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Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
Coinbase narrows loss while crypto trading volumes fall in Q3
3.11.2023
Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out
Brazil’s USDT Volume Exceeds all Crypto Transactions Combined: Revenue Dept. Report
30.10.2023
The Brazilian tax department report said that the country’s Tether (USDT) trading volume proliferated since 2021. Tether stands out among other stablecoins and has surpassed the volume of Bitcoin (BTC) during the same period. “Among the stablecoins, the cryptocurrency called Tether...
Crypto Exchange Wants to See India Lower Tax on Trading
30.10.2023
Indian government should lower a tax on crypto transactions as it’s not fulfilling its stated purpose, a local cryptocurrency exchange said. The company blames the levy, which was introduced last year, for driving Indian crypto trading volumes to overseas platforms. Indian Exchange Expects...
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
29.10.2023
Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates...
South Koreans Fascinated With Altcoins More Than Americans, Research Shows
28.10.2023
South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the largest Korean exchange is much smaller than the...
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...
Changpeng Zhao’s Net Worth Plummets by 82% Amid Binance Regulatory Turmoil
27.10.2023
The CEO and co-founder of Binance Changpeng Zhao has taken personal hits from the market with his net worth falling due to low trading volumes. The Bloomberg Billionaire Index Index released on Oct 26, shows the net worth of Zhao cut by $11.9 billion, a massive decline from his $96.9 billion...
Bitcoin.com Partners With Hummingbot in VERSE/USDT Campaign on KuCoin With $15,000 in Rewards
22.10.2023
PRESS RELEASE. October 22nd, 2023 — Bitcoin.com, a global leader in introducing newcomers to cryptocurrency, is thrilled to announce the launch of an innovative campaign aimed at enhancing liquidity and trading volumes for the VERSE/USDT trading pair on KuCoin. This strategic campaign will...
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
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?
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
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
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?
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...