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According to CCData, Binance's cumulative spot and derivatives trading volume has exceeded 100 trillion US dollars, OKX ranks second with 24.9 trillion US dollars, followed by Bybit and Bitget, ranking third and fourth, with 13.2 trillion and 10.9 trillion respectively. HTX ranks fifth with 10.2 trillion.
#CCData #useless #usdoller #OKX. #HTX
#CCData #useless #usdoller #OKX. #HTX
Binance Leads Global Crypto Trading with Over $100 Trillion in Volume 😱
According to the latest data from #CCData on spot and derivatives trading volumes across major exchanges, #Binance has surpassed $100 trillion in cumulative trading volume, ranking first. #OKX follows in second with $24.9 trillion. #Bybit and Bitget take third and fourth places, with $13.2 trillion and $10.9 trillion respectively. HTX ranks fifth with $10.2 trillion in trading volume.
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#crypto2024
According to the latest data from #CCData on spot and derivatives trading volumes across major exchanges, #Binance has surpassed $100 trillion in cumulative trading volume, ranking first. #OKX follows in second with $24.9 trillion. #Bybit and Bitget take third and fourth places, with $13.2 trillion and $10.9 trillion respectively. HTX ranks fifth with $10.2 trillion in trading volume.
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#crypto2024
📊 #CCData report on stablecoins and #CBDC :
▫️ January saw a significant increase in stablecoin trading volume on the CEX, increasing by 4.54% to a record $1.04 trillion, the highest since December 2021. This upward trend is expected to continue (by February 16, the volume was already $757 billion).
▫️ Spot trading volume of $BTC pairs on CEX grew by 23.1% to $510 billion in January after the approval of spot BTC-ETFs in the US;
▫️ #USDT market capitalization reached a new all-time high of $97.3 billion in February, reflecting a growth of 1.23% with a market share of 70.6%.
▫️ January saw a significant increase in stablecoin trading volume on the CEX, increasing by 4.54% to a record $1.04 trillion, the highest since December 2021. This upward trend is expected to continue (by February 16, the volume was already $757 billion).
▫️ Spot trading volume of $BTC pairs on CEX grew by 23.1% to $510 billion in January after the approval of spot BTC-ETFs in the US;
▫️ #USDT market capitalization reached a new all-time high of $97.3 billion in February, reflecting a growth of 1.23% with a market share of 70.6%.
💎Spot Ethereum ETFs approved by SEC after startling U-turn💎
After delays, the US SEC authorized spot ETH ETF applications Thursday.
Ethereum may reach a record high like Bitcoin following ETF certification.
After weeks of quiet, the SEC authorized spot ETH ETF 19b-4s registrations on Thursday.
SEC authorizes spot ETH ETF amendments
After requesting exchanges to alter files on Monday, the SEC authorized spot ETH ETF 19b-4s filings on Thursday. The decision follows weeks of SEC reticence on ETF applications.
Before ETFs debut, the SEC must approve S-1s applications, which may take weeks.
Many anticipated the SEC to allow spot ETH ETFs after it authorized spot Bitcoin ETFs in January. However, the SEC purportedly ignored issuers. Unlike spot Bitcoin ETFs, where the SEC was in frequent touch with issuers, its quiet caused many to fear it wouldn't approve spot ETH ETFs.
Thus, Bloomberg analysts Eric Balchunas and James Seyffart estimated 25% ETF approval probabilities.
The SEC was also contemplating labeling ETH a security after investigating Ethereum-related entities, according to Consensys court documents.
SEC suddenly started contacting issuers on Monday, requesting exchanges to submit revised 19b-4s filings. After Donald Trump's pro-crypto speech, Balchunas and Seyffart upped their approval chances to 75%, calling the move political and probably prompted by US President Joe Biden.
Van Eck Head of Digital Assets Matthew Sigel thinks that return across staking protocols will increase when ETH exits the ecosystem into ETFs. This may potentially affect Ethereum ecosystem security. Some experts expect spot ETH ETF inflows will be minimal compared to Bitcoin since investors won't want to lose out on staking rewards.
#CCData recently examined this view:
"Hypothetically, if you had opened a 1000 ETH position on January 1st, 2023 with an ETF provider, instead of holding native Ether, which accrues staking rewards, you would have missed out on gains of over $200,000."
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After delays, the US SEC authorized spot ETH ETF applications Thursday.
Ethereum may reach a record high like Bitcoin following ETF certification.
After weeks of quiet, the SEC authorized spot ETH ETF 19b-4s registrations on Thursday.
SEC authorizes spot ETH ETF amendments
After requesting exchanges to alter files on Monday, the SEC authorized spot ETH ETF 19b-4s filings on Thursday. The decision follows weeks of SEC reticence on ETF applications.
Before ETFs debut, the SEC must approve S-1s applications, which may take weeks.
Many anticipated the SEC to allow spot ETH ETFs after it authorized spot Bitcoin ETFs in January. However, the SEC purportedly ignored issuers. Unlike spot Bitcoin ETFs, where the SEC was in frequent touch with issuers, its quiet caused many to fear it wouldn't approve spot ETH ETFs.
Thus, Bloomberg analysts Eric Balchunas and James Seyffart estimated 25% ETF approval probabilities.
The SEC was also contemplating labeling ETH a security after investigating Ethereum-related entities, according to Consensys court documents.
SEC suddenly started contacting issuers on Monday, requesting exchanges to submit revised 19b-4s filings. After Donald Trump's pro-crypto speech, Balchunas and Seyffart upped their approval chances to 75%, calling the move political and probably prompted by US President Joe Biden.
Van Eck Head of Digital Assets Matthew Sigel thinks that return across staking protocols will increase when ETH exits the ecosystem into ETFs. This may potentially affect Ethereum ecosystem security. Some experts expect spot ETH ETF inflows will be minimal compared to Bitcoin since investors won't want to lose out on staking rewards.
#CCData recently examined this view:
"Hypothetically, if you had opened a 1000 ETH position on January 1st, 2023 with an ETF provider, instead of holding native Ether, which accrues staking rewards, you would have missed out on gains of over $200,000."
Follow Me More ❤️
#pro_traderofficial99
#ETHETFS #altcoins #BTC☀ $ETH
📊 #CCData report:
- In December, aggregate spot and derivatives trading volume on the #CEX increased for the third consecutive month, rising 28.4% to $4.68 trillion (the highest aggregate monthly trading volume recorded since June 2022);
- Spot trading volumes on Binance grew by 38.3% to $425 billion in December, recording the first increase in market share in ten months;
- Open interest in $BTC futures products traded on the CME continued to rise in December, increasing by 17.5% to $.83 billion;
- #CME derivatives trading volume increased 3.35% to $70.2 billion, the highest volume since November 2021.
- In December, aggregate spot and derivatives trading volume on the #CEX increased for the third consecutive month, rising 28.4% to $4.68 trillion (the highest aggregate monthly trading volume recorded since June 2022);
- Spot trading volumes on Binance grew by 38.3% to $425 billion in December, recording the first increase in market share in ten months;
- Open interest in $BTC futures products traded on the CME continued to rise in December, increasing by 17.5% to $.83 billion;
- #CME derivatives trading volume increased 3.35% to $70.2 billion, the highest volume since November 2021.