Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swa...
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been high, as reported volume from crypto market aggregators shows over $300 billion in 24-hour volume. Meanwhile, stablecoins capture 50% of Monday’s global trade volume with tokens like tether, binance usd, and usd coin leading the pack. Reported Crypto Exchange Volumes Worldwide Capture Lifetime Highs Out of all the volume reported across the crypto economy’s lifetime, May 2021....
Related News
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling to maintain parity with the U.S. dollar as HUSD has slipped from the $1 peg to $0.746 per unit on Oct. 30, 2022. At the time of writing, the stablecoin token is exchanging hands for $0.765 per unit and there’s only $59,790 in global trade volume during the past 24 hours. Two days ago, Bitcoin.com News....
Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. Changpeng Zhao, the chief executive of Binance, the world’s largest crypto exchange by trade volume, reported a record of $80 billion in 24-hour trade activity on Jan. 4.On Twitter, CZ compared the recent activity to the volume posted during the last record-breaking bull cycle, noting that the past day of trade equates to four-time the volume processed on the exchange from Nov. 15, 2017 to Dec. 15, 2017.To put this in perspective, from Nov 15, 2017 to Dec 15, 2017, the....
Uniswap could be averaging $1 billion in daily trade volume soon with the majority of trades occurring between Ethereum and stablecoins. Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January.Only two-thirds of the way into the month and the platform has already surpassed the previous monthly trade volume record of $15.3 billion set in September during the DeFi boom. The DEX passed $17 billion as of this morning and is on track to surpass $25 billion by the end of January with....
San Francisco-based Bitcoin exchange Coinbase has announced a volume-based rebate system for trades put on their platform. The offering, which will come into effect from next week, was announced today via an official blog-post. The company will continue to implement the maker-taker fee structure on the trades, but the traders will receive daily rebate benefits from trading more bitcoins on the Bitcoin exchange. A trader's 30-day Bitcoin exchange volume relative to the total exchange volume will determine the amount of the daily rebate. For example, suppose that 100 BTC were traded on the....
Institutional investors have rallied around crypto this past month, with the AUM of crypto ETPs surging more than 90% as volumes tripled. Capital has flooded into crypto investment products in recent weeks, with the value of assets invested into crypto exchange-traded products, or ETPs, increasing by more than 90% in the last 30 days.The spike in the assets under management, or AUM, locked in crypto ETPs was noted in the latest report by Crypto Compare, which estimates that almost $36 billion is now invested in crypto ETPs — a 93.7% increase in one month.Grayscale’s various trusts....