Category: Exchanges

Crypto Exchanges Spot Volume Hits $1.9T as Bitcoin Surges 40% in November 2024

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Binance Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined

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The world’s biggest crypto exchange accounts for $21.6 billion in user fund deposits. So far this year, users’ funds inflows to Binance – the world’s largest digital asset exchange by registered users and trading volume – are almost 40% higher than the total of the next 10 crypto exchanges combined, as ranked by DefiLlama. According to the data platform, Binance accounts for $21.6 billion in inflows in 2024 to date, while the next 10 exchanges sum $15.9 billion (36% more). This year, Binance inflows have been supported by heightened global…

Coinbase, Binance Among 16 Crypto Exchange Websites Blocked by Cambodia

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New Exchange Lunex Joins Ethereum and Uniswap in the Spotlight – Can It Surpass $0.50 by Year-End?

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PRESS RELEASE. Three unique altcoins—Lunex Network (LNEX), Ethereum (ETH) and Uniswap (UNI)—are attracting huge investor attention with bullish price activities. While Ethereum’s (ETH) bullish surge points at a possible breakout to a new all-time high, Lunex Network’s innovative cross-chain capabilities promise to transform decentralized trading. Uniswap’s (UNI) spectacular climb of over 70% in just one […] Source

Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services

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Nigerian crypto exchange platform, Bitmama, has temporarily halted its virtual Mastercard services due to unforeseen issues with its provider. This move follows a trend of fintechs in Africa facing challenges with card services, including fluctuating exchange rates, chargeback fraud, and insufficient funds. While some fintechs blame provider issues, others cite high costs and limited revenue […] Source

The Role of Cryptocurrency in Reducing Banking Costs for Small and Medium Businesses

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Cryptocurrencies and blockchain technology are really the latest transformative tools to have emerged for SMBs in their quest to reduce banking costs and smoothen financial operations. Most traditional banking services charge high transaction fees, take a long time to process and are not cross-border capable. By leveraging crypto, SMBs find innovative ways to enhance efficiency and stay competitive in an increasingly globalized market. High Banking Costs While trying to avail every facility available, even smaller and medium-sized businesses face more serious problems through traditional bank systems. Indeed, in a recent…

Japan’s DMM Bitcoin Exchange Plans to Shut Down

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The Japanese cryptocurrency exchange DMM Bitcoin, part of the DMM.com Group, is ceasing operations and preparing for liquidation. The exchange plans to transfer its customer deposits to SBI VC Trade, a local crypto exchange owned by SBI Holdings, by March 2025. Asset Transfer to Another Exchange Announced today (Monday), DMM Bitcoin and SBI VC have reached a basic agreement for the transfer of all customer accounts and deposit assets. “Under this agreement, customer deposit assets (in Japanese yen and crypto assets) in accounts opened on DMM Bitcoin will be transferred…

XRP Becomes 4th Largest Cryptocurrency as Ripple Fuels Optimism Over Pro-Crypto Policies

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XRP has surged to become the fourth-largest cryptocurrency, overtaking solana (SOL), as legal clarity and regulatory optimism spark renewed confidence among investors. XRP Soars Past Solana, Reclaiming a Top Crypto Spot XRP has displaced solana (SOL) to become the fourth-largest cryptocurrency by market capitalization, following an impressive increase in value during November. As of writing, […] Source

Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto Exchanges

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Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s financial regulator, announced Nov. 29 that it has issued warning letters to five cryptocurrency exchanges it accuses of operating without registration. The five crypto exchanges […] Source