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Coinbase has launched a new initiative to attract high-volume traders by offering reduced trading fees and a 60-day, no-fee period for those transferring from other platforms. According to a recent blog post, the promotion offers a fast track to lower fee tiers for traders with over $500,000 monthly trading volume , enabling users to pay as low as no maker fees on spot trades on Coinbase Advanced. – If you are a savvy crypto trader this offer is for you. – If you know a savvy crypto trader this offer is for them. Switch to Coinbase Advanced and enjoy lower fees, and elevated trading experience. Deets in the blog. https://t.co/LgK0nr3S4T — Lisa Mohanty ️ (@ShubhashriM) February 1, 2024 The move is part of Coinbase’s efforts to boost its market presence, especially as it prepares to announce its fourth-quarter earnings for 2023 later this month. The company has experienced a downturn in transaction revenue due to decreased trading volume s in the past year...

Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval.  On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE, and CBOE.  BTC’s surge amounted to nearly a 10% increase in price, with Bitcoin’s market cap less than $100 billion away from becoming a $1 trillion asset. When this report was written, BTC’s price had somewhat retraced due to expected market volatility amid euphoria for spot BTC ETF approvals.  As crypto.news previously reported, crypto’s leading token has a clear path to $55,000 and beyond if the $48,000 range is flipped into support. This could trigger a further run toward the $69,000 all-time high, only 31.1% away at press time. Bitcoin breaches $49,000 | Source: TradingView You might also like: Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible...

The drop in Bitcoin (BTC) activity on Binance, a cryptocurrency exchange, has been attributed to the removal of zero-commission trading in September. Bloomberg experts noted a 26% drop in average seven-day volume since the start of September. TrueUSD ended commission -free trading of BTC and stablecoins on Sep. 7, resulting in an 89% decline in the average seven-day volume of this trading pair. Additionally, Binance has seen withdrawals of approximately 12,230 BTC worth $330 million since August, along with an outflow of approximately 198,200 Ethereum (ETH) worth about $323 million. Bitcoin represents roughly half of the $1 trillion crypto market, while Ether accounts for about 20%. You might also like: Binance’s Bitcoin trading volume declined by 57% in September Previously, a significant decrease in trading volume occurred in March following the conclusion of a zero fees promotion, causing Binance’s spot trading market share to fall from 65% to 58.8%. Binance...

Chainlink’s (LINK) price has constantly risen since Sept. 11, after the asset hit a local bottom of $5.7 with a market cap of $3.1 billion. LINK is up by 5% in the past 24 hours and is trading at $6.56 when writing. The asset’s market capitalization rose to $3.65 billion with a 24-hour trading volume of around $198 million. LINK price, whale activity and social volume – Sept. 18 | Source: Santiment According to data provided by the market intelligence platform Santiment, the recent surge in LINK’s price has triggered a high social volume — marking a 150% rise in the social trend after dropping for three consecutive days. You might also like: Bitcoin miner returns to Paxos $500k in mistakenly paid fees Moreover, transactions consisting of at least $100,000 worth of LINK increased by 27% in the past 24 hours, reaching 34 daily transfers, according to Santiment.  The movements come while on-chain data shows an inflow of 15.7 million tokens, worth roughly $1...

The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin's launch. According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million at the close of July. Nevertheless, when compared to the volume at the beginning of the year, there was a significant decrease. In the same vein, Dessislava Ianeva, an analyst from Kaiko, noted that enthusiasm for AI tokens began to diminish in July, primarily due to a change in global risk sentiment. The total ope...