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Last month, Top-Tier cryptocurrency exchanges have seen their trading volumes soar by 58.3%, while Lower-Tier crypto trading platforms saw their volumes increase 30.2% over the same period. Top-Tier trading platforms now represent 64% of the crypto space’s total trading volume.
France-based users of the Just Eat food delivery service, which is similar to Uber Eats and others, can now use bitcoin to pay for food to be delivered at their home.
Popular cryptocurrency exchange Binance has announced the launch of Launchpool, a tool that will allow users to stake their BNB tokens and BUSD stablecoins, as well as the ARPA token, for interest-bearing rewards.
Sponsored: The Crypto.com Exchange has exited public beta on 8 September 2020. To celebrate this milestone, the Crypto.com Exchange is listing BTC on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of BTC at 50% off. The event commenced on Tuesday, 8 September 6:00am UTC on the Crypto.com Exchange.
Top stories in the Crypto Roundup today:
- Top-Tier Cryptocurrency Exchanges Dominated Trading Volumes in August
- Food Delivery Service Just Eat Is Accepting Bitcoin As Payment Method in France
- Binance Launches New DeFi Yield Farming Product
- Sponsored: Crypto.com Exchange is listing BTC at 50% OFF
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Top-Tier Cryptocurrency Exchanges Dominated Trading Volumes in August
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Last month, Top-Tier cryptocurrency exchanges have seen their trading volumes soar by 58.3%, while Lower-Tier crypto trading platforms saw their volumes increase 30.2% over the same period. Top-Tier trading platforms now represent 64% of the crypto space’s total trading volume.
The data comes from CryptoCompare’s August 2020 Exchange Review, with exchange rankings coming from CryptoCompare’s Exchange Benchmark. Top-Tier exchange, those graded AA-BB, traded a total of $529 billion last month, while Lower-Tier exchanges, graded C-E, traded a total of $291 billion.
Trading activity across all spot markets has increased in August compared to July, as the price of bitcoin remained above $11,000 while interest in decentralized finance kept on growing. Exchanges charging traditional taker fees represented 84% of the total exchange volumes in August, while those implementing the controversial trans-fee mining (TFM) model represented less than 16%.
Fee-charging exchanges traded a total of $685 billion in August, while those implementing TFM models traded $125 billion. Out of the top 15 Top-Tier exchanges, Binance, OKEx, and Huobi Global have been dominating the market, representing 74% of the total volume, up from 63% in July.
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Food Delivery Service Just Eat Is Accepting Bitcoin As Payment Method in France
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France-based users of the Just Eat food delivery service, which is similar to Uber Eats and others, can now use bitcoin to pay for food to be delivered at their home.
Just Eat allows customers to order from more than 15,000 restaurants, and was acquired back in February of this year by Takeaway.com. As part of the acquisition, its website was redesigned, and with the redesign new payment methods were included:
“Payment methods have been expanded to include Apple Pay, Google Pay (via our Just Eat app) and Bitcoin, in addition to other payment methods offered by the restaurants (credit card, PayPal, cash, checks or restaurant vouchers).”
Bitcoin payments were added with the help of cryptocurrency payment processor Bitpay.
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Binance Launches New DeFi Yield Farming Product
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Popular cryptocurrency exchange Binance has announced the launch of Launchpool, a tool that will allow users to stake their BNB tokens and BUSD stablecoins, as well as the ARPA token, for interest-bearing rewards.
The first project hosted on Launchpool is the Bella Protocol (BEL), which recently raised $4 million in a seed funding round led by Arrington XRP Capital. BEL aims to fix the complex user experience issued associated with DeFi, such as the need to use different protocols and platforms to search for higher yields.
Users will be able to “farm” by providing liquidity via three separate pools. Binance will list BEL for trading against BNB, BTC, USDT, and BUSD. The news comes shortly after Binance launched a DeFi-like platform allowing trades via an automated market maker exchange.
On Launchpool, Binance is offering BEL rewards at 1% for users staking Arpa, 9% for those staking BUSD, and it claims 90% for those staking its BNB token.
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TRX, UMA, DASH Are Moving the Crypto Market
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There are several tokens leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos who may have higher percentage changes.
- TRON (TRX) – The price of TRON’s TRX moved up 14.39% in the last 24 hours after it was revealed the SUN Market, a decentralized finance initiative on the TRON blockchain, has over 6.7 billion TRX tokens staked on it.
- UMA (UMA) – UMA is a project building “open-source infrastructure for priceless financial contracts on Ethereum” and its UMA token has moved up 13.27% in the last 24 hours to $16.96. Its worth noting it has been dropping from a $27 high.
- Dash (DASH) – DASH, short for digital cash, is a cryptocurrency meant to support instant payment with near-zero fees. Its community has created various projects to support its adoption and real-life use cases. In the last 24 hours, DASH is up 9.8%.
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Crypto.com Exchange is listing BTC at 50% OFF
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The Crypto.com Exchange has exited public beta on 8 September 2020. To celebrate this milestone, the Crypto.com Exchange is listing BTC on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of BTC at 50% off. The event commenced on Tuesday, 8 September 6:00am UTC on the Crypto.com Exchange.
Allocation:
Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO staked on the Crypto.com Exchange.
Subscription:
- Participants will be able to subscribe for BTC by contributing an amount of CRO tokens not exceeding their respective maximum allocation. Staked CRO tokens may not be used to subscribe for BTC in this event.
- Participants will need to trade the minimum volume required at their CRO staked level in the past 30 days in order to be eligible to subscribe.
- The past 30-day trading volume is calculated daily at 00:50:00 UTC. For more information regarding exact cutoff times, refer to our FAQ here.
NOTE: The trading volume can take up to 1 hour to calculate at most. To avoid any delays, we advise you to satisfy the trading requirement well in advance of the subscription timelines.
Event Timeline:
- 08 Sept 6:00am UTC: Sales Begins (BTC/CRO subscription price fixed)
- 09 Sept 6:00am UTC: Sales Ends
- 10 Sept 6:00am UTC: Acceptance Period Begins (unused CRO will be refunded immediately if you reject the allocation)
- 11 Sept 6:00am UTC: Acceptance Period Ends (CRO refunds will be distributed for forfeited participants)
Sign up for the Crypto.com Exchange, stake CRO and participate in the BTC sale now!
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State of the Crypto by Top Tier Exchange Volume
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