Coinbase's acquisition of Deribit centralizes too much power in the crypto exchange market

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CoinDCX experienced operational losses on October 22, 2026, after a routine process to sweep crypto deposits landing on wallet addresses deprecated following CoinDCX's July 2025 hack failed

On-chain investigator ZachXBT alleged on October 22, 2026, that a CoinDCX-linked address TQKJQ swept user deposits into CoinDCX active hot wallet in April and May 2026, leaving $15.8 million unaccounted for

CoinDCX co-founder Sumit Gupta stated on October 22, 2026, that flagged wallet addresses, including TQKJQ, dated to January 2025 and were compromised during CoinDCX's July 2025 hack, characterizing reports of a new breach involving TQKJQ as a false alarm

Hackers drained approximately $44 million from an internal CoinDCX account in July 2025, prompting the Indian crypto exchange to deprecate compromised wallet addresses and warn users against depositing to them

CoinDCX credited user accounts that sent deposits to deprecated wallet addresses following CoinDCX's July 2025 breach and absorbed the resulting operational losses

CoinDCX identified a breakdown in its deposit sweep system on the morning of October 22, 2026, but did not disclose how long the sweep was down or how many users were affected

CoinDCX has not stated whether it will continue to credit user deposits sent to wallet addresses deprecated after CoinDCX's July 2025 breach in the future

CoinDCX co-founder Sumit Gupta assured users on October 22, 2026, that no customer funds would be lost, confirming active customer assets sit in segregated cold wallets

CoinDCX advised users to verify deposit addresses on its official application or website, cautioning that crypto exchanges typically do not assume liability for deposits sent to retired addresses

Hyperliquid operates an open order book for cryptocurrency perpetual futures

Trades placed on PaperTrade do not route to an open order book or impact underlying market prices

PaperTrade operates without funding rates, trading fees, or trade slippage

Webull announced on October 20, 2026, that it will launch Bitcoin and selected crypto perpetual futures to eligible U.S. customers in November 2026

Under the Webull-Kalshi partnership, Webull provides the distribution and customer base while prediction-market operator Kalshi acts as wholesale infrastructure by supplying the Commodity Futures Trading Commission-regulated venue

Webull plans to make crypto perpetual futures available to its broader base of over 6 million clients and expand its product menu beyond cryptocurrency subject to regulatory review

A January 2026 survey by the UK Cryptoasset Business Council found that 40% of transactions to cryptocurrency exchanges are either blocked or delayed by UK banks.

Prior to FINMA's ETF approval on October 20, 2026, Swiss exchanges offered crypto exchange-traded products (ETPs), which are structured debt securities governed by exchange rules rather than Swiss investment fund law

Acquiring a licensed local entity provides Bitget a regulated operational foundation in Thailand rather than building a new platform from scratch or operating an unlicensed foreign service

Bitget CEO Gracy Chen stated on October 20, 2026 that building a market presence requires local expertise, regulatory understanding, and long-term commitment

Bitget announced a proposed transaction to acquire Bangkok-based digital asset exchange and brokerage GMO-Z.com Cryptonomics (Thailand) Co., Ltd. through its interest in BTGT Management (Thailand) Ltd.