exchanges

According to monitoring by Onchainschool, the GWEI team has distributed tokens worth 6 million dollars to 10 new wallets. Some of the tokens have already been transferred to exchanges, and the remaining tokens are expected to be transferred gradually as well.

During the weekend following the release of the "Notice on Further Preventing and Dealing with Risks Related to Virtual Assets" (Document No. 42), the relevant team from CICC Hong Kong has engaged with several public chains and exchanges to explore potential business cooperation.Additionally, a public chain leader expressed a desire to explore relevant cooperation opportunities with investment banks and other intermediary institutions. Institutions such as Ant Group and JD.com have also shown concern regarding policy changes. Reports indicate that Hong Kong is one of the overseas issuance locations for RWA. Regulatory insiders familiar with the situation stated that RWAs based on assets from Hong Kong are not within the regulatory scope of Document No. 42; if domestic securities or funds are involved as underlying assets and RWA issuance occurs overseas, it will be overseen by the relevant departments of the China Securities Regulatory Commission. The related statements emphasize that strict regulation will be implemented for RWAs involving domestic assets going abroad and should not be interpreted as a signal to encourage or relax regulatory measures.

According to FinanceFeeds, Russia plans to block foreign cryptocurrency exchange websites starting in the summer of 2026 to direct crypto activities to locally licensed platforms, reduce capital outflow, and strengthen regulation.This initiative stems from new legislation expected to advance in the spring, involving technical filtering by Roskomnadzor; Russian participants have a daily crypto trading volume of about 50 billion rubles, most of which occurs abroad.Sergey Shvetsov, chairman of the Moscow Exchange Supervisory Board, stated that Russian traders pay about $15 billion in commissions to global exchanges each year, and local platforms aim to compete for this market. Experts point out that completely blocking foreign platforms is challenging and may push activities toward opaque channels.

Binance Co-CEO Richard Teng stated at the Consensus HK conference that the "1011 crash" event was not triggered by Binance, but rather that all exchanges globally experienced large-scale liquidations. Approximately 75% of the liquidations occurred around 21:00 Eastern Time, accompanied by isolated issues such as stablecoin de-pegging and delays in asset transfers.Teng pointed out that on that day, the U.S. stock market's market capitalization fell by about $1.5 trillion, with stock market liquidations amounting to approximately $150 billion, while the total liquidations in the crypto market were about $19 billion, affecting all exchanges. Binance provided support to affected users, while other exchanges did not take similar measures. Last year, Binance's trading volume reached $34 trillion, with 300 million users, and data did not show any large-scale withdrawals from the platform.He added that the market is temporarily affected by geopolitical and interest rate uncertainties, but institutions are still continuously entering the crypto market, indicating that "smart money" is still positioning itself. Teng emphasized that long-term participants should focus on the fundamental development of the crypto industry; although retail demand is relatively subdued, institutional deployments and corporate participation remain strong.

According to Lookonchain monitoring, in the past 5 hours, a wallet associated with Galaxy Digital (FFDAa) deposited 200,000 SOL, worth 16 million dollars, to Binance, OKX, and Bybit.

According to Coinpost, the Financial Services Agency of Japan has released the "Cybersecurity Enhancement Guidelines (Draft) for Cryptocurrency Exchanges" and has begun a public consultation, with a deadline of March 11. The draft indicates that the methods of cyber attacks targeting cryptocurrency exchanges are becoming increasingly complex, with a rise in indirect attack methods such as social engineering and breaches through outsourced service providers. Relying solely on cold wallets is no longer sufficient to ensure security, and there is a need to strengthen overall supply chain security management.The draft also mentions suspected state-sponsored attacks and emphasizes the importance of asset protection from the perspective of national wealth preservation. The plan is based on three pillars: self-help, mutual assistance, and public assistance. In terms of self-help, it proposes to impose cybersecurity self-assessments on the cryptocurrency exchange industry starting from the fiscal year 2026 and to enhance security standards; for mutual assistance, it will strengthen the functions of industry self-regulatory associations and promote corporate participation in information-sharing organizations; for public assistance, it will continue to conduct international joint research, aiming for full industry participation in cybersecurity exercises within three years and conducting real environment penetration tests on some operators in 2026.

CZ posted on the X platform that, compared to all other centralized exchanges, Binance users hold the highest proportion of most stablecoins, including USDT, USDC, USD 1, and U.

According to the latest in-depth report by ChainCatcher, as liquidity in the cryptocurrency market continues to be under pressure and the trading activity of native assets declines, an increasing number of exchanges are turning their growth focus towards the on-chainization and derivatives trading of traditional assets such as metals and U.S. stocks. Among them, Gate is gradually demonstrating its platform advantages in this round of "all-asset competition" due to its early establishment of a complete product system and leading trading activity.Data from Coinglass shows that during the recent fluctuations in metal prices, the 24-hour trading volume of Gate's XAUT contracts remained stable in the range of $300 million to $500 million, with trading activity ranking among the top in the world for similar assets. In addition, Gate has maintained a high level of trading stickiness during the downturn in crypto spot markets through methods such as TradFi launch celebrations and trading incentives, with its strategy leaning more towards a "long-term retention" approach to all-asset expansion.ChainCatcher believes that as the industry gradually shifts from the "crypto narrative internal cycle" to a new stage of "global asset on-chain," the core of exchange competition is no longer just the speed of new listings, but rather the ability to find a balance between compliance boundaries, liquidity support, and risk management. From the current progress, Gate is occupying a more advantageous position in this structural shift and is expected to continue amplifying its first-mover advantage in the next stage of the integration of TradFi and the crypto market.

CryptoQuant analyst Darkfost published an analysis stating that as Bitcoin's price gradually retraced from its historical high in October to around 50%, the amount of stablecoins flowing into exchanges is increasing. By the end of December 2025, the weekly average inflow of stablecoins (7-day moving average) had dropped to $51 billion, reflecting a lack of demand faced over the past few months. Today, the inflow has reached $98 billion, doubling and just surpassing the 90-day average of $89 billion.This indicates that the pace of capital deployment has accelerated in recent weeks, and the market clearly needs funds. Although the selling pressure in the market remains too high and has not been fully digested, this is still a positive signal as it suggests that investor interest is gradually recovering.

He Yi posted on the X platform, stating that some users in the community initiated a "withdrawal campaign." However, after this action was launched, the amount of assets in Binance addresses actually increased. Regularly initiating withdrawals on all trading platforms is a very effective stress test. He reminded users to carefully verify addresses during the withdrawal process to reduce the risk of operational errors, as blockchain transfers, once completed, are usually irreversible.He Yi also mentioned that he is learning to view everything with a positive mindset, such as how price drops may present opportunities to acquire high-value assets at lower prices, and how FUD can enhance the awareness of Binance among those who were previously unfamiliar with it. He emphasized that these views do not constitute investment advice.

According to the U.S. Department of the Treasury, the Office of Foreign Assets Control (OFAC) has sanctioned two digital asset exchanges, Zedcex Exchange and Zedxion Exchange, for the first time due to their connections with Iranian businessman Babak Morteza Zanjani. This marks the first time that OFAC has sanctioned digital asset exchanges for operating in the Iranian economic and financial sector.Since its registration in August 2022, Zedcex has processed over $94 billion in transactions. Multiple addresses from these two exchanges have previously handled funds for wallets associated with the Islamic Revolutionary Guard Corps (IRGC) in Iran. Additionally, OFAC has sanctioned several Iranian officials, including Iranian Interior Minister Eskandar Momeni Kalagari, accusing them of being responsible for domestic violence repression in Iran.

Data from the Indonesian Financial Services Authority (OJK) shows that by the end of 2025, despite the number of cryptocurrency users exceeding 20 million, about 72% of licensed exchanges have not turned a profit. The total trading volume in 2025 is expected to drop to 4,822.3 trillion Indonesian rupiah (approximately 30 billion USD), a significant decline from 6,500 trillion in 2024.Indodax CEO William Sutanto pointed out that Indonesian traders are turning to overseas platforms in search of lower fees, faster withdrawal speeds, and to avoid local tax burdens. Domestic exchanges face tax and compliance costs, while overseas platforms can be accessed via VPN without such burdens.After the regulatory authority was transferred from Bappebti to OJK in January 2025, 29 exchange licenses have been issued, intensifying competition. International giants like Binance and Bybit have entered the market, further squeezing local players. Additionally, Indodax is under investigation by OJK due to customer fund losses of approximately 600 million Indonesian rupiah (about 38,000 USD).

The Financial Services Commission (FSC) of South Korea has proposed to limit the shareholding ratio of individuals or companies in cryptocurrency exchanges to 15-20% to avoid conflicts of interest. The FSC chairman stated that exchanges have become part of the financial system and should establish corresponding governance structures. The proposal views exchanges as public infrastructure but has faced opposition from the ruling Democratic Party and the industry.Currently, major exchanges in South Korea are controlled by single founders or companies: Upbit operator Dunamu's founder holds 26%, Nexon owns over 60% of Korbit, Binance controls over 67% of GOPAX, and Coinone's founder holds 53%. Analysts point out that while the regulatory stance is firm, friction with the government and industry will continue, creating a potential deadlock. If the new regulations are implemented, all major exchanges will need to adjust their equity structures.

Robinhood CEO Vlad Tenev stated that tokenized stocks are expected to alleviate or even avoid the frequent trading freeze issues seen in traditional exchanges, and their implementation in the U.S. market is "almost inevitable."In a post on the X platform, Tenev reflected on the 2021 trading freeze events involving meme stocks like GameStop, which were among the most significant systemic failures in the stock market in recent years, rooted in the lengthy stock settlement cycles and complex clearing rules at that time. Tenev pointed out that although the U.S. stock settlement cycle has been shortened from two days to one day, settlements can still extend to three to four days during Fridays or long holidays, and systemic risks still exist.He believes that putting stocks on the blockchain in a tokenized form can achieve real-time settlement through blockchain technology, thereby reducing the risk exposure of clearinghouses and brokerages, and alleviating market pressure during periods of high volatility. Tenev also emphasized that as the U.S. Securities and Exchange Commission explores tokenized securities and Congress advances the CLARITY Act, the current moment is a critical window for promoting the regulatory framework for stock tokenization.

According to South Korean media reports, in order to improve the governance structure of digital asset exchanges and address monopoly issues, the Financial Services Commission of South Korea discussed the idea of pooling a portion of exchange profits into a common fund while formulating the "Guidelines for Professional Investment Companies Participating in the Virtual Asset Market." Currently, the idea of a common fund remains in the conceptual stage, and no specific direction has been determined.Given the current market landscape, the top five Korean won exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) account for over 90% of the market share, so this proposal may only apply to a few top exchanges.