Bitfinex

Both Crypto Derivatives and Spot Markets Post Record Volume in March

Source Node: https://cointelegraph.com/news/both-crypto-derivatives-and-spot-markets-post-record-volume-in-march
Time Stamp: April 5, 2020 3:06 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges.The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets.March 13 sets record for daily spot tradesThe report states that March 13 produced the single greatest volume in the history of crypto assets — with all exchanges and markets producing $75.9 billion in trade activity over 24 hours.$54.3 billion of 71.5% of trades came from ‘Lower Tier’ exchanges, while ‘Top Tier’ exchanges generated $21.6 billion in volume.Despite Binance

Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

Source Node: https://cointelegraph.com/news/bitfinex-supplied-most-liquidity-during-37k-bitcoin-crash-report
Time Stamp: April 4, 2020 9:17 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.CryptoCompare: Bitfinex hit 40% of exchange volumeOn March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.“Despite Binance and OKEx trading the most volume across all markets

Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

Source Node: https://cointelegraph.com/news/past-halvings-in-review-case-for-an-immediate-bitcoin-upsurge-is-flawed
Time Stamp: April 3, 2020 2:15 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin.On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing power. Through large-scale mining centers filled with ASIC mining chips and sophisticated equipment, miners use a large amount of electricity and have