Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin’s retreat from its all-time high. Spot trading volume on centralized exchanges like Coinbase Global, Binance, and Kraken dropped by 32.6% to $2 trillion last month, as reported by research firm CCData. Additionally, derivatives trading volume saw its first decrease…
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Popular trading platform Robinhood has experienced a substantial increase in crypto trading volumes during the first quarter, with a surge of 224% to reach $36 billion. The growth played a significant role in driving the company’s transaction-based revenue up 59% year-over-year to $329 million, with crypto-related revenue alone witnessing a substantial 232% rise to $126…
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The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known for sharing comprehensive financial information about transactions. Moonpay Users…
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The South Korean won has emerged as the leading fiat currency for cryptocurrency trading, overtaking the US dollar in the first quarter of 2024. According to a recent research report by Kaiko, the South Korean won accounted for more than $456 billion in trading volume on centralized crypto exchanges, surpassing the $455 billion volume in US…
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Western Europe has emerged as a leading region in global crypto adoption, attracting a substantial number of daily traders, ranging from 1.2 million to 1.5 million individuals. According to a new research from Bitget, Germany and France are at the forefront of activity in the region, while Austria has experienced the most significant yearly growth, witnessing…
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Deutsche Börse has unveiled its entry into the regulated digital assets market with the introduction of DBDX, a dedicated platform for institutional cryptocurrency trading. Under the leadership of Carl Koelzer, who oversees FX and digital assets, DBDX aims to deliver a secure and transparent trading platform tailored for Europe’s institutional investors. Deutsche Börse Reveals DBDX…
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Deutsche Börse, one of Europe’s biggest exchange operators, has launched a new regulated spot platform for crypto assets targeting institutional clients. In an announcement on Tuesday, the German stock exchange said the platform dubbed the Deutsche Börse Digital Exchange (DBDX) offers a fully regulated ecosystem for the trading, settlement and custody of crypto assets. “Our…
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The Bitcoin (BTC) spot trading volume on centralized exchanges (CEXes) has reached the highest level of activity since the collapse of FTX. According to data provided by Kaiko, Bitcoin spot trading volume across all major CEXes hit an impressive $34.05 billion on February 28. Leading the charge, Binance accounted for $17.09 billion, solidifying its position as the dominant…
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Bill Ackman talked about his investment philosophy in a recent interview and briefly touched on cryptocurrencies. The billionaire hedge fund manager discussed the difference between speculation and investing, noting that the former involves making guesses about the future without solid knowledge. While he sees short-term crypto trading more as a speculative move, he believes there…
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The foremost crypto exchange in the United States, Coinbase, released its earnings report on February 15th. As expected, there were major takeaways from the financial report, highlighting the crypto company’s performance in the fourth quarter of last year. Coinbase’s Trading Volume Exceeds Expectations Coinbase maximalist Coinbase Duck noted in an X (formerly Twitter) post how…
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