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Singapore opens the door to a shrinking market

Interest in the market can still be gauged by measuring the largest trading pairs between the world’s sovereign currencies and largest stablecoins. If, for example, one of the top fiat trading pairs for Tether — the world’s largest dollar-pegged token — is the Singaporean dollar, it would be fair to deduce that traders from the city state represent one of the stablecoin’s most popular markets.

But, according to numbers provided by industry data platform CCData, the top five trading pairs for Tether’s USDT token are the US dollar and the euro, followed by the Turkish lira, Thai baht and the British pound.

  • November 17, 2023
  • Financial Times

Press Releases

FTX Aftermath Spurs Elevated Standards in Cryptocurrency Exchanges

  • November 1, 2023
CCData is proud to announce the release of its October Exchange Benchmark. The Exchange Benchmark has become the industry standard for assessing the risk associated with digital asset exchanges since launching in 2019.
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CCData Achieves UK Accredited ISO 27001 Certification 

  • September 28, 2023
CCData, the leading provider of digital asset data and index solutions, today announced that it has successfully been granted a UK accredited ISO 27001 certification.
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CCDAS, London’s Flagship Institutional Digital Asset Summit, Returns to London October 2-3

  • September 12, 2023
London, UK – The leading institutional summit for digital assets, CCDAS, will make its return to London on October 2-3. This two-day event, which features an exclusive VIP evening on October 2, followed by the summit on October 3, brings together influential decision-makers from the traditional finance and cryptocurrency sectors to foster the understanding and adoption of digital assets.
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FactSet and CCData Announce Strategic Collaboration for Enhanced Digital Asset Data Integration

  • September 7, 2023
FactSet, a global financial digital platform and enterprise solutions provider, and CCData, the global leader in digital asset data and index solutions, have announced a strategic collaboration to advance their digital financial offerings, addressing the growing demand for high-quality digital asset data in the financial sector.
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News

Binance’s Changpeng Zhao Clings To Multibillion-Dollar Fortune After Guilty Plea

  • November 22, 2023
  • Forbes

Whether Binance is able to maintain its market share as a cryptocurrency exchange will determine the direction of Zhao’s fortune. Binance facilitated 32% of spot trades and 50% of derivatives trades in October, according to a report from CCData – though its share in spot markets has declined for eight consecutive months, per the report.

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2 of Crypto’s Biggest Names Are Felons. What It Means for Coinbase

  • November 22, 2023
  • Barron's

Binance has been losing market share for months—recording the biggest drop in market share for derivatives, its bread and butter, among any major exchange last month, according to analytics group CCData—and that could continue.

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Binance saw $800 million in outflows after news broke of Changpeng Zhao’s plea deal. Experts say it could have been much worse

  • November 22, 2023
  • Fortune

About $800 million worth of Bitcoin, Ether, and the USDT and USDC stablecoins were withdrawn from the crypto exchange after news of the agreement initially broke on Tuesday, according to digital asset data and index provider CCData. The outflows can be explained in part by investors concerned about impending regulatory requirements Binance will be subject to per its agreement with prosecutors, or from institutional investors moving money elsewhere to save face, said CCData research lead Josh de Vos.

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Binance Pleads Guilty, Loses CZ, Pays Fines to End Legal Woes

  • November 21, 2023
  • Bloomberg

Binance, which exploded onto the crypto scene in 2017 and almost immediately took on and surpassed larger rivals, saw its market share surge to more than 60% worldwide after the fall of FTX in November 2022. Since then, its combined market share for spot crypto and derivatives has declined to less than 44% this month, according to researcher CCData.

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CEO of world’s largest crypto exchange pleads guilty and agrees to $50-million fine

  • November 21, 2023
  • Los Angeles Times

Binance, which exploded onto the crypto scene in 2017 and almost immediately took on and surpassed larger rivals, saw its market share surge to more than 60% worldwide after the fall of FTX in November 2022. Since then, its combined market share for spot crypto and derivatives has declined to less than 44% this month, according to researcher CCData.

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