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Coinbase Trading Volume Plunges 52% to $76 Billion, Marks Lowest Quarter After Public Listing
12.10.2023
Coinbase, the largest cryptocurrency exchange by volume in the United States, recorded a significant decline in spot trading volumes as the crypto bear season drags on.
On Oct 11 Bloomberg reported that the low figures posted by the popular exchange in the last quarter could be its lowest in...
Tornado Cash Trading Volumes Nosedived 90% After U.S. Sanctions
11.10.2023
While North Korean hackers have mostly moved to other Bitcoin mixers, some illicit use of Tornado Cash continues, a report from TRM Labs says
3 reasons why Bitcoin struggles to rally above $28.5K
5.10.2023
Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level
Will Bitcoin price hold $26K ahead of monthly $3B BTC options expiry?
27.9.2023
Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell trouble for BTC bulls
Dex Trade Volumes Plunge 37% Since May; September Volumes Could Be Even Lower
18.9.2023
After capturing $66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $41.7 billion. Metrics for the first half of September do not show improvement, with decentralized exchange trade volumes at about...
Binance Launches ‘Send Cash’ Remittance Services in Latam
1.9.2023
Binance, the largest cryptocurrency exchange by volumes traded, has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank accounts of friends or family in Argentina...
Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%
31.8.2023
Falling revenues have led some market commenters to say the platform has “gone dead.” But has it?
NFTs Hit By Unstable Market As Multiple Projects Post Monthly Losses Amid Declining Volumes
24.8.2023
Recent data from non-fungible token (NFT) marketplaces show a sharp decline in transaction volume and prices with several projects posting double-digit losses.
According to data for Nansen, “blue chip” NFTs have recorded up to 25% NFT losses as the sector marks the lowest point since April...
NFT marketplace Rarible sees uptick after commitment to royalties
24.8.2023
NFT aggregator Rarible said by October it would cut off aggregate orders from competitors that don’t enforce royalties, such as OpenSea
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
18.8.2023
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against the raging devaluation registered after...
Bitcoin Price Outlook for August
14.8.2023
Aside from last week’s move above $30,000, bitcoin has mostly consolidated below this level for the majority of August. Market volatility has eased, seemingly as a result of lower trading volumes due to the summer period. Despite this, history shows that bulls tend to return closer to...
Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst
11.8.2023
Approval of spot Bitcoin ETFs in the United States will likely push the country's share of crypto ETF trading volumes even higher, says a Bloomberg analyst
Chainlink & Polkadot trading volumes slump, Borroe sees exponential popularity surge
2.8.2023
The cryptocurrency market is known for its dynamic nature, with tokens experiencing fluctuations in trading volume and popularity. In recent times, major players like Chainlink (LINK) and Polkadot (DOT) have witnessed a slump in trading volume. However, amidst this market trend, a new token...
Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes
2.8.2023
The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday
Optimism transaction volumes surpass Abitrum’s for the first time in six months
27.7.2023
Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest," but has regained it after Worldcoin launched on July 25
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
27.7.2023
The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result in “an increase in the volume and activity of wallet holders.” According to the acting governor, the central bank is also working towards...
Bitget surpasses 20M users as wallet integration spurs trading volumes
25.7.2023
The platform is now among the four largest cryptocurrency exchanges by trading volume after integrating with recently acquired wallet service Bitkeep
XRP price searches for a fresh bullish catalyst to trigger a move above $1
21.7.2023
XRP price rallied in excess of 100% after Ripple’s victory last week, but do fundamentals support a move to $1 and beyond?
Blackrock Bitcoin ETF Filing Announcement Propelled BTC in Q2 — Study
20.7.2023
According to the latest Coingecko report, during the second quarter (Q2) of 2023, the U.S. dollar value of BTC grew by nearly 7% while that of the entire crypto market capitalization only went up by 0.14%. In contrast, BTC’s average daily trading volume during the period fell by 58.7% from...
Ripple’s Victory in Court Drives up Crypto Trading Volumes
16.7.2023
Ripple's win against the US Securities and Exchange Commission has boosted crypto trading volumes across spot exchanges.
Spot trading volumes on crypto exchanges surged to $16.56 billion on Friday from Wednesday's $12.74 billion, a growth of around 30% in just two days, according to The Block's...