Trading Volume on Centralized Exchanges Drops 20%: Report
In the third quarter of 2023, trader activity remained subdued. It wasn’t until early October that the first indicators of potential turbulence started to emerge.
Backpack Rolls Out Cryptocurrency Exchange in Dubai
Backpack, a digital wallet company specializing in Web3, has recently announced the launch of its own cryptocurrency exchange.
Binance’s Market Share Keeps Falling
In addition, Binance is also facing charges from both the Commodities Futures Trading Commission and the US Securities and Exchange Commission, causing some trading firms to scale back their activity on the exchange.
Crypto Exchanges’ Spot Trading Volume Rises 187%
The recent surge in the price of Bitcoin to its highest level since the spring of 2022 has sparked a significant increase in user activity on spot exchanges.
NFT Trading Volume Falls to Lowest Level Since 2021
The NFT market experienced last month its lowest trading volume since January 2021, according to a report from Binance Research.
FTX Will Study 3 Options to Relaunch the Exchange
FTX is currently considering three options for reorganizing its crypto exchange: partnering with another company, remaining independent, or finding a buyer.
Binance Sets Up Crypto Exchange in Hong Kong for Local Registration
According to sources familiar with the matter, Binance has reportedly established a crypto exchange in Hong Kong and is interested in obtaining a local crypto license.
