January saw higher spot trading volume on centralized exchanges amid the approval of spot bitcoin ETFs in the U.S. Source
Crypto Trading Hits Busiest Pace Since June 2022
Tag: Trading
CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval
The exchange also recently saw the volume of bitcoin futures open interest (OI) – the number of existing contracts – surpass Binance (the world’s largest centralized exchange by trading volume). However, CCData notes that this trend has reversed, and open interest has fallen 8.50% to $4.42 billion. Bitcoin options on the exchange also fell, dropping almost 30% to $1.57 billion. Original
Top US Crypto Exchange Coinbase Rolls Out Trading for New Layer-1 Altcoin
Users of top US crypto exchange Coinbase can now buy, sell and hold the new token of the layer-1 blockchain and smart contract platform ZetaChain (ZETA). Coinbase says it is rolling out support for the altcoin, which launched on February 1st, with the experimental asset label. The exchange gives this mark to tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. ZetaChain is a proof-of-stake blockchain designed to seamlessly enable different blockchain networks to communicate and interact with each other.…
Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection
CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Solana (SOL) has surpassed Ethereum (ETH) in 24-hour DEX volume. This development coincides with the prediction from BitMEX co-founder Arthur Hayes, who foresees a rally in Solana following the crisis in New York Community Bank (NYCB). Deep Dive on Solana’s Meteoric Price Trajectory As reported by DefiLlama, SOL seized the spotlight by outpacing ETH in the 24-hour decentralized exchange (DEX) volume. Solana is still the number 1 ecosystem by DEX volume📈 pic.twitter.com/Y6MtGHYQnY — Crypto Crib (@Crypto_Crib_) February 2,…
Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network
It seems unlikely that such a crowd would immediately flock to the sort of high-risk leverage trading that Avantis, which offers 75x leverage, says it offers. But plenty did during Avantis’ two-month testnet, which generated over $5 billion in trading from 50,000 wallets, according to a press release. Source
Thai SEC Orders Zipmex to Suspend Digital Asset Trading and Brokerage Services
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Germany’s DZ Bank to run crypto trading trial in 2024
DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot. Souad Benkredda, a board member at DZ Bank, stated that the Frankfurt-based bank aims to offer a variety of cryptocurrencies. The initiative is designed for customers who prefer to invest independently without seeking financial advice. “According to a study by the Genoverband, every second bank wants to offer this solution for their customers.” Souad Benkredda in an interview with Bloomberg However, Benkredda noted that the decision to adopt such a service ultimately rests with each individual institution.…
Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg
The bank released a cryptocurrency custody platform in November. Source
Spot Trading Volume Reaches $427 Billion
According to a recent CoinGecko report, Binance, the world’s largest centralized exchange (CEX) by trading volume, has retained its market leadership position in 2023. Despite facing increased regulatory scrutiny and undergoing significant leadership changes, Binance maintained a market share of 43.7% and saw its spot trading volume rise to $427.1 billion in December 2023, representing a 37.5% month-on-month (MoM) increase. Binance Trading Volume Reached $3.8 Trillion In 2023 According to CoinGecko’s report, Binance started the year with a commanding 63.5% market share but experienced a gradual decline throughout 2023, ending…
GSR Appoints Ex-JPMorgan Executive as Head of Trading
Before the appointment, Koukorinis served as global head of credit and FICC eTrading at JPMorgan, and was responsible for global algorithmic credit trading including systematic market making, algorithmic trading in exchange-traded funds across fixed income, and portfolio trading across corporates and emerging markets. Source