Category: Exchanges

$4,000,000,000 in Bitcoin Exiting Crypto Exchanges Every Month As Outflows Reach Historic Proportions: Glassnode

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The co-founder of leading analytics platform Glassnode says higher prices for Bitcoin are inevitable as BTC leaves exchanges at historic levels. Yann Allemann tells his 52,700 Twitter followers that he’s looking at Bitcoin’s net unrealized profit/loss (NUPL) metric to determine whether market participants are in a state of profit or loss. According to Allemann, Bitcoin is long-term bullish as the metric is in an uptrend, suggesting investors are taking profits at a slower rate than the growth of the market. “Short-term BTC is fragile. Long-term higher prices are inevitable.” Source:…

Helveteq Announces Listing of Crypto ETPs on SIX Swiss Exchange

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SIX Swiss Exchange today confirmed that Helveteq is listing two new crypto exchange-traded products (ETPs), Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O). With the latest listing, Helveteq became the third new crypto ETP issuer to join SIX in 2022. Through Helveteq’s addition, SIX now has a total of 11 crypto ETP issuers. The platform also has 155 tradeable crypto ETPs. Founded in 2021, Helveteq is headquartered in Pfäffikon SZ. Moreover, the company has a representative office in Zollikon. The announcement from SIX came nearly 3 weeks…

UPI Was Central to Coinbase India Launch; Now the Crypto Exchange Says It’s ‘Unavailable’

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On Thursday, hours after Coinbase’s trading launch in India, NPCI tweeted it is “not aware of any crypto exchange” using UPI. At the time, Coinbase responded with a statement that said it was actively experimenting with a number of payment methods., one of which was UPI and that it was”committed to working with NPCI and other relevant authorities to ensure we are aligned with local expectations and industry norms.” Source

Metaverse Will Be Most Popular Place to Buy, Trade, Store Cryptocurrency, Survey Shows – Metaverse Bitcoin News

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The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that “cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.” Survey: Metaverse Will Be the Most Popular Place for Crypto Nasdaq-listed Agora (NASDAQ: API), a video, voice, and live interactive streaming platform, conducted a survey on the metaverse and published the results Tuesday. The company asked 300 U.S.-based developers a set of questions “to learn more about what they…

Cardano (ADA) Prospects Are Bright Based on This Metric – But There’s a Catch: Crypto Exchange Kraken

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Crypto exchange Kraken says that two on-chain metrics measuring demand for digital assets suggest a bullish outlook for Cardano (ADA). In its March 2022 crypto on-chain digest, Kraken says that ADA’s transaction fees, the cost that market participants are willing to pay to use the blockchain, rose by over 50% year-to-date. ADA’s transaction fee is rising amid a general decline in the transaction fees of other major crypto assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tezos (XTZ). “ADA transaction fees have risen about +51,5% from $0.33/tx to $0.5/tx…

Exchange coins utility, explained

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The list includes Binance, Coinbase, FTX, OKEx, Kucoin and HitBTC. There are over 90 different exchange coins, according to CoinMarketCap, many belonging to the biggest names in the cryptocurrency industry. Determining which coins to invest in will come down to a question about the exchange and its benefits. HitBTC has proven itself a powerful contender for those interested in advanced exchange functionality. As one of the largest spot trading exchanges in the industry, boasting over 800 trading pairs and over 400 spot instruments and other customer-focused functionality, including their own…

Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange

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Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts. ZK proofs allow…

PARSIQ (PRQ) Lands on the Crypto.com Exchange

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April 7, 2022 – Tallinn, Estonia PARSIQ has announced that its native token PRQ will be listed on the trading platform Crypto.com starting April 7, 2022. PARSIQ, the web 3.0 monitoring and data automation platform, has announced that users are able to trade PRQ tokens on the Crypto.com exchange, one of the world’s three largest crypto trading platforms by volume, starting today. The announcement dovetails with the news that Crypto.com Capital led the $12 million fundraising round for PARSIQ’s sister project, IQ Protocol. The listing of PRQ points to confidence…

Altcoin Built on Ethereum Blasts Into Stratosphere With 425% Rally As Two Crypto Exchanges Boost Adoption

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A decentralized exchange (DEX) that offers cross-chain swaps is soaring after its native token received the green light from a pair of cryptocurrency marketplaces. TitanSwap (TITAN) first dropped a hint via Twitter on March 31st that an exchange listing was right around the corner when TITAN was trading for about $1.25. The altcoin then steadily reached a price tag of around $2.00 until yesterday, when two major announcements suddenly sent the DEX surging to heights it hasn’t seen since September 2021. First, Seychelles-based crypto exchange KuCoin announced that it was…

Webtoon platform Kakao Piccoma buys 50% of Japan’s Sakura Exchange

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Kakao Piccoma, a Japanese digital comics’ subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC). That makes Kakao its largest shareholder and the deal is also expected to help Kakao offer cryptocurrency services on its Piccoma webtoon platform, and expand aggresively into Web3, according to local media reports. Piccoma is the largest webtoon platform in Japan, and in 2021 its app marked $1 billion in consumer spend after six years in the Japanese market.…