【Block Beats】Recently, industry insiders reported that a leading exchange delivered impressive results in 2025.
The breakthrough on the regulatory front is the most eye-catching — this exchange became the first crypto-native enterprise to enter the S&P 500 index, an unprecedented achievement in industry history. More importantly, the SEC proactively withdrew its lawsuit, and the regulatory environment in the US and Europe has significantly warmed, which is a positive signal for the entire industry.
On the business front, it’s been advancing rapidly. Frequent acquisitions — 10 deals throughout the year, with one setting a record for the largest M&A in crypto industry history (acquisition of a derivatives trading exchange). The number of newly launched assets also reached an all-time high.
Specifically, they launched a complete product matrix including futures and perpetual contracts, US stock trading and prediction markets, crypto-backed lending, and integrated DEX trading. They secured the EU MiCA license, with institutional custody assets reaching $300 billion, reflecting sustained institutional capital inflows.
Ecological construction hasn’t been neglected either. The Base network achieved Stage 1 decentralization, with stablecoins, payments, and developer ecosystems all continuously expanding, creating an increasingly complete ecological landscape.
This exchange defined 2025 as the “year of high-intensity delivery,” preparing for the next phase. From regulatory breakthroughs to business innovation to ecosystem expansion, it essentially covers the core competitiveness of the exchange.
取引所がS&P 500を突破！2025年の暗号業界の規制転換点と事業爆発の振り返り
【Block Beats】Recently, industry insiders reported that a leading exchange delivered impressive results in 2025.
The breakthrough on the regulatory front is the most eye-catching — this exchange became the first crypto-native enterprise to enter the S&P 500 index, an unprecedented achievement in industry history. More importantly, the SEC proactively withdrew its lawsuit, and the regulatory environment in the US and Europe has significantly warmed, which is a positive signal for the entire industry.
On the business front, it’s been advancing rapidly. Frequent acquisitions — 10 deals throughout the year, with one setting a record for the largest M&A in crypto industry history (acquisition of a derivatives trading exchange). The number of newly launched assets also reached an all-time high.
Specifically, they launched a complete product matrix including futures and perpetual contracts, US stock trading and prediction markets, crypto-backed lending, and integrated DEX trading. They secured the EU MiCA license, with institutional custody assets reaching $300 billion, reflecting sustained institutional capital inflows.
Ecological construction hasn’t been neglected either. The Base network achieved Stage 1 decentralization, with stablecoins, payments, and developer ecosystems all continuously expanding, creating an increasingly complete ecological landscape.
This exchange defined 2025 as the “year of high-intensity delivery,” preparing for the next phase. From regulatory breakthroughs to business innovation to ecosystem expansion, it essentially covers the core competitiveness of the exchange.