FTX says most customers will get all their money back less than 2 years after crypto fraud crisis | CBC News
FTX customers expected to receive back owed money, some more; interest payment included. Cryptocurrency value increased since FTX's collapse, leading to diminished losses for investors. [ more ]
Coinbase Launches Spot Trading of Bitcoin and Ether Outside the U.S.
Crypto exchange Coinbase is expanding its global presence by offering spot trading for cryptocurrencies outside of the U.S.
Institutional customers can now trade bitcoin and ether against the USDC stablecoin on Coinbase's international exchange, while retail investors will have to wait. [ more ]
Setting up a cryptocurrency exchange is a promising idea for entrepreneurs due to the widespread adoption of cryptocurrency.
Analyzing market trends, applying regulatory frameworks, and defining exchange objectives are crucial steps in building a successful crypto exchange. [ more ]
Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain's BBVA
Switzerland has established a new cryptocurrency exchange for banks called Rulematch, which has already onboarded seven banks and large securities firms including BBVA.
Rulematch aims to provide institutional participants with an anonymous central-limit-order book, fast execution times, and integrated post-trade settlement. [ more ]
Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network. [ more ]
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CBOE to Launch Margined Bitcoin Futures Trading in 2024
The Chicago Board Options Exchange (CBOE) plans to open a cryptocurrency-native exchange and clearinghouse that offers margin trading and leveraged derivatives among other products.
CBOE aims to provide an intermediary-inclusive model with separation of duties to avoid conflicts of interest in its offerings.
The exchange also plans to introduce physically delivered products pending regulatory approval. [ more ]