cryptoexchange

📉 Gemini's trading volume drops 73% as Q3 revenue falls to $41M

Gemini reported $40.9 million in Q3 revenue, down 19% year over year, as trading volume fell to $4.5 billion from $16.4 billion a year earlier. Its net loss narrowed to $58.6 million from nearly $160 million, helped by a 30% cut in operating expenses. Assets on the platform rose to $13.4 billion from $8.4 billion in Q2, and prediction market revenue grew 52% quarter over quarter to $800,000. GEMI shares rose 6.5% after hours to $2.79 but remain down about 75% this year.

⭐ The sharp drop in exchange volume shows how much retail trading has cooled since the 2025 bull run, pushing exchanges to cut costs and look for new revenue such as prediction markets.

#Gemini #GEMI #Earnings #CryptoExchange

🚨 Coinbase $COIN India still unable to withdraw rupees after 5 days due to partner bank issue

📌 The issue was first reported at 3:07 a.m. PST on November 9. As of November 14, INR withdrawals have still not resumed, affecting the partner bank’s payment processing for all customers.
📌 Coinbase confirmed that customers’ funds remain safe and advised against placing new withdrawal orders, as transactions may fail or remain pending. Deposits, UPI, and bank linking are still functioning normally.

INR flows in India are locally disrupted, and caution is weighing on the domestic market, though the impact has not spread to $BTC or $ETH .

💬 Are you holding funds on an exchange and worried about partner bank risks like this?

#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

📉 Gemini Trading Volume Drops 73%—What Does It Mean for the Crypto Industry?

Gemini Space Station released its Q3 2026 financial report, with some notable figures:

- Revenue fell 19% to US$40.9 million.
- The platform’s trading volume plunged 73% to US$4.5 billion.
- Net losses narrowed 63% to US$58.6 million.
- Revenue from prediction markets rose 52% compared with the previous quarter.

Analysis:

There are two sides to this report.

On one hand, the drop in trading volume shows that crypto trading activity is weakening.

On the other hand, Gemini has managed to cut operating costs and is beginning to develop revenue streams beyond trading.

This shows that competition among crypto exchanges is not just about user numbers, but also about the ability to build a sustainable business.

What do you think—will crypto exchanges rely more on trading or other financial services in the future?

#CryptoExchange #Gemini #CryptoBusinessMindset #BlockchainNews #CryptoMarket

Unocoin is in trouble again! The exchange has suspended all deposits and withdrawals after suspicious transfers were signed outside the BitGo platform while accounts were frozen. The wallet recovery feature may be to blame. Everyone, keep your funds safe! #cryptoexchange #unocoin $BTC $ETH

Unocoin halted all deposits and withdrawals due to suspicious transfers signed outside BitGo's platform while frozen. Could be wallet recovery feature shenanigans. Keep your funds safe! #cryptoexchange #unocoin $BTC $ETH

🏦 Payward (Kraken’s parent company) nearly doubled its share of global spot trading to 6.5% in September, despite a sharp drop in profits.

📌 Its market share rose from 3.3% as it captured a larger share than competitors—not because trading volume increased. It processed just $353 billion in Q3, down 30% year over year.
📌 Adjusted EBITDA plunged to $60 million (from $178.6 million), while platform revenue fell 12% to $487 million.

Cash flows are cautious, and falling volumes suggest investors aren’t keen to start trading again, even as Kraken expands into derivatives and stablecoin payments.

💬 Market share is up while volume is down—do you see this as a positive sign or a warning for the exchange?

#CryptoExchange #CryptoNews
🔗 Source: Cointelegraph
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🏦 Kraken reported adjusted EBITDA of $60 million in Q3 2026, up 163% quarter over quarter but still down 67% year over year.

📌 Platform revenue reached $487 million (up 12% QoQ), despite trading volume of just $353 billion, down 30% year over year.
📌 The number of accounts with positive balances rose 37% to 7.1 million; the company acquired Saldo Bank and cut around 150 jobs early in 2026.

Trading flows have slowed, but users are still accumulating assets, as caution weighs on major exchanges.

💬 Do you think Kraken’s IPO plans will stay on track for late 2026 or slip to 2027?

#CryptoExchange #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

📊 Binance's $USDT reserves fell by 928.2 million tokens over 8 days, to 24.3 billion USDT as of 12/11, a decrease of 3.68%.

📌 Reserves $BTC increased by 2,388 BTC (+0.35%) to 687,912 BTC, $ETH increased by 35,911 ETH (+1.04%) to 3,482,001 ETH, and BNB increased by 436,746 tokens (+1.03%).
📌 The report was released outside the regular monthly schedule, shortly after Binance fully replenished the assets affected by the October 29 security incident, worth approximately $6.34 billion.

Funds appear to be shifting from stablecoins to BTC, ETH, and BNB, suggesting sentiment has become less defensive after the security risk was addressed.

💬 Are you holding USDT and waiting for an opportunity, or have you already switched to BTC or ETH?

#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🏦 Gemini sells its UK and EU business to KAST for less than $10 million.

📌 The deal follows a restructuring plan launched in February: cutting up to 25% of its workforce and withdrawing from the UK, EU, and Australia, while focusing on the US and Singapore.
📌 UK/EU accounts switched to withdrawals-only mode on March 5, and Australian accounts on March 1; all will officially close on April 6, 2026. KAST (over 1 million users, around $5 billion in annual volume) was founded by former Circle executive Raagulan Pathy.

📉 The move shows how regulatory pressure and operating costs in Europe are increasingly squeezing major exchanges, potentially shifting capital toward the US market.

💬 Are you concerned that the trend of withdrawing from the EU will spread to other exchanges?

#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

📰 Philippine crypto exchange Moneybees appoints new CEO

Moneybees Forex Corporation has appointed Nancy Ocampo-Omadto as its chief executive officer. She previously served as chief legal counsel and was responsible for regulatory compliance.

Moneybees operates in the virtual asset sector under the supervision of the Central Bank of the Philippines. The company says the new leadership will focus on regulatory compliance, risk management, and developing regulated crypto services.

Source: BitPinas, November 12, 2026.
#CryptoExchange #Regulation

🚨 Binance reportedly froze around 400,000 $USDT belonging to a user named Shawn under an order from a U.S. federal court in Colorado.

📌 Shawn said he earned around 340,000 USDT from futures trading before withdrawals were blocked, despite submitting documents proving the source of the funds.
📌 Binance advised him to contact the U.S. District Court in Colorado to challenge the order, while he lives in Asia and could not find the necessary information on the court’s website.

Cross-border legal orders are raising concerns among traders about the risk of account freezes, and defensive sentiment could spread to major exchanges.

💬 How do you think Binance should handle cross-border freeze orders while complying with the law and protecting users?

#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🏦 Gemini sells its UK and European business to KAST for less than $10 million.

📌 The deal transfers regional infrastructure and operating licenses in the UK and Europe, valued at less than $10 million.
📌 The move is part of a comprehensive restructuring strategy, following the Winklevoss brothers-founded exchange’s withdrawal from several international markets.

Competitive pressure is forcing exchanges to scale back their international presence, while cautious sentiment is spreading to institutional flows into $BTC and $ETH .

💬 Do you think Gemini is cutting its losses at the right time, or missing out on the European market?

#CryptoExchange #CryptoNews
🔗 Source: CoinDesk
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

⚡ Zoomex is joining the race to bring stock and crypto trading together in one account.

📌 According to CoinGecko, trading in traditional assets through six major crypto exchanges reached $1.45 trillion in the first half of 2026.
📌 Traders can watch Nvidia $NVDA rise while Bitcoin $BTC falls, without having to juggle a stock brokerage and a crypto exchange.

Funds are shifting toward unified platforms, putting direct competitive pressure on crypto-only exchanges.

💬 Would you be ready to trade stocks and crypto on the same exchange?

#CryptoExchange #CryptoNews
🔗 Source: BeInCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

📰 Mercado Bitcoin plans to resume operations via Pix

On November 10, Cointelegraph reported, citing a Mercado Bitcoin representative, that the Brazilian crypto exchange intends to gradually restore deposits and withdrawals in Brazilian reais via the Pix payment system next week. Withdrawals should only be available to bank accounts owned by the customers themselves.

Crypto deposits and withdrawals remain suspended, however, and no date has been announced for their resumption. Following the security incident on November 2, this is an important step toward a return to normal operations, but for now, these are plans rather than a completed launch.

Source: Cointelegraph, November 10, 2026.
#CryptoExchange #Security

🏛️ Mercado Bitcoin $BTC resumes cash withdrawals after $49 million hack

📌 Mercado Bitcoin, one of Brazil’s largest exchanges, announced that it will restore deposits and withdrawals in Brazilian reals through the Pix instant payment system next week. The move comes more than 15 days after an attack that reportedly cost the exchange an estimated $49 million from linked wallets.

📌 To ensure security, customers will only be able to withdraw funds to accounts in their own name. Mercado Bitcoin will also credit users’ accounts with income from the settlement of fixed-income products. Notably, cryptocurrency deposits and withdrawals remain suspended, with no specific restart date announced.

💬 What do you think of this development? Join the discussion!

#CryptoExchange #CryptoNews
🔗 Source: Cointelegraph
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🚨 Binance blocks all transactions with MEXC after FinCEN accused the exchange of being linked to $16 billion in illegal transactions.

📌 Starting 10/11, Binance will reject withdrawal requests to MEXC and 12 related entities, while temporarily holding deposits for compliance checks.
📌 FinCEN accused MEXC of lacking AML controls, facilitating sanctions evasion transactions for Russia, Iran, and North Korea between 5/2021 and 5/2026.

Funds may move away from MEXC, increasing defensive sentiment on major exchanges such as $BNB and $BTC .

💬 Do you hold assets on MEXC, and what do you plan to do?

#CryptoExchange #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🏦 Coinbase $COIN has just received OCC approval for its application to establish a trust bank, a major regulatory milestone in the U.S.

📌 The OCC has given Coinbase the green light, following Ripple, which was previously approved for a similar application.
📌 The official launch date and accompanying conditions remain unclear, but the application has been approved.

Capital could flow toward crypto stocks and Coinbase ecosystem tokens, as optimism gradually returns for $BTC and $ETH .

💬 Could the wave of crypto trust banks pave the way for a massive influx of institutional capital into the market?

#CryptoExchange #CryptoNews
🔗 Source: CryptoPotato
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🚨 The $6.3 billion hack of Binance’s hot wallet on 29/10/2026 sparked debate about blockchain “undo buttons.”

📌 Binance covered $6 billion from its reserve fund and reopened withdrawals on 1/11; stablecoins froze around $3 billion, and the culprit was identified as TraderTraitor, linked to North Korea.
📌 Lorenzo Valente proposed a validator-level rollback for BTC, ETH, and SOL over a 2–3-year period, to be used only in black-swan scenarios; Omid Malekan opposed it, arguing it would harm neutrality, and cited Mt. Gox.

Defensive sentiment is growing, putting pressure on confidence in the decentralization of $BTC , $ETH , and $SOL .

💬 Do you support an emergency rollback or keeping the blockchain absolutely immutable?

#CryptoExchange #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🚨 Mercado Bitcoin $BTC reopens read-only accounts after a $49 million hack, but no withdrawal date has been set.

📌 The Brazilian exchange restored balance-viewing access from 19:00 UTC on Monday, showing balances as of Nov. 2 — when the attack occurred.
📌 The exchange is using its own funds to cover the stolen assets and says customers have not suffered losses; it has not set a date for resuming withdrawals.

Caution prevails, and funds could move away from regional exchanges if trust is not restored.

💬 Would you dare to keep your assets on an exchange after an incident like this?

#CryptoExchange #CryptoNews
🔗 Source: Cointelegraph
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

⚡ Binance officially resumes withdrawals of $HYPE and $APT after completing its audit, bringing a prolonged period of restrictions to a close.

📌 According to confirmation from chair Yi He, HYPE was the last token to have withdrawals reopened, after the exchange froze $3 billion and pledged to reimburse 100% from the SAFU fund.
📌 The hack was carried out by the TraderTraitor group (North Korea), which withdrew approximately $6.3 billion from Binance hot wallets in just 20 minutes, according to the FBI and Chainalysis.

The Hyperliquid community reacted strongly, saying this was unfair competition as Binance continued to delay the HYPE spot listing until 9/24/2026, with a Seed Tag label.

💬 Do you think HYPE will bounce back after the withdrawal news, or will it continue to face pressure from Binance?

#CryptoExchange #CryptoNews
🔗 Source: U.Today
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).

🚨 BINANCE APPOINTS A NEW CFO JUST 9 DAYS AFTER ITS RECORD $6.34 BILLION HACK.
Binance is making a major leadership change at a critical moment for the world's largest crypto exchange.
Kaiser Ng is stepping down as CFO after more than five years with the company to pursue a new venture.
His replacement?
Justin Yek, a former Vice President of Finance at Airwallex who also held senior investment banking positions at Morgan Stanley.
But the timing is raising eyebrows.
The announcement comes just nine days after Binance suffered a record $6.34 billion security breach.
However, Binance co-CEO Yi He says the CFO transition had already been planned for six months, well before the security incident.
Now, Yek inherits a major responsibility.
Binance must continue its recovery, reimburse affected customers and maintain confidence across its global user base.
HERE'S WHAT THE MARKET SHOULD WATCH:
A CFO transition at this scale is more than a routine executive appointment.
Financial transparency, risk management, liquidity confidence and customer protection will be critical as Binance moves forward.
The bigger question:
Can Binance restore investor and user confidence while navigating one of the most challenging periods in its history?
Leadership changes are easy to announce.
Rebuilding trust is much harder.
#Binance #CryptoNews #Bitcoin #CryptoExchange #Blockchain