The meme coin — $Trump — was launched with an opening sale price of just 18 cents and went on to hit a peak of $75 per token within two days

Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services

Many global investment banks have been looking to offer clients more crypto related services, responding they say to demand from institutional investors

Coinbase, the biggest US cryptocurrency exchange, plans to acquire recently launched futures exchange FairX to “make the derivatives market accessible to our millions of customers through an industry-leading, simplified user experience.”