The spot trading volume of leading cryptocurrency exchange Binance plummeted by 36.8% to $115 billion last month, the lowest level the cryptocurrency trading platform has seen since October 2020.
Backed Finance, a Switzerland-based tokenization firm, has launched its tokenized short-term U.S. Treasury product on Coinbase’s Base blockchain, in a move that marks the first time a real-world asset is issued on the network.
According to Gary Wang, the co-founder of the collapsed crypto exchange FTX, the insurance fund balance shown by the exchange was not reflecting reality, and instead displayed the result of a random number generation.
Top stories in the Crypto Roundup today:
- Binance’s Spot Trading Volume Hits Lowest Level Since October 2020
- Coinbase's Base Welcomes First Real-World Asset Issuance with Tokenized U.S. Treasury ETF
- FTX Used Random Number to Show Insurance Fund Figures
- Derivatives Trading on Centralized Exchanges Sees Market Share Hit New All-Time High