CeFi
Centralized Finance, financial firms with centralized teams, closed entities and custodied funds, which transact with digital assets and offer services to the blockchain industry.
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eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.

Binance and Anchorage Digital Launch Off-Exchange Settlement for Institutional Traders
Binance and Anchorage Digital launched an off-exchange settlement integration on Tuesday, letting institutional traders access Binance's liquidity while keeping assets in Anchorage's custody through Atlas, Anchorage's settlement infrastructure suite.
Recent articles

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.

Binance and Anchorage Digital Launch Off-Exchange Settlement for Institutional Traders
Binance and Anchorage Digital launched an off-exchange settlement integration on Tuesday, letting institutional traders access Binance's liquidity while keeping assets in Anchorage's custody through Atlas, Anchorage's settlement infrastructure suite.

OKX and Coinbase Race to Sign Up Binance's Displaced EU Users Before MiCA Deadline
OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.

Kraken's xStocks Opens Bending Spoons IPO Registration to EEA Retail
Kraken's xStocks platform is opening non-binding interest registration for the Bending Spoons IPO to eligible customers in the EEA and select global markets, the tokenized equities infrastructure's second pre-IPO offering after a troubled SpaceX debut.

StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle
StablecoinX Inc. (Nasdaq: USDE) began trading Friday after closing its SPAC merger with TLGY Acquisition Corp., becoming the first publicly listed company holding approximately 3.03 billion ENA tokens and building infrastructure for the Ethena ecosystem.

Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise
Prediction-market operator Kalshi is in talks to raise fresh capital at a roughly $40 billion valuation, the Financial Times reported, nearly double the price tag from a $1 billion round that closed seven weeks ago at $22 billion.

Bithumb Lists Canton (CC) in Korean Won Market as Institutional Blockchain Eyes Retail Liquidity
South Korea’s second-largest exchange has listed Canton Coin in its KRW market, opening the Goldman-backed, DTCC-integrated blockchain to retail investors ahead of the 14:00 KST trading start on June 23.

Kalshi Eyes Broader Asset Classes for Perpetual Futures After $5.5B Crypto Launch
After generating $5.5 billion in trading volume in two weeks, Kalshi is pushing to extend its CFTC-regulated perpetual futures beyond crypto into a wider range of asset classes.

Coinbase Stakes Out Brokerage Territory With SEC-Registered AI Advisor and Stock Options Push
Coinbase used its latest "System Update" Tuesday to push deep into territory long held by retail brokerages, rolling out an SEC-registered AI investment advisor, stock and ETF trading on its professional platform, and options markets for both equities and crypto. The bundle moves the exchange's competitive frame from Binance and Kraken toward Robinhood, Schwab, and Interactive Brokers.

Robinhood Cuts 10% of Workforce, Takes $28M Restructuring Charge
Robinhood is cutting roughly 10% of its full-time employees in a corporate restructuring CEO Vlad Tenev has framed as a push for a high performance culture, with $28 million in charges expected in Q2 2026.