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Since the $69k top and during the price decrease, bitcoin has experienced a steady outflow from exchanges.

This is in marked contradiction to what occurred in 2021, When we had massive inflows during the sell-off!


#Bitcoin #OnChain #Exchange
The balance of Bitcoin and other major cryptocurrencies on centralized exchanges ‌often represented the sentiment of cryptocurrency traders.

Here, large outflows of Bitcoin hint at an accumulation trend among investors. Bitcoin Balance in Exchange is falling Fast.

The above image shows the number of bitcoins left on the particular exchange.

#Bitcoin #Crypto #Exchange #Trading
A quick review of #Gemini ! 📈

🔸The first licensed Ethereum exchange to operate in the US!

🔸After 4 years of its launch, it became the first #exchange in the world to receive a license to provide Zcash trading.

🔸Nearly $70.79 mn in Gemini’s trading volume over 24 hrs, and has grabbed 13.6 mn users across 60 countries.

🔸Founded by Tyler and Cameron Winklevoss in 2014 in New York.

🔸Now, Gemini has grown to more than $30 bn in trades yearly and also recorded $307 mn in #revenue in FY 2021.

🔸By partnering with the Samsung blockchain, Gemini enables Samsung wallet users to access the Gemini mobile app and even conduct crypto payments.

🔸Raising $400 mn in its first equity #funding brought the exchange valuation to $7.1 bn.

🔸Gemini’s offerings include a web exchange, Hedge Fund & Liquidity Services, Credit cards, wallet, Gemini prime, and much more.

🔗Read More : https://www.linkedin.com/feed/update/urn:li:activity:6970243852095946752
He is called the Next Warren buffet! Do you know who is he? He is Sam Bankman-Fried

🔸 Sam Bankman-Fried (SBF) is a 30-year-old billionaire who is the Co-founder & CEO of FTX, the 2nd largest #crypto exchange globally.

🔸 Born on Mar 6, 1992, in the US, graduated in physics from #MIT, and presently stays in the #Bahamas.

🔸 Started his career as a trader on the International #ETF desk at Jane Street in Jun 2014.

🔸 In 2017, he founded Alameda Research, a quantitative trading firm that trades around $1 bn per day.

🔸 In 2019, he created #FTX which manages over 5 mn users and has gained $1.02 bn in revenue in 2021.

🔸 He is also a Founder of FTX US, a US-regulated crypto #exchange ranked the 12th largest crypto exchange.

🔸 He even ranked 60th on the Forbes billionaires list with a $24 bn networth on Apr 2022.

🔸 He made 7 investments and recently invested $45 mn to buy 30% stake in SkyBridge Capital.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6976549619686158336
📈 Do you know? Kraken Digital Asset Exchange was among the first few #crypto exchanges to offer spot trading, derivatives, and index products.

🔸 Ranked 4th largest crypto #exchange based on traffic, liquidity, and trading volumes.

🔸 Nearly 1000% increase in sign-ups in 2021! Over a $207+ bn quarterly trading #volume!

🔸 Founded by Jesse Powell in July 2011 in California.

🔸 Nearly 185+ cryptos, 130+ #trading pairs, and 7 fiat currencies are available for trading.

🔸 Kraken's #revenue in FY 2021 was $25.7 mn, more than 100% growth compared to 2020.

🔸 Kraken’s offerings include margin trading, staking, futures, OTC, proof of reserves, #KrakenPro, #CryptoWatch, and API.

🔸 Recently, RAKBANK partnered with #Kraken to revolutionize crypto trading in the UAE.

🔸 Raised $132.6 mn in 15 #funding rounds from 2B Global Capital, VentureGarage, and others.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6976898421060222976
What is WhiteBIT?

🔹 Did any Netflix users Know? Now your favourite movies and shows can be paid with #cryptocurrencies!

🔹 In just 1 year since its launch, #Whitebit reached $500000 in daily #trading volume.

🔹 The number of users crossed 3 mn!

🔹 WhiteBIT is the largest European centralized crypto #exchange with a presence in 150+ countries.

🔹 Launched in 2018 by Oleg Kiyan and Vladimir Nosov and is based in Tallinn, Estonia.

🔹 In 2019, it was recognized by Forbes as one of the top 10 companies in Asia.

🔹 #WBT is WhiteBit’s native token built on the #Ethereum blockchain with a 400 mn total supply and 394.79 mn max supply.

🔹 Reported revenue of $22 mn as of June 2022.

🔹 WhiteBit’s Offerings include #DEX, Whitebit app, Whiteswap platform, Spot, Margin, Smart Staking, #P2P, APIs, etc.

🔹 Whitebit’s key partnerships include National University of Kyiv-Mohyla Academy, Bayesian Markets, Netflix, etc.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6985594370905309185
Sam Bankman-Fried Speaks Out in Response to #Binance’s Accusation.

In a recent tweet, #FTX’s CEO Sam Bankman-Fried reassured users that the crypto exchange is “fine” and that a competitor is “going after” the #exchange with false rumors.

SBF also emphasized that the exchange has enough #liquidity to cover all client holdings and that it doesn’t trade customer #funds.

Swipe to see how #FTX survives the continuing #crypto conflict.
Tron's Justin Sun Says He's 'Putting Together Solution' for FTX

The #Tron cryptocurrency network's creator and Grenada's ambassador to the #WTO, Justin Sun, tweeted late on Wednesday that he and his team were "putting together a solution" with struggling #cryptocurrency exchange FTX, hours after Binance announced it would not proceed with a deal to acquire the company.

Sun's tweet lacked details that would have indicated whether this fix will save #FTX as a whole or just backstop the Tron-related coins that were traded on the #exchange.

A number of regulatory bodies, including the #SEC, the #CFTC, and the U.S. Department of Justice, have implied that they are looking into or expanding their #investigations into the firm.
🔹 Binance Vs Coinbase: Which #Exchange will you choose?

🔹 #Binance with a trading volume of $48.28 bn in the last 24 hrs, making it the top-ranked exchange ahead of #Coinbase at roughly $5.46 bn.

🔹 Coinbase made $7.8 bn in #revenue in 2021, a 550% increase from 2020, and Binance made $20 bn, almost 4 times from 2020.

🔹 Binance has valued at $300 bn in 2022 whereas Coinbase is at $18 bn.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6996352174641344513
Traditional #crypto exchanges match, buy, and sell orders between users using an order book. But because neither the buyer nor the seller is aware of who the other party is, all users are given some degree of anonymity and #privacy protection.

Peer-to-peer (#P2P) trading refers to decentralized #exchange markets that allow users to buy and sell #cryptocurrencies directly with one another. The information you have on that person can range from a #bitcoin wallet address, to their forum username, location, IP address,

Swipe to know the difference between them...
In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized finance (DeFi) protocols and few are withdrawing – as cryptocurrencies flow off big centralized crypto exchanges.


#Crypto #Exchange #CEX #FTX #DeFi
If you are new or a pro in #crypto trading, You must look into #Charting tools, highly required for your technical #trading strategies, as well as allows you to identify market #trends, predict the future price movements of assets, and find the best opportunities in the #market.

Here are The Top 8 Charting Tools in terms of features, ease of use, #exchange integration, and more
Do you know? How #cryptocurrency is being used in daily life?

From #investment to money transfer and from online shopping to online classes, everything is going paperless with online payments.

Cryptocurrency has become the modern medium of #exchange of money like USD, and EUR currencies.

Here’re the Top 6 Usecases of cryptocurrencies.

https://www.linkedin.com/feed/update/urn:li:activity:7013402900265648128
Celebrating 14 Years Since the First #Bitcoin Exchange

Today marks the 14th anniversary of the launch of the first Bitcoin #exchange.

It was also the first time the $BTC-USD exchange rate was made public, with $1 = 1,309 BTC.