“Fed tightening seems to be lighter and inflation less of a risk,” Charles Hayter, CEO of crypto data site CryptoCompare, said in emailed comments to CNBC.
Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed.
In 2022, trading volume on centralized exchanges such as Coinbase, Kraken and Binance plunged more than 46%, according to data compiled by CryptoCompare.
According to numbers shared by data provider CryptoCompare, the monthly trading volume of the bitcoin-tether pair fell to 6.6mn coins in December.
Binance took a dominant percentage of market share among the top centralized exchanges in the last three months of the year, increasing from 48.7% in the first quarter of the year to 66.7% in the last quarter, according to a CryptoCompare.
Crypto exchange Binance processes more transactions than most of its rivals combined, accounting for roughly half of crypto spot trading and two-thirds of derivatives trading, according to CryptoCompare.
The exchange, which has licenses to operate in jurisdictions around the world but no formal headquarters, boosted its market share to more than 52% in spot trading, according to data from CryptoCompare
In the first seven days of December, 4,545 bitcoin were withdrawn from centralised exchanges, compared with inflows of 3,846 bitcoin in the same period last year, according to CryptoCompare.
Since FTX’s failure — which stranded what may amount to billions in user funds — Bitcoin has seen its largest outflows from exchanges in history, according to data firm CryptoCompare.
Crypto-fund asset managers like Grayscale Investments, CoinShares International Ltd. and others saw investors withdraw $19.6 billion in November, according to research firm CryptoCompare.
Four days later, November volumes had surpassed the whole of the month before, according to CryptoCompare.
Serum’s total market value was $88mn on Saturday, according to data provider CryptoCompare, suggesting FTX’s holdings would be worth far less if sold into the market. CryptoCompare’s figures take into account the coin’s liquidity.
Binance already dominates the exchange market landscape and its acquisition of FTX will further this divide,” David Darocas of CryptoCompare.
Still, the token is down 55% this year and has largely been hovering aroundfor weeks. Others say the selling is not over yet, with digital-assets researcher CryptoCompare pointing to historical data as proof the market could see further declines.
Past suggests price poised to fall even more: CryptoCompare.
CryptoCompare points out that volumes haven’t deflated as much as they had in the rout that started in 2017, when they dropped more than 60% from peak to trough.
Market participation has also dwindled, with the average daily trading volume of digital asset products falling to $61.3 million as of Oct. 25, far from the daily volumes of around $700 million seen last November, CryptoCompare data shows.
Ether, the second largest, has failed to rally since its environmental overhaul in September. Average annualised volatility for bitcoin is now the lowest since October 2020, according to analytics platform CryptoCompare.
Trading volumes between bitcoin and the pound jumped 233% in September overall from the month before, according to data from research firm CryptoCompare, while trading between the cryptocurrency and a similarly battered euro also jumped 68%.
Data from CryptoCompare suggest that, since 2019, a total of 68 crypto exchanges have been shut down across the globe.
Recent data published by analytics platform CryptoCompare show momentum is yet to turn round as it prepares to announce third-quarter earnings on November 3. Additional data from CryptoCompare show that monthly spot trading volume for Binance, FTX and OKX increased during the same period.
During the bull market of 2021, there was plenty of money, attention, and liquidity for new and existing projects,” Jacob Joseph, a research analyst at researcher CryptoCompare, said in an interview.
CryptoCompare, a data provider, unveiled a new group of staking yield indexes with blockchain infrastructure platform Blockdaemon.
the MVIS CryptoCompare Digital Assets 100 Index shed about 1% in that period versus losses of 6% for global bonds, over 10% for world stocks and 11% for commodities.
The MVIS CryptoCompare Digital Assets 100 Index has added 7.3% since the end of June, whereas stocks, bonds, commodities and gold suffered losses.
According to data compiled by data analytics platform CryptoCompare, bitcoin-USDT trading volume in bitcoin has roughly doubled since May, when the stablecoin’s peg to the dollar was briefly lost as a result of growing selling pressure in the wake of crashing crypto prices.
"The funding rate disparity between ETH and BTC has switched, as investors hedge themselves against the possibility of an underwhelming receipt of the Merge," James Webb, research associate at London-based data aggregator and index provider CryptoCompare, said.
CryptoCompare shows USDC’s bitcoin and ether trading volume on Binance has been growing steadily during the second half of this year, following a quiet start to the year.
Coinbase’s market share fell to 6.3% in July from 10.7% in January, as measured by global spot trading volume among the top 15 crypto exchanges, according to data from CryptoCompare.
Per CryptoCompare, Ethereum’s cumulative AuM rose by 44.6% to $6.57 billion. Bitcoin’s AuM, on the other hand, rose 16.9% to $18.6 billion.
Bitcoin BTCUSD –1.18% and other cryptocurrencies were rallying on Thursday as investors piled back into risk-sensitive assets following the Federal Reserve’s latest decision on monetary policy.
Cryptocurrencies are trying to recover from a rout this year that's wiped more than 50% off the MVIS CryptoCompare Digital Assets 100 index.
Binance’s spot-trading market share rose to 49.7% in June from 45% in January, according to data from research firm CryptoCompare.
CryptoCompare analyzed the events of the second quarter and what they could mean for the crypto industry. Despite the internal tremors of the crypto industry, the macro landscape is labeled as “dire” in the report
Let’s take an example of calculating Bitcoin mining profitability with a brand new Bitmain ASIC Antminer S19 Pro using the BTC mining calculator by crypto market data provider CryptoCompare.
The AUM of crypto investment products dropped to record lows in the month of June 2022, the latest data from Crypto Compare has shown.
According to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading just below $19,000 on Thursday, the last day of the three-month period.
The exchange processed more than $2tn in spot and derivatives trades last month, according to CryptoCompare data, but is not regulated at the overall group level.
The amount of capital circulating in DeFi projects had soared to nearly $230bn by late 2021, according to CryptoCompare data.
“Moreover, our data shows a growth in crypto activity this year, despite the downward trend in price action,” says Jacob Joseph, research and data analyst from CryptoCompare.
Bitcoin futures contracts volume at CME was 250,650 contracts, the highest since February 2021 according to CryptoCompare's May 2022 Exchange Review.
Some are less sceptical, though. Even in May, as Terra’s collapse rocked the crypto world, investors put $66.5mn on average each week into virtual asset investment products, according to data from CryptoCompare.
Later in the day it rallied somewhat to top $19,000 but fell again early on Sunday to around $18,200 according to website CryptoCompare.
“Psychologically for a lot of people this is galling,” said Charles Hayter, chief executive officer of CryptoCompare, a company that provides data and analytics about the crypto market.
USDD, the algorithmic stablecoin of smart contract platform Tron and the ninth-largest stablecoin by market cap, lost its peg to the dollar on Monday, at one point dropping as low as $0.96 as short-sellers built up extreme positions against the cryptocurrency, according to researcher CryptoCompare
Bitcoin has lost 30% of its value in just four days, exhibiting a level of volatility that the largest cryptocurrency is famous for—even if it hasn’t seen such wild swings in years.
Other cryptocurrencies were also in the gutter: the MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 17%, also its lowest point since December 2020.
Tether’s market value has fallen by 9 per cent since May 12 to $76bn as tokens have been removed from circulation to meet redemption requests, CryptoCompare data show.
By the end of Thursday, the market capitalisation of the project had fallen from $41bn to $6.6m, “the largest destruction of wealth … in a single project in crypto’s history,” according to Charles Hayter of the analytics firm CryptoCompare.
The cryptocurrency market lost $400 billion during the week as two stablecoins lost their pegs to the US dollar. A chart shows a slide in luna coin's price while supply soared in May 2022 via CryptoCompare.
The failure of a once-hyped stablecoin has sparked serious questions over the functioning of the entire crypto market. Research firm CryptoCompare said luna was “the largest destruction of wealth in this amount of time in a single project in crypto’s history”.
The US$1.3 trillion cryptocurrency industry was hit on Thursday by one of its toughest challenges when stablecoin Tether — a critical cog in the market — failed to maintain its link with the US dollar.
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“This assumes normal market conditions,” said David Moreno Darocas, a research analyst at CryptoCompare. “During periods of high volatility and one-sided buy/sell activity for UST, the above stabilizer may not be sufficient to maintain the peg in the short-term.”
The Chicago-based exchange is "looking at" creating altcoin futures contracts given significant client requests, Payal Shah, CME’s director of equity and crypto products, at CryptoCompare’s Digital Asset Summit in London on Wednesday.
Chris Tyrer, head of Fidelity Digital Assets Europe at Fidelity Digital Assets, said institutions such as sovereign wealth funds and pension funds are starting to believe in the long-term investment thesis for digital assets.
The MVIS CryptoCompare Digital Assets 100 index -- which tracks tracks the performance of some of the largest digital assets -- was up more as much as 6.7%.
The world’s largest crypto exchange by a considerable margin, processing $504 billion worth of spot trades of digital assets in January alone, according to data provider CryptoCompare
Binance handled slightly more than $500bn in spot crypto trading volume in January, according to the most recent figures from CryptoCompare, nearly four times more than its next largest rival.
Trading volumes jumped to $2.7 trillion in February, with volumes at major exchanges jumping over 35% to $2.4 trillion, researcher CryptoCompare said. Smaller exchanges saw volumes slump by 36% to $381 billion, suggesting growing consolidation of trading at larger venues.
Cryptocurrency exchange FTX reached a valuation of $25 billion in a new funding round that includes heavyweights from traditional finance.
Data from CryptoCompare shows that the price of Bitcoin started last week above $56,000 and moved sharply upward to surpass $62,000 – less than $2,000 away from its all-time high seen earlier this year.
The world's largest cryptocurrency was down 4.35% at $63,122.78, at 2:10 p.m. Eastern time, after hitting a record $67,016 on Wednesday.
Average weekly flows to bitcoin funds totalled $121.1 million in October, up from $31.2 million a month earlier, data from London-based CryptoCompare shows.
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Constantine Tsavliris, head of research at crypto data site CryptoCompare, said the harsh rhetoric was likely to result in a “short-term sell-off as negative news presses investors to take a conservative approach.”
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While SHIB has a wide range of pairs on dex platforms like Uniswap, Sushiswap, and Shibaswap, on centralized exchanges tether (USDT) commands 79% of all trades according to CryptoCompare analysis.
The latest market research by CryptoCompare indicates derivatives volumes increased by 37.8% in August 2021 to $3.4 trillion
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Crypto data tracking service CryptoCompare noted in its report that volumes associated with digital asset investment products rose 9.6% in September.
Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect.
In August, crypto trading volumes surged as crypto-based derivative products hit all-time highs, according to the monthly Exchange Review report by CryptoCompare.
A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year.
In June, more crypto derivatives were traded than actual coins, the first time that had happened in 2021, according to data tracker CryptoCompare.
Cryptocurrency exchange data shows bitcoin trading fell more than 40% in June of this year, according to CryptoCompare. In the same month, the price of bitcoin hit a monthly low of $28,908.
Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to CryptoCompare.
Authorities in the U.K. and Japan took aim at affiliates of Binance Holdings Ltd., the world’s largest cryptocurrency exchange network, in the latest regulatory crackdown on the wildly popular trade in bitcoin and other digital assets.
China has already banned financial institutions from providing crypto-related services. “China often does this,” Charles Hayter, CEO of crypto data firm CryptoCompare, told CNBC via email.
Galaxy Digital Holdings Ltd. will serve as a liquidity provider on Bitcoin futures for Goldman Sachs Group Inc. as the securities firm re-enters the cryptocurrency markets.
Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to U.S. officials paid to hackers that targeted Colonial Pipeline.
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In November 2015, about 92% of bitcoin trading was done with the Chinese currency renminbi, according to data from CryptoCompare, a cryptocurrency data company.
US day trading frenzy eases as investors 'move on to other things' ... last month, according to CryptoCompare data compiled by The Block Crypto.
An influential set of cryptocurrencies is under increasing scrutiny ... About 55% of all Bitcoin purchases are now conducted with Tether, according to researcher CryptoCompare.
Digital assets under management across exchange-traded products doubled this month to a record $43.9 billion, researcher CryptoCompare said on Friday, underscoring soaring interest in securities that track digital currencies.
The London-based data firm CryptoCompare, is another big winner. Its chief executive Charles Hayter tells Sifted that the platform is now onboarding 20 new paying data clients a month.
Trading volumes across six major cryptocurrency exchanges have been 10% higher at weekends than weekdays in that period, data from researcher CryptoCompare shows.
Trading volumes on major cryptocurrency exchanges hit a daily record on Monday of over $68 billion, research showed, highlighting the trading frenzy that has accompanied bitcoin’s charge to an all-time high.
“This is the domino effect as asset managers tumble their portfolios into bitcoin,” Charles Hayter, CEO of crypto market data provider CryptoCompare, told CNBC.
Bitcoin enthusiasts agree the digital currency hit a record recently. What they don’t agree on is the level of that milestone or even when it was set.
“The gap between the crypto world and traditional financial institutions has closed dramatically,” Charles Hayter, CEO of crypto market data provider CryptoCompare, told CNBC.
“With PayPal’s 346 million users and 26 million merchants this development brings digital assets to the mainstream public in a more meaningful way than anything else we have seen this year,” wrote Charles Hayter, founder and chief executive officer at CryptoCompare.
CryptoCompare reports that Grayscale's exchange-traded products are generally underperforming the market this month. (...) CryptoCompare’s most recent Digital Asset Management Review (...) found that “Grayscale’s products generally underperformed compared to the market.”
A CryptoCompare report published Thursday shows volumes for cryptocurrency-based exchange-traded-products (ETPs) have fallen to a fraction of what they were in August.
Singapore Exchange Ltd. is creating two new cryptocurrency indexes (...) SGX’s iEdge Bitcoin Index and iEdge Ethereum Index will use inputs from exchanges determined by CryptoCompare, according to the methodology.
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The average daily volume of top derivatives exchanges, including Huobi, BitMex and OkEx, dropped from 30% to nearly 60% between March and April, according to CryptoCompare. Average daily volume on many spot exchanges, including Binance and OkEx, also dropped by at least 10%.
According to data from CryptoCompare, bitcoin has outshone oil for far longer than just a few days when it comes to price stability.
The fund tracks the bitcoin (BTC) price using an index feed co-developed by MV Index Solutions (MVIS), a VanEck Europe subsidiary, and cryptocurrency market data provider CryptoCompare.
Trading volume at the major cryptocurrency exchanges has exploded this week, with Coinbase, Bitstamp, and Bitfinex combined seeing a 19 percent bump in 24-hour exchange volume, according to data aggregator CryptoCompare.
Intelligence Unit (IU) (…) announced its partnership with Nomura Research Institute (NRI) to launch a digital asset index – NRI/IU Crypto-Asset Index – in Japan. (…), also tied with MV Index Solutions and CryptoCompare for utilizing their market and price tracking technologies.
Ripple has recently opted for a new trading volume benchmark, based on data from cryptocurrency index CryptoCompare. Ripple hopes it will be able to better address concerns about “misreported, falsified and inflated reported trading volumes,” and provide more accurate trading figures.
Cryptocurrency data and indices provider CryptoCompare is working to make it easier to spot good, and bad, crypto exchanges.
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Cryptocurrency data and indices provider CryptoCompare is launching its first cryptocurrency Exchange Benchmark, according to a press release CryptoCompare shared with The Block. The ranking assesses more than 100 active spot exchanges and analyses their reliability.
Crypto derivatives platform BitMEX and provider of crypto data CryptoCompare will jointly build a real-time crypto futures dataset.
We spoke to Charles Hayter about crypto regulations, bringing institutions to the market and wash trading.
