Based on a brand new report revealed by blockchain analytics agency Nansen on June 14, most respected cryptocurrency exchanges have adopted person safety funds amid the FTX collapse. Collectively, exchanges similar to Binance, OKX, and Bitget have over $2 billion mixed in nominal belief safety funds. In the meantime, Huobi’s insurance coverage fund is assured by 20,000 (BTC), whereas Coinbase (NASDAQ:) grants as much as £150,000 ($189,140) of insurance coverage to UK buyer accounts. The Nansen researchers wrote:
Amongst different issues, Binance retained the highest spot in spot and derivatives buying and selling quantity. Within the spot sector, the trade had an general market share of 69% and a month-to-month buying and selling quantity of $209.5 billion in Might. In spot markets, Kraken’s buying and selling quantity grew essentially the most, gaining 14.35% to $18.9 billion within the six months following the FTX collapse, in comparison with the earlier six months. In the meantime, Bitfinex’s buying and selling quantity fell essentially the most, dropping 59.5% to $5 billion over the identical interval.
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