centralized exchange (CEX)
Crypto
Taiwan Charged 32 People In $24M Crypto Fraud Linked to ACE Exchange
Taiwanese authorities charged 32 individuals with fraud and money laundering linked to the crypto trading platform Ace Exchange. According to a local news report, the Taipei District Prosecutors’ Office indicted 32 people, including Ace Exchange founder David Pan, his business partner, Lin Keng-hong, and former chairman Wang Chen-huan. According to the report, in 2019, the […]
Crypto
Binance Holds 43.7% Market Share Despite Regulatory Challenges
Binance maintained the largest centralized exchange (CEX), with a market share of 43.7%, according to data from CoinGecko. Spot trading volume on Binance soared to $427.1 billion in December 2023, a month-on-month (MoM) hike of 37.5% from the $310.6 billion recorded in November 2023. The research analyzed data from January 1, 2023, to December 31, 2023. It […]