The move is said to allow Binance users in Brazil to instantly convert over 100 cryptocurrencies into reais to pay merchants or transfer funds to any Pix-compatible account. Transactions are completed within seconds, which Binance says helps to bring “crypto into everyday life and make it easier for users to spend digital assets in real-world…
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The initial day of trading saw more than $19 million in notional volume. The contracts are offered in two sizes: a micro contract of 2,500 XRP and a larger 50,000 XRP contract. Both are cash-settled against the CME CF XRP-Dollar Reference Rate, which is calculated daily at 4:00 p.m. London time. “We are pleased to…
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The penalty was issued under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. It follows Cointree’s voluntary disclosure that it had not submitted SMRs within the required timeframes. AUSTRAC CEO Brendan Thomas said, “SMRs provide AUSTRAC and our law enforcement partners with information about suspected misuse of the financial system and this information goes on…
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In the initial phase of the partnership, Standard Chartered will provide FalconX with a “comprehensive suite of banking services,” including access to a broad range of currency pairs and enhanced cross-border settlement infrastructure. FalconX will also initially integrate Standard Chartered's banking infrastructure. The integration is expected to improve the speed, scale and reliability of FalconX’s…
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The move potentially ends a long-running civil enforcement action filed in December 2020. Under the terms of the agreement, the SEC and Ripple will jointly ask the district court to consider dissolving an injunction imposed in an August 2024 judgment and to release funds held in escrow. That escrow account currently holds a $125 million…
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The acquisition will see Coinbase pay $700 million in cash and issue 11 million shares of its Class A stock. The deal is expected to close by the end of 2025. Deribit has roughly $30 billion in open interest and processed more than $1 trillion in trading volume last year in its key markets, largely…
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The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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The contracts began trading Tuesday on the Cboe Futures Exchange (CFE), offering cash-settled exposure to bitcoin through the FTSE Bitcoin Reduced Value Index. The exchange stated that the new XBTF futures provide institutional and professional investors with a tool to gain or hedge bitcoin exposure. XBTF futures are cash-settled contracts. "As customer demand for crypto-based…
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Wolf, who has served on the firm’s board since June 2024, has more than 25 years of experience in capital markets, with expertise in fixed income, currencies and commodities. He joins Crossover at a time of growing institutional engagement in crypto and will aim to help the company achieve its strategic and financial goals. Most…
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The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance. The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…
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