Report – Page 2 – Ƀitsell X

2023 Centralized Crypto Exchange Study Highlights Winds of Change Among Top 10 Platforms

August 16, 2023

In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says Coingecko’s Mid-Year Crypto Study According to the Coingecko research report, Binance continues to dominate the centralized cryptocurrency exchange market…
Read more

Bitcoin ETF momentum runs out as crypto market enters summer slump: Report

August 11, 2023

DeFi and NFTs remain deep in the bear market while crypto stocks see an upside. After June gave Bitcoin (BTC) a boost with BlackRock’s application for spot Bitcoin exchange-traded fund (ETF), July sent its price into a summer slump. Only some altcoins managed to perform well in response to Ripple Labs’ partial victory against the…
Read more

Genesis Report: Crypto Derivatives Emerge as the Next Key Growth Driver in 2023

August 11, 2023

According to the Q2 2023 report from Genesis Trading, crypto derivatives is set to experience substantial expansion, fueled by a massive decrease in spot market liquidity and a notable trend towards utilizing derivative instruments. “With spot market liquidity suffering and spot order book depth chronically flagging, it has become increasingly apparent that a significant portion…
Read more

Investors Have Stopped Shorting Bitcoin for First Time in 3 Months: CoinShares Report

August 8, 2023

According to the latest Coinshares Fund Report, outflows into short Bitcoin (BTC) products have ceased for the first time in fourteen weeks. This notable shift in the market suggests that significant digital asset funds are now adopting a different strategy towards the leading cryptocurrency, seeking alternative opportunities for returns…. Read More: Investors Have Stopped Shorting…
Read more

Robinhood’s Q2 Earnings Show 18% Decline in Crypto Trading Revenue

August 4, 2023

In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter’s $38 million. Despite this decline, Robinhood achieved profitability for the first time since going public…. Read More: Robinhood’s Q2 Earnings Show 18% Decline…
Read more

Coinbase Q2 beats estimates amid Blackrock custody deal, institutional focus

August 4, 2023

The crypto exchange’s second quarter revenue beat estimates while non-trading revenue surpassed trading revenue. Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators. Net revenue was down 10% compared to Q2…
Read more

Crypto VC funding tumbles as economic uncertainty scares off investors

July 22, 2023

June rejected the three-month trend of rising venture capital investment into crypto, though that’s not necessarily a bearish signal. The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research Venture Capital Database. While the United…
Read more

Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report

July 14, 2023

Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot Volume on Leading Exchanges Jumped by Over 10% in a…
Read more

Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion

July 9, 2023

A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that these 10,000 firms possess a collective valuation of $180 billion. K33 Research Unveils Crypto…
Read more

JPMorgan Analysts Say Spot Bitcoin ETF Approval Is ‘Unlikely to Be a Game Changer for Crypto Markets’

July 8, 2023

In a report published on Thursday, JPMorgan analysts suggest that the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) is “unlikely to be a game changer for crypto markets.” The market strategists at the American banking giant emphasize that similar spot bitcoin ETFs already exist internationally, but…
Read more

Tag: Report