Kraken to expand services to stocks and ETFs
US-based crypto exchange Kraken has announced plans to expand its products with intention to expand globally too.
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.5% in aggregate. Out of the aforementioned five, Ethereum gave investors the best daily return; it was up 1.57%, which has its price now near $177.5 USD. As for the worst-performing crypto out of the Big Five, yesterday that was Litecoin; it came in at down 5.08%, which drove its price to around $52.1925 USD. Out of the five coins observed here, three cryptocurrencies were up — which is a mixed sign for the crypto sector as a whole.
Litecoin had an especially unusual move, in the sense that the move was much larger than its normal daily trading range. What caused this move might be worthy of further investigation. Traders may also wish to bear in mind the following events going on regarding current price patterns:
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ripple; its 868,678 transfers added was about 22% greater than the transactions recorded on Ethereum, which was the runner up for transactions logged on its chain over the past 24 hours. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $950,638,848 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $142.37 billion US dollars — which means Bitcoin accounts for about 65.85% of the entire cryptocurrency market. Note that Bitcoin’s dominance level has been in a downtrend, moving between 65.85% to 67.39% over the past two weeks.
US-based crypto exchange Kraken has announced plans to expand its products with intention to expand globally too.
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Following the lawsuits against Binance from the SEC, the exchange and its CEO have filed a motion of dismissal.
Mt Gox has delayed the deadline to reimburse investors yet again, marking another year in a decade long delay.