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DEX Volumes Receive Automated Market Makers Boost
15.9.2020
The rapid development of automated market makers (AMMs) is one of the main forces driving the expansion of decentralized exchanges (DEXs), which surpassed 5% of total crypto exchange volume last month, per a new report.
Over 90% of DEX volume is currently generated by AMMs, according to research...
The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live
13.9.2020
From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that...
Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives
8.9.2020
The latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion....
August’s Bitcoin Rally Led to Record Crypto Derivatives Volumes: Report
7.9.2020
CryptoCompare's latest report shows crypto derivative volumes were up 54% in August – likely a result of the rally in bitcoin's price
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
31.8.2020
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes...
Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?
30.8.2020
The Polkadot token, which recently underwent a redenomination, has seen its value more than double in less than seven days. Now with a reported (but unverified) circulating supply of 897,657,920 tokens, the Dot token claims its place as the fifth-ranked token. At the time of writing, the token...
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
Market Report: Merculet Token Price Doubles in 7 Hours, Algo up More Than 500% Since March
14.8.2020
The merculet token gained 160% from $0.00068 to $0.0011 in just 7 hours of trading on August 14. The price jump makes the token biggest gainer in 24 hours according to markets.Bitcoin.com. Despite the price surge, merculet had trading volumes of just $112,000. At the time of writing...
High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’
13.8.2020
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures....
Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH
11.8.2020
BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were […]
The...
BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further
8.8.2020
Options interest and volumes reach their all-time highs, with derivatives markets exploding as market sentiments remain bullish on BTC and ETH
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High
6.8.2020
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips...
Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes
5.8.2020
Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures...
Decentralized Exchange Volumes Rose 174% in July, Topping $4.3B and Setting Second Straight Record
1.8.2020
Uniswap reported 41% of July’s decentralized exchange volume
Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High
29.7.2020
Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to one bitcoin (BTC). Total open interest –...
July’s Decentralized Exchange Volumes Have Already Topped June’s Record, Reaching $1.6B
21.7.2020
DEX trading volume already beat June's record, passing $1.6 billion as of Tuesday
Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion
14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...
Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes
8.7.2020
A short rally popped bitcoin's price to $9.4K during what’s been a month of sluggish volumes
First Mover: With Trading Volumes Slumping, Are There Too Many Crypto Exchanges?
8.7.2020
As bitcoin's volatility tumbles to a 15-month low, is there enough trading volume to go round for the world's 400-plus cryptocurrency exchanges?