Last month, spot trading volumes on centralized cryptocurrency trading platforms rose 16.4% to $575 billion, the first trading volume increase seen in three months. Trading volumes, however, remain at historically low levels, recording the lowest quarterly volumes since Q4 of 2019.
The CEO of the world’s largest asset manager BlackRock, Larry Fink, has projected that Bitcoin and the broader cryptocurrency space have the potential to revolutionize the financial system.
The Danish Financial Supervisory Authority (DFSA) has directed Saxo Bank, a global fintech firm, to divest its crypto asset holdings, citing the bank's cryptocurrency trading as falling outside the “legal business area of financial institutions.”
Top stories in the Crypto Roundup today:
- Crypto Spot Trading Volumes Surge 16.4% in June
- BlackRock CEO Sees Potential for Bitcoin and Crypto to Change the Financial System
- Danish Regulator Orders Saxo Bank to Sell Its Crypto Assets
- Binance's Spot & Derivatives Market Share Drops to Multi-Month Low