Tag: Exchange

Bitcoin Investors Accumulate Almost $1 Billion In BTC As Exchange Reserves Falls Towards New Lows

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Este artículo también está disponible en español. Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred. In fact, about 15,917 BTC, valued at approximately $987 million, has been withdrawn from various cryptocurrency exchanges over the past week. Bitcoin Exits Crypto Exchanges In Droves According to a previous report by NewsBTC, Bitcoin’s recent dip to $60,000 can largely be attributed…

Crypto Exchange OKX Goes Live in United Arab Emirates (UAE), Targeting TradFi Institutions, Retail Investors

The opening, nine months after OKX Middle East Fintech FZE was granted full regulatory approval by the Virtual Assets Regulatory Authority (VARA), will allow one of the four biggest cryptocurrency exchanges by volume to offer local residents access to a market without involving a broker who buys liquidity from outside the UAE, usually at a higher price, adding time and friction, said Rifad Mahasneh, the exchange’s general manager for the Middle East. Source

Bitget Token (BGB) Tumbles 52% on ‘Market Sluggishness,’ Crypto Exchange Says, While Promising Compensation

Flash crashes aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell. In BGB’s case, the catalyst was likely “overall market sluggishness” stemming from holidays and Golden Week in Asia, among other factors, said Ryan Lee, chief analyst at Bitget Research, in an email. Source

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

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Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous […] Source

Toncoin struggles as TRON surges; investors eye Lunex network’s DeFi exchange

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Toncoin loses investor interest due to a negative funding rate, while TRON gains momentum, surpassing Bitcoin and Ethereum. Toncoin (TON) is quickly losing investor interest due to its negative funding rate, but TRON is picking up bullish momentum after surpassing Bitcoin and Ethereum in terms of Q3 revenue. Meanwhile, savvy investors are more interested in Lunex Network’s viral DeFi exchange with its unique cross-chain interoperability.  Toncoin’s negative funding rate…

Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

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Este artículo también está disponible en español. Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.  Related Reading Bitcoin Reserve On Exchanges Sees Sharp Plunge  With ongoing market volatility and the recent decline in Bitcoin, on-chain data has identified a significant shift in the…

Binance’s Crypto Exchange Market Share Plunges to Its Lowest Level Since September 2020: CCData

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New data from blockchain tracker CCData show that the market share of the world’s largest crypto exchange slid to its lowest level in four years. CCData says that in September, Binance’s share in the derivatives market dropped to 40.7%, its lowest since September 2020. Its overall market share in the combined spot and derivatives markets also fell to 36.6%, the lowest in the last four years. Spot trading volume on the platform likewise dropped by 22.9% to $344 billion, the lowest since November 2023 and representing Binance’s lowest spot market…

Crypto Exchange Coinbase (COIN) to Delist Unauthorized Stablecoins in EU by December

Coinbase, the second biggest exchange, after Bybit, according to CoinGecko data, has been racing alongside other companies to become compliant with the European Union’s MiCA rules which require firms to be authorized in at least one EU country. Rules for stablecoins came into force on June 30, which require stablecoin issuers to have an e-money license in an EU member state to be able to operate in the bloc of 27 nations. Source