Markets

PayPal Sees Crypto Trading Volume Surge as Bitcoin Price Recovers

Payments firm PayPal has hit a new record in cryptocurrency transaction trading volumes as the price of bitcoin bounces back from a plunge that saw it drop from a near $42,000 all-time high to $30,500. On social media, Alex Saunders pointed out that PayPal doubled its previous crypto trading volume record yesterday, as first spotted […]

Bitcoin Whale Moves $500 Million Following BTC Price Surge to $40,000

A bitcoin whale transferred 12,598 BTC, worth roughly $500 million, in three anonymous transactions as the coin’s price surged above $40k.

A Beginners Guide to Cryptocurrency Triangular Arbitrage

Written by Evan Francis, CEO & co-founder of Coygo Inc. which provides tooling for professional cryptocurrency trading and insights. A cryptocurrency advocate since 2010, Evan has years of experience working as a software engineer in fintech before leaving his corporate job to pursue a full-time venture in the cryptocurrency and digital asset space. Most traders have heard […]

Crypto Derivatives Volumes Hit New $1.43 Trillion All-Time High in December: Report

Derivatives trading volumes in the cryptocurrency space hit a new all-time high of $1.43 trillion in December, after rising 8.6% when compared to the previous month. In December, it’s worth noting, the price of BTC surged to $29,000. According to CryptoCompare’s December 2020 Exchange Review, while derivatives trading volumes surge to a new all-time high […]

Crypto Exchange Uphold to Keep XRP Listed Until SEC’s Lawsuit Against Ripple Is Resolved

Cryptocurrency exchange Uphold has revealed it will maintain the XRP token listed on its platform until the U.S. Securities and Exchange commission’s (SEC) lawsuit against Ripple Labs is resolved. The lawsuit was filed on December 22,  one day before former SEC Chairman Jay Clayton resigned, and names Ripple’s two of its executives, who are also significant […]

XRP Up 5% Despite Binance US and Genesis Trading Planning to Suspend XRP Trading

Despite two more firms announcing that they are going to halt XRP trading in the near future, the XRP price has surged over 5% in the past 24-hour period. On December 22, the U.S. Securities and Exchange Commission (SEC) announced that it had “filed an action against Ripple Labs Inc. and two of its executives, who are also […]

OKEx Announces Mainnet Launch of ‘High-Performance Trading Chain’ OKExChain

Popular bitcoin exchange OKEx has announced the mainnet launch of its “high-performance trading chain” OKExChain for January of next year, across four main stages that will ensure the network’s security and reliability. According to OKEx, OKExChain has been in development for “just under three years,” and went through three major phases on its journey to […]

OKCoin Becomes Latest Crypto Exchange to Suspend XRP Trading

On Monday (December 28), crypto exchange OKCoin announced that it would soon be suspending trading and deposits of XRP. OKCoin’s blog post said: “We have been closely monitoring the news surrounding the December 22nd SEC lawsuit against Ripple, the company behind XRP, and two of its key executives. As the lawsuit proceedings take place, we […]

American Express Invests in Institutional Crypto Trading Platform FalconX

FinTech startup FalconX, which offers a trading platform, as well as prime brokerage services, to institutions interested in trading cryptoassets has announced an investment from American Express Ventures. FalconX was founded in 2018 by serial entrepreneurs Raghu Yarlagadda (CEO) and Prabhakar Reddy (COO). It has offices in San Francisco, Chicago, Bangalore, and Valetta. According to […]

A Closer Look at the Upcoming Coinbase IPO

On Thursday (December 17), Coinbase Global, Inc. signalled its intention to conduct a registered public offering by announcing that it had filed a registration statement with the U.S. Securities and Exchange Commission. Here is what Coinbase said in its brief blog post: “Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on […]

‘Investing in Crypto Is Not Without Risk’: Coinbase CEO Advises Newcomers to the Space

Coinbase CEO Brian Armstrong has advised those new to the cryptocurrency space that “crypt is not without risk,” in a post published shortly after the price of bitcoin hit a new all-time high above $23,000. In the post, published on Coinbase’s official blog, Armstrong wrote that he and the cryptocurrency exchange take a “long-term view […]

CME Group Announces the Launch of Ether (ETH) Futures Contracts

The Chicago Mercantile Exchange (CME) has announced the launch of an ether futures contract on February 8, 2021. Each ether futures contract is set to have 50 units of ETH and the derivative will trade between 5:00 p.m. and 4:00 p.m. CT from Sunday to Friday. The contracts are eligible to be exchanged for physical […]

Buying Bitcoin in Canada

Cryptocurrencies have taken the world by storm and Canada wasn’t left out. Data shows the cryptocurrency ecosystem in the country has been steadily growing over the last few years, although retail interest has remained relatively low throughout the recent bull run. A study from the Bank of Canada in 2018, referring to data from 2017, […]

$1.32 Trillion: Crypto Derivatives Volumes Hit New All-Time High Last Month

Derivatives trading volumes on cryptocurrency exchanges have surged 108% to a new monthly all-time high of $1.32 trillion, while spot trading volumes increased 59% to $906 billion, according to CryptoCompare’s November 2020 Exchange Review. The report points out that the derivatives market now represents almost 60% of the total crypto market, compared to 53% in […]

CryptoCompare Research: Spot Trading on Top Tier Crypto Exchanges Up 114% in Nov 2020

According to the November 2020 issue of CryptoCompare Research’s “Exchange Review” report, last month, Binance was the #1 “Top Tier” crypto exchange by monthly spot trading volume. On Tuesday (December 8), the research arm of CryptoCompare, which is one of the leading cryptoasset market data providers, released the latest issue of its monthly “Exchange Review” […]