Centralized Exchanges

Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD

October 8, 2024

Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape. Stablecoin Boom Fuels Crypto Liquidity, Ripple’s RLUSD Market Cap Rises According to a recent report from Cryptoquant, stablecoin liquidity soared…
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Saudi Arabia Leads MENA in Crypto Growth for Second Year Running

September 25, 2024

Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth…
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Top 10 Bitcoin Holders: Exchanges, Corporations, and Governments Dominate the Charts

September 23, 2024

Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities…
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Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days

August 12, 2024

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024,…
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Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

July 18, 2024

The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF…
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$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period

June 1, 2024

In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and…
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‘Trust in Authority’ Sustains Popularity of Centralized Exchanges in Latin America, Says Ricardo Da Ros

March 29, 2024

According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.” Da Ros suggests that this culture, combined with the…
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Bitcoin Spot Trading Volume on CEXes Reaches $34 Billion, Highest Level Since FTX Collapse

February 29, 2024

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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Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData

January 11, 2024

Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData shows the performance of centralized digital asset exchanges in December, the…
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XRP Whale Makes Massive Transfer Amidst Price Volatility

January 5, 2024

In light of recent developments in the crypto market, XRP has once again garnered the attention of investors and the community as the crypto asset has witnessed yet another massive whale activity. XRP Whales Moves Over 50 Million Token To CEXs A recent report revealed that an XRP whale recently moved over 50 million tokens…
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Tag: Centralized Exchanges