Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,778.28 yesterday at 5 pm (GMT) and has since dropped 3.34%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $5,289 representing a loss of 0.51% in the last 24 hours. More than $130M worth of BTC were exchanged in the BTC/USD market representing a 7.15% share of the global daily volume. The pair with most volume was the BTC/USDT with an 83.4% share.

The Ethereum price has dropped 0.66% over the past 24 hours and is currently sitting at $170.6, with over $60M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 4.3% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 52.6% share.

See live charts here and here

OKEx Bitcoin Derivatives Trading Volume Highest in March

Even before the April breakout of Bitcoin (BTC), derivative Bitcoin markets saw strong volume during the month of March. According to CryptoCompare’s most recent exchange review, OKEx exchange traded $1.5 billion in average daily bitcoin derivative volume.

Read more here

Japanese Exchange Zaif to Resume Activity Seven Months After Hack

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective today and that normal activity will resume on the next day, according to a report by Cointelegraph Japan.

Bitcoin (BTC), Bitcoin Cash (BCH), and Monacoin (MONA) were stolen from the exchange in a hack September last year, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.8 million). With the acquisition, which is a part of the user compensation plan, FDAG provided financial support of 5 billion yen (over $44.6 million) to Tech Bureau and acquired a majority of the company’s shares.

Read more here

Crypto Exchange Poloniex Adds Support for USDT on Tron Blockchain

Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron (TRX) blockchain, according to an announcement published last Friday.

Poloniex said in the announcement that its decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support both versions, Poloniex will be converting a percentage of Tether currently on the Omni blockchain to Tether on the Tron blockchain.

Read more here

OKEx Market Maker Program Recruiting

In order to bring about fairer prices, market stability, quick exchanges and improve market efficiency. OKEx has launched its market maker program officially.

Now, OKEx is looking for professional traders to be its liquidity provider under this program who can benefit from the most competitive fee schedule in spot, margin, futures, and perpetual swap markets.

Requirements of being part of OKEx MM Program?

• Crypto trader with total assets of >= 20 BTC or equivalent

The privilege of being part of OKEx MM Program?

• Lower transaction fee：Market maker account can enjoy 0% maker fee and better taker fee
• Less strict requirements for the applicant, 20btc is eligible to apply
• Multiple asset options
• One-On-One exclusive services

How to apply?

• We only accept market maker applications by email. 

Join us! Applying via Email to mmcorporate@okex.com

For more details, please refer to the official announcement here