Is Dropping Privacy Coin Monero Over Compliance Risk

A Northern European digital assets exchange is to delist the privacy-focused monero cryptocurrency to align with international anti-money-laundering standards. Estonia-based BitBay announced Monday that monero (XML) will no longer be tradeable from Feb. 19, 2020. However, the crypto exchange is to cease deposits of XML as of this Friday, Nov. 29, and will block withdrawals […]

Continue Reading

Former JPMorgan Exec Joins Binance as Latin American, European Director

Former Huobi counsel and regional director Josh Goodbody is shifting to a similar role at Binance, one of the world’s largest crypto exchanges by trading volume. Goodbody comes aboard as the exchange’s new director of European and Latin American Growth and Institutional Business, Binance announced Thursday. He was most recently head of Europe and the […]

Continue Reading

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team “felt the time was right […]

Continue Reading

Kraken Acquires One of Australia’s Longest-Running Crypto Exchanges

U.S.-based Kraken announced its plans for expansion into the Asia-Pacific (APAC) region on Tuesday after acquiring one of Australia’s longest-running cryptocurrency exchanges, Bit Trade. Kraken is aiming to position itself as the premier cryptocurrency service within the region, identifying Australia as a key growth area for retail and institutional clients. The financial terms of the […]

Continue Reading