Bitcoin’s price has been a topic of intense discussion among enthusiasts, with all eyes fixed on the $52,000 mark. However, beyond surface-level price movements, there lies a deeper and more intricate web of liquidity dynamics that shape the cryptocurrency market. Leveraging data from Kaiko, CryptoSlate dives into the subtle interplay between buy and sell orders
Exchanges
Ping Exchange is changing the game in digital assets trading with its innovative approach to security. Unlike other platforms that rely on traditional username and password authentication, Ping leverages CorePass ID for decentralized login and withdrawals. This unique model ensures that users have complete control over their assets, merging the benefits of DeFi and CeFi
Recently, a special adviser to Nigerian President Bola Tinubu, Bayo Onanuga, publicly accused Binance of manipulating exchange rates in Nigeria and taking over the role of the Central Bank of Nigeria (CBN). Onanuga’s statement on social media caused a stir in the Nigerian cryptocurrency community, with calls for regulatory action against platforms like Binance. The
There has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets since mid-March 2020, indicating a shift in investor behavior. Initially, over 17% of Bitcoin’s total supply was held on exchanges, reaching a record high at that time. However, this trend of declining exchange balances has persisted, even during Bitcoin’s 2021
Coinbase’s non-US exchange recently achieved a significant milestone by surpassing $1 billion in daily trading volume on February 20th. This achievement was highlighted by Coinbase International Exchange, which reported that its perpetual futures exceeded the $1 billion mark in notional contract volume traded. This success was acknowledged by Coinbase CEO Brian Armstrong, who emphasized that
Recently, Binance made the decision to discontinue its trading and subscription services for leveraged token offerings, which include Bitcoin, Ethereum, and its BNB Coin. Effective Feb. 28, users will no longer be able to trade these leveraged tokens and subscription services will be halted. The affected tokens include BTCUP and BTCDOWN, ETHUP and ETHDOWN, and
The US prosecutors filed a sentencing memo on February 16 urging a federal judge to approve the plea deal made by Binance and its former CEO Changpeng Zhao in November 2023. The charges included money laundering and sanctions violations, resulting in a record-breaking criminal penalty of $4.3 billion for Binance. Additionally, the plea deal mandates
The latest financial report from cryptocurrency exchange giant Coinbase has revealed both positive and negative highlights for the company. With a net income of $95 million and adjusted EBITDA of $964 million for the full year of 2023, Coinbase experienced significant growth. However, there were certain areas that showed a decline in revenue, raising concerns
In a significant move to enhance accessibility for self-custody users seeking to purchase cryptocurrencies, leading self-custody wallet Ledger has teamed up with Coinbase. The collaboration aims to simplify the crypto purchasing process and broaden access for new users. The integration of Coinbase Pay into Ledger Live brings a seamless pathway for Ledger users to purchase
Coinbase, the popular cryptocurrency exchange, has recently lifted the freeze on Debt Box’s assets. This decision comes after Coinbase discovered discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. In a social media post, Paul Grewal, Coinbase’s chief legal officer, criticized the SEC’s flawed actions and lack of immediate
