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10/06/21 10:53
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Introduction: Following the demise of FTX, the cryptocurrency exchange (CEX) landscape underwent a significant transformation that raised questions about the legitimacy and security of such platforms. As a result, consumers are now demanding greater transparency and protective measures from exchanges to regain their faith. The post-FTX CEX landscape is examined in this paper, with a focus on significant exchanges' actions while also noting important trends. After FTX failed, consumers demanded more openness from CEX, which brought credibility once again into the spotlight. Proof of Reserves (PoR) gained popularity as exchanges tried to convince users that their assets were secure. Although PoR by itself does not ensure solvency, Bitget, OKX, Binance, and other CEX were forced to adopt this approach. Additionally, it became crucial to provide protection funds to give users trust, especially in the event of losses or breaches. Binance upped its protection funds from $735 million to $1 billion, underscoring their dedication to protecting user funds, while Bitget expanded their fund from $200 million to over $300 million. Bitget Shines in the CEX Landscape: Bitget distinguished itself by growing its derivatives volume at the time of FTX's collapse, showing resilience in a challenging market. This exchange's ability to adapt and thrive post-FTX demonstrates its strength in the CEX landscape. Binance retained its dominance, maintaining stable trading volumes despite the FTX fallout, but still faced with regulatory challenges in some regions, forcing it to close its services there. Other exchanges, like OKX, also managed to maintain strong derivatives businesses. However, there was a slight decrease in spot trading volume, with DEX trading remaining relatively stable. Trends, Legal Landscape, and the Road Ahead: Most CEXs experienced a decline in derivatives trading volume post-FTX, except for Bitget, which increased its trading volume slightly. This growth highlights Bitget's ability to capture additional volume in a challenging environment. Regulatory challenges, especially in the US, pose significant hurdles for CEXs. Compliance with KYC and AML measures is important, as inadequate safeguards can harm an exchange's reputation. CEXs that actively contribute to the ecosystem gain favour and trust from users. In conclusion, as successful exchanges will continue to adapt, innovate, and prioritize user trust in this evolving and competitive cryptocurrency landscape, which exchange do you think will stand out strong in the coming years? https://research.nansen.ai/articles/decoding-the-cex-landscape-an-in-depth-analysis-of-2023-h1 -
Kinda like the features of this product, it’s quite easy to navigate through and has less complexities. This should be every traders flex -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 4 October 23, NEO/U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave (Y) Direction Next higher Degrees: Wave ((B)) of Flat Wave Cancel invalid Level: 5.96 Details: The corrective of wave (Y) Likely move down to 5.94 NEO/U.S. dollar(NEOUSD)Trading Strategy: A decline below 7.08 makes the triangle complete at 7.68, also the price below the MA200 Line, Overview still is a downtrend, and the price move to wave ((5)) which a last wave before change a trend NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish divergence. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 4 October 23, NEO/U.S. dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triangle Position: Wave (E) Direction Next higher Degrees: Wave (4) of Impulse Wave Cancel invalid Level: Details: Weve 4 may be complete and the ptice decline again in wave 5 NEO/U.S. dollar(NEOUSD)Trading Strategy: A decline below 7.08 makes the triangle complete at 7.68, also the price below the MA200 Line, Overview still is a downtrend, and the price move to wave ((5)) which a last wave before change a trend NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish divergence
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Straddles
How long do you normally take for someone to pick up the phone.
The average waiting time for me is between 20-30mins.
I'm currently on hold and it has been 26 mins.
I have never been able to chat online either.
Is this uncommon?
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