In spite of the 2018 downfall in the cryptocurrency market, blockchain technology is still a prominent investment opportunity for anyone with a sheer understanding of blockchain innovations. The current bear market is by no chance reflecting the actual view of institutional investors. An early 2019 survey on the amount of investment capital being poured into the crypto market is on the uprise, despite contrary predicuprise.
Kraken Acquires UK Crypto Futures Exchange, Huobi extends BSV support to Japan and Korea, New Zealand Police Say Cryptopia Is Ready to Resume Trading, Bithumb to launch a new crypto exchange in UAE, Coinbase Launches PayPal Withdrawal Support for EU Users.
Digital Currency Exchange: Resistance, announced a strategic partnership with Huobi. Resistance is a cryptocurrency exchange aimed at tackling liquidity problems faced by DEX.
Retail investors may have felt the heat in 2018, as did the whole cryptocurrency industry, but exchanges have come on top closing the year with record transacting volumes. And while commissions have entered a lower ticket, trade count have remained healthy.
Shrimpy wanted to build the most robust portfolio management backtest tool for cryptocurrency institutions. A service in which imprecise data leads to incorrect decisions and a loss of money. The company expanded its backtesting infrastructure by integrating the CoinAPI data APIs. This increased the backtesting precision, dataset completeness, and exchange coverage that could be provided by the Shrimpy backtesting tools.
Coinbase customers can now link their PayPal and Coinbase accounts.
Despite cryptocurrency prices having plunged 80-95% from the start of the year, traders aren’t taking a punt on the bargain. Token volumes have plummeted across major exchanges with 60% of listed cryptocurrencies trading below January levels. Order books are now filled to the brim on the sell side with November, to date, seeing an acceleration in depreciating volumes.
Cryptocurrency exchanges, both centralized and decenatralized, have now breached the $1Bn mark in funding. Last week saw Coinbase’s total capital raised soar past $500Mn having successfully cornered over a third of US market trading volume this year nearing $220Bn from exchanges with fiat on-ramps. Backers though will now want to see more increased trading activity, the primary income source.
Over 50% of traded volumes on cryptocurrency markets revolve around the majors, Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin. However, the market downfall is taking major US exchanges in its wake. Traded volumes on Coinbase, Bitstamp and Kraken have seen steep declines. Meanwhile, token exchanges outside the US, that have lax regulator scrutiny, are now seeing an increase in traded volume with the majors.