The Philippines Securities and Exchange Commission (SEC) has issued a public advisory naming 10 major cryptocurrency exchanges that operate without the necessary authorization under the country’s updated digital asset regulations. The list by the Philippines n SEC includes OKX, Bybit, KuCoin, and Kraken. The Philippines SEC noted that these exchanges have been offering and promoting crypto related services to Filipino users despite lacking registration or a license.  A license is required under SEC Memorandum Circulars No. 4 and No. 5, to offer crypto related services.  “These platforms have no license, registration, or authorization from the SEC to operate in the…

eToro, the trading and investing platform, has announced it will launch tokenized versions of popular U.S. stocks as ERC-20 tokens on the Ethereum blockchain. The rollout will cover the 100 most traded U.S.-listed stocks and ETFs, allowing users to trade them as blockchain-based assets 24 hours a day, five days a week, the company said on Tuesday. eToro also noted that users will eventually be able to move these tokenized stocks off the platform for self-custody or use in DeFi protocols. eToro’s decision to tokenize stocks comes as the broader trend of bringing real-world assets (RWAs) onto blockchain infrastructure continues…

Kraken, The U.S.-based crypto exchange, is reportedly looking to raise $500 million in fresh funding, aiming for a $15 billion valuation as it inches closer to a potential IPO. The American exchange was last valued at $11 billion in 2022, according to The Information, which cited sources familiar with the talks. The move comes as the IPO market shows signs of heating up again, with companies like eToro and Circle Internet Group cashing in on the renewed investor appetite. Kraken is one of the most established names in the crypto space. It currently sees about $1.37 billion in daily trading…

In a major move toward embracing digital assets, RAKBANK has launched a crypto brokerage service directly through its mobile banking app, making it the first conventional bank in the UAE to offer retail customers secure and regulated access to cryptocurrency trading. The new service, introduced in partnership with BitPanda, a UAE-regulated crypto exchange, will initially be available on an invitation-only basis before being expanded to a wider customer base. Through the integration with BitPanda, RAKBANK customers can now buy, sell, and swap cryptocurrencies within the bank’s mobile application. All transactions are processed in UAE Dirhams (AED), meaning users won’t face…

OKX, a global crypto exchange and Web3 company, has launched regulated retail derivative products in Dubai, becoming the first international exchange to offer futures, perpetual contracts, and options to retail users in the UAE. These offerings are regulated by the Dubai Virtual Assets Regulatory Authority (VARA) under a pilot framework. Retail users can now trade derivatives with up to 5X leverage, allowing them to react more efficiently to market movements and manage risk with greater control, all within a secure and compliant environment. “This is a major milestone not just for us at OKX, but for the broader crypto ecosystem.…

BitGo IPO Holdings, one of the top crypto custody firms in the U.S, just took a big step toward going public. On Monday, the Palo Alto-based company shared that it has privately filed a draft with the SEC to launch an initial public offering (IPO). They haven’t revealed how many shares they’ll offer or what the price might be yet. The IPO will move forward once the SEC reviews the filing, and if market conditions look right. This move shows BitGo’s confidence in its future and could mark a major milestone for the company in the crypto space. What is…