# crypto exchange

ALL From crypto exchange

Gemini chooses Dublin as its European HQ

US-based crypto exchange Gemini has announced Dublin as its European headquarters, citing the city's "deep talent pool and thriving start-up scene" as reasons for the move. Gemini, founded in 2014 by the Winklevoss brothers, allows users to buy, hold, and sell cryptocurrencies and NFTs.

Bitfinex Invests in Chilean Crypto Exchange OrionX to Expand Presence in Latin America

Bitfinex has made an undisclosed investment in Chilean crypto exchange OrionX with the aim of expanding its presence in Latin America. OrionX, founded in 2017, currently offers crypto exchange and wallet services in Chile and plans to expand to Peru, Colombia, and Mexico with the goal of surpassing one million users by 2024.

Binance Temporarily Halts Bitcoin Withdrawals Due to Traffic Jam on Network

The company announced the news on its official Twitter account, stating that its team is currently working on a fix and will reopen BTC withdrawals as soon as possible.

Coinbase Is Transitioning From Crypto Exchange to Crypto-Enabled Banking Services, Says Former Ripple Exec

In Q1 2023, Coinbase's revenue on deposits via interest income, blockchain rewards, and custodial fees made up the majority of its revenues.

Coinbase Q2 2023 Outlook Highlights Potential Market Trends for Crypto Investors and Traders

Coinbase has released its Q1 2023 Shareholder Letter, which includes its Q2 2023 outlook. The average crypto market cap in April 2023 was $1.3 trillion, up 17% from Q1's average, but crypto asset volatility was 25% lower. Coinbase generated approximately $110 million in total transaction revenue in April 2023. For Q2 2023, Coinbase expects a sequential decline in subscription and services revenue due to a decline in the USDC market cap, and a sequential increase in General and Administrative expenses due to higher legal expenses, rent expenses, and Sales and Marketing expenses associated with their NBA partnership.

Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”

Crypto exchange Coinbase's total revenue grew 23 percent quarter over quarter to $773 million, according to a Coinbase shareholder letter released on Thursday afternoon. 

36% of the Top 1,000 Crypto Projects Went Silent on Blogging This Year

According to a May 1 research report, from blockchain marketing agency Guerilla Buzz — whose clients include the likes of Coingecko and crypto exchange AAX — a staggering 35.8% of the top 1,000 cryptocurrency projects have failed to update their websites with any new written content this year.

Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection

The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of illegally collecting face templates and fingerprints of its customers in violation of Illinois’ biometric privacy law.

Crypto Exchange Owned by Embattled Conglomerate Digital Currency Group Loses Top Global Exec

Ayyar, who is Luno’s vice president of corporate development and international, resigned from the firm after seven years working there, he told CNBC Tuesday.

Coinbase Sued by California for Mishandling Biometric Data

Coinbase has been sued by the state of California in violation of Illinois’ Biometric Information Privacy Act (BIPA). The popular crypto exchange is accused of “unlawful collections, obtainments, use, storage, and disclosure” of users’ biometric data, specified as fingerprints and facial images, used in KYC confirmation.