Exchanges


Finance

New Binance CEO Evasive in First Marquee Interview Since Getting One of the Biggest Jobs in Crypto

Richard Teng, who just took over from founder Changpeng "CZ" Zhao amid a $4.3 billion legal settlement, didn't give specific answers to simple questions asked by the moderator when asked where the exchange is headquartered or who the exchange's auditor is.

Binance CEO Richard Teng speaks in an interview at the Financial Times' Crypto and Digital Assets Summit in London. (CoinDesk/Lyllah Ledesma)

Markets

'Mysterious' Address That Added 10K Bitcoin Is Just a New BitMEX Wallet

BitMEX is internally transferring its bitcoin holdings to a newer wallet type, according to on-chain firm CryptoQuant.

(Autumn_ schroe/Unsplash)

Finance

Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan

The settlement will significantly reduce the potential systemic risk emanating from a hypothetical collapse of the crypto exchange, the report said.

Gavel striking a block against a background of a U.S. dollar bill

Finance

Binance Will Retain Its International Dominance After U.S. Settlement: Bernstein

The deal also removes the final hurdle before approval of a spot bitcoin ETF, the report said.

Two large stacked blocks displaying Binance's logo at a trade show.

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Opinion

Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ’s Ousting?

The "historic" settlement with the DOJ, CFTC and U.S. Treasury many finally allow the firm to come into compliance. But if it does, can the world's largest crypto exchange still grow?

Changpeng Zhao

Finance

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

BlockFi CEO Zac Prince (right) (Danny Nelson/CoinDesk)

Finance

Former FTX, Alameda Executives to Start New Crypto Exchange: WSJ

Former FTX general counsel Can Sun, who was a key witness in the Sam Bankman-Fried trial, and former Alameda Research software developer Armani Ferrante are building a Dubai-based exchange called Backpack Exchange.

Can Sun, former FTX general counsel, leaves a New York courthouse after testifying against Sam Bankman-Fried on Oct. 19, 2023. (Nik De/CoinDesk)

Finance

Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report

Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.

Bithumb (Shutterstock)

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Finance

Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data

Poloniex investor Justin Sun confirmed the exploit, saying the exchange will reimburse affected users and offering a "white hat bounty" to the hacker.

Hacker (Towfiqu Barbhuiya/Unsplash)

Opinion

Can Bank-Backed Exchanges Solve Crypto Trading’s Trust Problem?

Platforms built for crypto-native investors have an edge over latecomers, though the industry is embracing "institutional-grade" standards, Dr. Bo Bai writes.

(Shutterstock/Jonathan Weiss, modified by CoinDesk)

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