FM Crypto

Compliance Specialist at Exness Becomes Vanuatu’s Stablecoin Commissioner Jackson Miake has become Vanuatu’s Commissioner of Stablecoins. His LinkedIn profile lists the role as a contract position with the Ministry of Finance and Economic Management beginning in July 2026. https://www.financemagnates.com/cryptocurrency/regulation/compliance-specialist-at-exness-becomes-vanuatus-stablecoin-commissioner/?tg=1784925194

EU Adds HTX to Russia Sanctions Two Months After UK's Action Against Crypto Networks The European Union has added cryptocurrency exchange HTX to its latest package of sanctions against Russia, expanding efforts to restrict financial networks that European authorities say have helpe... https://www.financemagnates.com/cryptocurrency/eu-adds-htx-to-russia-sanctions-two-months-after-uks-action-against-crypto-networks/?tg=1784902984

BitMEX Is Closing, but the Perpetual Swap Is Just Getting Started Eight months ago, BitMEX co-founder Arthur Hayes argued that traditional exchanges would have to “adapt or die” as perpetual swaps spread beyond crypto. https://www.financemagnates.com/cryptocurrency/bitmex-is-closing-but-the-perpetual-swap-is-just-getting-started/?tg=1784882025

MiCA Is Not Only for Crypto. It Will Also Decide Prediction Markets’ European Future While the industry spent the summer arguing about stablecoin reserves and DeFi certification schemes, the most consequential question in European crypto policy slipped in almost unnoticed. https://www.financemagnates.com/cryptocurrency/mica-is-not-only-for-crypto-it-will-also-decide-prediction-markets-european-future/?tg=1784868324

Five Regulatory Moves This Week That Will Shape Crypto Trading in the Second Half of 2026 This week regulators were busy defining where crypto trading can happen, which intermediaries can provide access, how assets get cleared, and when offshore platforms fall outside the permitted peri... https://www.financemagnates.com/cryptocurrency/regulation/five-regulatory-moves-this-week-that-will-shape-crypto-trading-in-the-second-half-of-2026/?tg=1784830069

What Does BitMEX’s Closure Reveal About New US Routes for Crypto Perpetuals? Crypto perpetuals finally have defined regulatory routes in the US. That was not the case when offshore exchanges such as BitMEX built the market. https://www.financemagnates.com/cryptocurrency/exchange/what-does-bitmexs-closure-reveal-about-new-us-routes-for-crypto-perpetuals/?tg=1784819400

BitMEX, Pioneer of Crypto Perps, Closes Down Just as the Market Heats Up BitMEX, the derivative exchange that revolutionised crypto trading with the invention of the perpetual swap, has announced it will shut down its platform on 23 September 2026. https://www.financemagnates.com/cryptocurrency/bitmex-pioneer-of-crypto-perps-closes-down-just-as-the-market-heats-up/?tg=1784799685

Cheques and Balances: Former Forex.com and Invast Director Sentenced Over Suspected Scam Proceeds Brendan Gunn has been sentenced in the Local Court of NSW for dealing with more than AU$180,000 when it was reasonable to suspect the funds were proceeds of crime. https://www.financemagnates.com/cryptocurrency/cheques-and-balances-former-forexcom-and-invast-director-sentenced-over-suspected-scam-proceeds/?tg=1784784296

SEC Settles FOIA Suit With Coinbase. Agency Pays $150,000 Over Lost Gensler Text Messages The US Securities and Exchange Commission has agreed to pay $150,000 in legal fees to settle a Freedom of Information Act lawsuit brought by Coinbase. https://www.financemagnates.com/cryptocurrency/exchange/sec-settles-foia-suit-with-coinbase-agency-pays-150000-over-lost-gensler-text-messages/?tg=1784747812

Payward Taps GTN to Expand xStocks into Hong Kong and Other Global Markets GTN and Payward, the parent company of Kraken and developer of the xStocks tokenised equities framework, have entered into a partnership to expand the range of assets available through xStocks. https://www.financemagnates.com/cryptocurrency/payward-taps-gtn-to-expand-xstocks-into-hong-kong-and-other-global-markets/?tg=1784737415

Russia Gives Crypto Firms Until July 2027 to Obtain Licences Under New Market Rules Russia’s State Duma has adopted legislation creating a regulated cryptocurrency market, Exchanges, custodians and other service providers must obtain licences under the new framework until 1 July 2... https://www.financemagnates.com/cryptocurrency/regulation/russia-gives-crypto-firms-until-july-2027-to-obtain-licences-under-new-market-rules/?tg=1784655844

TradFi Perpetuals Become Crypto Exchanges' Fastest-Growing Segment. Bitget Ranks Second Behind Binance Bitget generated nearly $70 billion in TradFi perpetual trading volume during the second quarter, ranking second behind only Binance. https://www.financemagnates.com/cryptocurrency/exchange/tradfi-perpetuals-become-crypto-exchanges-fastest-growing-segment-bitget-ranks-second-behind-binance/?tg=1784643147

Prometheum Lands First Disclosed Client for SEC-Regulated Omnibus Crypto Clearing Service Prometheum has disclosed the first client for one of its flagship infrastructure services after years of questions over whether its SEC-regulated crypto brokerage model could attract real customers. https://www.financemagnates.com/cryptocurrency/prometheum-lands-first-disclosed-client-for-sec-regulated-omnibus-crypto-clearing-service/?tg=1784575156

Vietnam to Fine Retail Crypto Traders Using Offshore Exchanges Most crypto enforcement globally has focused on exchanges rather than individual users. Vietnam’s decree extends liability directly to retail traders who continue using unlicensed platforms. https://www.financemagnates.com/cryptocurrency/regulation/vietnam-to-fine-retail-crypto-traders-using-offshore-exchanges/?tg=1784565900

Citadel Securities Takes $400M Stake in Crypto.com as Digital Markets Strategy Accelerates Citadel Securities has invested $400 million in Crypto.com, valuing the exchange at $20 billion. It is Crypto.com's first institutional funding round in its ten-year history. https://www.financemagnates.com/cryptocurrency/citadel-securities-takes-400m-stake-in-cryptocom-as-digital-markets-strategy-accelerates/?tg=1784235000

Kraken Launches USD-Settled Crypto Options for Institutional Traders Kraken has launched cash-settled, USD-denominated options on BTC and ETH with portfolio margin enabled by default, entering a segment of the crypto derivatives market where Coinbase and CME Group h... https://www.financemagnates.com/cryptocurrency/exchange/kraken-launches-usd-settled-crypto-options-for-institutional-traders/?tg=1784232300

EXMO Pulls the Plug: Sanctioned Crypto Exchange Winds Down, Leaves Users Holding IOU Tokens EXMO.com announced that it is beginning an orderly wind-down of the platform, citing UK financial sanctions against legal entities within the EXMO. https://www.financemagnates.com/cryptocurrency/exmo-pulls-the-plug-sanctioned-crypto-exchange-winds-down-leaves-users-holding-iou-tokens/?tg=1784184587

Virtu Financial Joins BitGo Prime network as Institutional Crypto Liquidity Moves onto Regulated Rails Virtu Financial has joined BitGo Prime's global liquidity network, bringing a major traditional market maker into BitGo's institutional digital asset trading stack. https://www.financemagnates.com/cryptocurrency/virtu-financial-joins-bitgo-prime-network-as-institutional-crypto-liquidity-moves-onto-regulated-rails/?tg=1784138460

Binance Calls Its Multi-Asset Strategy a Financial “Super App” Binance has for the first time described its expansion beyond crypto as a plan to build a “multi-asset financial super app,” outlining a strategy that combines traditional brokerage, stablecoin pay... https://www.financemagnates.com/cryptocurrency/exchange/binance-calls-its-multi-asset-strategy-a-financial-super-app/?tg=1784127600

Revolut Moves Closer to UAE Crypto Launch with VARA In-Principle Approval Revolut has received in-principle approval from Dubai's Virtual Assets Regulatory Authority to provide virtual asset services in the United Arab Emirates, expanding its regulatory presence in the c... https://www.financemagnates.com/cryptocurrency/revolut-moves-closer-to-uae-crypto-launch-with-vara-in-principle-approval/?tg=1784108043