NFT News Official TheBitTimes.com

Coinbase crypto exchange has been removing dozens of trading pairs in an effort to improve liquidity on its platforms. The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs including the pairs with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to improve “overall market health and consolidate liquidity.” The trading pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime at 19:30 UTC on Oct. 16. 80 non-USD trading pairs that were removed from Coinbase on Oct. 16. Source: Coinbase Status The latest trading pairs’ removals on Coinbase come in line with the exchange’s plans to suspend the markets announced in early October. Coinbase emphasized that users of the affected ...

Crypto's liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex. Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex.  The analysis is based on the aggregate realized value metric, which measures the realized capital of Bitcoin (BTC) and Ether (ETH) with the combined supply from the top five stablecoins Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). "A deep dive into the data reveals a prevailing trend: by early August, the industry had begun to experience capital outflows," notes the report. According to this metric, about $55 billion was drained from the crypto market s over the past month. Capital outflows did not just affect Bitcoin but also impacted Ether and stablecoin liquidity . Bitfinex said: "August was the largest red monthly candle for BTC since the bear market bot...

Osmosis’ community governance has successfully authorized the deployment of supercharged liquidity pools, meant to give liquidity providers the ability to concentrate their liquidity within a specific range of assets. Concentrated liquidity pools can help users specify their positions, giving them the opportunity to gain more rewards. “Incentives are now based on the actual usage of the liquidity rather than spread evenly across all liquidity,” a proposal that outlined the implementation of supercharged liquidity pools wrote.  The proposal passed with over 96% of Osmosis community members voting in favor of implementing the pools , with less than 4% of voters choosing to abstain. As part of the v16 upgrade, the community will deploy a DAI/OSMO supercharged pool linked to the classic Pool 674. The creation of any new pools and existing pools that want to migrate to a supercharged liquidity pool must go through a governance process.  This will be necessary until all classic ...

In a recent statement, BitMEX CEO Stephan Lutz expressed his belief that crypto exchanges can operate without internal market makers, citing concerns raised by the revelation that Crypto.com has internal trading teams engaged in crypto trading activities. The disclosure has sparked apprehension regarding a potential conflict of interest at Crypto.com. Growing presence of external liquidity providers According to BitMEX CEO Stephan Lutz, the presence of high-frequency traders (HFTs) and proprietary trading firms in the cryptocurrency industry can effectively replace the role of internal market-making teams. Lutz believes that these external entities are capable of ensuring liquidity and bridging the gap between buyers and sellers during imbalances in the market. Lutz further highlighted that BitMEX itself had previously operated an internal trading entity called Arrakis Capital, serving as a major internal market maker.  You might also like: Raoul Pal predicts ‘exponential ...