The Block, crypto research and news outlet, released statistics of Poloniex’s market share and it has begun to trend downwards since mid-November. On November 13th, Justin Sun, founder of TRON and CEO of BitTorrent admitted to being part of the investment group that acquired Poloniex from Circle. This is almost exactly when their market share
One of the biggest drawbacks to crypto derivative exchanges is that it has been very difficult to trade at a high frequency. Phemex, created by ex-Morgan Stanley executives, aims to fix that problem while offering many standard features available on platforms like BitMEX, Binance and Deribit. How much faster is Phemex than BitMEX? BitMEX, the
This morning, IDAX exchange froze withdrawals and deposits after reporting that the Global CEO has been missing for days. IDAX didn’t go into any further explanation about why funds were frozen, but it is implied that the Global CEO would be able to withdrawal users money at will. The situation could also be related to
Today, Binance announced that they would be increasing leverage available on their futures exchange from 100% to 125%. This beats out FTX, whose leverage was sitting at 101%, mostly so they could say they offered more leverage than BitMex. Still, Binance has not included cross leverage on their platform which pulls from your wallet instead
Within the past year, around $70 million has been locked in the Synthetix DEX (Decentralized Exchange). Today, the exchange announced that their mobile app was discontinued so that the team could focus on other things. Synthetix has sat atop the DeFi Pulse “value locked” list for quite some time, trailing closely behind Compound and Maker.
Binance was once a place where Americans could easily access a huge pool of altcoins with decent exchange features. It allowed people to search for the diamond in the rough altcoins that might a huge upside. By the same token, those pipe dreams of mooning altcoins took large amounts of money out of the American
Coinbase is one of the most popular exchanges in the crypto space with over 30 million customers served. The website is a great place for new investors to start because of how well it follows U.S. regulations. This guide will get you ready to purchase Bitcoin on Coinbase in a matter of minutes.