Crypto.com Rises to the Top of Global Exchanges
According to Fortune, Crypto.com has rapidly ascended to become one of the world's leading cryptocurrency exchanges. This sudden rise has left competitors puzzled about the strategies behind its success. The platform's growth trajectory has been described as unprecedented, with no clear explanation from industry insiders. For more details, visit the original article on Fortune's website: https://fortune.com/crypto/2025/03/11/crypto-com-exchange-growth/.
Kraken Prepares for 2025 IPO Amid Regulatory Shifts
Benzinga reports that cryptocurrency exchange Kraken is gearing up for an initial public offering (IPO) in 2025. The company, which saw its revenue double to $1.5 billion in 2024, is capitalizing on a more favorable regulatory environment under President Donald Trump's administration. Kraken has emphasized its commitment to transparency and plans to align its public market entry with the interests of its stakeholders. Read the full report on Benzinga's website: https://www.benzinga.com/markets/cryptocurrency/25/03/44217932/crypto-exchange-kraken-sets-sights-on-2025-initial-public-offering.
Bahrain-Based ATME Enters $1.2 Billion Tokenized Gold Market
CoinDesk highlights that ATME, a Bahrain-regulated crypto exchange, has launched its first tokenized real-world asset in the form of gold-backed tokens. Each token represents one kilogram of gold, which can be traded or redeemed for physical gold. The tokenized gold market, currently valued at $1.2 billion, is experiencing a surge in activity as gold prices reach record highs. ATME plans to expand its offerings to include other asset classes. For more information, visit CoinDesk's article: https://www.coindesk.com/business/2025/03/11/bahrain-regulated-crypto-exchange-enters-usd1b-tokenized-gold-market-as-rwa-demand-grows.
Ominous Bitcoin Transfer Raises Eyebrows
Investing.com reports a mysterious transfer of 666 Bitcoin (BTC), valued at approximately $54.29 billion, to the ByBit exchange. The transaction, flagged by Whale Alert, has sparked speculation due to the symbolic nature of the number 666. Following the transfer, Bitcoin's price dropped below $80,000, raising concerns among traders. The sender's wallet still holds 59,699 BTC, worth about $4.73 million. Read the full story on Investing.com: https://www.investing.com/news/cryptocurrency-news/ominous-666-bitcoin-btc-transfer-stuns-major-crypto-exchange-3921825.
U.S. Secret Service Shuts Down Russian Exchange Garantex
FinanceFeeds reports that the U.S. Secret Service has seized the domains of Russian crypto exchange Garantex over allegations of money laundering. The exchange, which facilitated over $100 million in illicit transactions, was a hub for ransomware gangs and darknet markets. Approximately $26 million in Bitcoin transactions linked to the exchange have been frozen. This action underscores the global effort to combat illegal activities in the crypto space. For further details, visit FinanceFeeds' article: https://financefeeds.com/u-s-secret-service-seizes-russian-crypto-exchange/.
Sources:
- Crypto.com is suddenly one of the world’s top exchanges. Its competitors can’t figure out how it got there
- Crypto Exchange Kraken Sets Sights On 2025 Initial Public Offering
- Bahrain-Regulated Crypto Exchange Enters $1B Tokenized Gold Market as RWA Demand Grows
- Ominous 666 Bitcoin (BTC) Transfer Stuns Major Crypto Exchange By U.Today
- Coinbase Stock Has Tumbled. The Selloff Looks ‘Overdone.’
- U.S. Secret Service Seizes Russian Crypto Exchange Garantex Over Alleged Illicit Activities
