China News Today Official TheBitTimes.com

According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend. The promising numbers are believed to be a product of ETF excitement with news from BlackRock. A $6 billion spike Data shows that from lows of less than $1 billion in February of this year, spot volume , or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now exceeded $6 billion in November, after a volatile few months. #ETH spot volumes surged to their highest level since the FTX collapse boosted by ETF excitement. pic.twitter.com/WrSEiKVP0y — Kaiko (@KaikoData) November 10, 2023 In the same day, Ethereum (ETH), the second-largest digital asset by market capitalization, demonstrated a notable upswing on Nov. 9, hitting its 52-week peak at $2,137. You might also like: Kaiko reports Alameda gap still exists At ...

A small fraction of bitcoin trading volume, just 9.49%, exist on registered US crypto exchanges, leaving tons of transactional revenue off the table for platforms like Coinbase and Kraken.  And a newly released report from CCData suggests that American exchanges have been giving up more and more of their share of bitcoin (BTC) trades since at least January 2023, with March being an uncharacteristically good month.  So where is all this bitcoin volume? The data suggests that bitcoin trading volume, as well as the volume for most other tokens, remains on Binance. In June, users traded $239 billion worth of crypto on Binance’s spot markets, representing a 12.6% jump from May.  Coinbase, which CCData noted represents 61% of bitcoin trading volume among US exchanges, has a much smaller share of the total pie with just $30 billion compared to Binance’s nearly quarter of a trillion. And Kraken’s total spot trading volume was half that of Coinbase at $16.2 billion. CCData researchers...