traded volumes – DIGIT INFO

Study Finds 70% to 80% of Secondary Market Transactions Involve Crypto and Stablecoins

DIGIT — Sat, 13 Apr 2024 11:26:40 +0000

Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According […]

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South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%

DIGIT — Fri, 25 Nov 2022 11:30:33 +0000

The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors. Discrepancy Between WEMIX Circulating Supply […]

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Altcoin SNM’s 4,000% Price Surge in 24 Hours Fuels Pump and Dump Claims

DIGIT — Sun, 20 Nov 2022 20:30:36 +0000

The trading price of the altcoin SNM suddenly rose by over 4,000% to $10.91 on Nov. 20, 5:30 a.m. (ET), while the coin’s 24-hour trade volume stood at just over $720 million. The altcoin’s abrupt price surge has fueled speculation that the altcoin is being targeted by a pump-and-dump group. Binance Dominates the Altcoin’s Trade […]

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Number of Africa-Based Users on Kucoin Platform Surge by 200% in First 10 Months of 2021

DIGIT — Thu, 25 Nov 2021 05:30:09 +0000

Despite largely lagging behind the rest of the world on many other metrics, Africa however appears to have taken the lead where cryptocurrency or the blockchain is concerned. Africa-Based Kucoin Users Skyrocket in 2021 In African countries that are plagued by currency woes or hyperinflation, cryptocurrencies have emerged as a genuine alternative store of value. […]

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Nigeria’s Cryptocurrency Traded Volumes on P2P Platform Top $1.5 Billion

DIGIT — Wed, 05 May 2021 11:30:34 +0000

According to Paxful, a peer-to-peer trading platform, Nigeria’s cryptocurrency traded volumes on the platform topped $1.5 billion in the first four months of the year 2021. This figure represents almost a third of Paxful’s global total volume of $5 billion. This latest traded volume figure once again reaffirms Nigeria’s status as one of the exchange’s […]

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P2P Bitcoin Trade Volumes Surge in Kenya and Ghana but Nigeria Still Dominates

DIGIT — Sun, 11 Apr 2021 12:30:06 +0000

According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa has now been relegated to the fourth position […]

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Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

DIGIT — Tue, 15 Dec 2020 10:00:10 +0000

Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai, and dogecoin had significant volumes in the […]

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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

DIGIT — Sun, 11 Oct 2020 07:49:39 +0000

The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]

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Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives

DIGIT — Tue, 08 Sep 2020 05:00:16 +0000

The latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion. Binance leads the top tier list […]

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Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?

DIGIT — Sun, 30 Aug 2020 09:30:12 +0000

The Polkadot token, which recently underwent a redenomination, has seen its value more than double in less than seven days. Now with a reported (but unverified) circulating supply of 897,657,920 tokens, the Dot token claims its place as the fifth-ranked token. At the time of writing, the token traded at $6.23, which translates to a […]

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