Tag: Trading

Trading Hype Versus Price Reality, What Lies Ahead?

XRP, the fifth-largest cryptocurrency in the market, has entered a phase of macro consolidation following a significant decline that began on July 20. This consolidation has maintained the token’s price within a range of $0.4858 and $0.5505, before Ripple Labs’ legal victory against the US Securities and Exchange Commission on July 13.  XRP Consolidation Continues Despite Strong Trading Activity According to insights from crypto market data provider Kaiko, XRP demonstrated extreme trade volume during the summer. XRP’s average trade volume in the previous month reached $462 million, four times higher…

Bybit Launches TradeGPT to Enhance Its Trading Tools

Bybit introduces TradeGPT, an AI tool merging ChatGPT’s language model with real-time data for market insights and user assistance. It is free for all users. Cryptocurrency exchange Bybit has announced the launch of “TradeGPT”, a new AI-powered trading tool. This new assistant combines the power of ChatGPT’s language model with sophisticated real-time data from the Bybit platform. According to Bybit’s statement, TradeGPT will make it easier for users to access updated market analyses and obtain clear answers to their questions in multiple languages. TradeGPT- Bybit’s New AI Tool As reported…

BTC Use as Margin Collateral in Crypto Futures Trading Is Growing

Futures are leveraged products, allowing traders to maximize exposure for a deposit at the exchange, known as margin, which is a small percent of the contract size. The exchange provides the rest of the value of the trade. The renewed interest in BTC-margined contracts means potential for volatility-boosting liquidations cascades, according to research provider Blockware Intelligence. That occurs when multiple liquidations – or forced closure of positions due to margin shortage – happen consecutively, causing a rapid price change. Source

London Stock Exchange to create traditional assets trading platform on blockchain

boss

The London Stock Exchange (LSE) Group is reportedly planning on creating a blockchain-based platform that will be offering traditional financial assets. According to a report by mainstream media outlet Financial Times, the company has been looking into the potential of a blockchain-based trading venue for a year. LSE Group’s head of capital markets Murray Roos said that the company’s efforts in looking into the blockchain had reached a point where they decided to move their plans forward. London Stock Exchange Group looks to build blockchain-powered trading venue: Financial Times#LSE #London…

Top US Crypto Exchange Coinbase Officially Rolls Out Trading Support for New PayPal Stablecoin PYUSD

boss

Coinbase customers can now buy and sell PayPal’s new US dollar-pegged stablecoin on the exchange’s website and mobile apps. The top US crypto exchange officially rolled out trading support on Thursday for PayPal USD (PYUSD), which aims to maintain a 1:1 peg with the US dollar. Coinbase first placed the asset on its listing roadmap last week. PayPal unveiled PYUSD earlier this month and said it is “backed by secure and highly liquid assets.” The payment giant’s customers can buy and sell the stablecoin through the PayPal app and website and…

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

boss

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative contracts allowed them to make bullish bets with leverage, but also enabled them to bet against the price, a practice known as shorting. Historically, the Securities and Exchange Commission (SEC) has rejected Bitcoin exchange-traded fund (ETF) proposals due to concerns about manipulation on…

How AI analysis can change finance and crypto trading

As artificial intelligence (AI) and its various subsets — such as machine learning (ML) — become more complex and developed, their presence within the financial realm has increased drastically.  According to a 2022 report by Nvidia, over 75% of companies operating in the financial sector apply machine or deep learning to optimize their internal operations. Moreover, the study notes that 91% of financial firms are now driving critical business outcomes with investments in AI, with many of the surveyed companies stating that the burgeoning technology has helped them yield more…

Social Media Platform Friend.tech Users Remain Mostly Active Even as Trading Volumes Drop 95%

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Binance To Delist Eight BUSD Trading Pairs Soon, End Full BUSD Support By 2024

boss

The world’s largest exchange, Binance, has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. This follows increased regulatory pressure on the stablecoin in 2023, which has led to a drastic decline in its market share so far.  Binance To Delete Nine Margin Trading Pairs By September 7 In a blog post on Wednesday, Binance laid out intentions to delist eight BUSD cross margin and isolated trading pairs. These include AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, NULS/BUSD,…