A New Business Model Is Shaking Up the Crypto Exchange Rankings
The recently introduced, and controversial, "trans-fee mining" revenue model is starting to change the cryptocurrency exchange landscape.
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter.
June trading volume on decentralized exchanges set a record high of $1.52 billion, up 70% from May.
The Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest.
A clear divergence between prices and trading volumes on the charts suggests bitcoin’s recent $800 rally could be short-lived.
The bitcoin spot market is “significantly" smaller and more efficient than is generally perceived, says a Bitwise paper sent as comment to the SEC.