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Binance Regains Trading Volume Market Share Following Settlement with US DOJ
30.1.2024
Cryptocurrency exchange Binance has experienced a notable recovery in its trading volume market share, rebounding to 49% two months after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. The data, provided by crypto research firm Kaiko...
Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion
24.1.2024
The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...
Tokenized Real-World Asset Platform Ondo Finance Announces Expansion into Asia Pacific
22.1.2024
Tokenized Real-World Assets platform Ondo Finance has officially announced its expansion into Asia Pacific with the inauguration of its first office in the area. However, the firm did not disclose the country or the city where the office has been opened. Ondo Finance, currently holds 40% of...
GBTC’s Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus
20.1.2024
Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in...
Stablecoin Leader Tether Approaches 100 Billion in Circulation
15.1.2024
Source: Adobe / Jim Tether, the issuer of the popular USDT stablecoin, has strengthened its dominance in the stablecoin market by approaching 100 billion tokens in circulation. The company’s market share expanded significantly in 2023, growing from 50% at the beginning of the year to over...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
Who Has the Best Bitcoin ETF? BlackRock’s Fee Still A Mystery
2.1.2024
Source: DALL·E Trillion-dollar asset managers are eyeing approval for their Bitcoin (BTC) ETF products within days, and all are competing to seize market share at the opening bell. One major area of competition relates to management fees – the annual cost imposed by funds to handle the BTC backing...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
18.12.2023
Source: Koshiro/Adobe A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms. The newspaper Daehan Kyungjae reported that Upbit’s market share has dropped sharply in recent months, falling from 93%...
First Mover Americas: Binance’s Waning Market Share
12.12.2023
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Binance’s Market Share of Crypto Trading Tumbled to 30% in 2023
11.12.2023
The exchange has also witnessed a drop in its trading volume amidst the regulatory crackdown on the entity in the U.S
INJ prices up, Helix gains market share: All before Volan upgrade
11.12.2023
Prices of INJ, a native token to the Injective Protocol, were $21.79 at the time of articulating this piece. While it is a drop from the recent high of $23.21, it still marks an interesting event, considering Injective has been experiencing an upward trend for a long time now. Most of it...
OKX and Bybit Capitalize as Binance’s Market Share Declines + More News
7.12.2023
Source: AdobeStock / Rafael Henrique Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: OKX and Bybit Capitalize as Binance’s Market Share Declines Safe Partners with Sygnum Bank...
South Korean Traders Drive Recent Crypto Surge as Exchanges’ Market Share Jumps to 13%
16.11.2023
Source: Pixabay Traders in Asia, especially in South Korea, have emerged as key drivers behind the recent rally in crypto market over the past two months. Data compiled by CCData reveals a substantial increase in the market share of South Korean-based exchanges, reaching 12.9% in November compared...
Binance Faces Erosion in Market Dominance with 10% Decline in Trading Volume Amidst Rising Competition: Report
13.11.2023
Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume...
Market share rises by 69% for opBNB, Binance announces support
9.11.2023
opBNB went live on mainnet recently and has already seen a massive rise in its market share. The jump is 69% jump for the Layer 2 solution of the BNB Chain. It is now the second most popular layer 2 solution in terms of DAU, 92,761. Additionally, Binance has announced that it will support deposits...
Binance's spot trading market share falls to 40% in 2023: Report
6.11.2023
The exchange's share in crypto spot trading was slashed by one-third over the past year
PancakeSwap Integrates Bril’s Portfolio Manager to Diversify Liquidity Pools
30.10.2023
As decentralized finance (DeFi) continues to plug along in its quest to capture market share, PancakeSwap, one of the leading decentralized exchanges, has recently taken a step toward optimizing its service offerings. On Monday, PancakeSwap announced a collaboration with DeFi protocol Bril Finance...
Binance Faces Market Share Decline as Crypto Market Surges – What’s Going On?
30.10.2023
Binance, the crypto exchange that for long has dominated global crypto trading, has seen its market share continue to decline even as the overall market has surged higher. The continued decline in market share for the world’s largest crypto exchange was pointed to in a recent opinion piece...
Bitcoin Products Dominate 73.3% of Market Share as Crypto Assets Under Management Grows to $31.7 Billion
27.10.2023
Digital assets under management have soared by 6.74% to $31.7 billion after a string of positive developments amid wider market uncertainties. A new market report released by CCData shows growth in crypto-related products, key activities, and a review of trading volumes in the wake of plunging...