Binance US has slashed fees to near-zero as its U.S. market share collapsed to just 0.20%. According to an official X post earlier today, the exchange now offers 0% maker fees and 0.01% taker fees on more than 20 crypto pairs, including Ethereum, Solana, BNB, and Cardano, with no subscription or volume requirements. Despite the aggressive fee cuts, trading volumes remain negligible, with the platform’s share of U.S. dollar-supporting exchange volume falling from around 10% previously to about 0.20% as of ...

Investors with a lot of money to spend have taken a bearish stance on Coinbase Global COIN.And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 9 ...

Gemini's total revenues for 2024 came in at $142.2 million, up 44.8% from the previous year, while the first six months of 2025 have already seen the company reporting revenues of $68.6 million. However, this was 7.7% less than the revenues in the corresponding period a year ago. The same scenario repeated in the case of net losses, as the same narrowed in 2024 to $158.5 million from $319.7 million in 2023, but for the first six months of 2025, Gemini reported substantial losses of $282.5 million, up consid ...

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American cryptocurrency exchange Coinbase (COIN) is one of the stocks that ProShares has identified with the capacity to create opportunities for consumers and investors. The firm made a strong statement recently as it rolled out a new Exchange Traded Fund (ETF) to track the Coinbase stock price. Coinbase Receives Recognition for Its Innovations The newly-launched ProShares Ultra COIN (COIA) is designed to target 2x daily returns of Coinbase, marking an expansion of the former’s product lineup. According ...

Core Insights - Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is preparing for a significant initial public offering (IPO) with an increased price range of $24 to $26 per share, indicating strong investor demand [2][3] - The company plans to offer approximately 16.7 million shares, which would result in a market capitalization exceeding $3 billion at the upper end of the price range [3][4] - Nasdaq has committed to a $50 million private investment in Gemini, further supporting the IPO and reflecting confidence in the company's prospects [4][6] Company Overview - Gemini operates as a prominent crypto exchange in the U.S. and has expanded into a credit card business, highlighting its diverse revenue streams [6] - Despite having a trading volume significantly lower than Coinbase Global, Gemini identifies tokenization and card payments as areas with substantial growth potential [6] IPO Details - The initial price range for the IPO was previously set at $17 to $19 per share, which has now been revised upward due to strong market interest [3][4] - The company is expected to list on the Nasdaq under the ticker symbol "GEMI" [4] - A portion of the Class A shares, up to 30%, will be allocated for retail investors through platforms like Robinhood and SoFi [5]

Binance.US, the American affiliate of the global crypto exchange, has significantly reduced its trading fees for over 20 asset pairs. The fee change applies to major cryptocurrencies like Bitcoin , Ethereum , Solana , BNB , and Cardano . The exchange is expanding its “Tier 0” pricing to offer 0% maker fees and 0.01% taker fees for these pairs. The model was first introduced for Bitcoin in 2022, and the expansion comes as Binance.US struggles with low trading volumes. The exchange’s share of U.S. dollar- ...

Core Insights - Kraken has launched its tokenised stock trading product, xStocks, in the European Union, allowing access to over 60 US-listed stocks and ETFs for eligible clients [1][2] - The xStocks trading segment is rapidly growing, becoming the fastest-growing subsector within the $25 billion real-world asset niche in crypto [1] - The competition in the crypto space is intensifying, particularly with fintech firms like Robinhood also expanding their services in Europe [2][4] Company Developments - Kraken's global head of consumer, Mark Greenberg, stated that the launch of xStocks aims to simplify access to US markets by removing traditional barriers [2][4] - The company is expanding its tokenisation efforts, with initial support for Solana and plans to include Ethereum and BNB Chain [5] - Kraken has recently launched US-regulated crypto futures trading and commission-free trading for US equities, positioning itself against Robinhood [6] Strategic Moves - Kraken acquired Breakout, a proprietary trading platform, and previously purchased NinjaTrader for $1.5 billion, indicating a strategy to enhance its trading capabilities [7] - The expansion of xStocks and other services is part of Kraken's preparations for a potential public listing rumored for 2026 [7][8]

Core Viewpoint - Kraken has expanded its xStocks tokenized equity service to European Union clients, allowing them to trade digital representations of popular U.S. stocks and ETFs through its mobile app, utilizing Backed's tokenization technology [1][3]. Group 1: Service Expansion - The xStocks service has generated over $3.5 billion in combined trading volume since its international launch in June, offering more than 60 tokenized equities to clients across 140 countries outside the U.S. [2] - The expansion to the EU addresses challenges for European investors seeking U.S. market exposure, such as currency conversion fees and delays tied to U.S. market hours [3][4]. Group 2: Competitive Landscape - Kraken joins a growing number of platforms offering tokenized U.S. equities to international customers, with competitors like Robinhood, Bybit, and KuCoin also launching similar services [5]. Group 3: Business Strategy and Growth - Kraken is reportedly seeking $500 million in new funding at a $15 billion valuation, preparing for a potential IPO targeted for early 2026, and has sought regulatory approval from the SEC for its tokenized trading platform [6]. - The company has diversified its offerings by acquiring Breakout, a proprietary trading platform, allowing qualified traders access to significant trading capital [7][8]. Group 4: Multi-Chain Strategy - Initially deployed on the Solana blockchain, xStocks has expanded to support additional networks, including BNB Chain and TRON, generating over $2.5 billion in trading volume across platforms [9]. - Future plans include launching xStocks on Ethereum as ERC-20 tokens and supporting Kraken's upcoming Ink blockchain and other high-impact networks [10]. Group 5: Regulatory Environment - Traditional market operators have raised concerns about tokenized stock offerings, citing a lack of investor protection compared to conventional markets, prompting calls for stricter regulations [11]. - Despite regulatory uncertainty, major exchanges like Nasdaq and eToro are pursuing tokenized asset strategies, with Nasdaq filing a proposal to offer its own tokenized securities platform [12].

Cryptocurrency exchange Kraken has expanded its xStocks offering to millions of clients across the European Union, providing on-chain access to U.S. equities to investors in the region. The expansion enables eligible European investors to trade tokenized versions of popular U.S. stocks and exchange-traded funds (ETFs) directly through the Kraken app. "Expanding xStocks to the European Union was a natural next step for Kraken, given our dedicated growth strategy and market presence here. For too long, it' ...