Cryptocurrency Analysis and News Portal
October marks a significant uptick in cryptocurrency trading, with volumes hitting a seven-month peak driven by major digital asset rallies and ETF speculation. In a recent update from the cryptocurrency market analytics firm CCData, a notable surge in trading volumes on centralized digital asset platforms was observed for October. This marks
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Robinhood, the fintech firm known for its trading app, has announced plans to launch its cryptocurrency trading services in the European Union and initiate brokerage operations in the UK following a mixed third-quarter financial performance. Robinhood has announced plans to broaden its horizons. The trading platform, primarily recognized for its role
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Crypto exchange OPNX has obtained a virtual asset service provider license (VASP) in Lithuania, allowing it to provide spot crypto exchange services throughout the European Union, according to a Nov. 8 announcement seen by Cointelegraph.OPNX trading interface. Source: OPNXThe announcement stated that this license would require the exchange to “adhere
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Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted
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In the wake of FTX, regulatory concerns have intensified, spotlighting the need for stricter oversight of exchanges, enhanced consumer protection and a global standard to curb regulatory arbitrage. The collapse has sparked industry debates on the risks of centralized platforms, emphasizing the need for better risk management and a potential
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Solana (SOL) becomes the most traded altcoin in US exchanges this year. Solana (SOL) is witnessing a dramatic climb in trading volume, outshining other altcoins on exchanges accessible in the United States over the current year. Leading exchange, Coinbase strategically increased its holdings by acquiring 2.2 million SOL tokens on Oct. 18.
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OKX announces the delisting of several trading pairs, including BTM, which saw a 32% drop today. Major crypto exchange OKX announced the delisting of more than 20 trading pairs today, citing regular performance monitoring and adherence to strict listing criteria. This action includes suspending deposits and withdrawals for specific tokens and
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Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has
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Coinbase, a cryptocurrency exchange, reported a net loss of $2 million in Q3 2023 despite rising revenue and a drop in trading volume, according to details of the recent shareholders letter circulated on Nov. 2. However, the exchange reduced its net loss compared to the same period last year, which was $545 million. The
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