Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry's primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the most common stablecoin and the liquidity providers who supply it to cryptocurrency platforms. According to the report, issued USDT is primarily acquired by just two market makers. Between 2014 and October 2021, Alameda Research and Cumberland received a projected $60.3 billion in USDT, accounting …
At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively. #PeckShieldAlert 2 Dormant addresses transferred …
Investors continue to pour capital heavily into the cryptocurrency space. Despite the influx of new investments, those new to cryptocurrency trading still face major barriers to entry: from thousands of tokens and exchanges to confusing and expensive interfaces. With the crypto market functioning 24/7, it is also crucial for investors to understand and be aware of what is happening on the markets at all times. For these reasons, manually tracking a portfolio can be time-consuming and complex. Decentralized finance (DeFi) trading platforms arose to make life easier for traders by allowing users to manage their portfolios and track multiple exchanges …
Which firms offer high-frequency trading for cryptocurrency? While still in its infancy, a few traditional HFT firms have begun offering digital assets to their clients. Even more, at least one cryptocurrency exchange is giving users the tools they need to get started. In recent years, multiple traditional HFT firms have begun to get involved in decentralized assets. The biggest one is Cumberland Mining, a subsidiary of Chicago-based firm DRW. Other institutional companies getting involved include Jump Trading, DV Trading and Hehmeyer Trading. That being said, currently, there are not too many cryptocurrency exchanges that have the speed or tools built …
A new blockchain asset trading platform says it is determined to help investors navigate the “bearish” cryptocurrency market – and says options could enable traders to protect and grow their assets. Options are a form of financial derivative where buyers have a right to buy or sell a financial asset at an agreed-upon price for a set amount of time. However, as part of these contracts, they are not obligated to complete a transaction. According to JEX, the platform which is bringing options trading to the cryptocurrency world, this method helps investors to limit their losses while maximizing their potential …