DUBAI, UAE, Feb. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has completed a fresh round of audit on Feb. 23, 2025 conducted by leading cybersecurity firm Hacken. The independent third-party report is published after Bybit restored reserves levels to a 1:1 ratio for in-scope digital assets within 72 hours following a major incident on Friday, Feb. 21.
A full audit of all relevant wallets containing 40 asset types, by way of proof of liabilities and ownership, verified that Bybit possesses sufficient reserves to cover user assets 1:1 across the board. Key assets including BTC, ETH, SOL, USDT and USDC exceed 100% collateral ratios on Bybit. Held to high standards of transparency and prudence, Bybit reaffirms its commitment to fiscal vigilance and customer protection under all circumstances.
“Bybit fully backs all customer assets entrusted to our platform, maintaining a dynamic ratio of over 1:1,” said Ben Zhou, Co-founder and CEO of Bybit. “We are fortunate to have all-weather friends in a cut-throat industry—our peers and even competitors stood with us during challenging times, and our customers deserve the same level of commitment,” he added.
Key Highlights of Bybit’s 19th PoR Audit:
- Comprehensive Audit Process: Hacken conducted an extensive audit of Bybit’s liabilities, utilizing the Merkle tree to verify the integrity of the assets reported.
- User Address Verification: Hacken obtained information from Bybit management regarding all public key addresses holding in-scope assets and verified expected blockchain transactions to confirm control and ownership.
- Rigorous Validation Procedures: The validation process included a thorough review using the official Merkle proof validation methods, ensuring the accuracy of the reported liabilities.
“Bybit’s focus on transparency through regular Proof of Reserves audits and independent assessments sets a strong standard within the industry. We appreciate being part of this important initiative during this critical period,” said Yevheniia Broshevan, Co-Founder & CBDO at Hacken.
As of Feb. 24, Bybit fully closed the ETH gap of client assets within 72 hours. This was achieved through strategic partnerships with firms like Galaxy Digital, FalconX, and Wintermute, along with support from Bitget, MEXC and DWF Labs, who helped Bybit replenish the reserves in record time. The rapid execution of these funding strategies underscores Bybit’s robust industry relationships and its capability to maintain platform stability during challenging times, reflecting the industry’s shared vision of a new era of reliable financial system.
By prioritizing independent verification and comprehensive audits, Bybit reinforces its commitment to user trust and transparency. The exchange regularly reviews best practices, emergency responses, and security infrastructure to meet the rising challenges and demands in the digital asset industry.
Bybit’s Proof of Reserves: https://www.bybit.com/app/user/audit-report
#Bybit / #TheCryptoArk / #ProofofReserves / #PoR
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
seoul, south korea, February 24th, 2025, Chainwire
MARBLEX, the web3 gaming ecosystem powered by global gaming giant Netmarble, and Dracoon Ventures, a web3 game-specialized VC, are officially opening applications for MBX/HACK the FUN. This hybrid program combines a hackathon with an acceleration initiative, designed to help web3 game developers build, refine, and successfully launch high-quality games on the MARBLEX ecosystem.
MBX/HACK the FUN is more than an accelerator—it’s a game launchpad. The program provides hands-on technical support, mentorship, and business acceleration opportunities for Web3 game studios. This program is tailored for teams that already have a playable build or are in advanced development stages. In addition, the program participants will have the opportunity to showcase their projects at Token2049 Dubai in April, where they can connect with potential partners, investors, and publishers.
Over the course of four weeks, game studios and developers will refine their gameplay, tokenomics, and go-to-market strategies with guidance from the hosts and top-tier web3 gaming experts. The program will culminate in The FUN Fest, a high-profile demo day, and an immersive gaming event in Dubai, where finalists will pitch their games to industry leaders, investors, and major gaming ecosystem partners. Winning teams will receive a $100K+ prize each, post-program acceleration, follow-up funding opportunities, and marketing support to ensure a successful launch and long-term growth within the MARBLEX ecosystem.
Applications are now open and will close on March 10, 2025(CET). Developers interested in joining the program can apply through the official website (https://mbxhack.fun). This is an opportunity for web3 game creators to work with a leading global publisher and connect directly with real players for success.
About MARBLEX
MARBLEX is the web3 gaming ecosystem powered by Netmarble, one of the top global game publishers. MARBLEX merges blockchain technology with immersive gaming experiences, offering seamless access to Web3 services, including wallets, DeFi SWAP, and NFT marketplaces.
Users can learn more at https://marblex.io
About Dracoon Ventures
Dracoon Ventures is a web3 game-focused VC, providing early-stage investments and growth acceleration services to web3 gaming startups. With deep expertise in both traditional and web3 gaming, Dracoon Ventures supports the next generation of gaming pioneers.
Users can learn more at https://dracoon.ventures
Press Contact:
Eunielle Yi / eunielle@dracoon.ventures
Contact
Partner
Eunielle Yi
Dracoon Ventures
eunielle@dracoon.ventures
Dubai, United Arab Emirates, February 23rd, 2025, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new API updating a black list of suspicious wallet addresses identified so far. The API will allow ethical security experts to race against time to streamline and expedite their efforts in recovering the compromised funds.
The current list of addresses is the result of the tireless work of some of the best white hats and investigators the industry has to offer, within three days of the largest heist in crypto. Bybit has received thousands of tips from colleagues in the industry, demonstrating a remarkable spirit of cooperation in the face of adversity.
As internal and external teams work diligently together, the elite task force confirmed a list of malicious addresses which will be made available to verified partners through an automated interface. This collaborative effort will help streamline the security response and enhance security across the network.
Bybit will continually update this list to ensure cyber defenders and security partners can effectively intercept fraudulent activities. Successful interceptions will be rewarded with a 10% bounty, reinforcing its commitment to securing the industry as a whole.
Looking ahead, Bybit will announce in due time a HackBounty platform currently under development, designed to empower the entire industry in tracking down hackers. Security insiders are encouraged to stay tuned for this innovative initiative.
“I am energized by the incredible camaraderie on-chain and in real life. This can be a transformative moment for our industry if we get it right. Together, we can build a stronger defense system against cyber threats,” said Ben Zhou, co-founder and CEO of Bybit.
Bybit will continually update this list to assist partners in effectively intercepting fraudulent activities. Successful interceptions will be rewarded with a 10% bounty, reinforcing its commitment to securing the industry as a whole. Interested parties may find out more about Bybit’s Bounty Rewards Program by reaching out to: bounty_program@bybit.com
Crypto’s Defense Alliance
The concerted efforts have formed an industry-wide alliance in one of crypto’s defining moments. Bybit has shared a list of individuals, entities, and teams who have contributed to the Hail Mary mission. The “thank-you list” includes but is not limited to the following partners and peers and is growing by the hour:
- Mandiant, Verichain, and Sygnia.co are providing crucial forensic analysis, and uncovering the facts behind the hack incident.
- ZeroShadow activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.
- Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT swiftly tagged exploit-related addresses on-chain, restricting the attacker’s ability to launder stolen assets.
- SlowMist, BlockSec, and BEOSIN delivered expert security advisory services and insights.
- VerifyVASP, AML Bot, and CryptoForensic contributed critical compliance and risk assessment solutions, enhancing the overall security response.
- Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Across.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, and cBridge facilitated essential cross-chain security measures, and stopping the hacker.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
- Okto Platform Live On Testnet: Pioneering blockchain adoption and enabling seamless cross-chain transactions across major networks like HyperLiquid, Aptos, Solana, and EVM.
- The live testnet link for Okto: https://testnet.okto.tech/
BENGALURU, India, Feb. 22, 2025 /PRNewswire/ — Okto, a complete chain abstraction platform, is thrilled to announce the official launch of Okto Platform Testnet – the industry’s first Complete end-to-end chain abstraction solution. This groundbreaking solution is set to redefine the landscape of blockchain interoperability by simplifying decentralized application (dApp) development, cross-chain transactions, and multi-chain innovation. The platform enables seamless communication across a range of leading blockchain ecosystems, such as all EVM chains, HyperLiquid (HL), Aptos, Solana, and Cosmos chains/ecosystems.
Okto’s chain abstraction technology is already delivering impressive results, with real-world success stories across gaming, social and DeFi applications that showcase its efficiency and transformative potential. The Okto Wallet, has facilitated the creation of over 12 million wallets, integrated more than 50 protocols, and supports over 20 EVM and Alt-VM chains. Okto has already clocked in $1 billion in Monthly Recurring Revenue.
Neeraj Khandelwal, Co-Founder of Okto & CoinDCX, said “We have been developing our Chain Abstraction technology for over two years, collaborating closely with prominent blockchain networks to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been exceptional. Okto’s core mission has always been to simplify the user experience, ensuring it mirrors the simplicity and efficiency of Web2 with just a single click. We are now empowering developers with the ability to seamlessly integrate Web3 functionalities into their applications with unprecedented ease and efficiency.”
Rohit Jain, Head of DeFi Initiatives at Okto and CoinDCX, said: “We built a world-class team and collaborated with industry leaders such as Nethermind, Silence Laboratories, Across Protocol, and Agoric. By leveraging cutting-edge security from EigenLayer and Polygon CDK, each partnership brought vital expertise to our mission. Today, we stand at a pivotal moment with the launch of the Okto Platform Testnet.”
“While collaborating with multiple networks co-building on the Okto platform, one key piece of feedback from developers has been the significant reduction in development time—by over 90%. Okto does the heavy lifting of abstracting Web3 complexities across fragmented ecosystems and empowers developers to offer their end users a frictionless, single-click experience. This allows developers to focus on their core product.”
SOURCE Okto
Denver, Colorado, February 20th, 2025, Chainwire
Returning to ETHDenver on February 26th, the Open AGI Summit will bring together industry leaders to explore the intersection of AI, blockchain, and the evolving landscape of AGI.
This year’s summit, presented in partnership with Amazon Web Services (AWS) and Sentient, will discuss the transformative potential of AI agents, decentralized finance AI (DeFAI), decentralized AI infrastructure (DeAI Infra), and the role of blockchain in creating a more open, transparent, and accessible AI ecosystem.
As AI continues to evolve at an unprecedented pace, the Open AGI Summit aims to address one of the most pressing questions of our time: Who will control the future of AI? Will it be dominated by a handful of corporations, or will it be an open, decentralized ecosystem that empowers innovation and equitable access for all?
Sandeep Nailwal, Co-founder of Polygon and Core Contributor to Sentient, expressed his excitement for the event, stating:
“As AI continues to advance at an unprecedented rate, we face a critical decision. Do we allow a handful of corporations to dominate this powerful technology, creating a closed world where innovation is stifled and benefits are concentrated? Or do we choose a future where AI is open, transparent, and accessible to all, fostering a more equitable and prosperous society? Blockchain technology offers the promise of such an open world, ensuring that the benefits of AI are distributed fairly and that its development is guided by collective values.”
What to Expect at the Summit
Attendees will gain valuable insights from a distinguished lineup, with previous events featuring speakers such as Vitalik Buterin (Ethereum Co-Founder) and Balaji Srinivasan (former Coinbase CTO). Set to speak at the Denver summit are:
- Brad Feinstein, Head of Web3 Startups at AWS
- Sandeep Nailwal, Co-Founder of Polygon
- Illia Polosukhin, Co-Founder of NEAR Protocol
- Sreeram Kannan, Founder of EigenLayer
…and more to be announced soon.
The summit will bring together developers, researchers, and thought leaders to tackle the ethical and technological challenges in the pursuit of Artificial General Intelligence (AGI). Attendees will have the opportunity to engage in meaningful discussions about AI loyalty, decentralization, governance, and the long-term impact of AI and crypto on society.
Apply for Your Complimentary Ticket
The next Open AGI Summit will take place on February 26th from 11 AM to 6 PM in Denver, with the venue to be announced soon. Due to high demand and expected oversubscription, attendees are encouraged to apply for their complimentary ticket now at https://lu.ma/asjsb6k7.
About The Open AGI Summit
The Open AGI Summit is a platform for exploring the intersection of AI and decentralized technologies. We believe that transparent and open-source AI development, empowered by blockchain, is essential for a future of safe and beneficial AGI.
Learn more about Open AGI Summit here: https://openagi.xyz
Contact
Market Across
pr@marketacross.com
New York City, United States, February 20th, 2025, Chainwire
Bringing over $1B in on-chain assets to Aptos from day one.
PACT Protocol today launched on Aptos Network, bringing fully on-chain lending and securitization infrastructure for licensed lenders in emerging markets to the high-performance blockchain. This launch brings over $1 billion in on-chain assets onto Aptos and follows nine months of incubation and collaboration with the Aptos Foundation.
PACT enables lenders to originate, securitize, and service loans with greater efficiency, as well as ensure borrowers, originators, and institutional investors can operate in a transparent, efficient, and scalable financial environment. PACT is the first participant in Aptos Foundation’s incubation pilot, a program aimed at supporting and scaling high-impact blockchain projects. Aptos Labs provided strategic and technical consultation for the partnership.
On-chain credit infrastructure is transforming global finance, particularly in emerging markets where traditional banking services remain out of reach for 85% of the world’s population. By launching on Aptos, PACT is expanding access to credit in underserved markets, making borrowing more affordable and inclusive globally.
“This partnership is expanding financial access to those who need it most– users who live in emerging markets across the globe,” said Ash Pampati, Head of Ecosystem, Aptos. “I’m thrilled to see the impact it will have on the Aptos ecosystem and beyond.”
“This is what real-world blockchain adoption looks like,” said Solomon Tesfaye, Head of Capital Markets at Aptos Labs, who provided strategic consultation for the partnership. “PACT’s integration with Aptos provides a transparent and scalable solution that reduces costs and expands credit opportunities for underserved communities worldwide.”
PACT chose Aptos for the network’s institutional-grade infrastructure, scalability, and adoption in the financial sector. With support for native USDC and USDT, high-profile integrations, and the ability to process high transaction volumes with low fees, Aptos ensures seamless credit flows while maintaining security and reliability through its Move programming language. PACT Protocol utilizes BitGo for custody and compliance, the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries.
“PACT’s transition to Aptos unlocks greater efficiency, broader institutional adoption, and real-world financial impact,” said Joshua March, President of Pact Labs, the technology and infrastructure provider behind the PACT Protocol. “With Aptos, we’re driving new levels of scalability, security, and speed, fundamentally transforming how credit markets operate on-chain.”
The PACT Protocol enables fintech lenders, institutional investors, and capital market participants to issue, manage, and securitize loans directly on-chain, reducing costs and expanding access to global credit markets. PACT has rapidly grown into one of the largest on-chain lending ecosystems, facilitating billions in loan originations while integrating with major financial institutions, stablecoin issuers, and DeFi platforms.
All existing PACT holders will have the opportunity to migrate their tokens to Aptos via an official 1:1 token bridge. The bridge will be available soon, with clear instructions provided. The total supply of PACT remains unchanged. While the Celo PACT token will continue to support ongoing initiatives, future governance, and ecosystem development will take place on Aptos as PACT transitions to its upgraded token. Community members are encouraged to participate in the migration to take full advantage of Aptos’ enhanced infrastructure, broader institutional adoption, and continued ecosystem growth.
For more information on PACT’s migration and how to participate, users can visit https://pact.foundation/
About Aptos Network
Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology, scalable infrastructure, and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users.
About Aptos Foundation
Aptos Foundation is dedicated to supporting the development of the Aptos protocol decentralized network and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, the Aptos Foundation aims to bring the benefits of decentralization to the masses.
About PACT Protocol
PACT Protocol is a permissioned smart contract platform that powers loan origination, payments, warehousing, and securitization fully on-chain. Designed to connect borrowers with global capital, the protocol provides a standardized and transparent lending framework while leveraging blockchain technology to streamline financial processes. Initial development was led by Pact Labs, which continues to support the ecosystem with tools like dashboards, APIs, and SDKs to simplify integration for originators.
Contact
Communications Lead
Hannah Noyes
Aptos Labs
hannah@aptoslabs.com
Zug, Switzerland, February 20th, 2025, Chainwire
Supra, the fully vertically integrated Layer-1 blockchain built with MultiVM support, in-protocol oracles, native onchain randomness, cross-chain communication, and automation capabilities, is pleased to announce the launch of its “DeFi Revolution” campaign, an industry-shifting drive to put more power, and more value back into the hands of DeFi builders and users.
With the full vertical integration of smart contracts, native oracles, and enshrined automation into Supra’s high-performance Layer 1 blockchain, they’re introducing truly novel chain-level strategies for auto-arbitrage, auto-liquidations, and MEV protection to pioneer a new DeFi paradigm; one that eliminates inefficiencies, prevents external forces from taking value away from the ecosystem, and creates a fairer and more transparent ecosystem.
“DeFi today is still ‘dependent finance,'” said Joshua Tobkin, CEO and Co-Founder of Supra. “Protocols rely on external liquidators, arbitrageurs, and MEV exploiters, all of whom take some value away from the ecosystem — and from the community. This so-called ‘DeFi’ landscape has deep flaws—but with Supra’s fully integrated stack, we’re giving builders the tools to take back control, increase execution quality, and create a DeFi ecosystem that works for them. This is the DeFi Revolution.”
Supra’s DeFi Revolution: Protecting User’s Value, Upgrading Execution Quality
Supra’s native Layer 1 automation removes the need for external actors to facilitate DeFi transactions, ensuring more value stays within the ecosystem by seriously upgrading their DeFi execution quality. This will be achieved through three game-changing execution mechanisms:
- MEV Resistance: Mitigates toxic front-running & sandwich attacks with transaction ordering randomization using Supra’s cryptographic threshold signature scheme.
- Auto-Liquidations: Native automation enables zero-block delay liquidations, preventing cascading failures and maintaining DeFi protocol solvency.
- Auto-Arbitrage: Ensures tighter spreads and better pricing by executing arbitrage trades at the protocol level, keeping profits within the ecosystem.
Now, while MEV resistance keeps transaction execution fairer and retains more value in the hands of traders and builders, auto-liquidations and auto-arbitrage is expected to generate a fresh source of sustainable revenue for the network. Supra plans to use this in two ways:
- Revenue Sharing: Value captured through these systems is planned to be split as rev-share across dApps, node operators, and treasury.
- Decentralized Network Treasury: Part of the network revenue fuels a network-owned treasury ruled by decentralized governance — controlled by the community, for the community.
“Execution quality is the north star for Supra,” said Tobkin. “With these new automated execution systems, we’re working towards ensuring fairer transactions, better liquidity, and stronger DeFi incentives, all without reliance on external actors that take value away from the network.”
Join the DeFi Revolution on Supra
Supra’s DeFi Revolution is just getting started, and builders, liquidity providers, and DeFi users alike are invited to be part of this new era of execution quality, fair incentives, and sustainable value flow.
- Visit Supra’s DeFi Revolution – Info Page
- Start Building DeFi on Supra – Apply Now
- Explore DeFi dApps on Supra – View Projects
- Join the Community – Discord | X | Telegram
About Supra
Supra is an all-new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer-1 with MultiVM compatibility. It’s designed to give developers all the tools they need to build on one chain, enabling a new breed of Super dApps.
Supra is also a leading provider of oracle price feeds and verifiable randomness across 80+ blockchains with Layer-1 security guarantees. They focus on solving real problems for dApp developers and scaling Web3, supported by a developer toolkit with extensive guides and technical whitepapers.
Contact
Marketing Manager
James Preston
SUPRA Foundation
j.preston@supraoracles.com
VIENNA, Feb. 20, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, has announced that KuCoin EU Exchange GmbH is in the midst of filing an application for a MiCAR license in Austria. This application underscores KuCoin’s commitment to meeting the highest standards of regulatory compliance while solidifying its presence in the EU/EEA region.
The MiCAR license will enable KuCoin EU to serve its customers across all 30 EU and EEA member countries, ensuring consistent access to crypto products and services under a robust regulatory framework. This initiative aligns with KuCoin’s vision of fostering transparency, trust, and accountability in administering best-in-class digital asset services, offering users a secure and compliant trading platform.
KuCoin EU will set up its headquarters in Vienna, Austria, marking the city a strategic hub for all European activities and is actively hiring talents for its operations. The decision to choose Austria was primarily driven by the timely implementation of the MiCAR accompanying laws, stable and foreseeable regulatory environment as well as the huge talent pool. KuCoin EU acknowledges Austria’s efforts, e.g. driven by the City of Vienna, in creating a transparent, efficient, and best-in-class framework for crypto businesses to operate while safeguarding investors interests and fostering innovation in the financial sector.
Commenting on the establishment of the EU hub, KuCoin’s CEO BC Wong said “As a globally leading crypto exchange, we place compliance and user experience at the forefront of our mission. Today, I am proud to announce the establishment of our new EU hub in Vienna and that KuCoin EU intends to file for a MiCAR application in Austria. This marks a significant milestone in our steadfast commitment to executing a global, compliant strategy. Upon receiving a MiCAR license, we will enter the EEA market, which we deem strategically important. By advancing our compliance efforts, we are poised to better serve local users with more convenient, secure, and seamlessly localized products and experiences. We remain dedicated to fostering a transparent, responsible, and sustainable global digital asset ecosystem.”
Oliver Stauber, former General Counsel and Managing Director at Bitpanda, and Christian Niedermueller, former CEO of another European digital asset exchange, both veterans of the European crypto industry and seasoned financial executives with legal background, have been appointed as the Managing Directors of KuCoin EU Exchange GmbH. Stauber and Niedermueller bring extensive expertise in financial market regulation and crypto exchange management, strengthening KuCoin’s leading position as it navigates the complexities of Europe’s evolving crypto regulations while ensuring a successful and regulatory compliant business operation in the EU and EEA.
“I am absolutely thrilled to embark on this journey as the CEO of KuCoin EU, where we are set to revolutionize the crypto landscape across the EU and EEA with innovative products and services. At KuCoin EU, our mission is clear: to create Europe’s premier, regulatory-compliant crypto asset service provider. We are excited to announce that we will apply for a MiCAR license in Austria. Upon receiving the MiCAR license we are committed to delivering secure, compliant, and cutting-edge crypto solutions that will redefine trust and innovation in the EU’s fintech arena. Get ready for a new era in crypto!” – Oliver Stauber, CEO of KuCoin EU
“After having scaled up another European exchange and having my toes in the digital asset industry now for more than 9 years, I am very happy to help bringing KuCoin to the next level in Europe. We aim to build a fantastic local team, have a sophisticated localized operational & product setup and also strengthen brand awareness massively in the years to come. Being a KuCoin customer myself since the very beginning in 2017, I couldn’t be prouder to support KuCoin now at this stage.” – Christian Niedermueller, COO of KuCoin EU
Once KuCoin EU has been granted its MiCAR license, KuCoin EU will be well-positioned to provide services for European users, offering access to a wide range of digital assets while ensuring compliance with EU regulations. The company’s long-term vision includes contributing to the broader adoption of blockchain technology and strengthening the EU’s position as a leader in the global crypto ecosystem.
As KuCoin takes this step forward, the exchange remains focused on fostering innovation and trust in the digital asset space while aligning its operations with regulatory frameworks worldwide.
About KuCoin EU
KuCoin EU Exchange GmbH, based in Vienna, Austria, is committed to establishing a fully compliant digital asset brokerage under the MiCAR framework. By leveraging KuCoin’s advanced technology and nurturing the respected KuCoin brand, KuCoin EU aims to deliver secure and innovative crypto products and services to its customers within the European Economic Area (EEA).
KuCoin EU Exchange GmbH currently does not offer any services in the EU/EEA and will only commence operation upon receiving appropriate licensing.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 39 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
KuCoin is not licensed in the EU/EEA and does not actively offer any services in the EU/EEA.
Hong Kong, Hong Kong, February 20th, 2025, Chainwire
Hong Kong-based investment group Avenir Group has emerged as a major institutional player in the digital asset market, with its recent disclosure revealing a significant $599 million investment in Bitcoin ETFs. This strategic move not only underscores Avenir’s confidence in the future of digital assets but also marks a pivotal moment in its brand evolution and business strategy. 
*Avenir Group holds 11.3 million shares of IBIT, valued at approximately $599 million
Leading Institutional Investment in Bitcoin ETFs
Avenir Group’s latest 13F filing revealed a significant increase in Bitcoin ETF exposure, positioning it as Asia’s largest institutional holder of Bitcoin ETFs. As of December 31, Avenir owns 11.3 million shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at approximately $599 million. This strategic investment makes Avenir the largest holder of Bitcoin ETFs in Asia, highlighting its commitment to digital assets and financial innovation.
Institutional Surge in Bitcoin ETFs Accelerates Mainstream Adoption
The latest SEC 13F filings reveal a growing institutional appetite for Bitcoin ETFs. According to K33 Research, institutional investors held 25.4% of spot Bitcoin ETF assets by Q4 2024, totaling $26.8 billion. Throughout the quarter, major institutions—including investment firms, hedge funds, banks, and pension funds—significantly increased their holdings.
Originally established as Li Lin’s family office, Avenir Group has evolved into a leading investment group specializing in financial innovation and emerging technologies. The firm’s multi-asset, multi-strategy approach spans quantitative trading, public markets, private equity, and digital asset investments. Under its umbrella, DeepTrading operates independently as a high-frequency trading team, while the Avenir Foundation focuses on technology education and innovation.
Avenir Group firmly believes that the convergence of digital assets with traditional finance, alongside the fusion of financial innovation and emerging technologies, will redefine global markets. Committed to compliance and globalization, Avenir is strategically positioning itself to drive long-term, sustainable growth in the industry. With deep industry insights, exceptional investment performance, proprietary data models, and robust risk management systems, Avenir Group continues to pioneer new frontiers in Web3 and digital asset investments.
Demonstrating a Commitment to the Crypto Ecosystem
Avenir’s increased investment in Bitcoin ETFs aligns with its strategic initiatives to drive innovation in the digital asset market. In September 2024, the firm launched the $500 million Crypto Partnership Program to collaborate with top-tier quantitative trading teams worldwide. This program empowers high-performing teams with advanced technology to tackle key challenges in crypto trading. By fostering a technology-driven, highly efficient trading ecosystem, Avenir reinforces its commitment to the long-term growth and evolution of the global digital asset market.
About Avenir Group
Avenir Group, founded by Li Lin and named after the French word for “a better future,” is a pioneering investment group specializing in investments in financial innovation and emerging technologies. With a global presence spanning the U.S., U.K., Japan, Singapore, and Hong Kong, the firm leverages deep industry insights, outstanding performance, and self-developed data models and risk management systems, and maintains a leading position in the Web3 and digital asset sectors.
The group also operates its sub-brand DeepTrading, which focuses on high-frequency trading in the cryptocurrency market and runs the Avenir Foundation, a philanthropic initiative dedicated to supporting technology education and innovation, fostering global technological development, and talent cultivation.
For more information, users can visit https://avenir.hk/.
Contact
Marketing & Intelligence Director
Shawn Su
Avenir Group
shawn.su@avenir.hk
PANAMA CITY, Panama, February 19th, 2025, Chainwire
BingX, a global leading cryptocurrency exchange, has unveiled its new futures trading page. The update comes at a pivotal moment as the platform proudly stands among the world’s top five derivatives platforms in 2024, according to reliable reports from industry leaders CoinGecko and Coinglass. This distinction highlights not only BingX’s impressive trading volume but also its strategic brand evolution, alignment with the latest market trends, and continuous product and feature innovation. It further underscores the platform’s growing influence on the global crypto derivatives market, driven by a user-focused approach and its strong, adaptable capabilities.
A standout feature of BingX’s futures trading is its ability to provide access to the latest and most popular coins, including trending meme tokens. By offering early market access to these in-demand assets, BingX has established itself as the go-to platform for traders looking to seize emerging opportunities and capitalize on the hottest trends in the crypto space.
In addition, BingX offers both perpetual futures and standard futures, giving users the flexibility to take long and short positions with various margin modes. For more advanced traders, BingX also provides specialized trading tools such as grid trading and dollar-cost averaging (DCA), allowing users to adapt to different market conditions and maximize their trading potential. Since launching its copy trading feature in 2019, BingX has pioneered social trading, now hosting over 20,000 elite traders who offer customizable strategies for users to follow, trade, and earn.
BingX’s futures trading is also known for its innovative features that prioritize user experience. The Guaranteed Price Feature ensures that users can execute trades at preset prices without worrying about slippage, even during periods of market volatility. In addition, the Dual Price Mechanism protects users from unfair liquidations by validating prices through a reliable dual-price system. BingX’s commitment to enhancing capital efficiency is further reflected in its offering of BingX Wealth as a futures margin, allowing users to optimize their capital while managing their open positions.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on this milestone: “This update is aimed at providing users a comprehensive understanding of the platform’s futures trading capabilities, highlighting its strategic advantages, diverse product offerings, and innovative features. BingX’s rise to a top-tier position is a testament to our dedication to providing superior trading experiences. We are significantly increasing our investment in futures to further solidify our strategic position within the industry. This forward-thinking approach ensures we remain at the forefront of innovation, meeting the growing demands of our users and reinforcing our position as a leader in cryptocurrency trading.”
To ensure that users at all levels can navigate the platform with ease, BingX offers step-by-step tutorials and beginner guides to help users quickly learn platform features and trading processes, alongside regular promotions to boost engagement. To celebrate this achievement, BingX is launching a special campaign where users can earn rewards by depositing, trading, or exploring futures trading.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
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