South Korean cryptocurrency exchange Upbit overtook both Coinbase and OKX in terms of spot trading volume in July for the first time, according to data published on Aug. 3 from CCData.
One force working in Armstrong’s favor as he eyes overseas markets is the regulatory crackdown on Binance in markets from Belgium to Australia. Binance, Coinbase’s biggest competitor, has ceded market share in past months as it came under increased scrutiny.
In Europe, the biggest winner from Binance’s woes has been Kraken, which boosted its share of trading in euro-denominated crypto pairs to 43% in July from 36% in January, according to CCData. Coinbase increased its share slightly.
Tether’s market share and profit have climbed even as the overall use of stablecoins have decreased this year. Data earlier this month from researcher CCData showed that the total value of the crypto market has jumped around 50% to about $1.2 trillion, while the stablecoin sector has shrunk almost 8% to around a two-year low of $127 billion.
Assets under management (AUM) for investment funds linked to Stellar’s XLM, Ripple’s XRP and Solana’s SOL surged higher in July, according to a report from CCData.
Most of the AUM boost came on July 14, one day after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts.
The market capitalization of stablecoins has hit the lowest level since August 2021 following 16 consecutive months of decline, a new report says.
Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of the month until July 17, taking the sector’s market cap to $127 billion.
Fresh numbers from CCData show the market capitalisation of stablecoins fell for the 16th consecutive month in July, dropping 0.8 per cent to $127bn, the lowest market cap since August 2021.
Industry number cruncher CCData this week created a new benchmark for assessing ESG risks and opportunities associated with digital assets, revealing ethereum as the only token to achieve an "AA" grade. Bitcoin — the world's largest cryptocurrency — placed 20th overall on account of its "large electrical consumption"
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Trading volume on cryptocurrency exchanges in the three months ended in June was the lowest since the final quarter of 2019 despite a jump in activity during the final weeks of last month.
Volume on so-called centralized exchanges rose 16.4% to $575 billion in June, the first increase in three months, according to a report from researcher CCData.
The exchange’s share of non-derivatives trading volume fell for a fourth month, dropping 1.4% to 42% in June — the lowest since August 2022, according to a report from researcher CCData. Binance stopped offering some popular trading pairs, contributing to the decline.
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