Latest news with #exchange
Associated Press
14 minutes ago
- Business
- Associated Press
BTCC Exchange Honored with Triple Recognitions from FXEmpire in Comprehensive 2025 Industry Analysis
A Media Snippet accompanying this announcement is available by clicking on this link. VILNIUS, Lithuania, July 23, 2025 (GLOBE NEWSWIRE) -- BTCC, the world's longest-serving cryptocurrency exchange, is proud to announce that it has received three distinguished awards from FXEmpire following their comprehensive evaluation of over 50 centralized crypto exchanges in 2025. BTCC has been honored with the 'Lowest Fee Crypto Exchange,' 'Best Fiat-to-Crypto Trading Platform,' and 'Best Crypto Exchange in the USA' awards, cementing its position as an industry leader. The 'Lowest Fee Crypto Exchange' and 'Best Fiat-to-Crypto Trading Platform' recognitions underscore the platform's commitment to providing users worldwide with low fiat deposit fees across major currencies, including USD, CAD, EUR, and many others. Backed by multi-region licences, BTCC supports high transaction limits that ensure smooth and compliant fiat onboarding for traders globally. The 'Best Crypto Exchange in the USA' award recognizes BTCC's FinCEN licence in the U.S. and its commitment to transparency, as demonstrated by monthly Proof of Reserves reports that consistently maintain reserve ratios above 100%. 'We're truly honored and excited to receive these awards from FXEmpire,' said Aaryn Ling, Head of Branding at BTCC. 'These recognitions validate our commitment to providing traders with the most efficient, secure, and cost-effective cryptocurrency trading services, and reinforce our mission to uplift the industry's standard for quality trading.' With 14 years of proven security and reliability since 2011, BTCC continues to strengthen its position in the global cryptocurrency market. As an industry pioneer, BTCC remains committed to delivering reliable and accessible trading services to users worldwide. Learn more about the rewards on BTCC's website. About FXEmpire Established in 2011, FXEmpire is a globally recognized financial news platform. It offers up-to-date market news, detailed analysis, real-time quotes and charts, and expert reviews of brokers and crypto exchanges. About BTCC Exchange Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 9.1 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world. Official website: X: Contact: [email protected]
CNA
7 hours ago
- Business
- CNA
Japan says forex not included in trade deal with US, Kyodo reports
TOKYO :Japanese Finance Minister Katsunobu Kato said the bilateral trade deal with the United States did not include reference to foreign exchange rates, Kyodo news agency reported on Wednesday. Kato made the remarks to reporters at Japan's Ministry of Finance, according to Kyodo. President Donald Trump's focus on addressing the U.S. trade deficit and his past remarks accusing Japan of intentionally maintaining a weak yen have fuelled expectations that Tokyo would face pressure to strengthen the yen against the dollar to give U.S. manufacturers a competitive advantage. Kato has discussed exchange rate matters with U.S. Treasury Secretary Scott Bessent in talks Tokyo has described as separate from bilateral negotiations on tariffs and trade.
Yahoo
18 hours ago
- Business
- Yahoo
ETFGI: Active ETFs Hit Record $1.5T in Assets
Global actively managed exchange-traded funds climbed to a record $1.5 trillion in assets during June, powered by $46.8 billion in monthly inflows that pushed year-to-date flows to an unprecedented $267 billion, according to ETFGI data released Tuesday. The milestone represents a 26.7% jump in assets from $1.2 trillion at the end of 2024, according to ETFGI's June 2025 Active ETF and ETP industry landscape insights report. The active ETF surge reflects investor appetite for professional management as markets navigate economic uncertainty, with the industry posting 63 months of consecutive net inflows. Assets in actively managed ETFs have grown from $1.4 trillion in May to the new June record, with the category now representing a larger share of the broader ETF ecosystem, according to the report. The industry spans 3,805 actively managed ETFs from 573 providers listed on 42 exchanges across 33 countries. Equity-focused active ETFs gathered $24.7 billion in net inflows during June, bringing year-to-date inflows to $149 billion, higher than the $89.4 billion recorded through the same period in 2024, according to ETFGI. Fixed-income active ETFs reported $20.5 billion in June inflows, pushing year-to-date flows to $102.6 billion compared to $54.5 billion in 2024. JMTG Leads as Active ETF Momentum Grows The top 20 active ETFs by net new assets collectively gathered $19.7 billion during June, according to the report. The JPMorgan Mortgage-Backed Securities ETF (JMTG) led with $5.8 billion in inflows, followed by the JPMorgan Active High Yield ETF (JPHY) at just under $2 billion and the Direxion Daily TSLA Bull 2X Shares (TSLL) with $1.1 billion. JPMorgan products dominated the top inflow rankings, with the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) gathering $877.6 million and the JPMorgan Ultra-Short Income ETF (JPST) adding $752 million during the month, according to ETFGI data. Top 10 Actively Managed ETFs by Net New Assets June 2025 Fund Assets Under Management Year-to-Date Flows June Flows JPMorgan Mortgage-Backed Securities ETF (JMTG) $5.8B $5.8B $5.8B JPMorgan Active High Yield ETF (JPHY) $2B $2B $2B Direxion Daily TSLA Bull 2X Shares (TSLL) $6.2B $4B $1.1B YieldMax MSTR Option Income Strategy ETF (MSTY) $5.2B $4B $897.2M JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) $28.1B $7.9B $877.6M Janus Henderson AAA CLO ETF (JAAA) $21.8B $5.2B $876.5M Capital Group Dividend Value ETF (CGDV) $18.6B $4.5B $835.9M iShares U.S. Equity Factor Rotation Active ETF (DYNF) $19.2B $4.4B $784.4M Neos Nasdaq-100 High Income ETF (QQQI) $2.6B $1.8B $779.4M JPMorgan Ultra-Short Income ETF (JPST) $31.9B $3.7B $752M Source: & ETFGI Data Market performance supported the flows, with the S&P 500 rising 5.1% in June to bring first-half 2025 gains to 6.2%, according to Deborah Fuhr, managing partner, founder and owner of ETFGI. Developed markets outside the U.S. increased 3.2% in June and gained 20.3% year to date, while emerging markets rose 4.8% for the month with 11.4% year-to-date returns. The record-breaking year-to-date inflows of $267 billion surpassed the previous annual records of $153.5 billion in 2024 and $80 billion in 2021, according to the report. The sustained momentum reflects growing investor confidence in active management strategies within the ETF | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20 hours ago
- Business
- Bloomberg
Fully Autonomous Retail Developer VenHub Plans Direct Listing
VenHub Global Inc. plans to undertake a direct listing on a US exchange after the developer of fully automated retail stores abandoned an earlier plan to go public by merging with a blank-check firm. The company, which uses robotics and artificial intelligence to automate its operations, filed confidentially with the US Securities and Exchange Commission last week, according to Shahan Ohanessian, VenHub's founder and chief executive officer. In a direct listing, a company lists on a stock exchange without raising any new funds.
Yahoo
4 days ago
- Business
- Yahoo
Indian crypto exchange CoinDCX gets reportedly hacked for $44M
Indian crypto exchange CoinDCX gets reportedly hacked for $44M originally appeared on TheStreet. The Indian centralized exchange CoinDCX has reportedly been drained for nearly $44.2 million almost 17 hours ago, the on-chain sleuth ZachXBT claimed on July 19. The attacker address was funded with 1 Ethereum from Tornado Cash and later bridged a portion of the stolen funds from Solana to Ethereum, the sleuth said. Tornado Cash is a non-custodial cryptocurrency mixer. "The affected CoinDCX hot wallet is not publicly tagged or in current proof of reserves so I had to manually attribute it via reviewing counterparties," ZachXBT added. They also identified the theft address on their Telegram channel, "Investigations by ZachXBT." ZachXBT credited Cyvers Alerts for flagging the suspicious withdrawals. Customer funds not impacted, CEO claims CoinDCX co-founder and CEO Sumit Gupta responded on X, "Today, one of our internal operational accounts - used only for liquidity provisioning on a partner exchange - was compromised due to a sophisticated server breach." Gupta added, "I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe." Gupta told CoinDCX users that the exploit didn't impact any customer funds, and customer assets remain completely safe and protected in their secure cold wallet infrastructure. All trading activity and INR withdrawals are fully operational on the exchange, he CoinDCX CEO also claimed that the incident was quickly contained by isolating the affected operational account. The exchange's operational accounts are segregated from customer wallets, so the exposure is only limited to this specific account and is being fully absorbed from CoinDCX's own treasury reserves, he said to reassure the exchange's customers. Gupta also said that CoinDCX is collaborating with its exchange partner to block and recover stolen assets and will soon launch a bug bounty program. Co-founder confirms $44M loss CoinDCX co-founder Neeraj Khandelwal said the exchange's treasury assets have lost around $44 million; the amount, he said, has been ascertained both internally and externally. When a user asked about the delay in releasing a statement, Khandelwal said the platform's priority was to first secure the assets before making any public users complained about not being able to view their portfolio pages or the app acting abnormal. Khandelwal blamed "excessive load on the platform" for portfolio APIs getting jammed. After some time, Khandelwal said the portfolio is back. However, the comment section had users complaining about CoinDCX showing lower returns than other exchanges and even losing funds. Web3 trading halted Khandelwal also said the exchange is working with multiple crypto forensics agencies to recover lost funds from their treasury. Khandelwal added: "Coindcx Web3 is not functional at the moment out of abundance of precaution. Customers funds in the Web3 section are also safe. Web3 trading will resume shortly and we will keep you updated." Not the first crypto hack in India CoinDCX isn't the first Indian crypto exchange to suffer an exploit. WazirX, another Indian crypto exchange, was hacked for $234 million a year ago on July 18, 2024. The exploit was attributed to the notorious North Korea-linked Lazarus group. Indian crypto exchange CoinDCX gets reportedly hacked for $44M first appeared on TheStreet on Jul 19, 2025 This story was originally reported by TheStreet on Jul 19, 2025, where it first appeared. Sign in to access your portfolio
