Monthly crypto exchange volume tumbled in May, hitting 32-month low

Although there are a lot of builders in the crypto space, the total money being invested into the crypto market has hit 32-month lows in May. Cryptocurrency monthly exchange volume, which calculates spot market volume across all crypto exchanges, was $439.42 billion in May, down over 27% from $604.88 billion in April, according to data from The Block. Binance, the largest exchange, saw about $218 billion in monthly exchange volume during May, dropping about 26% from $293.83 billion in the prev

• 2023-06-02
• exchange volume crypto exchanges crypto market Patrick Hillmann spokesperson New York Jets

Binance May Have a Clear Path Out of U.S. Regulatory Trouble. Cryptos Are Rallying.

The cryptocurrency exchange expects to pay a fine to settle existing regulatory and law enforcement investigations into its business, The Wall Street Journal reported.

• 2023-02-16
• Commodity Futures Trading Commission law enforcement investigations The Wall Street Journal cryptocurrency exchange Justice Department digital assets Binance digital asset Patrick Hillmann

Crypto exchange Binance hit by major outflows. Here’s why

Binance, the world's largest crypto exchange, is seeing significant outflows this week after its stablecoin partner Paxos was ordered to cease minting new BUSD tokens, a Binance-branded stablecoin.

• 2023-02-15
• BUSD crypto exchange Binance Patrick Hillmann