Binance Futures On All Time High, Record $700 MM Trade Volume in 24 hrs

Leading cryptocurrency Exchange, Binance’s recently launched BTCUSDT Futures recorded a volume of $700 M on the 15th of October. 
Binance Futures Records 3rd Highest Volume In Crypto Futures
Source- Skew Markets
Binance Futures further recorded its first 24 hr 100K BTC day on the 15th.  On the 11th of October, Binance Futures recorded a new high trading volume- 16k BTC in an hour. Then, the volume recorded was the 4th highest in the crypto futures industry. 
Source- Twitter
Interestingly, in a span of 5 days, Binance Futures managed to climb up the 3rd highest position. A tweet by AG Binance mentioned how Binance Futures are on a bull run and have already reached No 2 spot in terms of 24-hour volume. 
Source: Twitter
Launched on the 2nd of September, Binance Futures have performed exceptionally well. Recently, the 24-hour trading volume of Binance’s futures markets was seen to have crossed 30,500 BTC. Denominated in USDT, the equivalent of this would come to over $250 MM. Further, the figures were also said to have exceeded those of Binance spot trading which recorded a relatively lower 24-hour trading volume of 219,868,241 million denominated in USDT.
Source- Twitter
While Binance Futures climb at a fast pace, leading cryptocurrency derivatives exchange BitMEX only traded futures worth $948 Million, recording the lowest in months. 
Source- Skew Markets
 
First BNB ETP Launched 
In another development, Binance and Amun AG – global leader in the issuance of cryptocurrency Exchange-Traded Products (ETP), have partnered together to launch a BNB ETP on the regulated segment of the SIX Swiss Exchange.
The product is designed to make the top- 10 cryptos accessible to audiences. Interestingly, this is the worlds’ first crypto-based product that can be purchased using a brokerage or a bank. The product has been issued on the Amun Onyx Platform. As a matter of fact, the new BNB ETP took about a month’s work to be created. Per the announcement, each new product will track 1.09890110 BNB and will trade at a starting price of approximately $20 – depending on market conditions.
When will Binance Futures hit the 2nd spot? Let us know your views in the comments below!
The post Binance Futures On All Time High, Record $700 MM Trade Volume in 24 hrs appeared first on Coingape.
Source: CoinGape

Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?

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Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?
Research and analysis reveal that Tether could be the world’s most used cryptocurrency for months now because its daily and monthly trading volumes surpass those of Bitcoin by far.
Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?

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Source: CoinSpeaker

Binance Announces Market Maker Program to Bring More Liquidity to the Platform

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Binance Announces Market Maker Program to Bring More Liquidity to the Platform
According to Binance, market makers participating in the program can enjoy trading fee reductions as well as higher API limits, and fees will be assigned based on their score rankings.
Binance Announces Market Maker Program to Bring More Liquidity to the Platform

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Source: CoinSpeaker

Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M

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Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M
For Binance, Mars Finance is the first strategic investment in China since 2017, when Beijing banned digital coin trading and the exchange withdrew from this market.
Binance Invests Into Crypto-Data Website Mars Finance Pushing Its Valuation Past $200M

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Source: CoinSpeaker

Binance Plans To Switch Operations in the US: How Will it Affect the Cryptocurrency Markets?

World’s largest cryptocurrency Exchange which has grown seamlessly until now by complying with AML/KYC regulations. However, reportedly, the administration has to make a lot of significant changes in the US.
The Malta-based original binance.com will no longer be available in the US. Nevertheless, they have planned a US-based Binance to be launched soon.
Disable Trading of Binance.com in the US
Binance announced an update to its Terms of Use on 14th June 2019, which included a restriction of service in the US. Hence, the Malta-based Exchange will no longer serve US citizens after 90 days, i.e., on 12th September 2019.
After the restrictions are imposed, users will continue to have access to their wallets and funds, but will no longer be able to trade or deposit on Binance.com. Hence, it seems that the regulations have been primarily imposed on trading only.
Also Read: Binance Exchange soon To Roll Margin Trading Service For the First Time
Plans to Launch a New Exchange in the US
Nevertheless, Binance is not planning on losing any of its customers in the US. It announced the launch of Binance.us  yesterday on 13th June 2019.
Binance.US will be operated by BAM Trading Services and built on cutting-edge matching engine and wallet technologies licensed from Binance.
Moreover, it might require the customers to provide their verification details again, and Binance could stand to lose a share of its customers. Binance has been popular because of its all-inclusion strategy which has listed numerous cryptocurrencies on its platform since its inception in 2019.
Moon Overlord, an anonymous on Twitter expected a lot of shifts in the altcoin markets due to the move he tweeted,
I’d expect all kinds of craziness
Exit pumps on coins that wont be on Binance US, whales dumping their remaining ICO tokens, god knows what else… Stay safe out there
Also Read: Binance Coin [BNB] Price Analysis: Reaction to The Double-Top Pattern is Inevitable
However, some of these might be restricted for trading in the US. Poloniex, a US-based Exchange had recently discontinued trading services for nine cryptocurrencies which included Lisk [LSK], Ardor [ARDR], Bytecoin [BCN], NXT, Augur [REP], Game Credits [GAME], Ehtereum Gas [GAS], ONMI, Lisk (LSK) and Decred [DCR]. There is a high probability that Binance in the US will not include these cryptocurrencies as well. Moreover, restrictions on some of the ICOs might also be imposed.
Which other cryptocurrencies do you think might be affected by the shift? Please share your views with us. 
The post Binance Plans To Switch Operations in the US: How Will it Affect the Cryptocurrency Markets? appeared first on Coingape.
Source: CoinGape

Binance CEO Issues Warning to Delist Bitcoin SV, Joins the #WeAreAllHodlonaut Movement On Twitter

Craig Wright has claimed to be the inventor of Bitcoin with alias Satoshi Nakamoto for far too long now that people hardly take notice of his claims. Wright came with the revelation after the Bitcoin Cash SV broke away from the main Bitcoin Cash (BCH) to probably influence the price of Bitcoin Cash SV (Satoshi’s vision).
However, the crypto-markets mocked on the claims and ever since then the popularity of Bitcoin Cash SV has declined considerably. Moreover, such claims are not healthy for the entire crypto-community as it spreads unnecessary information and creates immoral FUD (Fear, Uncertainty, and doubt) in the market.
Binance CEO Changpeng Zhao issued a final warning to Bitcoin SV proponents through a tweet on 12th April.
“Craig Wright is not Satoshi.
Anymore of this sh!t, we delist!”
#WeAreAllHodlonaut Movement on Twitter
Recently, Craig Wright has offered a $5000 bounty to reveal the identity of @Hodlonaut, a Twitter user who went on to rebuff the claims of Craig Wright calling himself ‘Satoshi Nakamoto.’ Wright stated that he would file a case against the anonymous user.
Justin Sun, the Founder of Tron too supported CZ and shared hashtag.

Show our support to #WeAreAllHodlonaut ⚡️ https://t.co/Ycu5wM1sT7
— Justin Sun (@justinsuntron) April 12, 2019

However, the Crypto-Twitter (CT) seems to be siding with the anonymous Twitter user rather than Wright. A popular #WeAreAllHodlonaut has caught among the crypto-community. The essential significance of the hashtag is that the entire community doubts Wright’s claims, and if he filed a court case against the user, he would have to register it against everybody joining the movement.
The movement and warning by the CEO of the largest Cryptocurrency Exchange in the world could bring the claims to a stop now. Moreover, it actively creates a negative impact on the trust and reliability of the cryptocurrency. The price of Bitcoin SV at 7: 00 hours UTC on 12th April 2019 is $69.5. It is trading 9.31% lower on a daily scale.
Do you believe in the #WeAreAllHodlonaut Movement as Well? Please share your views with us. 
The post Binance CEO Issues Warning to Delist Bitcoin SV, Joins the #WeAreAllHodlonaut Movement On Twitter appeared first on Coingape.
Source: CoinGape

Binance’s Trust Wallet Follows Coinbase Custody for Implementing Tezos [XTZ]

Binance Exchange has announced the addition of Tezos (XTZ) to its staking feature on the Trust Wallet. Recently, Coinbase Custody, a subsidiary of Coinbase also enabled staking for institutional investors. The first crypto of choice for Coinbase Custody was Tezos.
The other cryptocurrencies which can be staked on the Binance’s Trust Wallet are VeChain, Callisto and TomoChain.
Binance sent a tweet on 3rd April, 2019.
#Binance‘s official crypto wallet @TrustWalletApp announced support for @tezos $XTZ with staking set to launch in Q2.
A Multi-Purpose Wallet
The Trust Wallet is one of the most advanced cryptocurrency wallets with a plethora of features. Trust Wallet will be the core Wallet of the Binance DEX. It also has a built-in Dapps (Decentralized Applications) Web3 browser can be used to access Dapps.
Staking or forging is essentially purchasing voting or validating rights on the network. The cryptocurrencies are stored as custody for authentically authenticating the transactions on the system. In return, the forgers or nodes on the network are rewarded with the newly generated currencies after the confirmation or formation of a block.
Tezos (XTZ) Price to get another Push?
Tezos (XTZ) was trading 50% higher since the beginning of the year after Coinbase Custody announced the addition of Tezos along with the staking of the dPoS (Delegated Proof of System) token as well.
According to the update,
In addition, the crypto wallet app is preparing for the addition of native support for staking in the Tezos on-chain governance mechanism.
However, Tezos (XTZ) had maintained stability in terms of USD in the past two days when the majority of the cryptocurrencies showed a massive rise. The price of Tezos at 16: 00 hours UTC on 3rd March 2019 was trading at $1.01. Tezos is currently ranked 20th on Coinmarketcap w.r.t total market capitalization of cryptocurrencies.
Moreover, increased staking without the adequate volume of transactions on the network would hurt the price of the cryptocurrency as well. Nevertheless, the cryptocurrency markets seem to have turned towards the bullish side. Hence, staking the coins might yield the easiest and the most profitable long term investment on an asset.
The post Binance’s Trust Wallet Follows Coinbase Custody for Implementing Tezos [XTZ] appeared first on Coingape.
Source: CoinGape

Binance Ranked First in Exchange Rankings Report, Easily Surpassed Okex, Huobi and Others

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Binance Ranked First in Exchange Rankings Report, Easily Surpassed Okex, Huobi and Others

The 24-hour volume at Binance tops over $1 billion with more than 160,000 24-hour web users.

Binance Ranked First in Exchange Rankings Report, Easily Surpassed Okex, Huobi and Others

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Source: CoinSpeaker