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Crypto exchange Binance has tightened its listing policy as the number of listed trading instruments declined by 21% in 2023, Kaiko reports. According to a new report published by Diving Into DEXs, Binance is now taking an accelerated approach delisting entities in a rapid pace after its founder and former chief executive Changpeng Zhao settled a $4.3 billion case with U.S. regulators for, among other things, operating an unlicensed exchange. Analysts at Kaiko admitted that Binance was not the only crypto exchange in 2023 to scale down its listing offerings as Coinbase and OKX have delisted some instruments. In the meantime, U.S.-based crypto exchange Kraken, on the contrary, slightly increased the number of supported cryptocurrencies, according to Kaiko data. Number of listed cryptocurrencies on Binance vs Binance.US, Coinbase, Kraken and OKX | Source: Kaiko You might also like: Newly published DoJ document reveals Binance’s supervision requirements In mid-October...

Silvergate Capital, the parent company to what was once the single largest Crypto banking partner, Silvergate Bank, has finally been delisted from the New York Stock Exchange ( NYSE ) and begun the liquidation process. California-based Silvergate first IPOed on the NYSE in June 2019 for $12/share, rocketing to an all-time high of almost $240/share in November 2021. Today, a share of Silvergate Capital Corp trades for less than $1 on OTC Markets. The delisting was confirmed on May 11, 2023, with over 200 employees being let go and all assets set to be liquidated by November. Deposits and funds from FTX that were stored at Silvergate were seized in January of this year, and with losses mounting from fleeing depositors, Silvergate CEO Alan Lane decided to voluntarily wind up the bank. Desperate attempts to save Silvergate Before the closure of the go-to Crypto bank, numerous attempts were made to salvage it: Brendan Blumer — an EOS and Block.One co-founder — dumped te...