Swiss financial data expert SIX, one of Europe’s leading financial information providers, is delighted to announce that CryptoCompare’s cryptocurrency data is now available for their broad customer base.
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.
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.
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.