Tag: Trading

Bitget surpasses 20M users as wallet integration spurs trading volumes

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Seychelles-based cryptocurrency derivatives exchange Bitget has seen prolific growth in key metrics through the first half of 2023, driven by the integration of a recently acquired self-custodial wallet service. Bitget is currently undergoing a rebranding initiative following its acquisition of BitKeep, with the latter being renamed Bitget Wallet. The platform has produced some impressive market performance metrics in 2023, ranking as the fourth-largest cryptocurrency exchange by trading volume. According to TokenInsight’s second-quarter report, the top four exchanges account for 85% of the total market trading volume. Binance alone accounted for 52%,…

Zeebu (ZBU) Token Goes Live for Trading on LBank Exchange

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July 23, 2023 – Dubai, United Arab Emirates The world’s first loyalty token tailored for telecom carrier businesses – Zeebu (ZBU) – has been successfully listed on global cryptocurrency exchange LBank. From today, users of the LBank Exchange can officially trade the ZBU/USDT trading pair. The milestone marks a significant step in the journey of Zeebu, whose goal is to empower telecom carriers with loyalty rewards and streamline invoice settlements within its ecosystem. Listing details Trading pair – ZBU/USDT Start deposit – 07:00 UTC on July 21, 2023 Start trading –…

OpenSea introduces Deals, monthly trading volumes slump 96% from January 2022

Reports on July 21 reveal that OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH).  Powered by Seaport, an NFT protocol, OpenSea said Deals offer users a more flexible and secure way to trade NFTs directly on the platform. The introduction of Deals comes as NFT trading volumes have seen a significant decline in recent months. Factors such as the overall bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces have…

ATPBot launches automated crypto trading bot for investors

ATPBot has released an auto-trading bot with simplified features for both novice and experienced traders. ATPBot focuses on quantitative trading strategy development and services. ATPBot utilizes artificial intelligence (AI) to develop and execute quantitative trading strategies for cryptocurrency investors. It offers preset parameters and extensive historical back-testing, providing users with proven strategy options without manual configuration. Source: ATPBot, 40-month backtest profit 879%, max drawdown 33% Using ATPBot requires three steps. After connecting to a crypto exchange API, the user selects a strategy that matches their requirements and enters the investment amount.…

XRP tops BTC in trading volume as it continues to savor partial victory in SEC suit

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The July 13 ruling on the suit filed by the United States Securities and Exchange Commission (SEC) has led to unprecedented interest in the XRP token. In the few days since the court decision, a jump in XRP (XRP) trading has seen it surpass all other cryptos in monthly volume, according to Kaiko. In a research report released on July 17, the blockchain information service noted a 61% increase in XRP trading since the court’s decision. On Monday morning, XRP accounted for 21% of global trade volume, ahead of Bitcoin (BTC), with…

1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance

This creates a fragile market dynamic as market depth, a metric used to assess liquidity over a 2% spread, remains relatively low compared to trading volume. Buy-side market depth of 1inch on Binance is currently $226,272, according to CoinMarketCap. Spot sellers can capitalize on the leveraged trading activity to prompt a cascade of long position liquidations. Source

AI signals vs. human intuition: Decision-making in crypto trading

Traditionally, traders have relied on human-based pattern recognition and technical analysis, looking at the company’s financial health, competitors and other methods for determining what trades to make on an asset. However, with the growth of artificial intelligence (AI), there are additional ways that traders can analyze the markets, using the data gathered via machine learning. Both methods have their place in the industry, but it is best to understand how they both work and their benefits and drawbacks. AI plays a crucial role in cryptocurrency trading by providing insights and…

XRP trading volume skyrockets amid favorable court decision

News of a favorable XRP ruling in its legal battle against the US SEC has sent the token’s trading volumes jumping by more than 1,300%.  The ruling sparked a surge in XRP’s price, with the digital asset reaching a high of $0.93, the highest value seen since May 2021. Data compiled by CCData, a prominent crypto research company, revealed a significant influx of trading activity following Judge Analisa Torres’ ruling. XRP trading activity | Source: CCData CCData’s research showed XRP trading pairs on centralized exchanges experienced a total volume of…