Leverage trading has become increasingly popular in the cryptocurrency market, offering traders the opportunity to amplify their gains. However, Coinbase International Exchange recently announced that it has set leverage limits to 10X on its perpetual future contracts, highlighting the potential risks associated with high leverage trading. This article will explore the implications of these leverage
Exchanges
In the world of cryptocurrency trading, exchange balance data holds great importance as it reflects investor behavior and sentiment. This crucial metric provides insights into whether investors are storing their Bitcoin holdings off-exchange, indicating a bullish sentiment, or keeping them on exchanges for potential sale or trade, which is often seen as a bearish indicator.
In a surprising turn of events, Solana (SOL) has garnered significant attention from crypto traders, surpassing Bitcoin (BTC) and Ethereum (ETH) in trading volume on major centralized exchanges. This milestone was first pointed out by Conor Grogan, a director at Coinbase, who noted that SOL had witnessed more trading activity than the combined trading volume
Coinbase, one of the largest cryptocurrency exchanges in the world, has recently made a significant move by registering to provide cryptocurrency services in France. This announcement was made on December 21, signaling Coinbase’s expansion efforts and its commitment to offering its services to a global audience. In a blog post accompanying the announcement, Coinbase revealed
Former FTX CEO Sam Bankman-Fried has been denied his request for an adjourned sentencing hearing, according to a recent court filing. Bankman-Fried’s legal team had requested a delay of four to six weeks, pushing the sentencing date into May 2024. However, Judge Lewis Kaplan denied the request, stating that Bankman-Fried had already been granted one
In the fast-growing world of cryptocurrency, ensuring the security of customer assets is of paramount importance. One way in which exchanges aim to provide transparency and reassure their users is through proof-of-reserves (PoR) reports. Dubai-based Bybit, the world’s third-largest crypto exchange by volume, has recently set a new benchmark in the cryptocurrency market with its
FTX Trading Ltd. made a significant announcement on December 19, disclosing that it had reached a settlement with its Bahamas-based subsidiary, FTX Digital Markets. This development is a crucial step towards resolving the challenges that arose from the collapse of the FTX group in November 2022. The settlement is contingent upon approval from both the
In a surprising turn of events, the trading volume of decentralized exchanges (DEX) on Solana surpassed that of Ethereum for the first time on December 16th. According to data from DeFillama, Solana’s DEXs recorded a trading volume of $1.536 billion, while Ethereum lagged behind at only $1.164 billion during the same period. This milestone was
FTX Debtors recently submitted an amended Chapter 11 reorganization plan that paints a bleak picture for the defunct crypto exchange’s creditors. The proposed plan evaluates the value of creditors’ claims based on cryptocurrency prices from November 11, 2022, the day FTX filed for bankruptcy. Unfortunately, this date coincides with a severe dropdown in the crypto
FTX Debtors recently submitted an amended Chapter 11 reorganization plan, which has the potential to lead to substantial losses for the creditors of the now-defunct cryptocurrency exchange. The plan proposes valuing the creditors’ claims based on the cryptocurrency prices on November 11, 2022, the day FTX filed for bankruptcy. Unfortunately for the creditors, this date