Crypto World
Payward Revenues Soar 33% as Traders Flock to Kraken
Kraken’s parent company, Payward, reported 2025 revenue of $2.2 billion, a 33% increase from the prior year, driven by a combination of higher trading activity and strong performance from newly integrated businesses. For the year, total transaction volumes reached $2 billion, up 34% year over year, signaling robust activity across the platform as it leveraged a strategic wave of acquisitions to broaden its revenue base. Payward described the mix of income as well balanced, with about 47% derived from trading revenue and the remaining 53% from asset-based and other sources. The results come as the group advances toward a potential public listing after filing confidentially for an IPO in November, underscoring a broader push to diversify beyond traditional exchange services into broader financial technology offerings.
Key takeaways
- 2025 revenue rose to $2.2 billion, up 33% from $1.6 billion in 2024, reflecting gains across trading and asset-backed activities.
- Total transaction volumes climbed to $2 billion, a 34% year-over-year increase, signaling stronger platform usage.
- Revenue mix remained balanced: roughly 47% from trading activity and 53% from asset-based and other revenues, indicating diversified income streams.
- Strategic acquisitions—NinjaTrader, Breakout, Small Exchange, Capitalise.ai, and Backed—expanded product offerings and supported a 119% rise in daily average revenue trades.
- Assets on the platform grew to $48.2 billion, with funded accounts increasing 50% to 5.7 million, highlighting growing user engagement and custody depth.
Sentiment: Bullish
Market context: The results align with a crypto ecosystem where exchange activity remains sensitive to macro trends and regulatory developments, while diversified product lines help firms capture a broader share of trading and asset-management activity. Payward’s performance underscores a shift toward modular offerings and cross-segment efficiency within a consolidating market.
Why it matters
The 2025 performance marks a notable inflection for Payward as it monetizes scale and breadth. By deriving nearly half of its revenue from trading while more than half comes from asset-based and ancillary services, the group appears to be hedging against volatility in a single segment. This balance matters for users and investors who seek a platform capable of weathering cyclical swings in crypto markets while continuing to generate recurring income from tokenized assets, derivatives, and automated trading tools.
Central to this shift is Payward’s active pursuit of product-level specialization. The company has drawn inspiration from tech giants in how it segments its offerings so each product tackles a distinct customer segment. This approach—designed to boost usage by making each product a tailored solution—addresses both retail and institutional needs, from advanced traders seeking derivative exposure to users exploring tokenized stock concepts. The acquisitions carried out over 2025 are the operational backbone of that strategy, providing Payward with more tools to engage users across geographies and risk appetites.
The 119% increase in daily average revenue trades underscores the impact of integrating platforms like NinjaTrader and Breakout, which broaden trading capabilities and expand the client base. While NinjaTrader’s ecosystem emphasizes futures and active trading, Breakout adds a proprietary-trading edge that helps Payward capture higher-margin activity. Together, these assets contribute to a more resilient revenue engine by feeding more orders through Payward’s systems and enabling a wider set of use cases for clients. The full effect of these acquisitions—along with Small Exchange and Capitalise.ai—appears in the asset mix and in the expansion of both trading and automation-enabled workflows on the platform.
Beyond trading desks, Payward’s foray into tokenized assets and AI-driven automation signals a broader strategic convergence. The purchase of Backed—a company active in tokenized stocks and the backbone of the xStocks platform—signals Payward’s intent to offer institutional-grade access to tokenized equity products. This kind of diversification aligns with industry trends toward hybrid models that blend traditional financial instruments with digital representations, expanding the addressable market for crypto-enabled finance. The company’s asset base, reported at $48.2 billion, and its burgeoning funded account base—5.7 million—indicate a growing footprint that could attract further liquidity and potential listing interest from a broader investor audience.
In addition to the earnings figures, Payward’s leadership emphasized a long-term, risk-adjusted throughput strategy over chasing short-term cyclic metrics. Arjun Sethi, Payward’s co-CEO, described a path focused on compound efficiency across a single system rather than pursuing a handful of standalone products. This philosophy suggests a framework where future growth hinges on the integration of existing platforms, the cross-pollination of product capabilities, and the sustained scaling of operations across multiple asset classes and jurisdictions. The company’s public-listing ambitions, having progressed to a confidential IPO filing in November, indicate that Payward seeks to translate its internal efficiencies into external value for a wider pool of investors while continuing to evolve its platform economics.
The disclosed results also reflect a broader industry pattern where sizable crypto-focused platforms are layering revenue streams to reduce reliance on a single line item, all while expanding product suites to attract diverse participant cohorts. The highlighted acquisitions demonstrate Payward’s appetite for strategic bets that can be integrated into a unified operating model, enabling cadence and scale without sacrificing the quality of user experience.
Looking ahead, Payward’s management continues to frame growth as a systemic improvement—an emphasis on operational efficiency, cross-product usage, and geographic diversification rather than chasing isolated performance metrics. The confidential IPO filing from November remains a key milestone, offering a framework for how Payward intends to position its diversified platform to investors. The earnings narrative, underpinned by rising assets and a widening product footprint, suggests a company that is betting on a longer horizon where liquidity, product breadth, and disciplined integration drive sustainable returns rather than a single blockbuster quarter.
What to watch next
- Progress and timing of the confidential IPO filing: any updates on the path to a public listing and the anticipated markets open date.
- Performance of key acquisitions (NinjaTrader, Breakout, Small Exchange, Capitalise.ai, Backed) and their contribution to trading volumes and revenue mix in 2026.
- Trends in assets under custody and funded accounts, with any new geography or client segments adding material volume.
- Regulatory developments and macro conditions that could influence liquidity, market structure, or crypto-adjacent financial products.
Sources & verification
- Payward/ Kraken 2025 financials report, detailing revenue, volumes, and the asset mix.
- Confidential IPO filing status and coverage in November, outlining the company’s listing trajectory.
- Breakout acquisition and related product diversification mentioned in Kraken’s filings.
- Small Exchange and Capitalise.ai acquisitions and their impact on the platform’s trading and automation capabilities.
- Backed and tokenization-related developments within the Payward ecosystem and their role in the xStocks framework.
Shibarium’s recovery process shows steady progress as indexing levels improve and system stability returns. Network data accuracy remains limited, yet activity continues to build across the ecosystem. Meanwhile, broader developments around Shiba Inu add new context to the current market positioning.
Shibarium indexing recovery gains traction
Shibariumscan reports that 45% of network blocks are now indexed, showing clear progress from earlier levels. This improvement follows ongoing restoration efforts after infrastructure changes. Consequently, the network continues to rebuild visibility across transactions and wallet activity.
Earlier, the team initiated a migration to a new server environment to boost performance and reliability. This move aimed to address system limitations that affected data tracking and user experience. As a result, indexing resumed gradually while stability improved across the network.
However, incomplete indexing still affects the accuracy of key metrics such as total transactions and wallet counts. Users may see partial data until the process reaches completion. Nevertheless, the steady increase signals continued backend recovery and system alignment.
Temporary display issues and network adjustments
At the beginning of the month, users reported missing tokens and NFTs within wallet interfaces and the explorer. These display issues created confusion across parts of the Shiba Inu ecosystem. However, developers linked the problem to indexing delays and a temporary bridge update.
Indexing plays a central role in how blockchain explorers present on-chain data. Without full indexing, systems cannot display complete transaction histories or asset balances. Therefore, partial indexing directly impacts how users interact with network data.
Meanwhile, ongoing updates aim to restore full functionality across the explorer and connected services. The community expects improvements as indexing progresses toward completion. Additionally, future upgrades may strengthen data handling and network performance further.
Broader developments shape Shiba Inu outlook
Beyond technical updates, Shiba Inu has entered discussions around inclusion in a proposed exchange-traded fund. T. Rowe Price submitted plans for an actively managed crypto ETF that includes multiple digital assets. This development places Shiba Inu within a broader institutional framework.
The asset manager oversees significant capital, which adds weight to the filing despite pending regulatory decisions. Inclusion in such a fund could expand exposure to digital assets beyond direct trading platforms. Consequently, it reflects ongoing integration between traditional finance and crypto markets.
At the same time, Shiba Inu price activity remains subdued amid wider market conditions. The token declined slightly over the past day while trading near the lower end of recent ranges. However, macroeconomic factors continue to influence short-term price direction.
The current market focus centers on the Federal Reserve meeting and interest rate expectations. Market data suggests a high probability of unchanged rates within the existing range. As a result, traders position cautiously while awaiting further signals from monetary policy decisions.
Bittensor (TAO) crypto just surged 46% in March. Trading near $277.
The network successfully deployed its Covenant-72B model on Subnet 3. That is not a roadmap promise. It is a live heavy-compute model running on-chain.
The market responded immediately. The subnet-native τemplar token pumped nearly 200% in under a week.
TAO is no longer just a governance play. Actual utility demand is driving this move.
Key Takeaways:
- TAO posts 46% monthly gain driven by Covenant-72B model deployment.
- Subnet 3 activity explodes, pushing the τemplar token up 194% in days.
- Institutional inflow accelerates ahead of potential Grayscale ETF approval.
Covenant-72B: Why This Release Moved the Market
Covenant-72B is a 72 billion parameter large language model. A significant jump from the lighter models Bittensor has run previously. It means the network can now handle enterprise-grade compute loads.
That scale directly impacts validator staking. Running a model this size requires higher quality miner inputs and more TAO staked to secure the bandwidth. Demand for compute on Subnet 3 created direct demand for the collateral backing it. The pricing mechanism worked exactly as designed.
The biggest winner was not TAO itself. It was τemplar, the Subnet 3 native token, which rallied 194% following the deployment. That is the ecosystem feedback loop in action. High-performance subnets attract speculative capital, which deepens liquidity for the miners running there.
Volume backs the move. TAO’s volume-to-market-cap ratio is sitting between 17% and 19%, with over $254 million traded in 24 hours. That is not a thin order book pump. That is real participation.
When subnet tokens outperform the parent chain like this, it typically signals the start of an application layer season for the protocol. That is the next phase traders are positioning for.
TAO Crypto Price Analysis: Can Bulls Breach $300?
TAO is consolidating at $277.49, just below the $300 psychological level. Structure stays bullish as long as $250 holds.
The 46% impulse already flushed weak hands. OI is building. Traders are positioning for a breakout.
Bull case: daily close above $300 opens $350. Grayscale ETF filing provides the fundamental narrative. Volume needs to stay above $250 million daily to keep the momentum alive.
Bear case: rejection at $300 retests $240. If the broader altcoin recovery stalls, TAO could chop sideways for weeks. Watch $265 closely. Lose that level and the immediate breakout setup is invalidated.
The post Bittensor (TAO) Crypto Surges 46% as Covenant-72B Launch Triggers Subnet Explosion appeared first on Cryptonews.
US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to seven consecutive days, marking the longest run since October 2025.
Spot Bitcoin (BTC) ETFs added $199.4 million on Monday, bringing their seven-day streak to around $1.2 billion, according to data from SoSoValue. The latest inflows suggest continued institutional interest, though total inflows remain far below the roughly $6 billion seen during the October 2025 run.
Total trading volumes fell to $2.6 billion on Monday, while total assets under management in Bitcoin ETFs climbed to $96.7 billion. Net year-to-date flows remain negative, following $1.8 billion in cumulative monthly outflows and $1.7 billion in cumulative inflows.
The ETF rebound has coincided with broader strength in crypto investment products, which drew about $2.7 billion over three straight weeks, lifting year-to-date inflows to roughly $1.2 billion, according to CoinShares.
XRP funds post first gains after eight-day losing streak
Spot altcoin ETFs also saw a broad uptick, led by Ether (ETH) with $138.3 million in inflows, the largest since March 4. Solana (SOL) followed the trend with $17.8 million in inflows, also the biggest since March 4.
XRP (XRP) stood out with $4.64 million inflows, the first gains since March 4. The ETFs saw $56.8 million outflows in the period from March 5-16.
Despite $33.5 million in outflows so far in March, XRP ETFs remain in the green year-to-date, supported by $73.7 million in inflows during January and February.
Solana leads all crypto ETFs year-to-date with $223 million in net inflows.
Related: Bernstein says Bitcoin rebound reflects more resilient long-term holder base
In contrast, Ether ETFs remain underwater, with $364.5 million in year-to-date outflows, following $358.5 million in inflows in March and $723 million in outflows during the first two months of the year.
Magazine: Spot Bitcoin ETFs first green week, crypto ATM losses surge 33%: Hodler’s Digest, Mar. 8 – 14
Bitcoin price fell back under the $74,000 support level after three straight days of gains as investors remained cautious ahead of the Federal Reserve’s rate cut decision scheduled for later today.
Summary
- Bitcoin price slipped below $74,000 after a three-day rally, as traders booked profits ahead of the Federal Reserve’s rate decision.
- Markets expect the Fed to hold rates at 3.50% to 3.75%, with CME FedWatch showing over 99% probability of no rate cut.
- Bullish technical signals persist, with a triangle breakout and ETF inflows supporting upside, while $76,000 remains key resistance.
After rallying over 7% and touching nearly $76,000 on Tuesday, Bitcoin (BTC) gave up part of its gains, dropping back below the $74,000 support level on Wednesday. Trading at $73,836, the bellwether remains 2.7% lower than its local peak and 24% below its year-to-date high.
Bitcoin price fell as investors booked profits from its recent run before entering wait-and-watch mode ahead of the Federal Reserve’s rate cut decision scheduled to be revealed at 2:30 P.M. UTC today.
According to market expectations, the Federal Reserve will likely hold interest rates at 3.50% to 3.75%. This stance is likely due to a surge in inflation from a spike in oil prices, which climbed over $100 per barrel amid the ongoing U.S.-Iran war in the Middle East. According to the CME FedWatch Tool, the odds of the Fed holding the interest rate steady are as high as 98.9%.
Risk assets such as Bitcoin tend to benefit when the Fed cuts interest rates, while they often face pressure when the Federal Reserve decides to hold or increase them to combat sticky inflation.
However, it should be noted that the Fed’s interest rate decision could have already been priced in, and the market could just be taking a breather before resuming its broader trend, as seen during rallies in times of macroeconomic and geopolitical uncertainty.
For Bitcoin, a key underlying catalyst that could support a potential rebound comes from the continued inflows into spot Bitcoin ETFs. Data from SoSoValue show that the 12 spot BTC ETFs have extended their inflow streak to seven consecutive days, attracting nearly $1.17 billion from institutional investors.
On the daily chart, Bitcoin price has confirmed a breakout from the upper side of a symmetrical triangle pattern, a bullish continuation pattern in technical analysis.
Bitcoin price has also moved above the Supertrend line, which has flipped green, a sign that the short-term momentum is turning positive.
Meanwhile, the Relative Strength Index reading has moved higher to 59 while still having room for more gains before hitting overbought levels at 70, where buying pressure often reaches exhaustion.
For now, traders would be keeping an eye on $76,000, the level BTC failed to breach during its run on Tuesday. A break above the threshold could clear the way to test the $80,000 psychological milestone.
On the contrary, a drop below $73,000 could lead to a shift in sentiment and a deeper retest of support levels near $71,000.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
SIREN Solidifies Top 100 Spot With 300% Monthly Surge, BTC Stalls at $74K: Market Watch
Aside from SIREN, the other double-digit gainer today is M, followed by KAS.
After the recent volatility that drove bitcoin to a six-week peak at $76,000 and the subsequent retracement, the asset has calmed at around $74,000.
Most larger-cap alts are also quite sluggish on a daily scale, but ETH has managed to defend the $2,300 level, while XRP is above $1.50.
BTC Stands Still at $74K
The primary cryptocurrency initiated an impressive leg up last week that culminated on Friday when it touched $74,000 for the second time in the past 10 days. However, the bears were quick to intercept the move and pushed the asset south by almost four grand toward $70,000, especially on Saturday when the US launched another major attack against Iran.
The asset remained above $70,000 during the weekend, and the bulls returned as the new business week began. They helped bitcoin climb toward $74,000 again, where it faced more resistance but ultimately managed to break through on Tuesday morning.
The leg up drove BTC to its highest price level since early February at $76,000. Nevertheless, bitcoin couldn’t keep rising and dipped to $73,500 later that day. The past 18 hours or so have been less eventful, as BTC has remained sideways at around $74,000, where it currently trades as well.
Its market cap stands at $1.480 trillion, while its dominance over the alts on CG is flat at 56.7%.
SIREN Enters Top 100
Ethereum continues to trade above $2,300 despite a minor slip in the past day. XRP is also slightly in the red, but remains north of $1.50. BNB, TRX, ADA, HYPE, and LINK are with minor gains, while SOL, DOGE, and BCH have posted insignificant losses.
XMR, CC, and SKY have dropped the most from the larger-cap alts, while ZEC is up by 3% to $276. SIREN has entered the top 90 alts by market after another double-digit daily surge. The asset has soared by 300% in the past month. M and KAS follow suit with 10% gains.
The total crypto market cap continues to sit above $2.6 trillion on CG.
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UK lawmakers are raising concerns over the risks tied to crypto donations, which they claim can open the door to foreign influence in political financing.
Summary
- UK parliamentary committee calls for an immediate ban on crypto donations to political parties, citing risks of foreign influence and gaps in oversight.
- Lawmakers warn that tools such as mixers and AI-driven micro-donations could obscure fund origins and bypass existing reporting thresholds.
- Experts remain divided, with some pointing to transparency within regulated systems while others caution that a ban may push activity offshore without resolving core risks.
In its latest report, the Joint Committee on the National Security Strategy urged a moratorium on crypto donations to political parties.
According to the committee, such contributions pose an “unnecessary and unacceptably high risk to the integrity of the political finance system.”
They argued that the government should amend the Representation of the People Bill, which entered committee stage on Wednesday, to prohibit such donations until stronger safeguards are in place. The committee called for an immediate ban on crypto-based political funding.
“Few things are more important than maintaining trust in our politics. The pervasive idea that politicians can be ‘bought’ through foreign money is increasingly corrosive,” Chair of the Joint Committee on the National Security Strategy, Matt Western MP, said.
The report discussed how crypto tools such as mixers, privacy coins, and cross-chain swaps can obscure the origin of funds. Meanwhile, it raised concerns over how AI could enable automated “micro-donations” that allow large contributions to be split into smaller transfers that fall below the reporting threshold under existing electoral law.
Experts consulted by the committee have argued that crypto transactions can remain transparent within regulated systems, while others have warned that a blanket ban could push activity offshore without addressing the underlying risks.
However, the committee report concluded that the “opportunity to evade rules is too high” under current oversight.
Regulatory pressure grows
Last month, some Members of Parliament in the United Kingdom, led by Matt Western, sent a letter to the Secretary of State for Housing, Communities and Local Government, Steve Reed, where it raised similar concerns around foreign interference risks.
The letter urged the Electoral Commission to introduce interim safeguards by only allowing political parties to process crypto donations through FCA-registered Virtual Asset Service Providers and ensuring there is high confidence in identifying the ultimate source of funds.
Among other suggestions, lawmakers proposed prohibiting the use of crypto mixers or tumblers, alongside stricter source-of-wealth checks and faster conversion of donations into pounds sterling.
According to a BBC report, Reform UK was among the first parties at Westminster to accept crypto donations. However, details on the party’s official website state that it does not accept anonymous donations and applies standard compliance checks to verify donor eligibility.
- Hedera (HBAR) gains on ecosystem token listings and growing exchange support.
- Google, IBM, and Deutsche Telekom back Hedera Hashgraph, boosting credibility.
- Breaking above the resistance at $0.1051 could target $0.15 in coming months.
Hedera is showing renewed momentum as its price hovers around $0.10, signaling potential for a near-term breakout.
The cryptocurrency has outperformed Bitcoin (BTC) over the past 24 hours, gaining 1.5% despite low overall market activity.
Much of this movement is being driven by growing visibility and adoption of the Hedera ecosystem on major exchanges.
Kraken’s recent listings of Hedera-native tokens, including lending protocol BONZO and community tokens like $SAUCE, have brought attention to the network.
These listings are more than just symbolic. They represent deeper integration and access for investors to the broader Hedera ecosystem.
Volume trends suggest that this price uptick is sentiment-driven rather than a surge of large capital inflows.
This highlights that investor interest is increasingly tied to the network’s fundamental growth.
Enterprise adoption fuels confidence
One of Hedera’s strongest advantages is its backing by major global enterprises.
Companies like Google, IBM, and Deutsche Telekom are active participants in the Hedera Council, giving the Hedera Hashgraph network both governance oversight and credibility.
Council members operate nodes, vote on protocol updates, and guide the technical direction of Hedera.
This governance model appeals to institutional investors who value transparency and accountability in enterprise blockchain solutions.
The involvement of these companies also signals that Hedera is moving beyond speculative trading into real-world enterprise applications.
Analysts point to projects like supply chain tracking and tokenized services as examples where Hedera is already proving its practical value.
This fundamental adoption could be a critical driver for HBAR price growth in the months ahead.
Technical analysis suggests near-term upside
On the technical side, HBAR is testing important support and resistance zones.
Short-term support has held around $0.0942, while immediate resistance is near $0.1051.
Breaking above this level could open the way for further gains toward $0.1174 and possibly $0.1293 according to CoinLore.
Additional near-term resistance exists at around $0.104, marking Fibonacci retracement targets that traders are watching closely.
A daily close above $0.1014 would signal stronger bullish momentum, while a break below $0.0979 could trigger a pullback toward the 20-day exponential moving average near $0.097.
Analysts suggest that if current support levels hold and momentum continues, HBAR could test the $0.15 level in the medium term.
Upcoming events like the HederaCon 2026, scheduled for early May, could also provide catalysts.
Positive news from the conference could add momentum to HBAR’s price, particularly if it coincides with increased trading activity for ecosystem tokens.
An Australian survey signals growing everyday crypto use despite lingering banking frictions. Independent Reserve’s annual poll of 2,000 Australians, conducted between January 12 and January 30, 2026, shows a meaningful uptick in practical crypto payments, with households increasingly treating digital assets as a usable payment method rather than solely a speculative bet. The report reveals a notable expansion in real-world use cases, even as banks continue to scrutinize and constrain crypto-enabled transactions. These dynamics highlight a country that is embracing crypto for everyday commerce while navigating a still unsettled regulatory and banking landscape.
Key takeaways
- Crypto as a payment method has doubled, rising from 6% to 12% of respondents who used crypto to pay for goods or services in 2026.
- Online shopping emerged as the leading use case, with 21% of respondents paying for online purchases using crypto.
- Paying for services, including freelancing and video game purchases, accounted for 16% of respondents’ crypto usage for goods and services.
- Banking friction remains a major barrier, with about 30% reporting delays or rejections when buying crypto or transferring funds to exchanges, up from 19.3% in 2025.
- Regulatory clarity is widely seen as the key to unlocking smoother bank-crypto interactions and broader adoption.
Tickers mentioned:
Sentiment: Neutral
Market context: The findings come amid ongoing global debates over crypto regulation and the role of banks in digital-asset ecosystems. In Australia, the push for clearer licensing and standards is framed as a path to reduce friction while protecting consumers and institutions.
Why it matters
The Independent Reserve survey underscores a shift in consumer behavior: crypto is crossing from the fringes of finance into everyday checkout lanes. The fact that more Australians view crypto as a practical payment tool rather than a mere investment signals a potential shift in demand for crypto-enabled products and services. Yet the journey is uneven. The same research shows that a substantial portion of the population still encounters roadblocks when attempting to transact with crypto, particularly through traditional banking rails.
The banking environment in Australia has grown more cautious since 2023, when several large banks introduced constraints on crypto-related transactions. This cautious stance manifests as payment delays, caps on transfers to exchanges, and additional identity checks. The report notes that around 30% of investors faced delays or rejections at least once, a notable rise from the prior year. The friction is not merely transactional; it influences consumer confidence and business planning for exchanges, wallets, and merchants who accept crypto as a form of payment.
“For many Australians, the lack of regulation hits home when a payment to a crypto exchange is delayed or blocked, an issue that has continued to rise for another year,” the report authors said. “These interruptions affect both consumers and businesses, showing how cautious banks are with crypto when the rules aren’t clear.”
The authors argue that the core issue is not simply the size of a transaction but the behavior and patterns associated with crypto activity. Banks may be tailoring their risk assessments to perceived patterns rather than merely to transaction value, a shift that underscores the urgent call for regulatory clarity. In their view, clear licensing would enable banks to differentiate legitimate, compliant operators from opaque or high-risk actors, reducing unnecessary friction while protecting consumers.
Beyond the regulatory question, the report also notes a broader sentiment within the sector: the Australian crypto market has seen population-wide growth and regulatory dialogue, but a spectrum of issues remains. Crypto executives who spoke to Cointelegraph last month pointed to ongoing progress—especially in terms of user growth and constructive regulatory reforms—while acknowledging gaps that still hinder seamless integration with traditional financial services. The conversation around licensing, consumer protections, and operator standards continues to shape how the sector can scale without compromising safety or prudence.
To illustrate the complexity of the landscape, the report and related coverage highlight several intertwined factors: a pragmatic upscaling of crypto payments among consumers, persistent friction within banking channels, and a clear demand for a robust, authority-backed framework. The calls for regulatory clarity are not merely aspirational; they are being framed as practical enablers that could foster greater interoperability between exchanges, wallets, and banks. The net takeaway is a cautious optimism: adoption is rising, but a well-defined regulatory regime is viewed as essential to preserving consumer protection while unlocking broader access to crypto-enabled commerce.
Related coverage and prior reporting emphasize that the Australian market has long wrestled with banking barriers, a situation that policymakers and industry participants alike view as solvable through consistent licensing standards and transparent governance. In that sense, the present survey adds empirical weight to the argument that regulated, auditable operations will bolster banks’ confidence in crypto transactions, ultimately supporting a healthier, more reliable payment ecosystem for ordinary Australians.
What to watch next
- Regulatory milestones in Australia: pending licensing standards and clarity around crypto-operator oversight.
- Banking policy evolution: how major lenders adapt their risk models and customer onboarding rules in response to new regulations.
- Industry partnerships: how exchanges, wallets, and merchants align with regulatory expectations to reduce friction for end users.
- Further research: follow-up surveys to track whether banking changes translate into improved accessibility and reduced delays for crypto transactions.
Sources & verification
- Independent Reserve’s 2026 Australian crypto adoption survey of 2,000 adults, conducted January 12–30, focusing on real-world payments and use cases.
- Binance survey noting persistent banking barriers for crypto exchange users in Australia.
- National Australia Bank and Commonwealth Bank regulatory changes in crypto transaction processing in 2023, including delays and identity checks.
- Cointelegraph reporting on Australian crypto adoption, regulation, and SMSF growth in 2026.
- Crypto regulation discussions and legal commentary on regulatory clarity to bridge gaps between exchanges and banks.
Transforming payments in a cautious environment
Banking friction and practical use reshape Australia’s crypto payments
Independent Reserve’s study paints a nuanced portrait of a market on the cusp of broader adoption. The 2026 survey of 2,000 Australians indicates a clear uptick in crypto payment activity, with 12% using crypto to purchase goods or services—double the 2025 level of 6%. The shift reflects a growing belief that crypto can function as a consumer payment option, particularly for everyday online purchases where speed and convenience matter. In a country with robust digital commerce, the ability to settle online orders with crypto appears to be appealing to a subset of shoppers who value control over their transaction experiences and seek alternatives to traditional card rails.
The data show notable segmentation in use cases. Online shopping was the most common scenario among those who used crypto for goods and services, with 21% selecting it as their primary real-world application. Another 16% indicated they used crypto to pay for services, including freelancing and digital entertainment purchases. These figures suggest that the technology is becoming part of the fabric of everyday commerce rather than merely a speculative asset held in portfolios. Yet the path to broader acceptance remains colored by friction at the interface between crypto services and mainstream banking.
Frictions at banks’ doors are repeatedly highlighted as a major hurdle. The survey notes that around 30% of investors encountered delays or outright rejections when attempting to buy cryptocurrency or transfer funds to a crypto exchange at least once, up from 19.3% in 2025. This widening gap underscores a banking sector that remains wary of crypto activity in the absence of clear and consistent regulatory guardrails. In practical terms, delays can mean missed opportunities and increased costs for users who rely on timely access to digital assets for commerce, payroll, or freelance payments.
Regulatory clarity emerges as a central remedy in the conversation. The report argues that clear licensing and robust standards would give banks the confidence to process crypto-related transactions while maintaining appropriate risk checks. As one excerpt from the analysis notes, “Clear licensing and regulation can help fix this. By setting high standards for crypto operators, banks would have more confidence that transactions are legitimate.” The implication is straightforward: a well-defined framework could bridge the gap between exchanges and banks, reducing the friction that currently dampens consumer confidence and business activity in the crypto space.
“For Australia’s blockchain industry, which has faced banking hurdles for over a decade, effective regulation could finally bridge the gap between exchanges and banks, giving investors and businesses more certainty and reliability.”
While the sentiment is cautiously optimistic, the authors stress that progress hinges on policy clarity. In interviews and industry briefings cited by the piece, executives emphasized that the country’s crypto market shows momentum in user growth and regulatory reform, yet still requires a cohesive approach to licensing, consumer protection, and operator accountability. The takeaway is not merely about increasing volumes; it is about cultivating a trusted environment in which ordinary Australians can access and use crypto as a legitimate, compliant means of payment.
As regulators, banks, and industry participants navigate this transitional phase, the survey’s findings offer a evidence-backed pulse check on how far the ecosystem has come—and how far it still has to travel. If the regulatory regime establishes credible guardrails and operational standards, a broader segment of the population could begin to treat crypto as a regular, reliable payment option, with banks offering smoother onboarding and fewer interruptions. The next steps for policymakers will involve balancing consumer protection with innovation, ensuring that the gains in adoption are not undermined by a lack of clarity or insufficient oversight.
Crypto World
BNB Chain Extends Zero-Fee Stablecoin Transfers for USDC, USD1, and U Until March 31, 2026
TLDR:
- BNB Chain has extended its 0 Fee Carnival through March 31, 2026, covering USDC, USD1, and U gas fees.
- Over $4.5 million in stablecoin gas fees have been covered since the program launched on BNB Chain.
- Thirteen wallets sponsor free BSC transfers, with USD1 and U unlimited and USDC capped at two per day.
- Celer cBridge and Meson.fi offer zero-cost bridging into BNB Chain from Ethereum, Arbitrum, and more.
BNB Chain’s 0 Fee Carnival has been extended through March 31, 2026, at 23:59 UTC. The program now covers gas fees for three stablecoins: USDC, USD1, and U.
This applies across CEX withdrawals, wallet transfers, and cross-chain bridging on BSC and opBNB. Since launch, BNB Chain has covered more than $4.5 million in user gas fees.
The network also handles approximately 40% of all global stablecoin transactions to date.
Zero-Fee Withdrawals and Wallet Transfers Now Available Across Platforms
Multiple major centralized exchanges are part of the zero-fee withdrawal program. Binance, Bitget, MEXC, Bitmart, Ourbit, BingX, LBank, and HTX are all enrolled.
Each exchange sets its own minimum withdrawal threshold for the supported assets. For example, Binance covers USD1 withdrawals on BSC with a minimum of $10.
BNB Chain confirmed the extension through an official post on X. The network stated it had already covered $4.5 million in gas fees across the program. The post also pointed to its 40% share of global stablecoin activity. Zero fees continue to apply to all three supported stablecoin assets.
The 0 Fee Carnival continues.
We’ve already covered $4.5M+ in stablecoin gas fees and power ~40% of all stablecoin transactions.
Now zero-fee transfers for USDC, USD1 & U are extended to March 31, 2026.
Read more
https://t.co/gNxRWzN4zS pic.twitter.com/fTYMkDxyr6
— BNB Chain (@BNBCHAIN) March 17, 2026
Wallet-to-wallet transfers on BSC also remain gas-free under the extension. Thirteen wallets sponsor these transfers, including Trust Wallet, Bitget Wallet, SafePal, and TokenPocket.
USD1 and U have unlimited daily transfers, while USDC is capped at two per day. The minimum eligible transfer amount is $0.10.
Only direct wallet-to-wallet transfers on BSC qualify for the gas sponsorship. Transactions routed through DApps or swap protocols are not covered.
This keeps the program focused on standard peer-to-peer stablecoin movement. Users sending directly between wallets stand to benefit the most.
Cross-Chain Bridging Into BNB Chain Now Comes at Zero Cost
Celer cBridge and Meson.fi both support gas-free stablecoin bridging into BNB Chain. Eligible source chains include Ethereum, Arbitrum, Polygon, Avalanche, and Optimism.
Meson.fi also includes Tron as a supported source network. Together, these two bridges cover the most widely used cross-chain routes.
Celer cBridge charges no bridge fee for USDC transfers onto BNB Chain. Meson.fi takes a different approach, offering users a full 100% rebate on completed transfers.
In both cases, users pay nothing to complete a cross-chain move. This removes a common barrier for users active across multiple blockchain ecosystems.
Before this program, moving stablecoins across chains involved gas fees on both ends. The zero-fee setup now eliminates that cost for users bridging into BNB Chain.
This makes it easier for users coming from Ethereum, Arbitrum, or Optimism to join. Those users can now explore DeFi on BNB Chain without paying to get started.
HTX has gone further by committing to zero-fee USD1 support on a permanent basis. Other wallets, exchanges, and bridges are invited to participate as the program grows.
BNB Chain positions this as a long-term effort to reduce friction in stablecoin movement. The current extension gives all users until March 31, 2026, at 23:59 UTC.
The post BNB Chain Extends Zero-Fee Stablecoin Transfers for USDC, USD1, and U Until March 31, 2026 appeared first on Blockonomi.
After gaining more than 100% since its all-time low, PI has now dumped by almost 50% from its local peak.
Although it was completed several days ago, the Core Team behind the controversial project announced the migration earlier today, solidifying the successful upgrade to version 20.2.
They reasserted that the new protocol version should be groundbreaking for the project as it provides the foundations to eventually enable smart contract capabilities. However, even this big news couldn’t halt PI’s free-fall.
V20.2 Arrived
The past month has been quite eventful for Pioneers as the Core Team made several key protocol upgrades even before the aforementioned one. At first, they announced the successful migration to v19.6 on February 20, followed by v19.9 on March 4.
All eyes turned to March 12, which was the new deadline for the implementation of v20.2. It was the most important one from this year. In a post on X from hours ago, the team said: “All major Pi nodes have now been upgraded to version 20.2 and are supporting protocol 20.”
It’s worth noting that the team actually completed the migration within the original timeframe, as hinted in their Pi Day celebratory post from the weekend. However, the post now provides more information on what Pioneers can expect, especially since Pi Network has upgraded its Mainnet blockchain to protocol 20. The latest version is a major step toward the network’s goal to have smart contract capabilities, as explained in the post:
“Protocol 20 provides the foundation to enable smart contract capabilities, and the rollout of smart contracts will occur gradually, prioritizing categories that align with utility-based product innovation and operations. The specific types of smart contracts featured will depend heavily on the needs arising from the utility creation process.”
PI Drops Yet Again
Perhaps driven by the initial updates, PI’s price went on a roll in late February/early March. This rally received a major boost when the major US crypto exchange Kraken announced that it would list it for trading on March 13. The effects were immediate as PI skyrocketed by double digits from around $0.20 to almost $0.30.
After hitting a five-month peak, though, the reality set in as it turned out to be another classic sell-the-news event. PI nosedived on the next day toward the $0.20 support, which gave in yesterday. The situation has only worsened in the past 12 hours, as the token has dumped to under $0.175, thus dropping by almost 50% in just a few days.
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PiScan data shows that the number of tokens to be released in the next month would be rather negligible compared to what it was in February and early March. Aside from March 20, when almost 16 million coins will be unlocked, the rest of the month will see numbers below 4 million.
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