Crypto Exchange

Crypto exchange Kraken freezes multibillion-dollar IPO plan due to difficult market conditions
Kraken's parent company filed a draft S-1 registration statement with the SEC in November regarding the proposed initial public offering of its common stock.

South Korea fines Bithumb $24 million, orders 6-month partial suspension over money laundering violations
The fine stems from approximately 6.65 million violations related to KYC and transaction restrictions.

Crypto broker Bitpanda bets on banks and tokenization to expand globally ahead of IPO plans
The Vienna-based crypto broker eyes emerging markets, teaming up with institutions rather than competing with local exchanges, said Vishal Sacheendran, VP of global markets strategy and operations.

Crypto platform Bullish climbs past Coinbase to become third-largest crypto exchange by spot volume
The institutional-focused exchange saw spot trading jump 62% to $76 billion in February, surpassing Coinbase’s market share.

Binance sues Wall Street Journal as newspaper says U.S. Dept. of Justice is investigating Iran transactions
The situation adds pressure to Binance, which is already operating under a compliance monitor following its $4.3 billion anti-money laundering and sanctions settlement in 2023.

Gemini to exit U.K., EU and Australia, reduce staff by 25%, and focus on U.S. and prediction markets
The crypto exchange has instructed affected customers to sign up with eToro by the end of March for withdrawals, while deposits and new accounts have been suspended.

Crypto exchange WhiteBIT flagged by Russia as 'undesirable' over support for Ukraine military
WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.

Crypto exchange OKX cuts institutional staff amid global restructuring
The exchange has overhauled its institutional business as part of a broader restructuring, with approximately one-third of its sales team exiting, according to one source.

$110 billion in crypto left South Korea in 2025 owing to strict trading rules
While South Korean financial officials acknowledged the need for new rules, disagreements over stablecoins delayed a broader crypto framework.

Bullish Upgraded to Buy by ClearStreet as Exchange Gains Market Share, Expands Into U.S.
Analyst Owen Lau cites Bullish’s global growth, new options platform and improving sentiment despite a lower price target.

