OKX

Bitcoin Falls Below $66K, Leads to $483M in Crypto Liquidations
Bitcoin

Bitcoin Falls Below $66K, Leads to $483M in Crypto Liquidations

Bitcoin (BTC) fell 5% to $65,970 from $69,450 in less than 30 minutes in the early hours of April 2 UTC. This marks a 10.60% drop from its peak of $73,798 reached in mid-March.  The price drop triggered a massive liquidation of over $483 million worth of leveraged crypto positions on centralized exchanges (CEXs) in […]

Apr. 2, 2024
Bitcoin Price Slumps To $64K, Liquidations Tops $659M
Bitcoin

Bitcoin Price Slumps To $64K, Liquidations Tops $659M

The price of Bitcoin (BTC) faced a deep correction from its all-time highs during early-day trading on Tuesday. At the time of writing, the largest cryptocurrency by market cap was trading at $63,100, down nearly 7.51% over the past 24 hours. The price drop sparked massive liquidations of leveraged crypto positions worth over $659 million […]

Mar. 19, 2024
Binance’s $10 Billion VC Arm Goes Independent: Report
Crypto

Binance’s $10 Billion VC Arm Goes Independent: Report

In a major shakeup, Binance spun off its massive $10 billion venture capital arm earlier this year. This investment division, known as Binance Labs, is no longer part of the wider Binance Group. However, it has been authorized to continue using the prestigious exchange brand name. Let’s take a closer look at the details. According […]

Mar. 16, 2024
Binance Holds 43.7% Market Share Despite Regulatory Challenges
Crypto

Binance Holds 43.7% Market Share Despite Regulatory Challenges

Binance maintained the largest centralized exchange (CEX), with a market share of 43.7%, according to data from  CoinGecko. Spot trading volume on Binance soared to $427.1 billion in December 2023, a month-on-month (MoM) hike of 37.5% from the $310.6 billion recorded in November 2023. The research analyzed data from January 1, 2023, to December 31, 2023. It […]

Jan. 31, 2024
Binance’s 2023 Market Shift: 5% Drop In Share & Crypto Dynamics
Crypto

Binance’s 2023 Market Shift: 5% Drop In Share & Crypto Dynamics

In a year marked by regulatory challenges and market fluctuations, Binance, once the undisputed leader in the cryptocurrency exchange space, has seen a notable decline in its market share. According to a recent report from TokenInsight, Binance’s market share dropped from 54.2% at the beginning of the year to 48.7% by the end of 2023. The report […]

Jan. 18, 2024
OKX Launches Crypto Exchange And Web3 Wallet In Brazil
Crypto

OKX Launches Crypto Exchange And Web3 Wallet In Brazil

Global web3 technology company OKX has launched its crypto exchange and Web3 wallet platform in Brazil, aiming to provide Brazilian users with a secure gateway to decentralized finance (DeFi) and crypto trading. The move comes as the South American nation continues to make significant progress in crypto adoption and cements itself as one of the […]

Nov. 28, 2023
Avalanche Expands In India, Hires Talents From OKX And Polygon
Blockchain

Avalanche Expands In India, Hires Talents From OKX And Polygon

Ava Labs, the main developer of the Avalanche blockchain, intends to collaborate with Indian institutions and government agencies to expand its operations and help build applications on Avalanche (AVA). As a part of its expansion plans, the company has hired Devika Mittal of OKX and Kamakshi Arjun of Polygon as head of India and business […]

Oct. 19, 2023
Dubai Suspends Crypto Exchange BitOasis’ License
Crypto

Dubai Suspends Crypto Exchange BitOasis’ License

Dubai’s Virtual Assets Regulatory Authority (VARA) sent a market alert on July 10. The notice states crypto exchange BitOasis did not fulfil the mandate conditions in the timeframe set out by VARA. However, the regulator has taken enforcement action against the exchange. It suspended the exchange’s MVP license.  Meanwhile, VARA has not disclosed those requirements. […]

Jul. 11, 2023