follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Centralized Exchange Volume Plunges, Decentralization Takes Center Stage.  (Read 1046 times)

Offline Coinpedia Fintech News

  • Full Member
  • *
  • Activity: 205
  • points:
    16896
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 11, 2023, 05:57:18 PM
    • View Profile

  • Total Badges: 8
    Badges: (View All)
    Signature 100 Posts 50 Posts
The cryptocurrency market witnessed a significant shift in May 2023 as centralised exchanges experienced a remarkable decline in trading volume. Data from The Block reveals that volume reached its lowest point since October 2020, plummeting by a staggering 27%, or $440 billion, compared to the previous month.

What is the reason? How will this impact you, the investor? We have covered it all. Read on at Coinpedia for all the details!

Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World.

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


Offline Orange89

  • Full Member
  • *
  • Activity: 227
  • points:
    8890
  • Karma: 2
  • Coinomize.biz
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: January 04, 2024, 10:40:40 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
I believe all these is due to fud created in the Market about Centralized exchange started with ftx last year
we can't guess which exchange gonna shut next like Recently their are a lot of rumours about Mexc as well as hotbit
Each day their some or other Country Possing some type of regulation somehow or other effecting the Volume of Exchange
Yes Decentralised  is safest option and community is also ready to give fees if it help them to hide their identity But In past decentralized is Also got Compromised so for crypto invest what you afford to lose
From last 3-4 Year we can crypto community grow really fast but i belive scams and exchange shutdown will effect the Trust 😌

Online tsakf

  • Hero Member
  • *
  • Activity: 834
  • points:
    6878
  • Karma: 6
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 06:44:54 AM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
This is nice! Decentralized crypto, finds it's place. Decentralized exchanges.

Offline Rembroman

  • Member
  • *
  • Activity: 91
  • points:
    4036
  • Karma: -1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 24, 2024, 11:35:37 AM
    • View Profile

  • Total Badges: 5
    Badges: (View All)
    Topic Starter 50 Posts 10 Posts
The market is not stable as usual, at the moment I prefer TFS token, they are having a good upswing right now

Offline DominionAJ

  • Baby Steps
  • *
  • Activity: 28
  • points:
    1229
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: September 20, 2023, 12:25:06 PM
    • View Profile

  • Total Badges: 5
    Badges: (View All)
    10 Posts Search Topic Starter
I believe all these is due to fud created in the Market about Centralized exchange started with ftx last year
we can't guess which exchange gonna shut next like Recently their are a lot of rumours about Mexc as well as hotbit
Each day their some or other Country Possing some type of regulation somehow or other effecting the Volume of Exchange
Yes Decentralised  is safest option and community is also ready to give fees if it help them to hide their identity But In past decentralized is Also got Compromised so for crypto invest what you afford to lose
From last 3-4 Year we can crypto community grow really fast but i belive scams and exchange shutdown will effect the Trust 😌

I love the points you highlighted, the fud started with the issue of FTX though I equally feel centralized exchanges also have their own part to play in this, since they’re aware of the fud is it not better to make the proof of reserve known. Some times it’s better to give clarity to users in a situation of uncertainty than to keep things to theirselves. Last Binance and Bitget got their proof of reserve declared to the public of which it has given the two exchanges so much credibility till today.




 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod