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Crypto Exchanges Experience Plunge in Spot Trading Volume, Layer 2 Tokens Underperform in Q2 2023

July 4 (Cointime) - According to a new report from Kaiko, the spot trading volume of major centralized cryptocurrency exchanges, including Binance, Coinbase, Kraken, and OKX, plummeted in Q2 2023, with Binance suffering the most with a 70% drop in aggregated spot trading volume across all pairs.

Binance's Spot Trading Volume Drops Nearly 70% in Q2 Amid Regulatory Pressure and Fee Reintroduction

July 4 (Cointime) - Binance's spot trading volume dropped by almost 70% in Q2 after the exchange reintroduced fees for its most liquid Bitcoin pairs, according to data from Kaiko. The decline was not limited to Binance alone, as spot trading activities on other exchanges such as Coinbase, Kraken, OKX, and Huobi fell by more than 50% during this period.

Binance announces the appointment appointment of Min Lin as Head of Latin America

July 3 (Cointime) - Binance, the world's leading blockchain and cryptocurrency infrastructure provider, is delighted to announce the appointment of Min Lin as Head of Latin America. 

Binance Convert Adds PENDLE

July 3 (Cointime) - Binance announces that PENDLE has been added to Binance Convert. Users can now trade PENDLE against BTC, USDT and any other tokens supported by Binance Convert at zero fees.

Binance : Notice of Removal of Trading Pairs - 2023-07-05

July 3 (Cointime) -Binance will remove and cease trading on the following spot trading pairs at 2023-07-05 03:00 (UTC):Spot Pairs: POWR/BUSD, QKC/BUSD, SC/BUSD, STEEM/BUSD.

VeChain (VET) Adoption Grows with Coinbase and Binance Listings and New Mobile Wallet UI

July 3 (Cointime) - The adoption of Vechain (VET) has seen significant growth with recent developments. Coinbase announced in June that it would list VET and VeThor (VTHO) on its platform, while Binance added VET to its list of 10 cryptocurrencies that can be traded directly against USD and USDT.

Pendle Will Be Launched in the Innovation Zone at 07–04 18:00 Beijing Time and Open Trading Pairs

July 3 (Cointime) - Binance will list Pendle (PENDLE) on the innovation zone and open the following trading pairs: PENDLE/BTC, PENDLE/USDT, PENDLE/TUSD. Users can start depositing PENDLE for transaction preparation, and the withdrawal will open at 18:00 Beijing time on 2023-07-04. Additionally, Binance will add PENDLE as a loanable asset within 48 hours and launch a new leveraged trading pair for Isolated Margin: PENDLE/USDT.

Binance Adds MAV on Cross Margin & Isolated Margin

July 3 (Cointime) - Binance has added MAV as a new borrowable asset on Cross Margin and Isolated Margin.

Data: A Giant Whale Deposited 4.62 Million RDNT in Binance Today, or About $1.4 Million

July 3 (Cointime) -According to Lookonchain monitoring, a giant whale deposited 4.62 million RDNT (approximately US$1.4 million) into Binance today. In the past two months, the giant whale spent 1.55 million USDC to buy 4.62 million RDNT on the DEX aggregator ODOS, with an average purchase price of $0.3353. If he sold, he would lose about $157,000.

Binance's $16 Million Litecoin Transfer Triggers Speculation and Discussion in Crypto Community

July 3 (Cointime) - Binance's recent transfer of 144,396 Litecoin (LTC), worth a staggering $16,053,446, has raised eyebrows and triggered speculation about its motive and destination in the crypto community. The unexpected transaction has left experts and enthusiasts eager to uncover the purpose behind this significant movement of funds, and a wave of discussion and speculation has engulfed the cryptocurrency space.