The crypto business of German stock exchange Boerse Stuttgart already accounts for 25% of its revenue, and while the exact volume of cryptocurrency trading was not disclosed, the exchange group said in a press release late last year that the metric "almost tripled" in 2024, its best performance ever. Boerse Stuttgart CEO Matthias Voelkel said that bitcoin accounts for nearly 50% of the exchange's cryptocurrency revenue, and the exchange has been developing its cryptocurrency trading platform ove...
Cuy Sheffield, head of Visa's crypto business, said that the demand for stablecoins based on non-U.S. dollar fiat currencies will continue to grow in the coming years, and while the U.S. dollar is suitable for cross-border transactions, fast and efficient local currency conversion is equally important, providing a huge opportunity for other local currency stablecoins. Cuy Sheffield predicts that every major fiat currency will be represented on the blockchain in the future. He welcomes the emerge...
Chris Burniske, a former head of Ark Invest's crypto business and now a partner at Placeholder VC, wrote on X that market sentiment has been reset, leverage has been purged, and most high-quality crypto assets are at much higher lows than we saw in 2023. At the same time, global central banks are about to be forced to ease policy, and market volatility is expected to intensify in the third quarter. In any case, this is a good early form of a bull market.
Trading 212 Crypto, a newly established subsidiary of UK-based online broker Trading 212, has been granted Category 3 registration by the Cyprus Securities and Exchange Commission (CySEC), allowing the platform to offer cryptocurrency spot, custody, staking, and card services.