Comprehensive analysis of the most impactful events shaping the digital asset sector, powered by our market-leading data.
The Exchange Benchmark is CCData’s flagship research report, established in 2019 to bring clarity and accountability to a complex and rapidly evolving market. Since launching, it has become the industry standard for evaluating exchanges.
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In this week’s Market Spotlight, we delve into June’s financial saga, from the FED’s hawkish stance to Blackrock’s Bitcoin ETF application — as traditional finance giants look to enter the crypto scene, shifting market sentiment and trading volumes.
In this week’s Market Spotlight blog, we examine the ongoing U.S. debt ceiling crisis and its impact on the digital asset market, alongside the recent turbulence surrounding Binance and Coinbase following the SEC lawsuit.
In this week’s Market Spotlight blog, we reflect on the current state of the market, the largest beneficiaries from Binance’s recent decline in market share, as well as the assets that have been outperforming the wider digital asset market.
In September, FDUSD, a stablecoin issued by a subsidiary of First Digital Limited, a financial firm headquartered in Hong Kong, experienced a significant increase in trading activity on Binance.This surge in volume coincided with Binance's decision to eliminate trading taker fees for BTC-TUSD pairs and the announcement of the discontinuation of major BUSD pairs on the exchange. Additionally, Binance introduced zero trading fees for BTC-FDUSD spot and margin pairs, further contributing to the rise in FDUSD trading volumes.
Using a 7-day moving average, we observed that the trading volume of BTC-FDUSD witnessed an astonishing 905% growth since the beginning of September (data up till the 25th). In contrast, during the same period, BTC-TUSD and BTC-BUSD experienced declines of 92.3% and 45.7%, respectively.
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