Tag: Trading

Bitfinex introduces zero-fee trading for Latin America

Bitfinex, has announced that it has introduced zero-fee trading for market takers on its peer-to-peer (P2P) platform in Argentina, Colombia and Venezuela. The initiative, which will run until Dec. 31, aims to support the growing demand for crypto trading and adoption in the Latin American region. Bitfinex’s P2P platform, also known as Bitfinex Peer-to-Peer Trading or Bitfinex P2P, allows users to trade cryptocurrencies directly with each other without intermediaries or third-party custody. Users can create their offers or accept existing ones using various payment methods such as bank transfers, cash,…

Coinbase spot trading volume falls by 52% compared to 2022: Report

The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has dropped by more than half, highlighting a shift in interest in crypto trading.  Citing analysis from digital asset data provider CCData, mainstream media outlet Bloomberg reported on Oct. 11 that Coinbase registered around $76 billion in spot trading volume. Compared to its quarterly record for the third quarter of 2022, the new data shows a 52% drop in spot trading for Q3 2023. According to the report, the new numbers are the lowest they’ve…

Binance Launches Self-Trade Prevention Feature for Spot and Margin Trading

It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation. Leading global cryptocurrency exchange Binance is set to roll out its self-trade prevention (STP) feature to help users reduce unnecessary self-executed orders and related transaction fees. The exchange said the tool primarily caters to application programming interface (API) traders who use automated trading programs with its trading engine. According to an official announcement on October 11, this new functionality will be available to all users engaged in spot and…

Binance rolls out self-trade prevention for spot and margin trading

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Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms. Once the STP feature is live, users will be able to check what orders have expired due…

Trader Joe’s Grocery Slaps Lawsuit On DEX Trading Platform

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Trader Joe’s, a well-known supermarket chain in the United States, has taken legal action against a decentralized exchange (DEX) platform named Trader Joe, alleging that it has violated federal trademark laws.  The DEX platform, which operates under the domain name traderjoexyz.com, not only shares the same name as the supermarket but, according to recent reports, also appears to be trying to leverage the supermarket’s established brand and reputation.  US Supermarket Giant Locks Horns With Trader Joe DEX Trader Joe’s has gained popularity in the digital realm by initially launching on…

SBF’s Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director

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Blockchain data flagged by Coinbase director Conor Grogan indicates that Alameda Research redeemed over $38 billion for Tether (USDT) tokens in 2021 despite not having the equivalent assets under management. Onchain data shows that Alameda was responsible for minting $39.55B of USDT, a number that is 47% of Tether’s circulating supply today A previous report by Protoss estimated the number at around $36.7B; I was able to update these figures with additional wallets I found pic.twitter.com/fYBvGAYlFd — Conor (@jconorgrogan) October 9, 2023 According to Grogan, the total value of USDT…