BlackRock, the world’s largest asset manager, has filed for an Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This move comes after BlackRock registered the iShares Ethereum Trust with the Delaware Department of State Division of Corporations. The company had previously filed for a Bitcoin ETF application. BlackRock’s entry […]
Binance, the world’s largest cryptocurrency exchange, is expanding its operations to Thailand with the launch of “Gulf Binance” in 2024. The exchange has partnered with Gulf Innova, a subsidiary of Thai conglomerate Gulf Energy, to establish this new entity. This move marks Binance’s first regulated business in Southeast Asia, as Gulf Binance has obtained a […]
In early 2024, Binance, one of the world’s largest cryptocurrency exchanges, plans to launch a new exchange in Thailand through a joint venture with Gulf Energy Development. The project, known as Gulf Binance, received approval from the Securities and Exchange Commission and is set to launch on an invitation-only basis on November 15, 2023, before […]
Binance, one of the world’s largest cryptocurrency exchanges, is set to launch a new exchange in Thailand in early 2024. The exchange, called Gulf Binance, is a joint venture with Gulf Energy Development, a major energy company in Thailand. Initially, Gulf Binance will be available on an invitation-only basis, with a public rollout planned for […]
The court has finalized the dismissal of a class action lawsuit against BitFinex and Tether after the plaintiffs chose not to appeal the ruling. The lawsuit accused the companies of misleading consumers about the properties of Tether’s stablecoin USDT and falsely disclosing information about its reserves. The plaintiffs claimed that the stablecoin was not backed […]
Kevin O’Leary, the well-known venture capitalist and star of “Shark Tank,” has endorsed M2, a new crypto exchange based in Abu Dhabi. M2 aims to challenge established industry leaders like Binance by focusing on regulation and institutional support. The exchange’s strategy is to become the world’s largest regulated crypto exchange, a departure from the previous […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Asset Service Provider (VASP) License from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Crypto.com to offer regulated virtual asset services such as exchange services, broker-dealer services, management and investment services, and lending and borrowing services. The license is subject to compliance […]
OKX, a prominent crypto exchange firm, has partnered with Komainu and CoinShares to enhance security for segregated institutional crypto trading. The collaboration allows CoinShares to trade institutional assets on the OKX platform while maintaining custody through Komainu. This move is a significant step towards secure institutional crypto trading, emphasizing the importance of safeguarding assets to […]
Hong Kong-based institutional cryptocurrency asset custodian, Hex Trust, has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This regulatory approval allows Hex Trust to offer virtual asset custodial services to institutional clients and investors in Dubai. The company had previously obtained a Minimal Viable Product (MVP) operational license […]
Cryptocurrency exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to promote institutional adoption of digital assets. The collaboration aims to address counterparty risks by enabling round-the-clock trading of segregated assets. CoinShares will execute trades on the OKX exchange, while Komainu will act as a third-party custodian to safeguard the collateral assets. […]
