ChainCatcher news, according to Globenewswire, Robinhood Markets released its operational data for November 2024.As of the end of November, the total number of funded customers on the trading platform was 24.8 million (an increase of approximately 420,000 from October 2024, and an increase of about 1.5 million compared to the same period last year); assets under management were $195 billion (a month-over-month increase of 22%, and a year-over-year increase of 106%). The nominal trading volume for stocks reached $147.1 billion (a month-over-month increase of 16%, and a year-over-year increase of 178%). The trading volume for options contracts reached 155.5 million (a month-over-month decrease of 2%, and a year-over-year increase of 63%). The nominal trading volume for cryptocurrencies reached $35.2 billion (a month-over-month increase of over 500%, and a year-over-year increase of over 700%). As of the end of November, the company's financing balance was $6.8 billion, the total cash collection balance was $26.5 billion, and total securities lending revenue was $23 million.

ChainCatcher news, according to The Block, Hong Kong has committed to accelerating the licensing process for cryptocurrency trading platforms. Joseph Chan, Deputy Secretary for Financial Services and the Treasury, stated in the Legislative Council that the Securities and Futures Commission will promote a "fast-track licensing process" and establish a "consultative group," which is expected to start working with licensed trading platforms early next year.Joseph Chan indicated that the Financial Stability Committee plans to submit the relevant legislative bill to the Legislative Council "within this month." According to the consultation document, the proposal will require all FRS issuers to obtain a license from the Hong Kong Monetary Authority. The regulatory agency will propose a plan next year to issue licenses to cryptocurrency custodians.

ChainCatcher news, the CEO of the online brokerage eToro for cryptocurrency and stock trading, Yoni Assia, stated on Tuesday that the cryptocurrency trading volume on the eToro platform surged over 500% in November compared to the same period in 2023, reflecting the bullish sentiment among retail investors. Assia mentioned in an interview during Abu Dhabi Finance Week: "Whenever we see historical highs, we notice a significant increase in customer engagement."In September of this year, the company reached a settlement with the U.S. Securities and Exchange Commission (SEC) for $1.5 million. Assia stated that this settlement does not hinder the company from relisting assets in the U.S. again—especially if the incoming Trump administration relaxes cryptocurrency enforcement, which is widely anticipated.

ChainCatcher news, 10x Research released an analysis stating that as the Christmas holiday approaches, the market environment has become more cautious, and the risk of expanding sideways consolidation has also increased. Retail trading volume has significantly decreased, with cryptocurrency trading volume in South Korea dropping from a peak of $25 billion to the current $6.7 billion.Similarly, Binance's spot trading volume has fallen from $60 billion to $24 billion, indicating a loss of overall momentum. Given these trends, now is a wise time to reduce leverage, consolidate positions, and focus on high-conviction core assets.Historically, when the Bitcoin price reaches 4 times its total cost basis (MVRV ratio), it typically triggers large-scale profit-taking, marking the peak of a bull market. Currently, the MVRV ratio is at 2.7 times, which we refer to as the "mid-cycle peak," during which many investors begin to consider taking profits.For Bitcoin, the key support level is at $95,000. If it breaks above $100,000, this could be a strong buying opportunity, but if it falls below $95,000, traders should proceed with caution and carefully manage risk.

ChainCatcher news, a commentary article from Xinhua News Agency points out that the Bitcoin surge reflects, to some extent, the policy direction of the next political cycle in the United States, concerning the long-term game between regulation and capital.Institutions holding or engaging in Bitcoin and cryptocurrency trading are playing an important role in U.S. politics. In fact, a political action committee composed of major cryptocurrency industry institutions has prominently funded candidates who support cryptocurrency for congressional elections.Many analysts indicate that as the world's largest economy and a major participant in global financial activities, if the U.S. government does not approach financial regulation responsibly, it will not only harm American investors but also have a significant negative impact on the global economy.

ChainCatcher news, according to Bloomberg, cryptocurrency trading volume has surged to an all-time high, with the trading volume of digital assets on centralized spot and derivatives exchanges surpassing $1 trillion for the first time. According to data compiled by CCData, total trading volume doubled last month."This sentiment is reflected in the increased interest in assets like XRP, which has historically faced stricter regulatory scrutiny," said Jacob Joseph, senior research analyst at CCData. "Institutional players are also showing optimism, with CME's trading volume significantly rising over the past month, and a large influx of funds into spot Bitcoin ETFs."Monthly spot trading volume on centralized exchanges grew by 128%, reaching $3.43 trillion, marking the second-highest level since May 2021. CCData's data shows that derivatives trading volume surged by 89%, reaching $6.99 trillion, surpassing the historical high from March. This data does not include trading volume from DeFi platforms. As traders flock to altcoins, many South Korean spot cryptocurrency exchanges, such as Upbit, have seen a surge in trading volume. Additionally, CME's total trading volume increased by 83%, reaching $245 billion, setting a new historical high.

ChainCatcher news, according to Walter Bloomberg, the U.S. retail trading platform Robinhood's nominal cryptocurrency trading volume surpassed $30 billion in November.

ChainCatcher news, Bitget announced the launch of the cryptocurrency trading platform BitEXC in the Vietnamese market, providing users with a rich array of trading services, including spot trading and futures trading. The Bitget protection fund, valued at over $300 million, will also cover all users on the BitEXC platform. At the same time, the platform has introduced a VIP service system that supports personalized account management and exclusive benefits to meet the diverse needs of high-end users.As an important market for cryptocurrencies globally, about 21.2% of Vietnam's population holds digital assets, ranking second in the world. In response, Gracy Chen, CEO of Bitget and BitEXC, stated: "Vietnam has shown tremendous potential in the cryptocurrency space. Through BitEXC, we are committed to providing innovative solutions for local users, empowering the community, and promoting the adoption and sustainable development of cryptocurrencies in Vietnam."The launch of BitEXC marks an important step for Bitget in the Southeast Asian market and further strengthens its global layout.

ChainCatcher news, according to Nikkei, Cambodia has blocked access to 16 cryptocurrency trading websites, including Binance and Coinbase, but has not blocked their applications.Cambodia is facing international pressure to improve its reputation as a hub for online scams, and the government is attempting to regulate cryptocurrencies and other digital services.

ChainCatcher news, according to Cryptonews, the latest data from the Indonesian Commodity Futures Trading Regulatory Agency (CoFTRA) shows that in 2024, Indonesia's cryptocurrency trading volume has surpassed $30 billion (approximately 475 trillion Indonesian rupiah), a year-on-year increase of 352%.Currently, the number of cryptocurrency trading users in Indonesia has reached 21 million, with 716,000 users trading through locally registered exchanges. Although the current trading volume has not yet exceeded the historical peak of $54 billion in 2021, it has surpassed the total of $19.4 billion for the entire year of 2022.According to Chainalysis data, Indonesia currently ranks third in the global cryptocurrency adoption index, following India and Nigeria.

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange OKX has expanded its European operations by launching a trading platform and self-custody wallet in Belgium. With OKX's newly launched services, Belgian customers can now engage in spot trading and exchange over 200 cryptocurrencies, including 60 trading pairs with cryptocurrencies against the euro.OKX's General Manager for Europe, Erald Ghoos, stated that this launch does not involve direct regulatory approval from Belgian authorities. Ghoos said, "We have not obtained approval from the regulatory authorities; we have only received permission to operate in Belgium. We provide services through regulated entities within the EU and have no permanent establishment in Belgium."OKX's services in Belgium are provided through Okcoin Europe, a company registered in Malta and authorized by the Malta Financial Services Authority as a virtual financial assets service provider. To facilitate euro deposits and withdrawals, OKX has partnered with Belgium's popular payment system Bancontact.

ChainCatcher news, according to Ming Pao, Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum using Hong Kong dollars and US dollars.The entry threshold for this service is 70 USD or 600 HKD, with a commission of 1.99 USD or 15 HKD per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement promotional policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. ZA Bank's acting CEO, Wu Zhonghao, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.

ChainCatcher news, according to the Financial Times, Trump's social media company is in advanced talks to acquire the cryptocurrency trading platform Bakkt, which is owned by the Intercontinental Exchange, as the company seeks to expand its business beyond online conversations.Two people familiar with the negotiations said that Trump Media and Technology Group is close to a full stock acquisition of Bakkt. The valuation under discussion is still unclear, but on Monday, Bakkt's market capitalization was slightly above $150 million.