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Binance leads crypto exchanges in Bitcoin deposits in 2024

Average Bitcoin and USDT deposits across crypto exchanges escalated over the year, indicating a rise in institutional demand for digital assets.

Cryptocurrency exchanges have seen a sharp increase in average deposits in 2024, driven by larger purchases from professional and corporate investors. 

According to a Dec. 3 analysis by CryptoQuant, Binance saw its average daily Bitcoin (BTC) deposit rise by 2.77 BTC over the year, outpacing competitors like Kraken and Coinbase — with average daily deposits up by 0.56 BTC and 0.41 BTC, respectively.

Data across exchanges shows that average Bitcoin deposits escalated from 0.36 BTC in 2023 to 1.65 BTC in 2024, while deposits with Tether (USDT) stablecoin surged from $19,600 to $230,000, indicating growing participation from institutional investors and market makers inflows to exchanges.

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Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto Exchanges

Japanese Regulator Issues Warning Letters to 5 Unregistered Crypto ExchangesJapan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents. Users of 5 Exchanges May Lack Asset Protection The Financial Services Agency (FSA), Japan’s financial regulator, announced Nov. 29 that it has issued warning letters to five cryptocurrency exchanges it accuses of operating without registration. The five crypto exchanges […]

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Rapid Response and Transparency Key to Building Trust in Digital Assets, Says Kucoin MD

Rapid Response and Transparency Key to Building Trust in Digital Assets, Says Kucoin MDAlicia Kao, Kucoin’s managing director, has emphasized the importance of security and regulation in the digital asset space. Rapid Response to Security Breaches Helps Restore User Trust Although hacks and breaches have hindered the adoption of digital assets, Alicia Kao, Kucoin’s managing director, said the rapid response to incidents, combined with transparency in sharing information, […]

New Meme Coin Crypto All-Stars Raises $21M in Viral Presale, Expert Predicts Big Gains on Launch (48 Hours to Go)

What are inflows and outflows on crypto exchanges?

Inflows indicate cryptocurrency entering an exchange, reflecting demand, while outflows show funds leaving, signaling selling pressure or profit-taking.

Understanding how inflows and outflows affect crypto prices is crucial for navigating market dynamics. Inflows, representing the influx of liquidity into exchanges, can positively impact prices. Conversely, outflows, indicating the withdrawal of funds, can exert downward pressure on prices.

Liquidity - the ease with which assets or goods can be bought or sold — is vital for traders, users and investors. When referring to inflows and outflows on exchanges, it involves tracking the movement of cryptocurrencies into and out of these trading platforms.

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New Meme Coin Crypto All-Stars Raises $21M in Viral Presale, Expert Predicts Big Gains on Launch (48 Hours to Go)

Slovenian Regulator Grants Bitstamp License for Crypto Derivatives

Slovenian Regulator Grants Bitstamp License for Crypto DerivativesBitstamp, a cryptocurrency exchange, has received a MiFID MTF license from the Slovenian securities regulator. The license allows Bitstamp to offer more sophisticated products, including crypto derivatives, to both institutional and retail investors. The Slovenian securities regulator has granted Bitstamp a Markets in Financial Instruments Directive (MiFID) Multilateral Trading Facility (MTF) license, enabling the cryptocurrency […]

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Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says NoA Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces. Could crypto ever be fully decentralized, or will it mirror traditional finance? The potential regulatory challenges and the role […]

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Bybit CEO: Celebrities Should Avoid Giving Direct Crypto Investment Advice

Bybit CEO: Celebrities Should Avoid Giving Direct Crypto Investment AdviceAccording to Ben Zhou, founder and CEO of crypto derivatives platform Bybit, content creators play a vital role in the crypto ecosystem. Besides helping inexperienced investors and traders avoid steep losses, crypto content creators can also attract billions of people unfamiliar with or skeptical about cryptocurrencies. Rapid Industry Changes Create Information Overload However, in written […]

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Nigerian Regulator Pledges to Fight Crypto Fraud

Nigerian Regulator Pledges to Fight Crypto FraudThe Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu said he supports regulating the crypto sector. Investor Education Nigeria’s securities regulator vows to crack down […]

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Binance derivatives market share shrinks to 2020 levels as CEX trading slumps

While Binance and other centralized exchanges saw activity decline in September, Crypto.com witnessed its trading volume reach an all-time high.

Global crypto exchange Binance experienced a significant decline in trading activity in September. 

According to a CCData report, trading volume for derivatives on Binance fell by 21% to $1.25 trillion in September, the lowest level since October 2023. With the decline in activity, the exchange’s derivatives market share stood at 40.7% at the end of the month — the lowest since September 2020. 

The downward trend also affected spot trading volume, which dropped by 22.9% to $344 billion, marking the lowest monthly spot volume since November 2023. The decline in spot trading reduced Binance’s market share to 27%, the lowest since January 2021. 

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Bitcoin Price in South Korea Sees Largest Discount Since October 2023

Bitcoin Price in South Korea Sees Largest Discount Since October 2023According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in […]

New Meme Coin Crypto All-Stars Raises $21M in Viral Presale, Expert Predicts Big Gains on Launch (48 Hours to Go)