Crypto News Center

DEX trading volume rises 15.7% in Q2, CEX activity drops

Thruster and Aerodrome emerge as new DEX contenders, while Bybit climbs to second place among CEXs. Key Takeaways DEX trading volume grew 15.7% in Q2 2024, while CEX volume dropped 12.2%. Uniswap maintained 48% DEX market share, while Binance held 45% of CEX market. Decentralized exchanges (DEXs) saw a 15.7% quarter-on-quarter increase in spot trading volume, reaching $370.7 billion in Q2 2024. This growth contrasts with centralized exchanges (CEXs), which...

Ethereum’s $4,000 Struggle: A Modest Gain Amid Bitcoin’s $100K Glory

While bitcoin (BTC) climbed into the $100,000 range, ethereum (ETH) took a modest step upward with a 2% increase but still couldn’t cross the $4,000 threshold. ETH Faces a $4K Wall: Modest Gains as Market Eyes Bitcoin’s Triumph The second-largest cryptocurrency by market capitalization—and the 26th most valuable asset globally—ethereum has seen some positive movement, even as bitcoin grabbed most of the spotlight. Over the past day, ETH gained 2%...

Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 billion, accounting for 62% of all the volumes traded during the same period. Most of...