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Crypto Exchanges Race for Indian Market — Who’s Next After Binance and Coinbase?
Yahoo Finance· 2025-12-08 10:47
Core Insights - India is opening its market to global crypto exchanges, with Coinbase re-entering after Binance's successful relaunch, indicating a shift in regulatory stance towards crypto [1][7]. Company Developments - Coinbase initially launched in India in April 2022 but had to suspend operations shortly after due to regulatory pressure, halting services by September 2023 [2][3]. - After registering with India's Financial Intelligence Unit (FIU), Coinbase has resumed onboarding new users in October 2023, marking its first significant activity in the market since 2023 [3][7]. - Kraken is planning its return to India after previously shutting down operations, actively seeking regulatory approvals [5][6]. Market Opportunities - The Indian crypto market is seen as a $15 billion opportunity, driven by a large, digitally-savvy young population, and has ranked first in crypto adoption according to Chainalysis for three consecutive years [9]. - Other exchanges like Bybit and Bitget are also eyeing the Indian market, with Bybit having restored access after a penalty and Bitget expecting to receive FIU approval by 2026 [5][8]. Future Expectations - Coinbase's trading is currently limited to crypto pairs, with local currency support anticipated to launch in 2026 [4].
Coinbase Plots Full Comeback in India, Fiat Support Expected in 2026
Yahoo Finance· 2025-12-08 09:45
Core Insights - Coinbase has resumed user onboarding in India after a two-year hiatus, indicating a renewed commitment to the Indian market despite previous regulatory challenges [1][2][3] - The company aims to introduce a fiat on-ramp by 2026, allowing users to purchase cryptocurrency directly with local currency [4] - Coinbase has made strategic investments in the Indian crypto ecosystem, including a partnership with CoinDCX and a memorandum of understanding with Karnataka's state government [6] Company Actions - Coinbase initially launched in India in April 2022 but faced regulatory issues that led to the suspension of services by September 2023 [2][3] - The company has been actively engaging with Indian regulators to align with local compliance requirements since early 2023 [3] - Coinbase's APAC director emphasized the importance of starting fresh in the Indian market after off-boarding existing customers [5] Market Context - Other global exchanges, such as Bybit and Binance, have also returned to the Indian market after meeting local regulatory requirements and paying fines [7] - The Indian market continues to show rapid growth in digital asset adoption, despite heavy taxes and regulatory friction [1]
Crypto exchange Gate eyes Hong Kong licence even as compliance costs challenge growth
Yahoo Finance· 2025-12-08 09:30
Core Viewpoint - Gate, a cryptocurrency exchange, is considering reapplying for a virtual asset trading platform license in Hong Kong, but faces challenges due to high compliance costs and a competitive market [1][2][6]. Group 1: Company Overview - Gate was founded in mainland China in 2013 and is currently the world's third-largest cryptocurrency exchange by 24-hour trading volume, following Binance and Bybit [5]. - The company previously withdrew from the Hong Kong market after a one-year grace period for licensing applications [6]. Group 2: Regulatory Environment - The Hong Kong regulatory framework for digital assets has imposed high compliance costs, making it difficult for companies to operate profitably in the region [2][7]. - Gate is monitoring the performance of other licensed platforms in Hong Kong to assess the feasibility of reactivating its licensing efforts [2][4]. Group 3: Market Challenges - The competitive nature of the Hong Kong market, combined with high licensing costs and limited product offerings, presents significant challenges for Gate [7]. - Users in Hong Kong have many options from overseas platforms, making it difficult for Gate to attract local customers [7].
Bitget 发布 GetAgent 重大升级:响应更智能,所有用户免费使用
Globenewswire· 2025-12-08 05:50
塞舌尔维多利亚, Dec. 08, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所 (UEX) Bitget 今日宣布,对其 AI 驱动型交易助手 GetAgent 进行重大升级。 新版本采用更灵活的问答引擎、更简洁的用户界面,并大幅扩大会员额度,使高级 AI 交易工具对各等级用户前所未有地触手可及。 GetAgent 于今年早些时候推出,已成为 Bitget 交易体验的重要组成部分,帮助数万名用户简化分析与执行。 此次升级的核心是改进了问答系统。 GetAgent 如今可智能识别用户提问意图——无论用户希望获得快速洞察还是全面分析——并自动调整其响应方式。 对于快速请求,该助手将提供简洁、可操作的答案。 当需要更深层次的分析时,交易者可一键开启“研究模式”,生成包含技术信号、风险考量、链上数据和市场结构的完整多维度分析。 会员等级升级前升级后每日提问额度每日提问额度额外研究额度基础 (Basic)0<td style="width:25.1%;;vertical-align: middle; text-align: left; pa ...
Binance Becomes First Crypto Exchange To Secure a Global License Under ADGM Framework, Setting a New Standard in Digital-Asset Regulation
Prnewswire· 2025-12-08 04:00
ABU DHABI, UAE, Dec. 7, 2025 /PRNewswire/ -- Binance, the world's largest cryptocurrency exchange by trading volume and users, today announced a landmark regulatory achievement: The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has formally approved the authorisation of Binance's global platform, Binance.com, under a comprehensive regulatory framework. This global first is a major step in Binance's mission to create the most ...
Coinbase starts onboarding users again in India, plans for fiat on-ramp next year
Yahoo Finance· 2025-12-07 16:00
Core Insights - After a two-year pause, Coinbase has reopened its app for registration in India, allowing crypto-to-crypto trades, with plans to introduce a fiat on-ramp in 2026 [1] - Coinbase previously faced challenges in India, including the shutdown of UPI support shortly after launching services in 2022 and ceasing operations for Indian users in 2023 [2][3] - The company has engaged with the Financial Intelligence Unit (FIU) and registered with them, leading to the current onboarding of users [4] Regulatory Environment - The Indian government imposes a 30% tax on crypto income without loss offsets and a 1% transaction deduction, which may deter frequent trading [6] - Coinbase hopes for a relaxation of these tax regulations to encourage more users to hold digital assets [6] Market Potential - Despite regulatory challenges, Coinbase remains optimistic about the Indian market, having invested in local exchange CoinDCX at a $2.45 billion post-money valuation [7] - The company plans to expand its workforce in India, focusing on both local and global markets [7] User Experience - Coinbase aims to establish itself as a trusted exchange, emphasizing the importance of a user-friendly interface and a secure experience for onboarding [8]
Crypto Recovery in December: Coinbase
Yahoo Finance· 2025-12-06 08:20
Leading crypto exchange Coinbase released a research report earlier today, noting that December opened with a major lift in global liquidity. The firm said that odds for a Federal Reserve rate cut rose to 92% by December 4, a development that could provide backing to a bounce in risk assets. Its custom global M2 money supply index showed a clear recovery trend into late 2025, which is building on the expectation that a softer dollar environment would aid broader market momentum. Coinbase previously talke ...
Coinbase and Kraken Under Pressure as Bitnomial Leads Race For US Crypto Leverage
Yahoo Finance· 2025-12-05 10:47
Core Insights - Bitnomial has received the first approval from the Commodity Futures Trading Commission (CFTC) to list leveraged crypto products, marking a significant shift in U.S. crypto regulation [1][6] - The CFTC's Acting Chair Caroline Pham criticized previous enforcement-based regulations that hindered the development of a safe trading environment for retail investors [2][4] - Major exchanges like Coinbase and Kraken are now positioned to follow Bitnomial in offering leveraged trading products, as they have the necessary licenses [6][7] Regulatory Changes - The CFTC's recent approval signifies a move towards a more crypto-friendly regulatory environment, with expectations for more exchanges to introduce leveraged trading products by 2025 [2][7] - The previous restrictive guidance from the CFTC led to a reduction in margin trading features among U.S. exchanges, with Kraken and Bitfinex facing penalties [4][5] Market Implications - The approval for Bitnomial is seen as a catalyst for other exchanges, which are now eager to reintroduce spot leverage features [6][7] - Kraken's acquisition of Small Exchange is part of a strategy to integrate various trading products into a single regulated system, indicating a trend towards consolidation in the crypto trading space [7]
Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients
Yahoo Finance· 2025-12-05 07:25
Core Viewpoint - Kraken is launching an invitation-only VIP program aimed at ultra high net worth individuals and sophisticated traders as it prepares to go public in the U.S. early next year [1][4] Group 1: Kraken's VIP Program - The Kraken VIP program offers elevated client service and extraordinary experiences, including personalized support from a VIP Relationship Manager and 24/7 assistance [3] - Members gain direct access to Kraken's full product ecosystem and insights from subject-matter experts in various fields such as product, engineering, liquidity, custody, and infrastructure [3][4] - Membership requires an average balance of $10 million on the platform or $80 million in annual trading volume [5] Group 2: Industry Context - Crypto exchanges are increasingly focusing on high-touch services for wealthy individuals, with Binance recently introducing a "prestige" offering for clients with a net worth of up to $10 million [2] - The VIP program is designed to provide unprecedented access and influence, catering to the ambitions of ultra high-net-worth clients [4]
Jim Cramer on Coinbase: “Sell It on the Way Up”
Yahoo Finance· 2025-12-05 03:45
Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently looked at. During the episode, a caller sought Cramer’s thoughts on the stock, and he replied: “Okay, Coinbase is deeply linked to the price of Bitcoin. It’s one of the many stocks that I talk about that frankly is just completely… linked and all those other stuff. I think Bitcoin’s bouncing probably to 97 to 98,000. And you know what? I think you should scale out of that thing on the way up. You just had a nice gain in the last ...