exchanges

According to CoinDesk, XRP's trading volume on major exchanges in South Korea exceeded that of Bitcoin and Ethereum within 24 hours.In the past 24 hours, the XRP/KRW trading pair on Upbit had a trading volume of approximately $110.9 million, surpassing Bitcoin's $88.6 million and Ethereum's $67 million; it ranked second on Bithumb, only behind USDT/KRW.South Korea has been one of the most active speculative markets for XRP, but the price of XRP has only fluctuated slightly, ranging between $1.44 and $1.45, with a weekly increase of about 3%, still unable to break through the resistance zone of $1.49 to $1.50 since February.The South Korean Kospi index fell sharply on Tuesday due to comments on tax policies, indicating that market risk appetite is sensitive, with investors focusing on trading XRP rather than broadly chasing high-risk assets.

According to data released by Binance Research, currently 28% of Binance users allocate at least half of their investment portfolio to stablecoins, a significant increase from 4% in 2020; in emerging markets, this proportion is as high as 36%.

Santiment stated on the X platform that Tether (Ethereum-based) experienced the largest outflow of funds from exchanges in nearly three months, with a net outflow of $1.29 billion (USDT) on Friday. Such a large-scale USDT outflow typically reflects institutional or whale-level participants moving funds to self-custody wallets, DeFi protocols, or over-the-counter trading platforms in preparation for larger operational plans. This is merely a reallocation of funds, not a complete exit from the ecosystem.Santiment suggests closely monitoring what typically happens after these peaks in outflows. Previously, on February 9, when outflows reached $3.72 billion, Bitcoin experienced a slight pullback in the following two weeks (before an ideal buying opportunity on February 24). Whether the current funds will flow back into exchanges in the form of buying in the short term is a key variable to watch closely. If USDT starts to flow back into exchanges in the coming days, it indicates that a wave of investment in crypto assets is imminent.

Web3 asset data platform RootData has outlined 30 Web3 business partners of Bybit, covering multiple key layers such as institutional custody, stablecoins, blockchain infrastructure, DeFi protocols, and real-world payments. From the funding perspective, partners like Circle, Tether, and Ethena indicate that Bybit has begun to deeply engage in liquidity structures related to stablecoins and RWA. In particular, RWA protocols like Ondo and Backed are essentially helping on-chain funds gradually access U.S. Treasuries, real yield assets, and traditional financial markets. In terms of blockchain infrastructure, its layout covers mainstream networks such as Mantle, Solana, Sui, and TON, while also extending to restaking systems like EigenLayer and Solayer. This means Bybit has started to expand towards on-chain yield and asset issuance layers. In the on-chain liquidity layer, Bybit collaborates with protocols like Aave, Kamino, Raydium, Orca, and Sanctum, using bbSOL to further strengthen its DeFi yield and asset circulation capabilities. What is particularly noteworthy is its infrastructure layout on the institutional side. Bybit has integrated with custody systems such as Fireblocks, Anchorage, Copper, Sygnum Bank, and Cactus Custody, and connected with banks and payment networks like QNB Group, Pave Bank, and Thredd. With institutional funds entering, the biggest competitive point for crypto exchanges has shifted from "matching ability" to "asset security and settlement capability." Especially after the North Korean hacker attack incident, the custody system has become the most critical part of exchange infrastructure. At the same time, Bybit's global branding strategy is also changing. In the past few years, it has made high-profile collaborations with top sports IPs like Oracle Red Bull Racing. In recent years, it has gradually shifted towards high-growth regions like the Middle East, establishing connections with institutions like Dubai DMCC. Its branding logic is transitioning from "traffic exposure" to "regional financial resource binding." Related collection: Bybit Web3 Partner Network Collection (continuously updated) Crypto projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim their information and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of crypto project ecological maps, nominating Web3 ecological partners for upstream clients like Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecological maps, please fill out the [RootData 2026 Industry Ecosystem Mapping] form to supplement your important clients and partners.

According to market news, the amendment to South Korea's Foreign Exchange Transaction Act has been passed by the National Assembly's Legislation and Judiciary Committee. This amendment will expand the regulatory scope of foreign exchange trading to include virtual asset service providers, including cryptocurrency exchanges.The committee passed the bill in today's plenary session and adopted the revisions suggested by professional committee members. The bill has now been submitted to the National Assembly for a final vote, which may take place as early as May 7.

According to Coinglass, in the past week, major cryptocurrency exchanges have seen a total outflow of 15,952.91 bitcoins, with Coinbase Pro seeing an outflow of 6,269.08, Kraken 5,734.42, and OKX 4,353.49.Currently, the cumulative balance of bitcoins on cryptocurrency exchanges is 2,447,700.

Address 0xb5E...Fc24e deposited a total of 1,397,000 UNI to three exchanges 2 hours ago, worth approximately 4.6 million dollars. Notably, the Bybit deposit address has had multiple interactions with the DeFi crypto fund DeFiance Capital, which is an investor in Aave and LayerZero, both of which are major parties involved in the recent Kelp DAO attack incident.

The Bank for International Settlements (BIS) released a report indicating that cryptocurrency exchanges are gradually providing bank-like services, such as lending and earn products, but lack the regulation and deposit protection found in traditional financial systems, posing systemic risks.The report states that these high-yield products are essentially closer to "unsecured loans," where user assets are often used by the platform for high-risk operations such as lending, trading, or market making, and users only hold a creditor position against the platform. If the platform encounters problems, users will be directly exposed to repayment risks. The BIS also noted that leading cryptocurrency platforms have evolved from single exchanges into "multi-functional intermediaries," integrating the functions of banks, brokerages, and exchanges, but lacking transparency and risk isolation mechanisms. The previous collapses of Celsius Network and FTX are typical cases of such structural risks. Additionally, the report mentioned that the flash crash in the cryptocurrency market in October 2025 triggered approximately $19 billion in forced liquidations, highlighting the chain reaction risks under high leverage and opaque structures.

ChainCatcher reported live that Ru Haiyang, CEO of HashKey Exchange Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival, focusing on three key themes: RWA, payments, and Asian connectivity. He announced that HashKey Exchange officially launched Hong Kong's first physical gold ETF that day, fully compliant with trading and custody regulations in Hong Kong. He also revealed that HashKey has received approval from the Hong Kong Monetary Authority to jointly issue Asia's first true co-branded credit card with Shanghai Commercial Bank.Regarding industry trends, he pointed out that DTCC has received a no-action letter from the U.S. SEC to intervene in the custody and settlement of tokenized assets, Kraken has become the first cryptocurrency institution to connect to the Federal Reserve's FedWire, and Mastercard has acquired the UK blockchain payment company BVNK at an $1.8 billion valuation, indicating that traditional payment institutions have recognized the irreversible trend.In terms of expansion in Asia, he announced that HashKey officially announced its investment in the Vietnamese market on April 10, planning to jointly invest in VPBank, one of Vietnam's largest commercial banks, to help it become one of the first licensed exchanges. HashKey has also signed memorandums of understanding with leading Asian institutions such as Coins.ph in the Philippines, Indodex in Indonesia, Hata in Malaysia, and Bitazza in Thailand to explore cooperation in liquidity integration, cross-border payments, stablecoins, and asset tokenization distribution.

CryptoQuant analyst Darkfost stated that the number of large transfers sent to exchanges by wholecoiners (investors holding at least 1 full BTC) has significantly decreased.Currently, the average monthly transfer volume of this type on Binance is only about 6,000 BTC, comparable to levels in 2018, and far below the 15,400 BTC seen in 2021. Globally, the transfer volume has dropped from a peak of 80,000 BTC in 2018 to about 27,500 BTC.Darkfost pointed out that this trend is partly due to the continuous rise in Bitcoin prices making it increasingly difficult to hold full BTC, and it also reflects a profound change in market structure: products like ETFs allow investors to gain exposure without directly holding BTC, while more and more investors are shifting to long-term holding strategies.He believes this means that selling pressure has eased, but it has also led to a gradual decline in the liquidity of Bitcoin supply on exchanges.

According to Coinglass data, the total balance of Bitcoin across major cryptocurrency exchanges is 2,446,317.41 coins. In the past 7 days, there has been a cumulative net outflow of 5,429.77 Bitcoins from major exchanges. Among them, Coinbase Pro saw an inflow of 8,268.34 coins, while Binance had an outflow of 6,437.76 coins; Bitfinex had an outflow of 1,805.54 coins.

The new crypto bank and non-custodial financial operating system Tria announced that its global trading engine has officially integrated with the Aptos network. Through this integration, over 500,000 users across more than 150 countries can now directly access and trade Aptos assets. Users can complete cross-chain exchanges and asset interactions within a single application without the need for cross-chain bridges.The official statement indicated that this collaboration aims to leverage Aptos's sub-second confirmation and parallel execution technology to provide users with a congestion-free trading experience and further connect traditional finance, Web2, and on-chain infrastructure.

According to CoinDesk, the Financial Services Commission of South Korea and the Financial Supervisory Service jointly issued new regulations requiring all domestic cryptocurrency exchanges to adopt a unified withdrawal delay review standard to curb voice phishing scams.The new regulations eliminate the authority of each exchange to set its own withdrawal exemption conditions, and reviews will be conducted uniformly based on standards such as account history, trading patterns, and behavioral anomalies. It is expected that less than 1% of users will qualify for instant withdrawals. Platforms must also enhance identity verification and fund flow monitoring.Previously, scam groups exploited the exemption rules of various platforms to guide victims to convert cash into cryptocurrency and complete withdrawals within minutes. This new regulation marks a shift in South Korea's cryptocurrency risk control system from industry self-regulation to a national unified standard.

The Financial Services Commission (FSC) of South Korea announced on Monday that, in response to the internal control vulnerabilities exposed by the recent Bithumb payment incident, it has required all domestic cryptocurrency exchanges to conduct reconciliations of their ledgers and actual assets every five minutes.Emergency inspections revealed that three of the five major exchanges in the country only reconcile once a day, making it difficult to timely identify and address discrepancies; some systems are unable to automatically suspend trading when significant mismatches occur, raising regulatory concerns. According to the new regulations:Exchanges must establish an automated ledger-wallet reconciliation system with a cycle of five minutes.Standards for triggering automatic trading suspension due to significant discrepancies must be set.High-risk processes (such as promotional payments) must undergo enhanced scrutiny, including third-party reviews and multi-level approvals.High-risk accounts must be managed independently, and payments must use automated verification tools.The frequency of external audits will change from quarterly to monthly, with the disclosure scope expanded to include detailed asset balances by wallet and ledger. The FSC stated that it will complete the relevant rule revisions by April 2026. Previously, Bithumb announced that its IPO plan would be postponed until after 2028 to strengthen internal controls and accounting policies by 2027; at the same time, the equity swap between Naver Financial and Dunamu will also be completed by the end of September.

According to CoinPost, the Japanese Financial Services Agency has officially announced the "Cybersecurity Enhancement Guidelines for Cryptocurrency Asset Exchange Businesses." This guideline is based on 18 opinions collected from February to March 2026, with the primary goal of protecting investor assets, proposing a three-tiered security enhancement framework of "self-help (individual businesses), mutual assistance (self-regulatory organizations), and public assistance (regulatory authorities)."The authorities pointed out that current cyber attacks have evolved from simple signature key theft to highly organized methods such as social engineering attacks and supply chain intrusions, making traditional cold wallet management insufficient to ensure security. Subsequently, the Financial Services Agency will implement threat-driven penetration testing (TLPT) on some major businesses and plans to revise operational guidelines to enhance cybersecurity personnel allocation and external audit standards.