Hong Kong-based cryptocurrency asset custodian Hex Trust has received regulatory approval to offer virtual asset custodial services to institutional clients and investors in Dubai. The company, which already had a minimal viable product (MVP) operations license, has now obtained a full virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This […]
Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets, aiming to promote institutional adoption of digital assets. CoinShares will trade on the OKX exchange, while Komainu will hold the collateral assets as a third-party custody provider. This arrangement helps mitigate counterparty risks in trading […]
Crypto exchange and wallet provider Blockchain.com has recently closed a $110 million Series E financing round, led by UK-based venture capital firm Kingsway Capital. This investment has resulted in a significant decrease in the company’s valuation, which now stands at less than half of its previous $14 billion valuation from March 2022. Other participants in […]
BC Technology Group, the parent company of OSL, a publicly listed crypto exchange, has received a strategic investment of HK$710 million (approximately $90 million) from BGX, the operator of the BitgetX platform. This investment involves a subscription for shares in BC Technology Group and is subject to approval from BC Technology shareholders. The CEO of […]
Crypto.com, a leading cryptocurrency exchange, has been granted a Virtual Assets Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com to offer a range of services, including exchange, brokerage, asset management, investment, and lending, to both retail and institutional clients. The company expressed its gratitude for being one of […]
Uniswap Labs has released an Android mobile wallet app on the Google Play store, allowing users to make swaps through the decentralized exchange (DEX) directly within the app. This eliminates the need for a separate web browser extension. The app was initially released in a closed beta in October, but now the Android version is […]
In a significant development, Crypto.com, based in Dubai, has obtained regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license from the city’s regulatory authority. This milestone highlights Crypto.com’s commitment to regulatory compliance and positions the platform as a key player in meeting the growing demand for virtual asset services in Dubai’s […]
The dYdX Chain has reached a significant milestone with the launch of its beta mainnet, allowing active trading across 33 markets. Users can now trade on the dydx.trade platform with up to 20x leverage. However, there will be no trading rewards during this beta stage. This transition follows a governance vote with overwhelming community support. […]
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Assets Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com’s Dubai exchange to engage in specific crypto services. This milestone signifies a significant step for Crypto.com in offering regulated digital asset services and solidifies Dubai’s position as […]
A significant development has occurred in the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance entities, including CEO Changpeng Zhao. The US court has approved a protective order that governs the production, use, and disclosure of information and materials related to the SEC vs. Binance lawsuit. This protective order aims […]
