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The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.

Coinbase filed for judgement in its ongoing case against the U.S. Securities and Exchange Commission, alleging the regulator is stepping well outside its jurisdiction in suing the crypto exchange.

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

The digital bank said U.S. customers will not be able to access crypto via its platform starting Oct. 3.

The DEX’s Liquidity Pool was already available on Arbitrum, BNB Chain and Avalanche.

In total, Michael Egorov has parted with 106 million CRV tokens, bringing in a sum of $42 million.

Revolut will no longer provide crypto services to United States users, citing a challenging regulatory environment in the country.

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.

Over-the-counter desk balances are widely considered a proxy for institutional activity.

Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai’s exchanges.