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Tokocrypto Receives Full License in Indonesia

Tuesday. September 10 at 7:00 AM

1 min. read

Indonesian exchange Tokocrypto has obtained a complete license from the country's Commodity Futures Trading Regulatory Agency, also known as 'Bappebti.' On Sept. 9, Tokocrypto announced that it had been granted the Physical Crypto Asset Trader (PFAK) license by Bappebti. This license authorizes the company to function as a physical crypto asset trader and ensures compliance with the nation's trading regulations. Previously, exchanges in Indonesia operated under a 'prospective crypto exchange' classification, but in 2019, Tokocrypto was registered as a Prospective Physical Crypto Asset Trader (CPFAK). The company's CEO, Yudhono Rawis, stated that Tokocrypto is the third exchange to receive this license in Indonesia, with 35 prospective crypto exchanges still registered with the futures regulator. Tokocrypto aims to solidify its position as the leading trading platform in Indonesia by obtaining this license, as evidenced by its market share dominance in 2023 according to CoinGecko data.

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WhiteBIT: A Year of Milestones and Growth

Friday. December 20 at 4:00 AM

WhiteBIT, Europe's top cryptocurrency exchange, has achieved significant milestones in 2024. With a market capitalization of $38.9 billion and a trading volume of $2.7 trillion, the company has seen a remarkable 200% increase in trading activity. Surpassing major players like Kraken, WhiteBIT's trading volume rivals the GDP of countries like Italy and Canada. CEO Volodymyr Nosov attributes this success to innovative strategies and client trust. The exchange's growth can be attributed to onboarding institutional clients, offering low fees, and robust technical infrastructure. With over 30 million global users, WhiteBIT offers a range of services including a decentralized exchange, NFT marketplace, and proprietary blockchain. Recognized for its security measures, WhiteBIT plans to enter the US market. As a leader in the crypto ecosystem, WhiteBIT remains committed to growth and innovation.

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Binance.US to Reintroduce USD Services in 2025

Thursday. December 19 at 3:00 PM

Binance.US is set to bring back USD services in early 2025, marking a significant shift in operations after facing banking restrictions. The move follows positive sentiments regarding potential changes in US crypto regulations, representing a crucial moment for the exchange. Interim CEO Norman Reed emphasized the importance of reinstating fiat services, a highly requested feature by users. Despite challenges such as a lawsuit from the SEC leading to the suspension of fiat trading, Binance.US has continued to operate steadily, offering a wide range of cryptocurrencies and staking options. The platform, operating separately from Binance Exchange to comply with US laws, is now focusing on expanding custody services and wallets. While Binance's global operations are cautious about re-entering the US market, CEO Richard Teng remains committed to compliance and global expansion. The successful reintroduction of USD services by Binance.US could set a precedent for crypto platforms navigating the US regulatory landscape.

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Bitget Expands Compliance Efforts with New European Office in Lithuania

Thursday. December 12 at 2:00 AM

Bitget, a crypto exchange, is set to bolster its compliance measures by establishing a regional office in Lithuania to align with the EU's MiCA regulations. The move signifies Bitget's commitment to regulatory adherence and expansion goals. By engaging with European regulators, Bitget aims to offer compliant services to users in the region. Additionally, the company plans to support crypto startups in Europe through its new hub. Bitget's proactive approach comes ahead of the EU's full implementation of MiCA laws in 2024, prompting exchanges like Coinbase to adjust their operations. With existing licenses in various countries, including Poland and Australia, Bitget is well-positioned to navigate the evolving regulatory landscape and enhance its presence in the UK market.

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Binance Dominates Crypto Inflows in 2024

Thursday. December 5 at 10:00 AM

Binance, the top cryptocurrency exchange globally, has outperformed its competitors in terms of inflows in 2024. Despite facing challenges such as regulatory issues and the imprisonment of former CEO CZ, Binance has maintained its lead. The exchange saw a 40% increase in institutional and corporate investments this year, benefiting from the approval of ETFs. Additionally, Binance capitalized on the meme coin trend by listing new coins that gained significant traction. Despite these successes, the company encountered obstacles like being banned in Cambodia and facing tax issues in India. CEO Richard Teng remains optimistic about the future growth of Binance, thanking its users for their continued support. The company's commitment to regulatory compliance and innovation is highlighted, although challenges still persist in the legal landscape.

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