Cryptocurrency News TheBitTimes.com

Binance’s market share in non -dollar crypto exchanges has declined by nearly 25% since the beginning of 2023. According to data, the projected market share for Binance in September 2023 will be 50.76%. Market share fell sharply in April before briefly recovering in June. It has since continued contracting. Source: The Block “Binance finished 2022 with a 75% market share among a group of platforms that also includes major Asian players like Upbit, Huobi, Bybit and OKX — but that figure declined steadily throughout the year, hitting 54% in August.” The Block In March 2023, Binance’s trading volume was $556.36 billion but fell to $192.12 billion by August. Analysts predict trading volumes to contract in September. Binance’s removal of zero fees for popular trading pairs may negatively impact activity and, thus, volume. You might also like: Binance’s Bitcoin volume plummets after end of zero-commission trading With Bi...

Australian crypto exchange Independent Reserve forms a strategic alliance with PayPal, offering users enhanced funding options amidst increasing local bank restrictions. The Australian cryptocurrency exchange Independent Reserve has closed a partnership with PayPal. The partnership will allow crypto exchange customers to fund their wallets using PayPal. It will also support users looking to buy crypto currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).  PayPal will bring two new solutions for the crypto currency exchange , such as a fiat on-ramp and withdrawal option support. You might also like: PayPal launches USDC competitor, investors bullish on this new project presale in 2023 Peter Cowan, managing director of PayPal Australia, stated in an interview with Financial Review, “Money is digitizing, and blockchain and digital currency are part of that.” So building bridges between the old fiat world and the digital world is important. Our globa...

Join Our Telegram channel to stay up to date on breaking news coverage As crypto adoption continues to speed up, regulators and central banks around the world are becoming stricter about which virtual asset providers are allowed to offer services in their jurisdictions. Meanwhile, it is in the exchange s’ interest to expand to as many areas as possible, but in order to do that, they must now seek authorization from the local authorities. This is why Kraken, a major US crypto exchange, made headlines, as it just received authorization from the central bank of Ireland. Kraken’s Irish subsidiary, Payward Europe Solutions, was awarded a VASP (Virtual Asset Service Provider) authorization from Ireland’s central bank on Tuesday, April 18th. 📣 We’re pleased to announce that Kraken has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP), affirming our commitment to helping drive crypto adoption in E...