Indodax is a centralized cryptocurrency exchange established in 2014 and targets the local Indonesian market. It traded over $11 million worth of cryptocurrencies in the past 24 hours, CoinGecko data shows, and offers all tokens against the Indonesian rupiah, which is worth 15,409 IDR per U.S. dollar as of Tuesday. Source
Despite declining crypto prices last month, centralized exchange volumes saw an uptick in activity. Data from centralized crypto exchanges showed a 30% month-on-month increase in August, even as Bitcoin (BTC) and other digital assets experienced a historical downtrend. August and September are typically bearish months for crypto, but lower prices do not necessarily mean reduced trading activity, as the data confirms. Binance and Bybit led the major centralized exchange (CEX) pack, with increases of 35% and 41%, respectively. However, KuCoin, Crypto.com, and MEXC outperformed the larger platforms. Crypto spot trading…
Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 In financial services, achieving global success requires a deep understanding of local markets. In this hands-on, country-specific session, top experts from the Asian Pacific region will explore what drives traders in this diverse market. The discussion will cover strategies for retaining local…
A group of Coinbase shareholders sued the exchange in 2022, alleging the exchange “made materially false and misleading statements” about its operations and risk of regulatory action. United States District Judge Brian Martinotti, of the District of New Jersey, ruled Thursday that while the plaintiffs had a plausible case that Coinbase acted “negligently” when it came to regulatory action (the SEC did, in fact, sue Coinbase), they did not bring a plausible case for most of the allegations. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Bitcoin is back to the psychological $55,000 zone amid declining on-chain activity on exchanges. Bitcoin (BTC) is up 0.9% in the past 24 hours and is trading at $55,000 at the time of writing. The leading cryptocurrency briefly fell to an intraday low of $53,650 on Sept. 8 as bearish sentiment dominated the crypto market. Bitcoin price, RSI and exchange activity – Sept. 9 | Source: Santiment Moreover, BTC’s daily trading volume increased by 33%, reaching $22 billion. According to data provided by Santiment, Bitcoin witnessed a daily exchange inflow…
However, the existing model required recalibration, according to Woo X COO Willy Chuang, such that lead traders don’t just profit from exchange fees or other misaligned incentives. Another improvement was finding a way to reduce the consistent pressure on lead traders to always outperform, which prompted Woo X to add the flexibility of a countertrade option. Source
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […] Source
The Bitcoin price and the broader crypto market have struggled over the past two weeks. With further price declines, investors have started moving funds into the exchanges. Bitcoin (BTC) plunged to a one-month low of around $53,000 on Sept. 6, bringing strong bearish momentum to the cryptocurrency market. BTC and altcoins saw over $295 million in liquidations a day later. The Bitcoin price recorded mild gains again that helped the global crypto market cap surpass the $2 trillion mark. BTC is up by 0.25% in the past 24 hours and…
Este artículo también está disponible en español. Mpeppe (MPEPE) is stirring up the pot, standing tall next to giants like Dogecoin (DOGE) and Shiba Inu (SHIB). With an impending Tier-1 exchange launch, Mpeppe (MPEPE) is preparing to reshape the meme coin landscape, leveraging its innovative model of wealth creation and community-driven projects. The question on everyone’s mind is: will Mpeppe (MPEPE) become the next big player in the meme coin world? Mpeppe (MPEPE)’s Unique Approach: More Than Just a Meme Coin At its core, Mpeppe (MPEPE) is more than just…