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The exchange's share in crypto spot trading was slashed by one-third over the past year. Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy," researchers wrote, "Most popular coins experienced a downturn immediately after being listed on Binance." At the same time, Korean crypto exchange Upbit saw the most significant increase, with its spot market share increasing from 5% to 15.3% during the same period. When all crypto trading volumes, including both spot and derivatives, are included, Binance's market share came at 51.2% in October 2023. This was followed by OKX (13.4%), Bybit (9.6%), Bitget (7.0%), and MEXC Global (6....

The cryptocurrency market is again heating up, led by Bitcoin (BTC), after the flagship digital asset reclaimed the $35,000 mark. As the short-term gains progress, there remains widespread uncertainty regarding the sustainability of the rally, with some market participants anticipating a continuation while others foresee a correction. With Bitcoin rallying, attention has also turned to altcoins and their ability to emulate the largest cryptocurrency by market capitalization. Notably, several altcoins have been rallying, presenting an opportunity for investors to capitalize on in the future. In this context, cryptocurrency trader and analyst Michaël van de Poppe, in a YouTube video on November 5, identified the following altcoins to consider buying as the markets heat up. Chainlink (LINK) Poppe pointed out the need to buy Chainlink (LINK) based on the token’s historical price movement. He emphasized that LINK historically correlates with Bitcoin, meaning the asset classes t...

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading among Bitcoin users. Peer-to-peer (P2P) Bitcoin (BTC) marketplace s remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful’s Ray Youssef. Youssef, alongside Nicolas Gregory and Antoine Riard, is driving the development of Civ Kit, a P2P marketplace that will leverage the technology of Nostr and the Lightning Network to power a decentralized platform allowing censorship resistance and permissionless trading among peers. Youssef spoke exclusively to Cointelegraph’s Joe Hall at the Surfin’ Bitcoin conference hosted in Biarritz, France about the in-development project that is aiming for an alpha release toward the end of 2023. According to the white paper co-authored by Youssef, Gregory and Riard, the Civ Kit system will use the Nostr protocol for its P2P order book and...

Ripple (XRP), Litecoin (LTC) and Stellar (XLM) gained bullish momentum over the past 24 hours as the global crypto market cap turned green after last week’s “bloodbath.” According to data from Santiment, the social volumes of LTC, XRP and XLM have skyrocketed over the past 24 hours. This led to short-term gains for the three cryptocurrencies, leading the top altcoins. After # crypto market caps dropped sector-wide last week, several #altcoins are scratching their way back, particularly $LTC, $XRP, & $XLM. With market value to realized value metrics continuing to show traders are down big, don't be surprised if the trend continues this week. pic.twitter.com/cX8q9Tcu7B — Santiment (@santimentfeed) August 21, 2023 Moreover, the brief rally came while the global crypto market capitalization registered a 0.3% gain over the past day. According to CoinMarketCap (CMC), the total market cap rose from $1.05 trillion on Aug. 20 to $1.06 trillion at the time of writing. ...