Daily trading volume of bitcoin

Daily trading volume of bitcoin futures reaches $ 30 billion

On April 29, the volume of trading in bitcoin futures was $ 30 billion. This is the most active session since the collapse of March 12-13.

A significant share in this indicator is occupied by Binance Futures, where they recorded an absolute historical maximum above $ 10 billion.The record was held by Binance and in the spot market - $ 15.9 billion.

At Bakkt, the volume was $ 24.88 million. Open interest grew to $ 8.51 million. On CME, open interest exceeded $ 300 million.

Increased activity was also recorded in the bitcoin options market.

Note that the price of bitcoin in less than two days passed the marks of $ 8000, $ 8500 and $ 9000.

If the price ends the month above $ 6,428, April 2020 will be the fifth consecutive April that bitcoin has seen gains amd now look from april to this very october.

Major exchanges talked about the lessons of "the most volatile day in modern bitcoin history"

The bitcoin price climbed to a high above $ 9,400 this Thursday, but traders will long remember the events of March 12-13, when the market experienced a sharp collapse.

“It was the most volatile day in modern bitcoin history,” Nick Carter, co-founder of Coin Metrics, an analyst firm, told Bloomberg.

Since that time, exchanges have been losing customer deposits, according to Coin Metrics. The average daily trading volume of leading derivatives exchanges, including Huobi, BitMEX and OKEx, fell 30-60% from March to April, CryptoCompare reported. On the spot markets of exchanges such as Binance and OKEx, volumes have dropped by at least 10%.

“The collapse worried us greatly. This is not good for the exchange, said Ciara Sun, vice president of global business at Huobi Group. “When someone gets damaged and gets liquidated, we lose a lot of clients. This harms the entire ecosystem. Some clients take time after liquidations. Others will never return. "

After the crash, Huobi saw a sharp decline in the number of institutional clients holding 10,000 to 100,000 bitcoins. At the same time, the company noted an influx of small traders with less than 1 BTC in their accounts. The number of new registrations and active traders decreased in April compared to February and January.

“Overall liquidity has dropped slightly,” said FTX co-founder Sam Bankman-Fried. "Volatility has increased slightly because many are now bringing less to the market than before."

Some exchanges have experienced disruptions, which were also seen during yesterday's rally. “Although no exchange exploded this time, it was a reminder that they are inherently fragile,” Carter added.

“We are changing a lot in our internal systems for the sake of safety and prevention of such situations,” said Changpen Zhao, CEO of Binance. "The main issue for us now is to increase the resource of the system."

At the same time, Binance noted a significant increase in new users compared to February values. “Perhaps users from other exchanges come to us,” Zhao suggested.

Now the exchanges are not ready to change their policies regarding margin trading: the availability of high leverage is called one of the factors of a sharp collapse of the exchange rate. However, they take other measures. Huobi, for example, has implemented emergency restrictions. They do not stop trading completely, but allow you to avoid unnecessary liquidations when the rate deviates more than a certain limit. In addition, the exchange launched a phased position liquidation mechanism, which is supposed to provide additional protection for traders.

Cardano has released a new version of the Daedalus wallet 1.0.0

The Cardano project has released a new Daedalus 1.0.0 wallet with accelerated sync in preparation for the Shelley update.

The Daedalus 1.0.0 wallet was announced by IOHK CEO and co-founder of Cardano Charles Hoskinson. According to the Cardano development team, the latest version of Daedalus has several important improvements. According to sources close to development, Daedalus 1.0.0 cryptocurrency wallet is faster and more reliable than the previous version.

Daedalus Wallet 1.0.0 is designed to support deployment of the Shelley update. The development of Cardano is divided into several "eras" named after famous artists and philosophers, each with its own specifics. The Shelley era focuses on staking and launched on the Cardano testnet in December.

Hoskinson previously said that the Shelley era will only support the BECH32 address format, so users of old wallets will need to migrate their assets to the new version of the network themselves. In this case, the Daedalus 1.0.0 wallet is compatible with Shelley.

Unlike the previous version, which had an average synchronization speed of 9-14 hours, the synchronization time of the updated Daedalus 1.0.0 wallet is about an hour. In addition, the recovery time for the new version is 20 minutes, while in previous versions it took about 4.5 hours.

Hoskinson also hinted that the Cardano team plans to start rolling out several updates for Shelley, as well as other important features for the project, from May 2020.

H&M began tracking apparel supply chains via VeChain blockchain platform

Cos, the luxury brand of one of Europe's largest apparel retailers, the Swedish H&M Group, has begun tracking its product supply chains through the VeChain blockchain platform.

During a recent Ask Me Anything (AMA) session with the director of supply chain management platform VeChain Sunny Lu, it was revealed that the company is working on a new project with a "fast fashion brand" with which it has previously collaborated. Rumors soon surfaced that H&M might be the mysterious partner.

Lu stated that “over 4,000 socially and environmentally responsible products have been tracked” using MyStory, a VeChain-powered supply chain tracking platform. The platform was developed jointly with the international certification and classification society DNV GL.