To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
An attempt to pump up the BTC by speculating on possible Russian state intervention

Russians to pump up billions in Crypto market? It does not seem to be the case, however one economis...



Users lose interest in bitcoin



According to experts, it was the fall in interest of American traders that forced Coinbase to buy a decentralized exchange Paradex.



23.Aug.18 6:06 AM
By Abigail Richards
Photo Red Core

   514

Users lose interest in bitcoin
In 2018, the volume of trading on major US stock exchanges fell by more than 80%. The number of users of decentralized applications dwindled multi-fold.

More than half of the deals at all crypto-exchanges are provided by five crypto-currencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, according to a research by Diar. Since January of this year, trading volume on Coinbase has dropped 83%, on Bitstamp - by 73%.

According to experts, it was the fall in interest of American traders that forced Coinbase to buy a decentralized exchange Paradex. At Binance in 2018, the indicators remained practically unchanged, and OKEx set the maximums for this indicator in July.

In summer, the volatility of the first crypto currency fell to a minimum, the last time it was the same low 14 months ago. The number of bitcoins that users paid by during purchases fell 87% since September 2017. The audience of decentralized applications IDEX, Fork Delta, Bancor and Augur has decreased at times low for the last year.

Earlier, the founder of the consulting company Post Oak Labs, Tim Swanson, reported a decrease in the number of transactions in the network of bitcoins. They fell to the level corresponding to  the beginning of 2016.



Back to the list


Related Information: