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CryptoCompare Exchange Review Spells Great News For The Bitcoin Industry

CryptoCompare Exchange Review Spells Great News For The Crypto Industry CryptoCompare's monthly Exchange Reviews are a useful asset in every crypto investor's arsenal, as they often show the real situation in the industry. They take note of the biggest changes in the space and allow investors to prepare for what is to come. Some even […]
Bitcoin Exchange Guide

43% Rise in Bitcoin to USDT Volumes Signal That Investors Are Coming Back: CryptoCompare report

Like every month, CryptoCompare released its Exchange Review report which aims to capture the key developments within the cryptocurrency exchange market. But this time the report was much awaited as the report captured the month of March 2019 which was a stepping month. And like always the report handsome startling revelations. Total Spot Volumes increased by 47.5% as the majority of the volumes came from Malta Exchanges are a critical part of the crypto ecosystem as they drive the trades and determine the prices of any coin. Hence any analysis around them gives out a somewhat accurate picture as to how the crypto industry is shaping up. This is where the CryptoCompare report on exchanges becomes really important as it provides a perspective into various aspects of trading and investing. The recent report, that covered the month of March 2019, gives a great insight into the built up that led to the rise of crypto markets in the first week of April 2019. One standout point was that “BTC trading into USDT totaled 8.9 million BTC in March, an increase of 43% since the previous month. In March, it represented 81.7% of total BTC volume (traded into fiat or stablecoin), while last month the pair represented 70%. “ which signified that USDT still dominated the most popular stablecoin and a lot of investors managed volatility using USDT. This rise here also meant that a lot of investors were switching their holdings between stablecoin and BTC and would inch towards Bitcoin as they found opportunities. The report also covered some other points which gave a glimpse of how things were shaping up. These included Malta-registered exchanges represented the majority (56%) of trading volume, followed by those legally registered in Hong Kong and South Korea which were at 54% and 21 % Exchanges that charge taker fees represented 84% of total exchange volume in March, while those that implement trans-fee mining (TFM) represented 14%. OKEx traded the highest average daily derivatives volume in March at a figure of USD 1.5 billion which included both futures and swaps. This was followed by Bitflyer Lighting at 1.14 billion USD and BitMEX at 645 million Regulated bitcoin derivatives product volumes are still dominated by CME. This was followed by Grayscale’s GBTC product traded on the OTC (over the counter) markets, and CBOE’s bitcoin futures. March also saw a sharp increase in volume from crypto to crypto exchanges. Crypto to crypto exchanges saw a rise 70% in trading volumes while those offered fiat pairs decreased 8% One other point that clearly showed investors were returning to cryptos was that s, total exchange web traffic increased 32% in March, in conjunction with a total spot volume increase of 47.5%. These figures give a fair bit of indication that why the prices of cryptocurrencies shot up in early April. If these trends continue on can expect the prices of most coin go further up. Will we see a further rise in crypto prices based on the exchange activity that was put forward by crypto compare? Do let us know your views on the same. The post 43% Rise in Bitcoin to USDT Volumes Signal That Investors Are Coming Back: CryptoCompare report appeared first on Coingape.

CryptoCompare Informs Over 76 Million Trades Happened on Crypto Exchanges on April 2, 2019

The cryptocurrency market seems to be recovering from the bear trend that started in January 2018. During the last few days, virtual currencies started growing in price. Most of them were able to register double-digit numbers in 24 hours’ periods. Volatility has also increased. Number of Trades Spikes The number of trades on April 2 […]
Bitcoin Exchange Guide

New CryptoCompare Review of Crypto Exchange Performances for February 2019

The bitcoin sector always has a million and one transactions taking place every single day. A lot of these transactions are facilitated by cryptocurrency exchanges that support these cryptos and allow their customers, to buy, sell, send, receive, store and exchange many different cryptocurrencies. The following is a concise review of the market and how […]
Bitcoin Exchange Guide
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CryptoCompare news by Finrazor


According to a new report called 'Detailed Report Into The Cryptocurrency Exchange Industry' released by CryptoCompare, the US dollar represents half of the BTC-Fiat trading on average throughout the last 30 days. The other two leading currencies are the Japanese Yen (JPY) and the Korean Won (KRW)


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Twitter Spoof: BitConnect 2.0 to Return in July; BCC Token to Rise from the Crypto Graveyard?

Bitcoinnect is known for its high yield investment platform The company had a cryptocurrency Bitconnect Coin (BCC) which investors bought with Bitcoin to gain a 0,25% daily interest. The company also has a lending platform and exchange which closed due to warnings from Texas and North Carolina authorities. Some unknown person is however working […]
Bitcoin Exchange Guide

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-baseddecentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to […] Cet article MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2% est apparu en premier sur Bitcoin Central.
Bitcoin Central

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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