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The crypto exchange is also apparently seeking fresh private capital at a $20B valuation.
Read full articleSpaceX's Nasdaq listing could boost investor confidence and set a precedent for other private aerospace firms considering public offerings. The post SpaceX to list on NASDAQ under $SPCX, IPO expected by June 30, 2026 appeared first on Crypto Briefing.
Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, […]
Payward cuts 150 jobs as Krakens parent streamlines operations ahead of its planned IPO and seeks fresh capital. The post Kraken parent Payward cuts 150 jobs amid IPO and expansion push appeared first on Crypto Briefing.
The post Kraken Parent Payward Makes Deep Cuts as IPO Pressure Mounts appeared on BitcoinEthereumNews.com. Payward, the parent of cryptocurrency exchange Kraken, is cutting 150 jobs ahead of its planned U.S. stock-market listing. The reduction affects about 5% of its 3,000-person global workforce. The move forms part of a broader optimization push aimed at improving margins. Management wants a leaner financial profile before going public. Layoffs Continue a Multi-Year Lean-Out The latest cuts extend a sustained workforce reduction that began in October 2024. Payward eliminated about 400 roles then, or roughly 15% of staff. The reduction followed shortly after Arjun Sethi joined David Ripley as co-CEO. Further cuts then followed in early 2025 as the company merged overlapping teams. A Payward spokesperson declined to address specific personnel decisions. The company continually evaluates its structure to align talent with strategic priorities. Meanwhile, hiring continues in select growt
Cerebras’ public launch is a strategic advantage for the vendor, but it will have to overcome challenges to maintain its high value.
The post Gemini Revenue Jumps 42% With Credit Cards and New Licenses appeared on BitcoinEthereumNews.com. Crypto company Gemini reported a 42% year-on-year increase in revenue in Q1 2026 as it continued its growth from a pure crypto exchange into a financial services company. Total revenue for the Winklevoss twins’ company grew 42% year-on-year to $50.3 million in the first quarter, while transaction revenue remained stable at $24 million, the company reported Thursday. However, its crypto exchange revenue decreased 27% year-on-year to $17.2 million, “reflecting lower spot trading activity and a moderation in crypto market volumes,” while total trading volume declined to $6.3 billion from $13.5 billion in Q1 2025. The biggest increase was in credit card revenue, which surged nearly 300% to $14.7 million, driven by significant growth in the Gemini Credit Card user base, the company said. The expansion from crypto into broader financial services began in early 2021, when the company an
Crypto exchange Gemini secured a $100 million Bitcoin investment from its founders’ fund, and revealed a 42% YOY Q1 revenue bump.
OKX's potential stake in Coinone could enhance global crypto exchange influence in South Korea, impacting local market dynamics and competition. The post OKX said to pursue 20% stake in South Korean crypto exchange Coinone appeared first on Crypto Briefing.
