Charles Schwab Considers Crypto Trading Amid Regulatory Changes
According to Decrypt, Charles Schwab is contemplating entering the spot crypto market as soon as U.S. regulations become clearer. Incoming CEO Rick Wurster expressed regret for not investing in cryptocurrencies earlier but emphasized that the firm is prepared to expand its offerings once regulatory conditions improve. The company already participates in the crypto space through exchange-traded funds and futures, aiming to enhance its services amidst growing competition from platforms like Robinhood Markets.
BitMEX Celebrates a Decade of Secure Operations
CryptoSlate reports that BitMEX has marked ten years of operations without losing any customer coins due to hacks or intrusions. Founded in 2014, BitMEX stands out with an unblemished security record while focusing on professional-grade crypto derivatives trading. Co-Founder Samuel Reed highlighted their guiding principle: "Don't lose the Bitcoin," which has helped them navigate industry challenges such as legal pressures and dynamic market changes.
Binance Launches Verified WhatsApp Channel for Updates
The world's largest cryptocurrency exchange by trading volume, Binance, announced via crypto.news that it has launched a verified channel on WhatsApp for real-time updates about digital assets. This move aims to protect users against misinformation and scams while providing educational resources related to blockchain technology and decentralized finance (DeFi). With this initiative, Binance seeks to bring more people into the digital asset space securely.
An Introduction to Cryptocurrency Exchange Compliance
A detailed article by Chainalysis discusses how compliance remains crucial for maintaining stability within the rapidly expanding world of cryptocurrency exchanges. As centralized exchanges face increasing scrutiny over security risks and regulatory obligations worldwide—such as anti-money laundering measures—it becomes essential they implement robust systems ensuring user trust alongside adhering strictly to evolving standards set forth globally across jurisdictions where these businesses operate.
Bitcoin Nears $100K Following Post-Election Surge
ABC News highlights Bitcoin's recent surge past $98,000 following post-election optimism surrounding potential favorable policies under President-elect Trump’s administration regarding cryptocurrencies. Regulation landscape shifts are expected ahead; however, experts caution investors to remain vigilant given the inherent volatility associated with investments therein. Despite promising developments seen thus far, including the approval of Spot ETFs contributing significantly to driving demand upwards lately too!
Sources:
- Charles Schwab Mulls Crypto Trading, Incoming CEO 'Feels Silly' for Not Buying In
- BitMEX Marks 10 Years as the Longest-Standing Crypto Exchange with 0 Coins Lost
- Coincheck Makes History as First Japanese Exchange Listed on Nasdaq
- Binance announces verified WhatsApp channel for real-time crypto updates
- Introduction to Cryptocurrency Exchange Compliance
- Bitcoin is at the doorstep of $100,000 as post-election rally rolls on
