Altcoin News Daily Official TheBitTimes.com

A new Ethereum (ETH)-based layer-2 project is debuting with a fully diluted value (FDV) of more than $7.7 billion amid support from leading crypto exchanges. According to a new announcement, top crypto exchange Binance is supporting Movement (MOVE) through its airdrop portal. After the airdrop, MOVE will be available to trade in the MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs. Binance is attaching a seed tag to MOVE, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. Korean crypto exchange Upbit has also announced trading support for MOVE. Hours after launch, MOVE is trading for $0.77 at time of writing, up 13.8% since going live. With a market cap of $1.7 billion, MOVE is the 86th largest crypto project. The projec...

CCData, a global data provider, released a new report on cryptocurrency exchanges’ performance for July. The report analyzes the performance of the main cryptocurrency exchange s in the crypto industry in different market segments like spot and derivatives trading. According to the report, centralized exchanges have shown the lowest trading volume in the markets since 2021. The trading volume for the derivatives and spot markets went down to $2.36 trillion, falling by 12%. Binance keeps leading the market According to the report, Binance is leading the derivatives cryptocurrency exchanges, being the number one exchange as per trading market volume. In July, the company had a monthly trading volume of $1.06 trillion (down 12.25% compared to June). OKX falls in second place with ($355 billion, down 13.1%) and Bybit ($215 billion, down 11.6%). Bitget and BitMEX saw good performance in the derivatives markets, showing a minimal decline of 6.97% and 7.92%, respectively. Upbit ...