W o r l d . C r y p t o . G l o b a l

Loading

Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.

Contact Info

CATEGORY: latest crypto exchanges news


May 23, 2025 03:40

Kraken to Launch Tokenized Trading for Apple, Tesla, and Nvidia Stocks on Solana

Kraken plans to tokenize and allow trading for about 50 Stocks and ETFs, including those of Apple, Tesla, and Nvidia, atop the Solana blockchain.The Wall Street Journal recently reported that Kraken, a major U.S.-based crypto exchange, is preparing to launch a new service that will let international users trade tokenized versions of over 50 popular stocks and ETFs. Among the big names on the list are Apple, Tesla, and Nvidia. Kraken to Leverage Solana for Tokenized StocksNotably, the service will roll out in markets across Europe, Latin America, Africa, and Asia in the coming weeks. However, the exchange has confirmed that it will not be available in the U.S.These digital tokens, which Kraken calls "xStocks," will be based on the Solana blockchain. Each token will represent a real share of the stock or ETF it tracks. Kraken's partner, Backed Finance, will buy and hold the actual stocks to back the tokens. For clarity, users will not own the physical shares themselves but can redeem the tokens for their cash value, helping keep prices in line with those of the real stocks.Remarkably, what sets this apart from traditional investing is that these tokens can be traded 24/7, even when U.S. stock markets are closed. Kraken says the goal is to give investors outside the U.S. a more affordable and flexible way to access American markets. Solving an Accessibility Problem According to the Wall Street Journal, Kraken's co-CEO, Arjun Sethi, pointed out that buying U.S. stocks from abroad often involves high fees and long processing times. This new setup seeks to address that.Kraken's plan also includes giving users more freedom over how they use these tokenized stocks. Eventually, investors may be able to move the tokens to personal crypto wallets or even use them on other platforms. Some might even use tokenized shares as collateral in crypto trading strategies.Interestingly, this kind of idea is not entirely new, as Binance launched a similar project in 2021 but shut it down soon after due to regulatory pressure. However, Kraken says it is working with local regulators to avoid those same issues. According to The Wall Street Journal, the company is actively trying to make sure the rollout meets the legal requirements in each country where the service will be available.Growing Tokenization TrendsMeanwhile, Kraken's announcement is just one piece of a much bigger trend. Over the past year, some of the world's biggest financial institutions have been moving into tokenized assets. In March 2024, BlackRock launched a digital liquidity fund on Ethereum that captured 30% of the $1.3 billion tokenized Treasury market in just six weeks. By July, that fund held $486 million in assets. Meanwhile, Citi partnered with SDX to explore tokenizing private equity, and HSBC launched tokenized gold for retail investors in Hong Kong.Other major institutions like Goldman Sachs, JPMorgan, and Nasdaq are also getting involved. JPMorgan's Onyx blockchain supports tokenized Treasuries and interbank payments, while Nasdaq teamed up with Verta to help bring tokenized assets into mainstream financial markets. JPMorgan also completed its first public tokenized Treasury transaction on Ondo earlier this month. Experts now expect that 80% of institutional investors will adopt tokenized assets by 2025.

Robinhood Proposes Federal Tokenization Framework, Targeting $30T Market

Author: Abdulkarim Abdulwahab
United States
May 21, 2025 03:35

Robinhood Proposes Federal Tokenization Framework, Targeting $30T Market

Robinhood has moved to reshape the U.S. financial infrastructure by proposing a national regulatory framework for tokenized real-world assets (RWAs) to the SEC.This move positions the brokerage firm at the forefront of a growing sector projected to reach $30 trillion by 2030.Robinhoods proposal suggests treating tokenized assets, such as tokenized Treasury bonds or equities, as legally equivalent to their traditional counterparts. This equivalence would eliminate current legal uncertainties and allow institutions and broker-dealers to manage tokenized RWAs using existing regulatory frameworks, rather than operating under fragmented, state-level securities laws.By advocating for unified federal oversight, Robinhood aims to simplify compliance, reduce costs, and increase participation from both institutional and retail players.Introducing the Real-World Asset Exchange (RRE)As part of the proposal, Robinhood outlined plans to launch the Real-World Asset Exchange (RRE). This trading platform seeks to combine off-chain trade matching with on-chain settlement.It would utilize a dual-chain architecture on Solana and Base, enabling lightning-fast trade execution with sub-10-microsecond latency and up to 30,000 transactions per second.This technical setup could compress the standard settlement time from T+2 to T+0, potentially reducing trading costs by 30% annually.RRE would also integrate Anti-Money Laundering (AML) and Know Your Customer (KYC) tools through partners like Chainalysis and Jumio to meet global compliance standards.Legal Foundation for a Tokenized FutureWhile the crypto industry has often seen technology outpace regulation, Robinhoods proposal flips the script by starting with legal clarity. The proposal does not introduce new technology but anchors existing blockchain capabilities within a legally compliant framework that could serve both traditional finance and DeFi ecosystems.According to Mati Greenspan, founder of Quantum Economics, this could be the first viable path for a regulated U.S. broker to bring trillions of dollars in assets on-chain without compromising regulatory standards.Tokenization Momentum Builds Across the IndustryRobinhoods initiative comes amid a broader wave of tokenization efforts by financial heavyweights.Earlier this month, VanEck debuted its tokenized fund, VBILL, in partnership with Securitize. Targeting institutional and qualified investors, VBILL offers blockchain-based access to U.S. Treasury-backed yields with real-time settlement and 24/7 liquidity.Meanwhile, Franklin Templeton received approval from Singapore to launch the countrys first tokenized fund open to retail investors. With a minimum investment of just $20, the fund lowers entry barriers to institutional-grade money market instruments via blockchain.Additionally, MultiBank Group signed a $3 billion tokenization agreement with UAE real estate giant MAG and blockchain firm Mavryk.Eric Piscini, CEO of Hashgraph, emphasized that the surge isnt arbitrary, but is driven by meaningful factors such as improving regulatory clarity, scalable technology, and increasing involvement from major industry players.

May 21, 2025 03:35

Kraken Enters European Derivative Market With MiFID Licenses Acquisition

Prominent crypto exchange Kraken will roll out derivative products for its clients in the European continent after recent licensing.The European crypto market is expanding rapidly, with the new Markets in Crypto Assets (MiCA) regulation attracting digital asset firms. Leading crypto exchange Kraken has become the latest to enter Europe, particularly targeting the derivatives market.In a Tuesday announcement, Kraken disclosed that it is rolling out regulated derivative contracts for European users. The firm noted that the latest venture aligns with its expansion strategy, which aims to offer more crypto-related products for its clients in the region.Kraken Debuts CFD ProductsThe product aims to reach retail and institutional customers in the European Economic Area (EEA), the Tuesday release emphasized. Notably, this became possible after Kraken recently secured a Market in Financial Instrument Derivative (MiFID) license in Europe.The prominent exchange secured the license by acquiring Greenfield Wealth, a Cyprus-based investment firm, earlier in the year. With the acquisition, Kraken received a MiFID-approved license from the Cyprus Securities and Exchange Commission (CySEC).Remarkably, the authorization allows Kraken to offer regulated CFD products to European users. Specifically, the firm can now provide regulated derivative contracts to all 27 European Union countries in addition to Iceland, Norway, and Liechtenstein.Meanwhile, this enhances the exchanges derivative presence, which constitutes a large chunk of its business. Specifically, derivative trading accounts for nearly 50% of its volume and between 70% and 75% of its total trading activities.Recall that Kraken recently entered the UKs derivatives market. It resumed offering qualified retail and institutional clients FCA-regulated CFD products in May, expanding its grasp of the nation, which is its second-largest market after the United States.European Derivative Market Heating UpKrakens European venture is the latest move by prominent digital asset firms to leverage the rapidly emerging crypto market in the bloc. Following a clear regulatory framework, the European market has become attractive for global presence expansion.For context, Bitstamp and Gemini have acquired MiFID licensing in Europe, offering users a wider range of derivative products in the region. The latter received its license from the Slovenian top market regulator in October 2024, while the former got the permit from Maltas MFSA earlier this month.

Apr 05, 2025 03:40

OKX Faces 1 Million Fine Over AML Breaches in Malta

Crypto exchange OKX faces a 1.1 million ($1.2 million) fine from Maltese authorities for breaching the country's anti-money laundering (AML) rules. The fine, issued by Maltas Financial Intelligence Analysis Unit (FIAU), follows an on-site compliance examination in April 2023. It uncovered a series of serious and systematic failures within the exchange's operations. The FIAUs findings suggest that OKX failed to adequately assess the risks associated with its products and services. Accordingly, it raised concerns about potential money laundering activities.Compliance Shortcomings IdentifiedNotably, the FIAUs report highlighted that OKXs internal business risk assessment was insufficient in identifying potential money laundering risks. Furthermore, the examination revealed that OKX did not conduct risk assessments for about half of the client files reviewed during the compliance check. This lack of proper onboarding procedures raised alarms about the exchange's ability to detect illicit activities. In addition to these failures, the FIAU pointed out issues related to transaction monitoring and external reporting.Meanwhile, OKX has responded to the fine by emphasizing its improvements to its compliance efforts. The exchange stated that it has implemented a comprehensive compliance program over the past two years, including technology upgrades and enhanced monitoring systems. Notably, the FIAU acknowledged these efforts, noting that OKX had voluntarily taken remedial action to address the identified deficiencies.Regulatory Setbacks in Other JurisdictionsThis latest penalty from Malta adds to a series of regulatory challenges OKX faces in various regions. In late February, the Seychelles-based parent company of OKX agreed to pay over $500 million to settle allegations with U.S. authorities for failing to register as a money transmitting business. In addition, Thailands securities regulator filed a criminal complaint against OKX for operating without a license in the country. Notably, OKX's compliance struggles have not gone unnoticed by other industry players. Bybit CEO Ben Zhou recently accused OKX of enabling hackers to launder $100 million from a February 2025 hack involving a $1.5 billion breach. However, OKX has firmly denied the allegations. The exchange has also criticized Bybits statements as misinformation.

Japans Largest Resale Platform Now Supports XRP

Author: Abdulkarim Abdulwahab
United States
Apr 25, 2025 03:35

Japans Largest Resale Platform Now Supports XRP

Mercoin, the crypto trading subsidiary of Japanese e-commerce firm Mercari Inc., has announced the addition of XRP to its platform.Starting today, April 24, XRP is now available on Mercoin. This addition marks the third crypto asset available for trading on the platform, following Bitcoin (BTC) and Ethereum (ETH).XRP will be available for purchase starting from just 1 yen (about $0.007). Users can use various payment methods, including bank recharge balances, Mercari sales, and Mercari points, making it easier for first-time traders to get started with small amounts.The introduction of XRP aligns with Mercoin's mission to provide more trading options and enhance accessibility for its growing user base.Continued Growth and Success Among Inexperienced TradersSince its launch in March 2023, Mercoin has focused on attracting new crypto users, with a significant emphasis on simplicity and security. The firm started by offering only Bitcoin at launch and later added Ethereum 14 months after its launch.The companys service is showing success, surpassing 3 million users by December 2024, just under two years after its debut. Notably, 90% of users on the platform are newcomers to crypto trading.Now, Mercoin is introducing XRP, the fourth biggest crypto asset, as its beginner users become more familiar with BTC and ETH. The official announcement emphasized that XRP is one of the most traded assets in the global crypto market. Indeed, XRP boasts a 24-hour trading volume of $4.3 billion, the sixth largest in the market.Interestingly, Mercoin noted that it plans to explore various avenues to further promote XRP awareness in Japan, expanding the pool of XRP enthusiasts.Industry Reaction to XRP Listing on MercoinThe recent announcement from Mercoin has caught the attention of the crypto community, particularly due to the influence of its parent company, Mercari Inc. Emi Yoshikawa, former Ripple VP of Strategic Initiatives, highlighted the importance of Mercoin's decision to list XRP. Yoshikawa pointed out that Mercari is Japan's leading marketplace app and the country's largest resale platform, with millions of users who maintain a balance from selling unused items (MAU: 20+ million).She also mentioned that users can now convert their balances or Mercari points into XRP starting from just ¥1. Additionally, Yoshikawa emphasized that almost all users purchasing crypto through Mercari are newcomers, making this a strong example of crypto reaching mainstream audiences beyond the typical crypto crowd.https://twitter.com/emy_wng/status/1915399440099406146

Apr 23, 2025 03:35

Trump Media Finalizes Deal to Launch Multiple Made-in-America Crypto ETFs, Will XRP Be Included?

President Donald Trumps media company finalizes its deal with Crypto.com and Yorkville America Digital to launch several crypto ETFs. The partners have decided to move from a non-binding agreement memorandum announced in March to a binding agreement for the launch of several ETFs under Trump Medias fintech arm, Truth. Fi. Emphasis on Made-in-America Assets According to the press release, the ETFs will focus on Made in America cryptos and securities across diverse sectors. Crypto.coms broker-dealer arm, Foris Capital, will roll out these financial products later this year, pending regulatory approval. Once launched, the products will be made available across international trading platforms in the United States, Europe, and Asia. Per the announcement, leading American multinational law firm Davis Polk & Wardwell LLP will provide legal guidance to the partners. In addition to the ETFs, Truth Media will launch a series of Truth. Fi Separately Managed Accounts (SMAs). To support these financial products, Trum Media will invest up to $250 million of its cash reserves in the ETFs and SMAs. Notably, Charles Schwab will serve as the custodian. Partners Execs React Devin Nunes, Trump Medias CEO and Chairman, said the partnership is a major step toward expanding the companys operations into digital assets. He expressed excitement about the partnership and looked forward to launching the Truth. Fi ETFs for investors who believe in the American economy. Crypto.com CEO Kris Marszalek said the partnership underscores the exchanges capabilities in bridging traditional finance and crypto. Marszalek claims the collaboration is a win for Trump Media, indicating that it will leverage Crypto.coms platform to distribute its ETFs globally. Yorkvilles CEO, Troy Rillo, characterized the partnership as a significant step toward introducing new financial products that align with the company's America-First vision. This is an exciting moment, and we anticipate substantial interest in the ETFs upon their launch later this year, Rillo remarked. Will XRP Be Featured in Trump Media ETF? Meanwhile, besides CRO, the announcement did not specify which other crypto will be featured in the Truth. Fi ETF basket. https://twitter.com/kris/status/1914655603903095235Recall that in March, Crypto.com revealed that Trump Media will introduce three crypto ETFs under the Truth.Fi brand. They include an exclusive ETF tied to Bitcoin, a dual ETF linked to Bitcoin and Ethereum, and another basket ETF featuring multiple crypto assets like XRP, Solana, Ethereum, and the native token of its Cronos blockchain, CRO. At the time, Crypto.com deleted the post almost immediately and issued another announcement centered around CRO and Bitcoin. It remains to be seen whether the upcoming Truth. Fi ETFs will feature cryptos like XRP, other than CRO. In the meantime, the SEC has yet to approve an exclusive XRP ETF despite several asset managers vying to launch one. The regulator has a final deadline of October 2025 to approve or disapprove multiple XRP ETF applications.

Singapore Exchange Enters Crypto Derivatives Market with Bitcoin Futures Offering

Author: Abdulkarim Abdulwahab
United States
Apr 22, 2025 03:40

Singapore Exchange Enters Crypto Derivatives Market with Bitcoin Futures Offering

The Singapore Exchange (SGX) has revealed plans to introduce Bitcoin perpetual futures before the end of 2025, targeting institutional and professional investors. This marks SGX's strategic move to expand its product suite amid growing global interest in crypto assets. It aligns with broader trends of traditional financial institutions integrating crypto products.Notably, unlike traditional futures contracts, perpetual futures do not have an expiration date. This allows investors to trade continuously based on the direction of Bitcoin prices.Bolstering Institutional Confidence in BitcoinIndustry leaders believe SGXs entry into crypto derivatives is a significant step in framing Bitcoin as a legitimate asset.Darius Sit, founder of the crypto-asset trading firm QCP, noted that SGX's Bitcoin product would serve as a strong signal to institutional investors. Specifically, he claimed it helps position Bitcoin not as a speculative asset but as one worthy of consideration as an investment-grade instrument.Ong Chengyi, APAC head of policy at Chainalysis, echoed this sentiment. Chengyi described the move as a step toward firmly establishing Bitcoin as a legitimate investment asset suitable for inclusion in professional portfolios.Shi Le, managing director at crypto trading firm Auros, pointed out that perpetual futures are popular in the crypto trading arena. However, SGXs product introduces a regulated alternative. Given its familiar and accessible structure, this could appeal more to participants from traditional finance.Moreover, the product could be a hedging tool for institutions, similar to how ETFs brought crypto into mainstream investing.Furthermore, Chengyi highlighted that SGXs Bitcoin perpetual futures offer a transparent avenue for institutional investors to enter the crypto market while mitigating counterparty risks.  According to Robert Krugman, Broadridge's executive, the launch could also prompt exchanges worldwide to consider offering comparable products.  Notably, SGX will prioritize risk management and market integrity as it introduces this new product. Etelka Bogardi of Norton Rose Fulbright emphasized that the exchange must follow stringent procedures under Singapores Securities and Futures Act. These procedures include tools like leverage limits, margin requirements, standardized contracts, and clearing controls.Looking AheadWith major global financial institutions like Standard Chartered and Fidelity already active in crypto custody, SGXs entry into perpetual futures may only be the beginning. The launch could catalyze further institutional interest and set the stage for broader crypto product innovation in regulated markets.As QCPs Darius Sit put it: Hopefully, this is the first Bitcoin product of many to come.

Apr 19, 2025 03:35

Gemini Confirms Adding XRP to Free Trading Algorithms to Generate Passive Returns

Gemini has officially confirmed adding XRP to its selection of free trading algorithms, to provide users a new way to generate passive returns. This announcement expands the options for automated crypto trading, which runs alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). According to Gemini, these algorithms present users with the opportunity to earn cash yields and accumulate more XRP with minimal effort.https://twitter.com/Gemini/status/1912861755060912382Partnership with Arch Public Notably, the new trading algorithms are powered by Arch Public, a crypto firm specializing in algorithmic automation. These tools are designed to make it easier for users to invest in crypto assets without needing to manage their portfolios actively. It is important to note that Tyler Winklevoss, Geminis co-founder, also shared confirmation of the algorithms launch, which received significant backlash. His announcement came shortly after John E. Deaton, a prominent attorney known for his involvement in the XRP community, revealed that he had opened a Gemini account to take advantage of the new tools. Deatons involvement triggered suspicions. Known for his strong presence in the XRP community, Deaton confirmed that he was experimenting with the new algorithms. However, despite his endorsement, some community members remained critical, claiming his account might have suffered an exploit.Controversy and Backlash from the XRP CommunityNotably, the initiative builds on multiple campaigns from Gemini around XRP since it listed the asset for the first time in August 2023. While some welcomed the addition of XRP to the free algorithm lineup, the response from the XRP community was far from unanimous. Several long-standing XRP holders had expressed doubts about the effectiveness of the new tools. Some criticized the algorithms as inaccurate, claiming that the tools might not live up to their promises of generating reliable cash yields.This skepticism was further amplified by reactions to Tyler Winklevosss announcement. Some community members questioned the authenticity of the post, even suggesting that Winklevoss's account could have been hacked. As the news spread, Cameron Winklevoss, Tylers twin brother and fellow Gemini co-founder, also expressed his enthusiasm for the launch. However, his excitement was met with similar criticism, with some doubting the legitimacy of the initiative.

Apr 02, 2025 03:35

ACT and Several Other Altcoins Suddenly Crash 50% on Binance: Heres What Happened

The ACT token, as well as several other altcoins, witnessed sharp slumps on Binance today, with varying speculations around the actual cause.A dramatic event occurred on Binance at around 10:30 UTC when multiple altcoins, including Act 1: The AI Prophecy (ACT), experienced sharp price declines. Blockchain reported Colin Wu first called attention to the development.Notably, the price of ACT/USDT plummeted by over 49% within just 30 minutes, while DEXE/USDT dropped more than 23%, and DF/USDT fell by over 16%. Several other tokens, including KAVA, HIPPO, LUMIA, TST, and BANANAS31, also suffered significant losses. At press time, ACT still trades around $0.1, down 49% in 24 hours. Notably, these sudden crashes were primarily due to large sell orders executed in rapid succession, which triggered a surge in spot trading volume.Speculation on the Cause of the CrashBeniduboss, a well-known crypto trader, asserted that a bot linked to Wintermute, a major market-making firm, may have been responsible for the abrupt sell-off. He suggested that a Wintermute bot might have malfunctioned or suffered a liquidation, causing the market crash. The analyst noted that it would be difficult for the Wintermute team to present the issue in a way that would not harm the firm's reputation.However, Wintermute's CEO, Evgeny Gaevoy, dismissed this claim, clarifying that the bot in question was not from Wintermute. https://twitter.com/EvgenyGaevoy/status/1907026688464003112Interestingly, an a16zdao partner also alleged that Wintermute was responsible for the collapse of ACT but suggested that a different whale was behind the dumps of other tokens. Analysts Highlight Possible TriggersMeanwhile, Vladislav, a crypto analyst, observed that Wintermute had been offloading assets from wallets where they previously acted as market makers. He suggested that either the firm had suffered a hack or something else was wrong.Further analysis from Lookonchain, a blockchain surveillance resource, confirmed that Binance had recently adjusted the leverage and margin tiers for specific tokens, including ACT. https://twitter.com/lookonchain/status/1907037714014515336This led to a massive liquidation of a whale's position, amounting to $3.79 million at a price of $0.1877. Following this event, ACT's price continued to plunge by more than 50%, signaling a cascading effect in the market.Further, Wu called attention to disclosures from Benson Sun, a former FTX community partner, which corroborated Lookonchain's analysis. According to Sun, the primary catalyst behind the crash was Binance's decision to revise the leverage position limits on ACT. https://twitter.com/WuBlockchain/status/1907044761707729362The new rules imposed a restriction where traders using 1x leverage could only open positions up to $4.5 million. As a result, several market makers who had exceeded this threshold saw their positions forcibly closed at market prices. Notably, this abrupt liquidation led to a sharp contract price drop, which in turn created a significant disparity between the contract price and the spot price, ultimately triggering a sell-off.

Your Crypto Gateway

Claim 1,000
Free WCG Coins

World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.

11 bn

FREE CRYPTO COINS

8.9 bn

AVAILABLE FOR RESERVATION

2.1 bn+

ALREADY ALLOCATED

× WCG Coin

🎉 Get 1,000 WCG Coins

No fees. No catch. Your crypto journey starts here.