News with the tag "News Bytes - 5"

Kraken has announced an agreement to acquire Ninjatrader, the U.S. retail futures trading platform, for $1.5 billion, subject to certain purchase price adjustments. This acquisition accelerates its multi-asset-class ambitions, which include plans for equities trading and payments. Founded in 2003, N...

Utila has announced the successful completion of an $18 million Series A funding round, led by Nyca Partners, to enhance its institutional digital asset operations platform. The company, which has processed $35 billion in digital asset transactions over the past 18 months, aims to scale its global o...

The Singapore Exchange (SGX) is set to make a significant entry into the cryptocurrency derivatives market by introducing bitcoin perpetual futures in the second half of 2025, as reported by Bloomberg. This strategic move aims to cater to the rising institutional interest in digital assets, providin...

Kraken has announced that it has officially secured an Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA). This milestone is set to accelerate Kraken’s growth plans in the U.K. and enable the launch of new products and services tailored to the needs of...

The Cayman Islands has updated its cryptocurrency regulatory framework with the introduction of new licensing rules set to take effect on April 1, 2025. Under the recently approved Virtual Asset (Service Providers) (Amendment) Regulations, 2025, all entities offering virtual asset custody and tradin...

In a recent social media post, former Coinbase CTO Balaji Srinivasan outlined ten compelling reasons against the implementation of tariffs in the United States, advocating instead for deregulation. He argues that tariffs primarily protect the domestic market but fail to significantly impact countrie...

The U.S. dollar may soon lose its safe-haven status as global markets adjust to a rapidly changing geopolitical landscape, according to Deutsche Bank. George Saravelos, the bank’s global head of FX strategy, stated, “The speed and scale of global shifts is so rapid that this needs to be acknowledged...

Cryptocurrency exchange Uphold has announced the relaunch of its staking services in the United States after dropping the service back in 2023. Following the resumption of staking in the United Kingdom earlier this year, Uphold’s US customers can now earn staking rewards on 19 crypto assets, includi...

Ripple has announced upcoming features for the XRP Ledger (XRPL) aimed at enhancing institutional decentralized finance (DeFi). Key developments include expanded compliance functions, a new lending protocol that integrates with Ripple Payments and decentralized exchanges, and the introduction of Mul...

Dekabank, a prominent German investment bank, has reportedly launched cryptocurrency trading and custody services for institutional clients after nearly two years of development. This move comes after receiving regulatory approval for a crypto custody license from the Federal Financial Supervisory A...