News Digest Crypto Token Exchanges 9th July 2025
Bybit to Impose Additional 18% GST on Trading Fees
Bybit will impose an additional 18% GST on trading fees for Indian users, aligning with India’s cryptocurrency regulations. The tax targets only trading fees, not the underlying assets. The measure underscores increased compliance pressures facing crypto exchanges operating in India. Traders may find higher transaction costs problematic, potentially reducing local trading activity on Bybit’s platform.
Source: Cryptocurrency News | Coinspeaker
Here’s why the Uniswap price remains in a bearish trend
Uniswap’s token price remains bearish due to regulatory uncertainty, reduced trading volumes, and stiff competition from other decentralized exchanges. Market analysts attribute the downturn to negative investor sentiment, amplified by ongoing regulatory concerns in the US. Without a significant positive catalyst or improvement in market conditions, Uniswap’s price could continue to struggle in the near term.
Source: crypto.news
‘Prove your dad is your dad’: OKX defends aggressive compliance stance
OKX has defended its rigorous KYC compliance, requiring extensive documentation, including familial relationships. The exchange insists that strict policies are necessary to meet global regulatory standards and combat fraud and money laundering. Users have expressed frustration over these demands, highlighting tensions between regulatory obligations and user privacy within the crypto industry.
Source: crypto.news
Is OKX’s ‘compliance’ chaos part of a larger game?
Recent compliance controversies at OKX suggest strategic positioning for future regulatory and institutional approval. However, critics argue the aggressive and sometimes unclear policies alienate users and damage trust. OKX’s compliance measures exemplify the industry’s broader challenge in balancing user experience against increasing regulatory scrutiny, raising concerns over potential long-term impacts on user retention.
Source: AMBCrypto
Crypto Exchange Kraken Enters Payments Race With Kraken Pay
Kraken launched Kraken Pay to facilitate cryptocurrency payments for merchants and individuals, offering fast, secure, and affordable transactions. This expansion marks Kraken’s push into broader financial services, positioning itself against fintech firms and crypto competitors. Kraken Pay could accelerate mainstream cryptocurrency adoption and enhance user convenience in everyday transactions.
Source: Bitcoin News
Best Wallet Token Heats Up as Kraken Launches Peer-to-Peer Crypto Payments
The launch of Kraken’s peer-to-peer crypto payments boosted interest in associated wallet tokens. This move is part of Kraken’s broader strategy to innovate payment solutions, encouraging practical crypto adoption. Market response indicates growing investor confidence in tokens linked to real-world applications and innovations in crypto-based financial services.
Source: Bitcoinist.com
KuCoin Futures to Invest $10 Million to Support Web3 Projects
KuCoin Futures announced a $10 million fund dedicated to supporting promising Web3 projects. This investment reflects KuCoin’s commitment to fostering innovation within blockchain technology, aiming to attract new developers and startups. The initiative strengthens KuCoin’s ecosystem, potentially enhancing the exchange’s market presence and competitiveness in the expanding Web3 landscape.
Source: blockchainreporter
Kraken moves HQ to Wyoming, cites regulatory environment as key factor
Kraken is relocating its headquarters to Wyoming, citing the state’s crypto-friendly regulatory environment. This move highlights Wyoming’s efforts to become a hub for crypto businesses, offering clearer regulatory frameworks and business incentives. Kraken’s relocation underscores the importance exchanges place on regulatory clarity and stability for long-term strategic operations.
Source: Cointelegraph.com News
Kraken Picks Wyoming Over Silicon Valley as State Welcomes Crypto Exchanges
Kraken selected Wyoming over Silicon Valley for its new headquarters, attracted by favorable cryptocurrency regulations. This move reinforces Wyoming’s growing status as a welcoming jurisdiction for digital asset businesses, providing regulatory certainty crucial for crypto enterprises. Kraken’s decision emphasizes a broader trend of crypto companies seeking supportive regulatory environments.
Source: Cryptocurrency News | Coinspeaker
Coinbase Secures MiCA License to Operate Crypto Exchange in Europe
Coinbase has secured a MiCA (Markets in Crypto-Assets) license, enabling legal crypto operations throughout Europe. This licensing significantly expands Coinbase’s market access and demonstrates its commitment to regulatory compliance. Europe’s MiCA framework provides clarity and standardized rules, making it attractive for crypto exchanges seeking stable operational jurisdictions.
Source: blockchainreporter
Best Altcoins to Buy After Coinbase Gets MiCA License Approval
Following Coinbase’s MiCA licensing in Europe, several altcoins emerged as attractive investment options. Coinbase’s expanded operational capacity in Europe boosts investor optimism, increasing visibility and demand for select altcoins. This event signals potential growth opportunities for altcoins supported by Coinbase, driven by improved market sentiment and regulatory stability.
Source: Bitcoinist.com
Kraken Moves Headquarters to Wyoming, Strengthening US Crypto Presence
Kraken’s headquarters relocation to Wyoming strengthens its US market presence, reflecting the state’s supportive regulatory framework. Wyoming offers clear crypto regulations, encouraging innovation and attracting crypto enterprises. Kraken’s move emphasizes a strategic shift among crypto companies prioritizing regulatory clarity to ensure operational stability and market competitiveness.
Source: blockchainreporter
KuCoin Allows Institutional Clients to Trade With Credit
KuCoin now enables institutional clients to trade using credit, enhancing liquidity access and trading flexibility. This offering aligns with institutional demand for greater financial agility, potentially increasing KuCoin’s attractiveness as a trading platform for large-scale crypto investors and further solidifying its position within institutional crypto markets.
Source: CoinDesk
Disclaimer:
The articles quoted above are provided strictly for informational purposes. Quoting these articles does not imply that we endorse or agree with the views, opinions, or positions expressed within them. Additionally, their inclusion here does not constitute promotion or support for the sources or their content.
