Coinbase offers 'thousands of tokens' in expanded swap service

Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet which will give traders far greater access to tokens that are not listed on the Coinbase exchange. America’s largest crypto exchange Coinbase has added the BNB Chain (formerly Binance Smart Chain) and Avalanche to the Coinbase Wallet’s list of supported networks where users can swap and store cryptocurrencies.The May 24 blog post from the exchange boasts that the added functionality will provide access to “thousands of tokens” which constitute a “greater variety than most traditional centralized exchanges can offer.”One Wallet.

Analyst claims that exchanges sell your Bitcoin, crypto trading platforms respond

A crypto analyst claimed that staking Bitcoin within exchanges allows them to sell it to someone else; Cointelegraph reached out to the platforms for more info. Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges.

Deribit and OKX attract significant traffic from China despite a blanket ban: Report

Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.

Bitcoin whales jumping ship as exchange inflows reach 3-month high

The Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode. The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs).Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million coins, the most since February.

Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets

There are a few ways for regulators to limit the usage of noncustodial wallets, but there is no way to ban it completely, SatoshiLabs CFO said. As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets.Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it’s highly unlikely that governments around the world would manage to ban the use of noncustodial wallets one day.“It’s very improbable that all the countries would ban noncustodial wallets, or any other aspect of Bitcoin’s peer-to-peer network for that matter,” the CFO told Cointelegraph.Uherik said that potential efforts to ban noncustodial wallets would likely be similar to certain countries banning things like cryptography or torrents in the past.

Russian bankers reportedly want to outlaw noncustodial crypto wallets

The Association of Banks of Russia has previously collaborated with Binance as part of its expert center focused on crypto regulation. A major Russian banking association wants to criminalize keeping your own cryptocurrency keys.The Association of Banks of Russia, an organization including more than 300 Russian banks and financial institutions, has called on lawmakers to criminalize storing crypto outside of centralized exchanges on noncustodial wallets, local news agency Izvestia reported on Monday.In contrast to accounts at centralized crypto exchanges, noncustodial or self-custodial wallets allow users to store crypto without relying on a third party that is able to freeze, block or seize user's crypto assets.

Leading centralized exchanges extend market share in 2022

The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022. The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies.So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11.The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, KYC checks, and more, grading them from a top score of AA to a low of F with “top tier” receiving a grade B or above.A total of 78 exchanges received a “top tier” grade, with Coinbase, Gemini, Bitstamp, and Binance the only four to receive the highest AA grading.The report revealed that top-tier exchanges traded a total of $1.5 trillion in February 2022 compared to $62 billion in the “lower-tier” exchanges.

Ethereum Sees Biggest Exchange Withdrawals This Year – A Bump In ETH Price In The Offing?

Over 180,000 Ethereum (ETH) tokens have been pulled out from centralized exchanges in the last 24 hours, as traders seek to preserve their cryptocurrency in expectation of bullish price action.

Fact or fiction? Did ApeCoin (APE) really drop by 80% since launch?

Data shows vast APE price discrepancies ranging from $8 to $214 at centralized exchanges, but how likely is it that holders successfully traded the top half of that range right after the airdrop? ApeCoin (APE), the governance token of the well-known Bored Ape Yacht Club (BAYC) NFT project was airdropped to BAYC and Mutant Ape Yacht Club (MAYC) owners at 8.30 AM EST on March 17 and only 8 hours after APE became tradable in the open market, it has already jumped to the 110th most traded token ranked by CoinGecko, totalling $900 million in trading volume across all tracked platforms.As one would expect, there were some volatile price movements minutes after the airdrop and headlines show the price of APE dropping 80% since its launch.

IOEN Announces Exchange Listing on MEXC

[PR – Melbourne, Australia, 11th March, 2022, Chainwire] Today the Internet of Energy Network (IOEN) is proud to officially announce its new listing on the centralized exchange MEXC, one of the top centralized exchanges in the world.

CEXs refuse blanket asset freeze of all Russian users, though questions linger

If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran. Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users.A few days prior, Mykhailo Fedorov, Ukraine’s minister of digital transformation, had called for “all major crypto exchanges to block [wallet] addresses of Russians” and “also to sabotage ordinary users [by freezing their assets].” In explaining why he was not preemptively banning all Russians (though, Coinbase is not available in Russia), Brian Armstrong, CEO of Coinbase, specifically wrote: “We believe everyone deserves access to basic financial services unless the law says otherwise.

Injective Protocol (INJ) rallies 100%+ after launching cross-chain support for Cosmos

INJ books a 100%+ gain shortly after the release of the Injective Bridge v2 and the launch of DEX-based perpetual futures for ATOM. Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place.One DEX platform that has begun to gain traction is Injective (INJ), an interoperable layer-one protocol designed to facilitate the creation of cross-chain Web3 decentralized finance (DeFi) applications.

Unleashing Liquidity in DeFi Trading

Centralized exchanges (CEXs) have created opportunities for users to trade, buy and sell digital assets, but there are still thousands of tokens on a variety of blockchains that cannot be used as margin for hedging, trading, or speculation.

Fibswap: Providing accessibility and simplifying DEX trading across multiple chains

Throughout 2021, we saw users switch from centralized exchanges to decentralized exchanges to take back control and be the sole custodian of their crypto assets.

Bitcoin Worth $670M Leaves Centralized Exchanges After Hawkish Fed Comments

Most investors prefer to have direct custody of coins when they intend to hold them for a longer term.

OBT Officially Listed on Coinstore

[PRESS RELEASE – Please Read Disclaimer] While the cryptocurrency world is facing difficulties at the beginning of 2022, there’s one coin that’s seeking to have it all this year! Listing: 11th Jan 2022 Pair: OBT/USDT Type: Spot Trading Introducing OBT to Centralized Exchanges (CEX) By its nature, the OBToken’s utility is to serve as a […]

Revuto Becomes First Cardano-Native Asset To List On Top-Tier Exchanges KuCoin and Gate.io Simultaneously

Listing On Noteworthy CEXs Opens Floodgate For Revuto User Acquisition  Blockchain startup Revuto, a platform that enables users to manage and pay for subscriptions using cryptocurrencies easily, has announced the listing of its Cardano-native REVU token on top-tier centralized exchanges KuCoin and Gate.io.

Limit order protocols offer more flexibility and efficiency to DEX traders

The limit order functionality is a major tool moving the segment forward, narrowing the gap between options offered by CEXs and DEXs. As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs).

3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy

New staking opportunities in DeFi and centralized exchanges, along with a migration to the Ethereum network are just a few reasons for KDA’s recent 500% rally. Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data.Most protocols have now shifted to proof-of-stake but Kadena (KDA), a scalable layer-one blockchain protocol is still operating on the old proof-of-work model. According to the project, the network is capable of processing up to 480,000 transactions per second thanks to the use of “braided chains”.Data from Cointelegraph Markets Pro and TradingView shows that  in the last two weeks, KDA price has rallied 1,124% to a new record high at $25.94 on Nov.

SHIB Slumped Amid Near-Term Sell Pressure Triggered by Whale Speculation

There has been an increased SHIB sell-off on centralized exchanges as the hype around the meme token has tapered off.

GSR Turns Up DeFi Activity in Strategic Shift

“We just see DeFi overtaking centralized exchanges as a preferred liquidity venue,” Dwyer said.

Decentralized Exchange Tokens Boom as Chinese Investors Look for Alternatives

Many DEX tokens have soared in the past 24 hours with some protocols trading volumes surpassing those of large centralized exchanges.

LCX price rallies 300%+ after the launching DeFi Terminal 2.0

Increasing trading volume at Uniswap, a rising TVL and upgrades to its DeFi platform were followed by a new all-time high from LCX. The emergence of decentralized finance (DeFi) has reshaped the landscape of the cryptocurrency ecosystem, which was once dominated by centralized exchanges like Coinbase and Binance and helped to make it more accessible for users and projects seeking to gain access to the markets. As DeFi emerged as a cheaper, more accessible option for investors and projects, centralized exchanges saw their reserves of BTC and Ether dip and they began to compete for users as growing numbers of investors opted to give DeFi a try.

Ethereum Is Moving off Exchanges at a Record Rate – Here’s Why It Could Be Bullish, According to Crypto Analytics Firm

Ethereum (ETH) is moving off centralized exchanges at a record rate, according to the blockchain analytics firm IntoTheBlock.

Ethereum Sees Record Daily Volume Withdrawn From Centralized Exchanges

Exchange supply in the crypto market has been down across the board, and Ethereum has been no exception.

$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period.

Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky

General counsel to Compound Labs, Jake Chervinsky, has warned that the Treasury Department wants to “capture” the DeFi sector through the crypto provisions added to the infrastructure bill. The last-minute cryptocurrency provisions added to the US infrastructure bill sought to “capture DeFi,” argues Compound’s general counsel Jake Chervinsky.Appearing on the Bankless State of the Network podcast on August 17, Chervinsky — who is also DeFi Chair of the Blockchain Association — said the industry had been “blindsided” by the infrastructure bill’s crypto tax provisions which were announced just nine days prior to when it was expected to pass through the senate.While Chervinsky seemed willing to give most elected officials the benefit of the doubt, noting that previous discussions surrounding the infrastructure bill had “nothing to do with crypto,” he attributed more sinister motives to the Treasury Department’s role in influencing the legislative process.Conceding he may have donned a “tin-foil hat,” Chervinsky argued that the Treasury Department was looking for an alternate way to invoke the harsh reporting requirements former Treasury Secretary Steve Mnuchin had sought to impose on self-custodied crypto wallets.“This is all about DeFi [...] This is the Treasury Department trying to work out how to get jurisdiction over DeFi [...] and also expand its warrantless surveillance over a peer-to-peer financial system.”Cherversinky stated he was informed that the Treasury Department had initially opposed exempting network validators and software developers from stringent third-party reporting requirements under the bill as it was concerned the altered legislation would not “adequately capture DeFi.”“That’s why we couldn’t get the language changed to only capture the centralized exchanges,” he concluded:“We found out very quickly that it wasn’t just a senator’s misunderstanding [...] The Treasury Departmen

DEXs could see demand boost as regulators target centralized exchanges

From indictments against figures behind BitMEX to banks blocking transactions, and then Binance, some CEXs are under pressure.

Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019.

Nigerian Crypto Exchange Boss: CBN Directive Led Shift of Trades From Centralized Exchanges to Black Market Exchanges

It has been more than six months since the Central Bank of Nigeria (CBN) directed banks to stop serving customers from the cryptocurrency industry.