exchanges

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress.  On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission.  Thompson’s announcement of the bill said “The DCEA builds …

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Bitfinex withdraws from Ontario amid major push against centralized exchanges

Bitfinex withdraws from Ontario amid major push against centralized exchanges

advertisement On January 14, Bitfinex announced that it will close user accounts in Ontario at the beginning of March. In its announcement, the exchange wrote: “Starting on March 1, 2022, Ontario customers will no longer have access to any Services. Any Ontario customers who have open positions in our peer-to-peer financing markets are advised to …

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Crypto exchanges saw over $14 trillion in trading volume this year

Crypto exchanges saw over $14 trillion in trading volume this year

advertisement Centralized crypto exchanges, which hold customers’ private keys unlike decentralized exchanges, reported more than $14 trillion in trading volume in the year 2021, according to The Block Research. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Last year, centralized crypto exchanges facilitated over …

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Decentralized exchanges saw over $1 trillion in trading volume this year

Decentralized exchanges saw over $1 trillion in trading volume this year

advertisement Decentralized exchanges (DEXs) reported more than $1 trillion in trading volumes in the year 2021, according to The Block Research. That figure is a massive 858% increase compared to 2020 DEX trading volumes, based on data as of December 23. Last year, DEXs facilitated over $115 billion in trading volumes. Overall, monthly DEX trading …

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Decentralized exchanges near $100 billion in monthly volume for November

Decentralized exchanges near $100 billion in monthly volume for November

advertisement Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November. According to The Block’s Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion …

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Decentralized exchanges saw $56 billion in monthly volumes for July

Decentralized exchanges saw $56 billion in monthly volumes for July

advertisement Decentralized exchanges saw $56.47 billion in volume during the month of July, representing another monthly decline. According to The Block’s Data Dashboard, 65% of the monthly volume figure was derived from Uniswap v2 and v3 — $10.6 billion and $26.57 billion, respectively. SushiSwap and Curve posted $6.07 billion and $5.13 billion in monthly volumes, …

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How Antonio Juliano plans to make DeFi platform dYdX ‘one of the biggest crypto exchanges, period’

How Antonio Juliano plans to make DeFi platform dYdX ‘one of the biggest crypto exchanges, period’

Quick Take dYdX has just raised $65 million in a round led by Paradigm. The derivatives exchange launched a new Layer 2 solution earlier this year in the hope of making the platform less costly to use. Founder Juliano now wants to take on the likes of Binance, Huobi and FTX. This feature story is …

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Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1

Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1

While the Securities and Exchange Commission (SEC) deliberates the potential approval of VanEck’s bitcoin and ether exchange-traded funds (ETFs), the company is moving forward with two exchange-traded products (ETPs) abroad.  On June 1, VanEck will list its Vectors Bitcoin exchange-traded note (ETN) and Vectors Ethereum ETN on the Dutch and French portions of Euronext, the company …

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Legitimate volume on spot crypto exchanges fell to $125.8 billion in October

Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April

Data collected by The Block Research shows that spot trading volumes on legitimate exchanges hit a new all-time high for April. As noted by The Block’s Lars Hoffmann, the exchanges listed below saw a collective $1.58 trillion in spot trade volume last month. The $1.58 trillion figure represents a 49% increase compared to March’s $1.06 …

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