EUR/USD 1.16247
0.140%
Gold 4205.72
-0.626%
Oil 58.439
-1.563%
USD/JPY 155.864
0.251%
GBP/USD 1.32121
-0.002%
GBP/JPY 205.900
0.245%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russian presidential aide Ushakov commented on the Russia-US meeting: "The two sides are not any further away from peace than before the meeting, that much is certain."Reserve Bank of Australia Governor Bullock: Global risks have eased slightly.Reserve Bank of Australia Governor Bullock: We may have already reached the limits of potential growth. Inflation has unexpectedly risen.On December 3, JD Industry announced on the Hong Kong Stock Exchange that it plans to issue approximately 211 million shares in its Hong Kong IPO (subject to the exercise of the over-allotment option), with a price range of HK$12.7 to HK$15.5, and plans to commence trading on December 11.On December 3, at a formal meeting of the World Trade Organizations Trade Policy Review Body held on December 2, China expressed its position on the WTOs latest report on member trade measures, calling on members to fulfill their notification obligations regarding trade measures, enhance trade policy transparency, and maintain the stable operation of the multilateral trading system. The Chinese statement pointed out that the United States, as a WTO member with significant influence on international trade, has failed to promptly notify the WTO of its trade and related measures, adversely affecting the effective operation of the WTOs monitoring function. China urged members to actively fulfill their transparency obligations and, in the current volatile trade environment, proactively and promptly notify the WTO of new trade measures, particularly arrangements involving tariff changes, regardless of their legal binding force, all of which should be included in the monitoring and notification scope.

Crypto derivatives volumes surge to $3.12 trillion in July

Skylar Shaw

Aug 12, 2022 14:53

微信截图_20220812144851.png


According to researcher CryptoCompare, trade in cryptocurrency derivatives on centralized exchanges increased to $3.12 trillion in July, up 13% month over month, as cryptocurrency values begin to rebound from the recent market crisis.


According to CryptoCompare, the derivatives market now accounts for 69% of all crypto transactions, up from 66% in June, and helped drive total crypto volumes on exchanges to $4.51 trillion in July.


On July 29, derivatives exchanges transacted up to $245 billion, which is 9.7% greater than the $223 billion top daily high for June.


Spot cryptocurrency trade, however, dipped to $1.39 trillion in July, the lowest level since December 2020 and a monthly fall of 1.3%, according to CryptoCompare.


In May and June, the price of cryptocurrencies fell precipitously as investors fled riskier investments due to concerns about soaring inflation and Federal Reserve interest rate rises. Several cryptocurrency organizations have slashed staff after a significant pair of tokens collapsed, and other cryptocurrency lenders have frozen client withdrawals.


With bitcoin rising 17% in July, prices have somewhat recovered. It is still a long way from its record high of $69,000 in November, which it reached at roughly $24,300.


Since there is no U.S. Federal Reserve meeting in August, CryptoCompare said, "the jump in futures trading volume signals an increase in speculative activity as traders feel there is opportunity for more upside in current rally."


According to CryptoCompare, traders are also making predictions on the impending Ethereum merge, which is a network update anticipated for September.


Since its $880 low in June, ether has increased to over $1,900.


According to CryptoCompare, BinanceUSD, a stablecoin released by the cryptocurrency exchange Binance, gained popularity in July as spot volumes for transactions between bitcoin and BinanceUSD for the first time surpassed those between bitcoin and dollars.


With a 54% market share, Binance continued to dominate the exchange landscape, while Atom Asset Exchange (AAX), which saw its volume increase by 26.5% in July, moved into second place.


Trading volumes more than half in the second quarter of 2022, according to a data released on Tuesday by American exchange Coinbase.

Suggestion