According to the @CoinDeskData Exchange Review - September 2025Global CEX spot + derivatives trading volumes fell for the first time in three months, down 17.5% to $8.12T.In the spot market, BitMart holds a 1.42% share, keep maintain steady growth 💪Thank you for your support — we’ll keep moving forward! 🚀#BitMart #CryptoExchangeCoinDesk Data (@CoinDeskData):https://t.co/rAzJKzcu1z ...

South Korea’s largest crypto exchange Upbit will list BIO trading pairs against KRW, BTC, and USDT. Bio Protocol is a decentralized financial and operational infrastructure.https://t.co/cX71v0QFCk ...

Binance Cleared to Acquire Korean Crypto Exchange GOPAX► https://t.co/zGLIcIYDaJ https://t.co/zGLIcIYDaJ ...

Core Insights - The BNB Coinbase deal marks a significant shift in the cryptocurrency landscape, establishing a bridge between Binance and Coinbase, which could impact market liquidity and influence [1][8] - The listing of Binance's main network token on Coinbase is expected to enhance trading volume and market dynamics [1][5] Group 1: Deal Significance - The BNB listing on Coinbase is not merely symbolic; it has the potential to change how liquidity and volume circulate in the market [1] - Binance co-founder Changpeng Zhao emphasized that broader access to BNB enhances network liquidity and global reach [4] Group 2: Market Impact - Coinbase's integration of BNB derivatives began in April, allowing traders to take leveraged positions, which mirrors Binance's market structure [3] - Historically, newly listed tokens on Coinbase have seen an average gain of +91% in their first five trading days, highlighting Coinbase's influence on price discovery [5] Group 3: Current Market Conditions - BNB is currently trading around $1,168, experiencing a 4.3% decline in the past 24 hours but a 27% increase month-over-month [6] - The total value locked in Binance Smart Chain is over $8.7 billion, ranking it behind only Ethereum and Tron [6] Group 4: Regulatory Scrutiny - The deal comes amid scrutiny of Binance's listing practices, with allegations of demanding airdrops and token reserves from projects [7] - Binance has denied these allegations, labeling them as false and discriminatory, and has warned of potential legal action [7] Group 5: Strategic Implications - The BNB listing represents a ceasefire in the ongoing rivalry between Coinbase and Binance, indicating that liquidity is now prioritized over loyalty [8] - The partnership suggests that Binance's ecosystem has grown too significant for any exchange to overlook, necessitating collaboration in a scale-driven market [8]

Company Overview - Klarna is a Swedish-based technology firm specializing in online financial services and payment processing for e-commerce, particularly known for its 'buy now, pay later' services [4] - The company has approximately 111 million customers and 790,000 businesses using its services across 26 countries, handling $112 billion in gross merchandise volume [3] IPO Details - Klarna's IPO raised a total of $1.37 billion, with shares opening at $52 and a market cap of around $15 billion one month post-offering [1][2] - The initial share price was set at $40, which was $4 higher than the midpoint of the estimated range, with a total offering of 34,311,274 shares [2] Market Position and Performance - Goldman Sachs views Klarna as a market leader in Buy-Now-Pay-Later (BNPL) solutions, particularly strong in Europe, and expects it to gain market share over time [8] - The stock currently has a Strong Buy rating from analysts, with a price target of $55 indicating a potential 12-month gain of approximately 42% [9] Recent Market Activity - The third quarter of 2025 saw a significant increase in IPO activity, with 60 IPOs raising a total of $14.6 billion, marking a substantial rise from the previous year [6] - Klarna's performance is part of a broader trend in the online financial services sector, which is attracting investor interest [7]

Listing Announcement - Upbit, South Korea's largest crypto exchange, will list the Infinit (IN) KRW trading pair [1] Project Overview - Infinit is identified as a DeFi intelligence platform [1]

HashKey Group, the operator of Hong Kong’s biggest licensed crypto exchange, has confidentially filed for an IPO in the Asian financial hub, sources say https://t.co/Cr7FjHy6PJ ...

Bybit has obtained a Virtual Asset Platform Operator license from the UAE Securities and Commodities Authority (SCA), becoming the first crypto exchange to receive this approval. The license allows Bybit to offer regulated virtual asset trading, brokerage, custody, and fiat conversion services to both retail and institutional clients in the UAE. https://t.co/i5xEkVgI7K ...

Core Viewpoint - Citi initiated coverage of crypto exchange OSL with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), representing 22 times projected 2025 price-to-sales [1] Group 1: Revenue Growth Projections - Citi projects revenue growth of 80%, 60%, and 36% for OSL in 2025, 2026, and 2027, respectively, driven by payment finance (PayFi) expansion and a broader regulated market footprint [2] Group 2: Regulatory Strategy and Market Position - OSL has a regulatory-first strategy with over 50 licenses across 10 jurisdictions and plans for further expansion in Europe, the Middle East, and emerging markets [2] - OSL holds a dominant position in Hong Kong's OTC crypto market, controlling over 60% market share, with strengths in liquidity, pricing, and client retention [3] Group 3: Product Development and Innovations - OSL is advancing into stablecoin infrastructure with upcoming launches such as OSL BizPay for lower-cost cross-border payments, StableX for stablecoin issuance, and Tokenworks for tokenization [3] Group 4: Market Risks and Compliance - While Citi noted risks from volatility, regulation, and competition, it emphasized OSL's compliance-first approach and early lead as distinguishing factors in Hong Kong's growing digital-asset sector [4]

🚨JUST IN: BYBIT SECURES FULL LICENSE IN THE UAE, BECOMING THE COUNTRY’S FIRST REGULATED CRYPTO EXCHANGE ...