Public-evidence assessment finds 22 of 26 major exchanges show no qualifying evidence across six post-quantum migration criteria

SAN DIEGO, Calif., September 17, 2026

NFT Demon Holdings LLC has published The State of Exchange Quantum-Readiness 2026, a public-evidence survey assessing 26 major cryptocurrency exchanges against six criteria related to post-quantum migration readiness.

According to the survey, 22 of the 26 exchanges, including Binance, OKX, Bybit, Kraken, Gemini and Crypto.com, show no qualifying public evidence across the survey’s six criteria: a published migration plan, named algorithm targets, a dated timeline, a cryptographic inventory, deployed or piloted post-quantum cryptography, or executive commitment to act.

The survey evaluates each exchange using six criteria, with each criterion requiring concrete and attributable public evidence. The criteria include:

• Published migration plan

• Named post-quantum algorithm targets, such as ML-KEM (FIPS 203), ML-DSA (FIPS 204), or SLH-DSA (FIPS 205)

• Dated migration timeline

• Cryptographic key inventory

• Post-quantum cryptography deployed or piloted

• Executive acknowledgment and commitment to action

Among the exchanges assessed, Coinbase and KuCoin tie for the highest observed score at 4/6.

Coinbase’s score includes evidence of program breadth, including its PQ-CoreKMS key-management build and a full company-wide cryptography inventory. KuCoin’s score includes its operation of what the survey identifies as the industry’s only live post-quantum cryptography (PQC) test gateway.

Bithumb follows with a score of 3/6, based on its Aton-partnered full-lifecycle framework. BitMEX scores 1/6 for engaging in Bitcoin’s protocol-level quantum discussion through its “Quantum Canary” proposal.

“The standards have been final for two years, the harvesting of exposed keys has already started, and regulators have begun naming names,” said Jeremy Ryan, founder of NFT Demon Holdings and advisor to quantum-security firms QSAVE and QKey. “Twenty-two of twenty-six exchanges have no public plan. And to the leaders: 3/6 and 4/6 are better than zero, but the technology to reach 6/6 already exists. Not in concept; in practice.”

Ryan added that NFT Demon Holdings has developed a quantum-readiness approach intended to address the requirements identified in the survey.

“NFT Demon Holdings LLC is the only consulting firm I’m aware of that can accomplish 6/6 with no separate blockchain and no per-transaction fees, both of which are non-starters,” Ryan said. “This is particularly dangerous because so many resources are going into solutions built on those non-starters, setting the entire industry further back. It’s also the only solution I know of that offers insurance with protection. For companies holding billions of dollars of other people’s money, there is no longer an excuse to put that at risk.”

Survey Uses a Strict Public-Evidence Standard

The survey is deliberately structured around publicly verifiable evidence. A score of zero means that no public evidence was found, rather than establishing that an exchange has no internal quantum-readiness program.

The complete 26-row scorecard, scoring rubric, methodology and source ledger are available through NFT Demon Holdings’ published survey.

Read the full survey:The State of Exchange Quantum-Readiness 2026

Quantum-Readiness Advisory

NFT Demon Holdings provides quantum-readiness advisory services for cryptocurrency exchanges, custodians, wallet providers, private capital firms, financial institutions and funds. Its services range from key inventory and vendor evaluation to full migration planning.

About NFT Demon Holdings LLC

NFT Demon Holdings LLC is a San Diego consulting and development firm founded in 2022 by Jeremy Ryan, widely known as NFT Demon. The firm provides consulting, advisory and bespoke custom application development in blockchain, artificial intelligence and quantum computing for enterprises, public figures and governments.

Learn more atNFTDemon.com.

Media Contact Details
Jeremy Ryan Founder and CEO NFT Demon Holdings LLC
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Phone: 858-327-1144
Website: nftdemon.com

Longtime TCF supporter Mike Nithavrianakis is taking on a series of international marathons to raise $1 million for children’s education in Pakistan 

CHICAGO, Illinois

Former British diplomat Mike Nithavrianakis is dedicating his 2026 marathon season to advancing children’s education in Pakistan through the Global Run for Education. The campaign aims to raise $1 million in support of The Citizens Foundation (TCF) and expand access to quality education for children from underserved communities.

Nithavrianakis has already completed the Milan Marathon on April 12, the London Marathon on April 26 and the Sydney Marathon on August 30. His campaign will continue with the Chicago Marathon on October 11 and the New York City Marathon on November 1, before culminating in Karachi on January 3, 2027.

The campaign builds on a relationship with TCF that began during Nithavrianakis’s diplomatic service in Pakistan. While serving as Deputy High Commissioner in Karachi and Trade Director for Pakistan for the British Government from 2019 to 2022, he visited a TCF school and saw firsthand both the scale of Pakistan’s education challenge and what access to quality education could make possible.

“My first school visit left a deep imprint,” Nithavrianakis said. “I have many lasting impressions, but the clearest memory is of interacting with a group of quite young pupils who were so engrossed that one could literally see their thirst for learning and knowledge.”

Nithavrianakis later combined his passion for running with fundraising for TCF. During his posting in Pakistan, he took on the London and Manchester Marathons within a week of each other, helping raise more than $350,000 to fund a new TCF campus in Matiari District, Sindh. TCF School, The Nithavrianakis Campus, now carries his family name.

The 2026 Global Run for Education builds on that earlier effort at a time when approximately 25.2 million children in Pakistan remain out of school. Based on TCF’s annual cost of educating one student, the campaign’s $1 million goal is equivalent to supporting roughly 6,000 students for a full academic year.

Economic hardship and limited access to affordable, quality schools continue to keep millions of children out of classrooms across Pakistan. TCF works to change that by bringing education closer to underserved communities with its 2,261 school units and expanding opportunities for girls who often face the greatest barriers to staying in school.

Its model also creates opportunities for women. TCF’s all-female faculty of 16,500 teachers provides local employment and helps build confidence among families sending their daughters to school. By combining access to education with women’s participation in the workforce, TCF aims to strengthen both individual opportunity and communities over the long term.

The Citizens Foundation, USA (TCF-USA) supports TCF’s education programs and initiatives in Pakistan.

“Mike’s campaign shows how a personal commitment can invite people around the world to take part in lasting change,” said Salman Hasan, CEO of TCF-USA. “Every mile draws attention to children who are still waiting for a classroom, and every donation helps create a real educational opportunity.”

Given the strong support for TCF across the United States, Nithavrianakis and Hasan are also considering how future race entries could help reach new supporters in 2027 and beyond.

For Nithavrianakis, the campaign remains rooted in a simple belief about opportunity.

“All any parent can hope for in life is that their child is given the same opportunities as others,” he said. “With TCF the sky’s the limit.”

Supporters can contribute to the Global Run for Education and follow Nithavrianakis’s progress as the campaign continues through the United States and beyond.

To support Mike Nithavrianakis’s 2026 Global Run for Education, visit:
https://fundraise.tcfglobal.org/fundraiser/891645838259/mike-s-2026-global-run-to-educate-6-000-children

To learn more about TCF-USA and its work, visit:
https://www.tcfusa.org/

About The Citizens Foundation, USA

The Citizens Foundation, USA is a U.S.-based 501(c)(3) tax-exempt nonprofit organization, Federal Tax ID 41-2046295, that supports the education of underserved children in Pakistan. TCF-USA has an active network of more than 40 chapters across the United States.

TCF-USA supports programs, initiatives, and projects of The Citizens Foundation in Pakistan. TCF was established in 1995 by a group of citizens seeking to create social change through education. The organization operates 2,261 purpose-built school units serving 320,000 students. Its all-female faculty includes 16,500 teachers, and TCF maintains a balanced gender ratio among students.

TCF-USA donors have helped build and support more than 800 elementary and secondary schools with an enrollment of over 122,000 girls and boys. TCF-USA’s Board of Directors maintains full discretion and control over donations and grants supporting projects in Pakistan. Contributions are tax-deductible in the United States to the fullest extent permitted by law.

Media Contact Details
Salman Hasan
The Citizens Foundation, USA
Email: Send Email
Phone: 888-729-3022

Cyces plans to expand Looppanel’s AI-native capabilities, while keeping user insight at the center of how products get built.

CHENNAI, INDIA

 Cyces Inc. and Obtain Technologies Inc. announced today that Cyces has acquired Looppanel, an AI-powered qualitative research platform used by UX and product teams globally.

Looppanel was founded to help companies make faster, better decisions grounded in user insight. Its platform offers capabilities including multilingual transcription, AI-assisted analysis, thematic tagging, search, and collaboration, giving UX and product teams tools to analyze research and act on insights.

“We founded Looppanel out of a simple belief: the best products are built when we listen to customers,” said Kritika Oberoi, Co-Founder and CEO of Looppanel. “Today, we’re taking the next step in that journey with Cyces expanding Looppanel’s capabilities and making it easier for teams to act on user insight.”

A Looppanel customer since 2022, Cyces has seen firsthand the value the platform brings to product development. Under Cyces, Looppanel will continue serving its existing customers without interruption while growing its feature set. Cyces said it plans to accelerate product development, expand the platform’s AI capabilities, and bring Looppanel to more teams worldwide.

“We’ve used Looppanel for the last four years, so we know the value it brings,” said Senthil Ramasamy, Founder of Cyces, a tech company with operations in the US and India. “AI has made software much easier to build. We see user research as the layer that decides whether a product succeeds or not. We’re looking forward to bringing Looppanel to more teams around the world and showing them what it can do.”

“This acquisition is a natural fit for Cyces’s product DNA. Looppanel is a great product, and we’re excited to help shape its next chapter. Our roadmap is moving towards agentic UX research,” said Kalidass Rajasekar, Head of Product, Cyces.

As the future of research and work continues to change, Cyces said its investment in Looppanel will support continued development of the product and its AI capabilities.

“From day one we have built AI systems that could understand the complexity of qualitative research without taking control away,” said Akash Tandon, Co-Founder and CPTO of Looppanel. “We’re excited to see Cyces’s engineering team expand what’s possible with AI and Looppanel.”

Looppanel works with UX and product teams globally. The company presented at TechCrunch Disrupt and was part of Sequoia Capital’s Spark cohort for early-stage startups.

About Looppanel

Looppanel helps product and UX teams analyze, organize, search and share qualitative user research through its AI-powered platform. For more information, visit looppanel.com.

About Cyces

Cyces, an AI-first product studio, has partnered with enterprises and growing companies across the US, India, the Middle East and Australia to build software products in industries including finance, healthcare and energy. The company also builds and operates its own software products, with applied AI taking a central role. For more information, visit cyces.co.

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Cyces
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Website: cyces.co