Trading Volume on Spot Crypto Market Drops 65% in April, According to Analysts

According to analysts of The Block, the trading volume on the spot cryptocurrency market collapsed by 65% in April of this year. Experts attribute the incident to the introduction of commissions on the Binance exchange. Total tradi ...

CryptoQuant Reports Record Low Bitcoin Leverage Ratio as Volatility Decreases

According to analyst firm CruptoQuant, the leverage ratio for bitcoin has reached a historic low of 0.195, previously shown in December 2021. The leverage ratio is an indicator used by experts to estimate the volatility of digital asset prices over the long term. Lever ...

Binance Exchange to Allow Rewards Collection and BETH Asset Exchange for ETH 2.0 Staking on April 19

According to an announcement on the trading platform's website, customers who have participated in the ETH 2.0 program on the exchange by staking Ethereum will be able to redeem rewards and exchange BETH assets that have been locked in staking at a ratio of 1:1 starting from April 19 at 08:00 UTC. ...

Cryptocurrency Exchanges See Record Trading Volumes in March 2023

Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded. This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in M ...

Huobi Token (HT) Experiences 93% Crash in Exchange Rate Due to Market Behavior

In the early hours of March 9-10, the Huobi cryptocurrency exchange token - HT - experienced a sharp decline of 93% in its exchange rate. The CEO of the exchange, Justin Sun, attributed this to "market behavior." Within a span of just 10 minutes, the token's value plummeted from $4.6 to $0.31, be ...

Binance’s Dominance in Bitcoin Trading Market Raises Concerns

Binance's move to eliminate trading fees for bitcoin trading, along with the collapse of FTX exchange, has allowed the crypto giant to capture almost 100% of the market share. Binance has steadily increased its presence and trading volumes since 2018, with its market share at 45% at the start of 202 ...