EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Trading On Major Exchanges Spiked Following The collapse of Terra, FTX

Admin by Admin
February 22, 2023
in Crypto News
0
FTX Gets Court Approval To Sell Crypto Holdings
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
Event Event

Binance, FTX and Coinbase probably cashed out at the expense of smaller holders by reducing their BTC stockpiles as retail investors bought.

Trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Lab.

In contrast, the BIS reported that whales at the aforementioned exchanges probably cashed out at the expense of smaller holders by reducing their BTC stockpiles as retail investors bought crypto. The bank said analysts had looked at the number of downloads of crypto investment apps, noting that roughly 75% of users had downloaded an app when BTC was more than $20,000 and assuming each user bought $100 in BTC the first month and each subsequent month.

“Data on major crypto trading platforms over August 2015–December 2022 show that a majority of crypto app users in nearly all economies made losses on their bitcoin holdings,” says the BIS report. “The median investor would have lost $431 by December 2022, corresponding to almost half of their total $900 in funds invested since downloading the app.” The bank adds:

The market crash of 2022 has had industry leaders and regulators speak out on various concerns, from the lack of oversight at a major exchange like FTX to how the crypto market could grow to have the potential to impact traditional financial markets. In the United States, several bankruptcy cases are underway for firms including FTX, Celsius Network and Voyager Digital, while authorities have been moving forward with criminal charges against former FTX CEO Sam Bankman-Fried.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptoFTXmajor exchangesTerra
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Hong Kong Crypto: Will Beijing Relax Its Crypto Ban?

Next Post

Some FTX Customers Can Withdraw Their Money In Japan

Admin

Admin

Next Post
Some FTX Customers Can Withdraw Their Money In Japan

Some FTX Customers Can Withdraw Their Money In Japan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Refocuses Efforts For Belgian Clients

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

September 23, 2023
XRP Holder’s Lawyer Finally Breaks Silence On His 3 Big Announcements

XRP Price Prediction: Is This Bear Flag Pattern A Threat To Ripple’s Victory Party Rally?

September 22, 2023
Cryptocurrency Misuse Cases In Latin America

Cryptocurrency Misuse Cases In Latin America

September 22, 2023
TopHash Aims To Simplify Cloud Mining Access

TopHash Aims To Simplify Cloud Mining Access

September 22, 2023

Recent News

Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

September 23, 2023
XRP Holder’s Lawyer Finally Breaks Silence On His 3 Big Announcements

XRP Price Prediction: Is This Bear Flag Pattern A Threat To Ripple’s Victory Party Rally?

September 22, 2023
Cryptocurrency Misuse Cases In Latin America

Cryptocurrency Misuse Cases In Latin America

September 22, 2023
TopHash Aims To Simplify Cloud Mining Access

TopHash Aims To Simplify Cloud Mining Access

September 22, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court

September 23, 2023
XRP Holder’s Lawyer Finally Breaks Silence On His 3 Big Announcements

XRP Price Prediction: Is This Bear Flag Pattern A Threat To Ripple’s Victory Party Rally?

September 22, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>