Leading centralized exchanges extend market share in 2022
The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022. The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies.So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11.The firm analyzed over 150 active centralized exchanges, ranking them....
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With the decline in the price of bitcoin, there has been a lot of selling from investors. This sell-off trend has contributed to the further decline of the digital asset’s prices in recent times. However, as the bear run continues, there has been a marked reduction in the amount of BTC being sold off by the holders. The decline in the number of addresses that are sending their coins to centralized exchanges speaks volumes about this. Sellers Beginning To Cool Off Over the last year, the number of bitcoin addresses that had been sending BTC to centralized exchanges, presumably to sell their....
With the bull market has come the growth of cryptocurrency exchanges around the world. The industry as a whole saw such tremendous growth that even some of the biggest crypto exchanges have experienced difficulties with sustaining infrastructure for this growth. Even as centralized exchanges (CEX) have grown, decentralized exchanges (DEX) have shown much promise from […]
The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down - they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they'd consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The exchanges' arbitrage-bots equalize prices between one another. Miners - you're the backbone of this innovation. Cryptomonkeys - you think you're trading - but your....
Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges. Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges. Yet, the bear market hasn’t negatively impacted all players in the crypto ecosystem. Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized....
Analysts predict Ether may soon hit a new all-time high after ETH reserves on centralized exchanges fell by 27% in two days. The amount of Ether held on exchanges has plunged over the past two days, with CryptoQuant data indicating that just 8.1 million ETH is currently sitting in the reserves of centralized exchanges.The acceleration of ETH being taken off exchanges was highlighted by Nuggets News’ Alex Saunders, who noted a 10% drop in Ether reserves on centralized platforms on Jan.14 — from 11 million to 10 million over 24 hours. “Exchanges will run out of ETH in 10 days at current....