As Bitcoin’s price soared, December’s web traffic to cryptocurrency exchanges was as heavy as The Block has ever recorded.
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Some $1 billion in crypto — much of it in the form of ETH and other major cryptocurrencies — has been staked by the customer base of exchange service Kraken, the company said Wednesday.
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The U.K.-registered EXMO exchange is one of the many crypto startups to go through the FCA approval process. Execs detailed the work it took to get there.
The value reflects the many long positions investors are trading in cryptocurrencies.
The homepage of the popular cryptocurrency exchange is currently inaccessible.
Quick Take
- OTC and market-making firms in the crypto space have been under pressure to meet rising demand.
- These businesses are seeking to grow their teams in response.
The big players in enterprise blockchain face a decision: stay with underwhelming consortia projects, or invest in public networks like Ethereum.
Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and ‘Kimchi premium’ back in force.
Erik Voorhees’ ShapeShift is morphing into a decentralized exchange (DEX). It’s losing the KYC restrictions at the same time.
Bullish price activity has tipped the total value of ETH locked into Ethereum 2.0 past $2.4 billion.
