Tag: Trading

Bitcoin nears all-time high as daily trading volume rises 70%

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Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month.  After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows.  Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin…

Uniswap Surpasses $2 Trillion in Lifetime Trading Volume, Challenging Leading Centralized Exchanges

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Uniswap, the premier decentralized exchange (DEX), has achieved a remarkable milestone by reaching $2 trillion in total trading volume as of 11:55 a.m. UTC on April 5, according to insights from a Dune Analytics dashboard maintained by Zach Wong, the strategy and operations lead at Uniswap. This significant volume includes transactions conducted on several blockchains that support Uniswap, such as Ethereum, Polygon, Optimism, Arbitrum, Celo, BNB Chain, Base, Blast, and the Avalanche Network. Uniswap’s Rapid Growth: Achieving the Second Trillion in Record Time Since its inception in November 2018, Uniswap…

Beeks Group and STT Collaborate for Exchange Trading and Clearing Services

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Beeks, a cloud computing and connectivity provider for financial markets, has partnered with Securities & Trading Technology (STT) to enhance exchange trading and clearing services in the global financial markets. According to the press release, this collaboration aims to provide a suite of services targeting financial institutions. Beeks and STT aim to offer financial solutions delivered as fully managed services. According to these organizations, this approach alleviates the need for huge investments in infrastructure and operational costs. Zack Hodgson, the Chairman of STT, mentioned: “Joining forces with Beeks represents a…

Crypto Spot Trading Grew Faster Than Derivatives in March as Bitcoin (BTC) Prices Crossed $73K

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Derivatives are often criticized for creating artifical demand and supply via leverage, injecting volatility into the market and are considered a proxy for speculative activity often observed at major market tops. As such, the decline in derivatives’ share of the total market activity might be a good news for crypto bulls anticipating a continued price rally. Original

Bitcoin investors in Asia face volatility over automated ETF trading bots

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Asia-based Bitcoin investors face market volatility as automated trading bots react to data from U.S. Bitcoin ETFs, potentially influencing market swings. In Asia, Bitcoin investors are navigating through turbulent market swings, allegedly influenced by automated trading bots reacting to data coming from spot Bitcoin exchange-traded funds (ETFs), Bloomberg reports, citing crypto executives. Arbelos Markets president Shiliang Tang, acknowledged the significance of automated bots, saying from an algorithmic trading perspective, bots “can basically auto-scrape this data and buy and sell based on this.” “It seems that’s basically what is happening.” Shiliang…

Upbit Crypto Trading Volume Slumps 75% as South Korea Altcoin Frenzy Eases

“Crypto trading volumes started skyrocketing in early March as a wave of altcoin activity hit the market,” Matrixport said in a Telegram broadcast. “The anticipation of the Dencun upgrade with low transaction fees caused this mania, and some political developments brought crypto to the forefront of the political election. However, with volumes declining, the sustainability of the altcoin rally comes into question.” Source