Crypto Exchange


Markets

Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC

The company will be using the second-largest stablecoin by market cap for its relative stability.

(Creative Commons, modified by CoinDesk)

Layer 2

OKX to Increase Staff by 30% Despite Market Downturn

The crypto exchange wants to have 5,000 employees.

“We are mostly focused on increasing our headcount in product and tech,” Lennix Lai, director of financial markets at OKX, said on CoinDesk TV’s “First Mover” program. (CoinDesk TV, modified)

Finance

CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues

The exchange said last week it was halting withdrawals amid market declines and counterparty uncertainty.

CoinFLEX halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)

Finance

Australian Crypto Exchange Banxa Lays Off 70

The company cited the "crypto winter" for the move that reduced its staff by 30%.

Staff leaving (Joao Viegas/Unsplash)

Videos

Binance Signs Football Star Cristiano Ronaldo for NFT Push

Crypto exchange Binance has entered an exclusive multi-year non-fungible token (NFT) partnership with football legend Cristiano Ronaldo. “The Hash” squad discusses the latest celebrity NFT push potentially bringing Web3 and digital collectibles to global sports fans.

CoinDesk placeholder image

Videos

Coinbase Phasing Out ‘Coinbase Pro’ for ‘Advanced’ Mode in Main App

Crypto exchange Coinbase will phase out its trader-focused “Coinbase Pro” in favor of “Advanced Trade,” a similar exchange service that lives alongside Coinbase’s other crypto investment products, unlike Pro. “The Hash” panel discusses the latest move from Coinbase and what this means for accessibility.

CoinDesk placeholder image

Finance

Hong Kong’s Hoo.com Expects to Re-Open Some Token Withdrawals Today; Finblox Takes Steps to Address Liquidity

Several Hong Kong-based crypto platforms have made changes to their policies amid the market upheaval and liquidity crunches.

Hong Kong where Tether is headquartered (Ruslan Bardash/Unsplash).

Finance

Bybit to Reduce Workforce as Crypto Slump Drives Cost-Cutting Measures

The crypto exchange is looking to remove overlapping functions and build smaller, more agile teams, it told CoinDesk.

Dubai (David Rodrigo/Unsplash)

Finance

Kevin O’Leary Says ‘Panic Event’ Is Needed Before Crypto Bottoms

The strategic investor spoke to CoinDesk ahead of crypto marketplace WonderFi's move to the Toronto Stock Exchange.

Kevin O'Leary (Michael Kovac/Getty Images)

Finance

Binance Clarifies What Caused Earlier Bitcoin Withdrawal Issues

The crypto exchange said the problem was stuck transactions and the fix would prevent the issue from recurring.

Changpeng Zhao, CEO de Binance. (Archivo de CoinDesk)