Coinbase Contemplates Launching New Trading Platform as Authorities Intensify Scrutiny of Crypto Sector

Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has … Read more

Coinbase Suspends BUSD Trading over Liquidity Concerns

Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose. Cryptocurrency exchange Coinbase has officially suspended BUSD trading on its platform. The decision follows from the earlier announcement by company CEO Brian Armstrong that the company would delist BUSD.  Recall that Coinbase claimed that BUSD no longer measured … Read more

Canada Lists Stringent Requirements for CTPs Trading in Stablecoins

The crypto asset trading platforms will now be forbidden from allowing clients to trade and deposit stablecoins, or any other type of “Value Referenced Crypto Assets” (VRCAs), without the CSA’s prior written authorization. The Canadian Securities Administrators (CSA) issued a notice on February 22nd elaborating on the novel commitments required for crypto asset trading companies … Read more

Hong Kong Releases Consultation Paper as It Is Ready to Allow Trading of Large Crypto Coins

The introduction of the consultation paper, which is open until March 31, is the next major show of good faith for the regulator, and industry experts are keeping a close eye on the events moving forward. The Hong Kong Securities and Futures Commission (SFC) has released a consultation paper that shows it is making good … Read more

Morgan Stanley Says Waning Stablecoin Issuance Could Impact Crypto Trading

New York-based banking powerhouse Morgan Stanley opines that a drop in stablecoin issuance is a negative sign for crypto trading.  According to Morgan Stanley (NYSE: MS), a decrease in stablecoin issuance spells bad news for crypto trading. In a research report on Monday, the New York-based banking giant delineated the benefits of stablecoins to crypto trading. In … Read more