December of 2020 beat out the previous month’s all-time high for Ethereum options trading volume, according to data compiled by The Block. November generated $1.83 billion worth of options while December had $2.24 billion — a 22.4% increase. Deribit had 83.4% of the Ethereum options trading volume. Next was OKEx with 13.9% of the volume, …
December was a record volume month for Ethereum options Read More »
The average daily trading volume of Grayscale’s Ethereum Investment Trust (ETHE) product grew 220% in November compared to the previous month, according to data compiled by The Block. The ETHE average daily volume came in at $24.63 million — the highest month on record. November saw $9.43 million more daily volume than the last peak, …
Grayscale’s ETHE hit an all-time high average daily volume in November Read More »
Cryptocurrency trading volumes decreased by 25.8% in October, according to The Block’s volume index for spot exchanges. October’s legitimate volume figure came in at $125.8 billion compared to $169.5 billion for the month of September. As previously reported, volume on decentralized exchanges fell during October as well. Those volumes declined to $18.46 billion from September’s $24 …
Legitimate volume on spot crypto exchanges fell to $125.8 billion in October Read More »
Crypto-friendly bank Silvergate said it was particularly “bullish” on its payments platform during its Q2 earnings call. Now it’s announced the Silvergate Exchange Network (SEN) has exceeded $100 billion in transfer volumes. The bank announced the milestone in a release today, addressing the rapid growth of the platform. The bank developed it in 2017 as …
Silvergate’s payments platform crosses $100B in transfer volume Read More »
Market data collected by The Block Research shows that, for the first time, Uniswap’s monthly trade volume exceeded that of crypto exchange Coinbase. During September, Uniswap saw approximately $15.4 billion in volume — making up 65% of the total reported by DEXs for that month, which was $23.5 billion. By comparison, Coinbase reported $13.6 billion …
Uniswap’s monthly trade volume exceeded Coinbase’s in September Read More »
As the largest cryptocurrency in the market, Bitcoin has been an important asset for traders. As soon as the coin broke out of its dormant stage, the BTC market saw interest flooding into the market. However, Bitcoin’s spot market has been losing a lot of volume over the past week, largely owing to the fact …
Bitcoin P2P gains steam in frontier markets as spot volume dips Read More »
Chainlink’s link token, driven by the increased popularity of decentralized finance (DeFi), has surged past bitcoin, becoming the most traded cryptocurrency of the past 24 hours on Coinbase Pro, the biggest crypto exchange in the U.S. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and …
Link’s Trading Volume on Coinbase Surpasses That of Bitcoin Read More »
The adjusted transaction volume for stablecoins hit a new all-time high in June, according to data collected by The Block. The development represents the third month in a row that the figure was above $40 billion, beating the previous high seen in April. Once again, that adjusted transaction volume was dominated by Tether. The data …
Adjusted transaction volume for stablecoins hit new all-time high in June: data Read More »
Vice’s Motherboard published an article Friday that outlined how Canadian cryptocurrency exchange Coinsquare has allegedly used automated trading software to inflate its trading volumes. According to the report, Motherboard obtained leaked emails, Slack messages and other files. Based on the materials gathered, Coinsquare appeared buying and selling cryptocurrencies between accounts it controlled, an activity known …
Bitcoin’s trading volume has been an immensely important metric for the world’s largest digital asset in 2020. A metric that is highly accurate in detecting a price bottom, the importance of the same was highlighted by TokenInsight’s Q1 2020 report, according to which, BTC’s trading volume rose by 80 percent since 2019’s last quarter. Source: …
Bitcoin’s 7-day average volume spikes after previous subdued levels Read More »