On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market. Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binance Exchange Reserve for Bitcoin and the stablecoins. The “Exchange Reserve” here refers to an on-chain metric that keeps track of the total amount of a given asset that’s sitting on the wallets attached to a centralized exchange. When the value of this metric rises, it means the holders are making net deposits of the asset to the platform. Generally, investors use exchanges when they want to participate in trading activities, so them making inflows could signal appetite for trading the coin away. For cryptocurrencies like Bitcoin, this is something that can naturally have a bearish impact on the price. The same, however, isn’t true in the case of the stablecoins, as they are, by definition, always stable around the same value as the fiat currency that they are pegged to. Investors usually store their capital in the form of these tokens when they want to avoid the volatility associated with assets like Bitcoin. Many of them, however, plan to eventually return back to the volatile side. Once they have decided to make the switch, they transfer their stablecoins to exchanges. When they make the swap to a coin like Bitcoin, its price naturally observes a buying boost. As such, stablecoin inflows can be bullish for the volatile cryptocurrencies. Now, here is the chart shared by the analyst that shows the trend in the Exchange Reserve of Binance for Bitcoin and the stablecoins over the last couple of years: As displayed in the above graph, the Binance Exchange Reserve for the two asset classes showed some correlation in 2024. But by the end of the year, a shift had occurred, with the stablecoins witnessing sharp inflows and Bitcoin outflows. The two have remained decoupled in 2025 so far, although their trends no longer diverge as extremely. The stablecoin Binance exchange reserve has recently been trending sideways, while the one for Bitcoin has rapidly been moving down. Thus, it would appear that there is a large amount of fiat-tied tokens on the exchange potentially waiting to be deployed into the volatile side and at the same time, investors are also pulling out BTC supply, hinting at ongoing accumulation. This could hint at bullish conditions aligning on the largest cryptocurrency exchange, but it only remains to be seen whether the setup would reflect in the Bitcoin price or not. BTC Price Bitcoin is holding steady as its price is still trading around the $108,800 level.

Nasdaq-listed firm triggers rally in BNB after bold crypto move.

Here is a consolidated list of the best cryptocurrency exchanges with my comments: ExchangeKey FeaturesCoinSutra RatingBybit• Very popular with high volume.
• Best for margin trading.

• Read Bybit review9.8/10Binance• #1 crypto exchange for Crypto and digital asset trading
• Customers assets are stored in hot and cold wallet, offering top security
• It offers a maximum number of crypto pairs and offers trading and investing.
• P2P trading, Futures trading, Leverage trading, Crypto lending and borrowing, Staking program. 10/10Gate.ioSpot, Margin and future trading
Various automated bot trading option
Crypto trading mobile app
Instant KYC9/10KuCoin• Simple and easy to use
• Many low-cap gems available9.5/10OKX• Popular Crypto exchange
• Extensive range of pro trading options
• Advanced trading platform9.4/10Bitget• Demo accounts available
• Wide range of cryptocurrencies9.3/10MEXC• Fast listing of new crypto projects
• Leveraged & Index ETFs9/10Kraken• Based out of the USA, and secure crypto exchange, existing for the last half a decade.8.8/10GMX• Decentralized Perpetual Exchange
• Simple Swaps7/10HTX• One of the largest exchanges of the crypto market
• High security and great customer support8/10AscendEX• Easy-to-use interface
• Use in-house token ASD to lower fee8/10 Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world. And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against the government’s inflationary policies. Not only this but now people have a variety of products to earn substantial passive income on their crypto assets. Moreover, some people make good money by pure speculation with short-term trading (i.e., buy low, sell high). And for those who are just starting and need answers to some basic questions like:

• Where do I buy such cryptocurrencies?
• What are the best cryptocurrency exchanges?
• Which crypto exchange is secure and user-friendly?

But before we talk about the best exchanges out there, I need to tell you that it’s not too late to get invested in cryptocurrencies. At the time of this writing, the Cryptocurrency market is at a market cap of $1.18 Trillion. Note: This list starts from easy-to-use exchanges and moves towards some of the advanced exchanges. 10 Best Cryptocurrency Exchanges 1. Bybit – Top Crypto exchange Bybit is a specialized spot and crypto derivatives market exchange. Established in March 2018, Bybit is one of the fastest growing cryptocurrency exchanges, with more than 3 million registered users. Further, the exchange offers a margin on the Crypto Futures market upto 100x. In case you are looking for an exchange for spot and derivatives trading, then Bybit is the best bet. The platform is adding quality and trending coins every other day, and it might become the fastest growing crypto exchange of 2023. It is one of the best crypto exchanges which is secure and easy to use. It has an interactive web application and a mobile application for Android and iOS users. Here are other top features of ByBit –

• Crypto Lending feature
• Top of the line mobile app
• P2P Trading
• No KYC Withdrawal (1 BTC a day)
• Buy Crypto with Debit or Credit card
• Options Trading

For beginners, Bybit also has a feature of paper trading. Read our full review on Bybit here. Join Bybit (Get $90 bonus) 2. Binance – #1 Best Overall for Traders & Investors Binance is the world’s leading cryptocurrency exchange that concluded its ICO on 21st July 2017 and raised $ 15 Million. In addition to being a blazing fast exchange, The platform is designed for traders of all levels, i.e., from a beginner trader to an advanced trader.  The platform offers an inbuilt crypto wallet which is ideal for storing Bitcoin and other cryptocurrencies for a short time. In addition, Binance has an Earn feature to deposit your crypto assets such as Bitcoin or USDT, and earn interest on your holdings. Since its ICO to date, it has grown tremendously. It has become the leading cryptocurrency exchange globally in trading volume and availability of pairs of a token. It now has over 370+ cryptocurrencies listed on it, which are further provided in over 1300 pairs. Additionally, coin listing is increasing with every passing month. Binance being a centralized exchange has taken a unique take to expand its business and provides a decent discount for day traders if they use BNB coins. BNB is the native currency of this platform, saving money on buying/selling any coin. Binance is a global crypto exchange that is ideal for everyone and has the highest liquidity. Binance Global Sign up here
(10% trading fees off) Binance’s fee structure is also unique. It has a 0.1% standard trading fee that is already relatively less than its peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure. To get started with Binance, you need to register using phone number or email and then follow the steps. Binance is one of the few exchanges that offer mobile apps for iOS and Android, and also an app for Mac. Read: Binance Review: Features, Fees in 2025 (Beginner’s Guide) Being using it for a while, I find it too easy to trade cryptocurrency while on the move. However, you can watch this video to learn how to use its mobile app. They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, the Binance lending program,  and the Community Coin Per Month, etc for more adoption of their platform. Create Account on Binance 3. KuCoin – Leading Crypto Exchange KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coins such as CHR, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS. To get started with KuCoin, you can deposit any crypto of your choice, ex: BTC, and start trading. I have been using KuCoin for the past two years, and they have constantly been adding extra features. You can use Kraken to deposit and withdraw funds to any bank account globally. In my experience of using Kraken, bank transfers are quick, and support is excellent. Overall, Kraken is one secure and trustable exchange that you should check out. Create Account on KuCoin 4. Coinbase #1 Choice for US Crypto Investor Coinbase stands as one of the most trusted and regulated cryptocurrency exchanges in the world. Founded in 2012 by Brian Armstrong and Fred Ehrsam, it has grown to become the largest US-based exchange and the only publicly-traded cryptocurrency platform (NASDAQ: COIN). With over 73 million verified users across more than 100 countries, Coinbase offers a perfect balance of beginner-friendly features and advanced trading options, making it an ideal platform for both newcomers and experienced investors. Key Features

• Regulatory Compliance: Licensed in multiple jurisdictions with SOC 1 and SOC 2 certifications
• Security Infrastructure: 98% of assets stored in cold storage, biometric authentication, and whitelisting
• Insurance Coverage: Digital assets insured against theft and FDIC insurance for USD balances up to $250,000
• User Experience: Intuitive interface with separate Coinbase Pro platform for advanced traders
• Educational Resources: Earn crypto while learning through Coinbase Learn
• Supported Assets: 200+ cryptocurrencies with regular additions
• Mobile Experience: Highly-rated iOS (4.7/5) and Android (4.5/5) apps with widget support
• Staking Services: Easy staking for ETH, SOL, ADA, ATOM, and other PoS cryptocurrencies
• NFT Marketplace: Built-in NFT trading platform
• Coinbase Card: Visa debit card that earns crypto rewards on purchases

Pros and Cons Pros:

• Highest level of regulatory compliance in the industry
• Excellent security track record
• Intuitive interface perfect for beginners
• Publicly-traded company with transparent operations
• Comprehensive insurance protection

Cons:

• Higher fees compared to some competitors (0.6% maker/taker)
• Customer support can be slow during high-volume periods
• Limited advanced trading features on the standard platform

5. Crypto.com Best All-in-One Crypto Ecosystem Crypto.com has rapidly evolved from a cryptocurrency payment solution to one of the most comprehensive digital asset platforms globally. Founded in 2016, the Singapore-based exchange now serves over 50 million users worldwide. What sets Crypto.com apart is its extensive ecosystem that extends beyond trading to include a popular Visa card program, NFT marketplace, DeFi wallet, and even a blockchain with its own Cronos (CRO) token. The platform combines competitive trading with lifestyle integration, making cryptocurrency part of users’ everyday financial lives. Key Features

• Complete Ecosystem: Trading, payments, DeFi, NFTs, and more in one platform
• Crypto.com Visa Cards: Tiered metal cards offering up to 8% cashback in CRO tokens
• Security Infrastructure: Multi-factor authentication, anti-phishing code, and 100% cold storage for institutional custody
• Mobile Excellence: One of the highest-rated crypto apps (4.8/5 on iOS, 4.6/5 on Android)
• Earn Program: Up to 14.5% annual returns on crypto deposits
• Exchange Flexibility: Separate Exchange and App interfaces for different user needs
• Pay Feature: Spend crypto at merchants or send to friends with no fees
• Insurance Protection: $750 million insurance policy for digital assets
• Cronos Chain: Native blockchain for DeFi applications with fast transactions

Pros and Cons Pros:

• Comprehensive ecosystem beyond just trading
• Excellent mobile experience
• Attractive Visa card program with real-world benefits
• Strong security measures and insurance
• Regular promotions and token listings

Cons:

• Full benefits require CRO staking
• Exchange and App have different fee structures
• Not all services available in all regions
• Higher trading fees than some competitors

6. OKX – Popular Crypto Exchange for Traders Founded in 2017 and registered in Seychelles, OKX is a reputed and innovative crypto exchange that is available for all users around the globe. Due to regulations, certain jurisdictions like the USA, Singapore, North Korea, and Syria are not allowed on OKX. You can find a complete list on their website homepage. Here are some of the notable features of OKX :

• Spot, Margin & Derivative Trading
• Copy trading
• Web 3.0 Integration (This is remarkable)
• NFT Marketplace 
• Shark fin (Gain USDT in any market condition)
• Buy/Sell Crypto with all popular payment options
• Add or withdraw funds using a Bank account
• P2P Trading
• $OKB – Exchange Native token to lower fees & Participate in governance

Many more features of OKX make it one of the best Binance alternatives. If you are a novice or experienced trader, you will find many tools and features to help you maximize your returns.  Create Account on OKX 7. Gate.io – Altcoin Traders Paradise Gate.io has established itself as a premier destination for cryptocurrency traders seeking access to an extensive range of altcoins and emerging tokens. Founded in 2013, this exchange has grown to support over 1,400 cryptocurrencies—one of the largest selections in the industry. While maintaining a global presence, Gate.io particularly excels at listing new projects early, making it a favorite among traders looking to discover promising tokens before they reach larger exchanges. With advanced trading features and competitive fees, Gate.io caters primarily to experienced traders rather than beginners. Key Features

• Massive Token Selection: 1,400+ cryptocurrencies including many not available on mainstream exchanges
• Early Access to New Projects: Often among the first exchanges to list promising new tokens
• Advanced Trading Tools: Spot, margin, futures, options, and perpetual contracts
• Gate Startup: Launchpad platform for new token sales and airdrops
• Copy Trading: Follow successful traders automatically
• Security Measures: 98% cold storage policy with multi-signature technology
• Proof of Reserves: Regular third-party audits with real-time reserve verification
• Lending Platform: Earn interest by lending your crypto assets
• Low Fees: 0.2% standard trading fee with discounts available
• Gate Points: Loyalty program offering fee discounts and exclusive benefits

Pros and Cons of Gate.io Pros:

• Unmatched selection of altcoins and new tokens
• Comprehensive trading options for advanced users
• Regular proof of reserves audits
• Lower fees than many major exchanges
• High liquidity for most trading pairs

Cons:

• Interface can be overwhelming for beginners
• Limited fiat on-ramp options
• Customer support response times can be slow
• Regulatory status less clear than some competitors
• Not available in all jurisdictions (restricted in US)

8. Gemini – Security-First Exchange for Serious Investors Gemini was founded in 2014 by Cameron and Tyler Winklevoss with a mission to build a bridge between traditional finance and the cryptocurrency world. Based in New York, Gemini has established itself as one of the most security-focused and compliant exchanges in the industry. Licensed as a New York trust company, Gemini maintains the highest standards of regulatory compliance while offering institutional-grade security features. The exchange appeals particularly to security-conscious investors and those seeking a fully regulated platform with insurance protection. Key Features

• Institutional-Grade Security: SOC 1 Type 2 and SOC 2 Type 2 compliance
• Insurance Coverage: Digital assets insured in cold storage and FDIC insurance for USD balances
• Regulatory Excellence: Licensed in multiple jurisdictions with emphasis on compliance
• Gemini ActiveTrader: Advanced trading platform with professional charting tools
• Gemini Earn: Interest-bearing accounts for crypto holdings
• Gemini Pay: Spend crypto at retail locations
• Gemini Custody: Qualified custodian service for institutions
• Gemini Clearing: Agency-based OTC trading desk
• Gemini Dollar (GUSD): Regulated stablecoin backed 1:1 with USD
• Hardware Security Keys: Support for YubiKey and other hardware security devices

Pros and Cons Pros:

• Industry-leading security practices
• Fully regulated and compliant in multiple jurisdictions
• Excellent insurance coverage
• Institutional-grade custody solutions
• Founded by well-known, trusted figures in the industry

Cons:

• Higher fees than some competitors
• More limited cryptocurrency selection (about 100 tokens)
• Conservative approach to listing new tokens
• ActiveTrader platform has steeper learning curve
• Mobile app lacks some desktop features

9. Bitstamp – Europe’s Most Trusted Exchange Since 2011 As one of the oldest cryptocurrency exchanges still in operation, Bitstamp has built a reputation for reliability and trust since its founding in 2011. Originally based in Slovenia and now headquartered in Luxembourg, Bitstamp has become Europe’s leading regulated exchange while maintaining a significant global presence. Known for its straightforward approach, robust security, and focus on core cryptocurrencies, Bitstamp appeals to both individual and institutional investors who value longevity and stability over flashy features or speculative tokens. Key Features

• Proven Track Record: Operating continuously since 2011, surviving multiple market cycles
• Regulatory Compliance: Licensed in Luxembourg and registered with regulators in multiple countries
• Institutional Focus: Prime brokerage, custody solutions, and dedicated account managers
• Security Infrastructure: 98% of assets in cold storage with multi-signature technology
• Streamlined Interface: Clean, intuitive platform focused on essential functions
• Bitstamp Mobile: Well-designed mobile app for iOS and Android
• Fiat Support: Multiple currency options including USD, EUR, GBP
• Instant Buy: Simple interface for quick purchases with credit/debit cards
• Staking Services: Ethereum staking with competitive yields
• API Access: Robust API for algorithmic trading and integration

Pros and Cons Pros:

• Exceptional longevity and reliability
• Strong regulatory standing, especially in Europe
• Clean, straightforward interface
• Excellent security track record
• Transparent fee structure

Cons:

• More limited cryptocurrency selection (around 70 assets)
• Higher instant buy fees
• Fewer advanced features than some competitors
• Less frequent addition of new tokens
• Limited educational resources

10. Bitget – Digital Asset Exchange Founded in 2018 and headquartered in Singapore, Bitget is an exchange with huge potential. It offers all the bells and whistles you could expect from a global crypto exchange that targets investors and traders.  Here are notable features of Bitget –

• Spot and derivative exchange
• Signed “Messi” as the Brand ambassador (Yeah! It is a big deal)
• Crypto-only exchange. It does not offer Fiat on-ramp or off-ramp
• Ideal for Crypto traders 
• Offers Copy trading (Supports spot market too)
• Attractive referral and affiliate program

Create Account on Bitget 11. MEXC Global – Low Cap Gem Exchange MEXC Global (formerly known as MXC) was established in 2018 in Seychelles, East Africa. The exchange has listed 518 coins which are offered as 887 different pairs. You can use MEXC Global for spot, margin, and derivatives trading. In addition to this MEXC Global provides several features such as ETF (Exchange Traded Funds) Trading, staking, DeFi Farming, etc. The trading fee on MEXC Global is 0.2% of the transaction value. This fee can be discounted by holding the in-house token of MEXC Exchange i.e. MX Token.  The benefits of using MEXC Global Exchange are as follows:

• The platform has a very user-friendly interface
• The platform has an interactive mobile app that allows you to trade on the go
• You can earn passive income through staking and depositing assets in DeFi products

Please read our full review on MEXC Global Exchange here. Create Account on MEXC 12. Kraken – USA Based Crypto Exchange Kraken is one of the oldest crypto exchanges that has existed for over a decade now. Established in 2011, the exchange offers Bitcoin as well as a number of known altcoins. In total it offers 346 pairs of crypto tokens. Read more detailed review of Kraken. The exchange has an interactive web version as well as mobile applications for Android and iOS users. The features of the platform can be fully explored by an advanced crypto user.  Features such as take profit orders, take profit limit orders, etc. are some of the unique features of the platform. Kraken also offers derivatives products on which margin is available up to 50x. Further, it has options to earn passive income such as staking. You can use Kraken to deposit and withdraw funds to any bank account globally. In my experience of using Kraken, bank transfers is quick, and support is excellent. Join Kraken Now 13. HTX HTX is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years. As we speak, it occupies the #2 spot on CoinMarketCap’s list of exchanges by volume and has 973 cryptocurrency pairs. Hence, you will never face liquidity problems on this exchange. They also have a mobile app for Android and iOS for users who want to trade cryptos on the go. Their registration process is also pretty simple, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun. Do read HTX Exchange Review: Pros and cons Create Account on HTX So that is it for my list of the most reliable cryptocurrency exchanges. Now, with such an information overload there is a need to summarise this information. Let us understand how to choose the best crypto exchange for ourselves. What if a user needs some low-market-cap Crypto gems? Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy. However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. It’s a good idea to have an account on most of these, which will save time when you discover a winning coin. So, here are some bonus exchanges I am sure you would love. How to select the best cryptocurrency exchange for you? Following are the crucial factors you should consider while choosing the best crypto exchange for yourself:

• The country you live in

Almost all exchanges have a list of supported countries. Residents outside these jurisdictions should not use these exchanges. Further, you should also check whether that exchange supports your native fiat currency or not. If not, then you need to figure out a way to transfer your funds to this exchange.

• Security of funds

Security is the key factor for the sustenance of the whole crypto market. Before choosing an exchange for yourself, you should have an answer to these questions:

1. Who keeps custody of my funds?
2. Is there any security audit done on the exchange? What was the conclusion?
3. Where are the funds of the exchange kept? Is the place secure enough?
4. Does the exchange has any insurance in case of loss of funds due to a security breach?

Once you have answered the above questions, you will be able to judge the security of the said platform.

• Whether it is centralized or decentralized

Centralized exchanges need your personal details before they allow you to trade on their platform. Further, most of these exchanges keep custody of your funds. This is not the case with a decentralized exchange.

• Ease of use

Some exchanges although very good in product offerings have a very complicated user interface. This leads to confusion in understanding the product or method of transactions. Thus, you should choose an exchange that has an interactive web application and a compatible mobile application.

• Liquidity and Trading Volume

If you want to purchase a token, you need to ensure whether people are interested in selling that token on the exchange. Thus, liquidity means the availability and scale of crypto funds on a particular exchange. For this, you should check the number of trading pairs supported by the platforms and the 24-hour trading volume of the platform.

• KYC Rules

KYC stands for Know Your Customer. Almost all the centralized exchanges have a KYC Policy basis that collects information of user and enable them to use the platform. What you need to check is the type of information collected as well as the time in which verification is done by the exchange.

• Trading Fee

On every transaction, a trading fee would be charged by the exchange. This trading fee is a cost to you and thus you should try and choose an exchange with the lowest trading fee.

• The reputation of exchange in the market

A crypto exchange is an intermediary between a buyer and a seller. Therefore, you need to ensure that an exchange is legit and does not have a bad reputation in the market. For this, you should search for any possible scams that an exchange could have been a part of.

• Relationship of the exchange with the country’s authorities

Lastly, you should check whether a crypto exchange is in line with the regulations of your country. In case an exchange is banned by the authorities, you should not use that exchange in any case. Conclusion – Best Crypto Exchanges 2025 Trust me, I have squeezed my 8 years of experience in the crypto markets in this single post. My objective is to bring you the most feasible products of the crypto markets and help you earn life-changing money. I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all the latest info. I hope these insights help you in choosing the best cryptocurrency exchange for you to use. But one word of caution: Don’t use these exchanges as a wallet to HODL your cryptos. If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then it’s probably OK. Otherwise, this is a bad practice. Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano X, where you can store a lot of different cryptos and control your private keys. So now it’s your turn to tell me: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let me hear your thoughts in the comments below! Here are a few hand-picked articles you should read next:

• Investing In Cryptocurrencies 101: A Beginner’s Guide
• Best Bitcoin Exchanges In The World For Trading Bitcoins
• Binance Alternatives: Crypto Exchanges Similar To Binance

Are any cryptocurrency exchanges regulated There are a few exchanges that are regulated. For example in USA Coinbase, Gemini, Kraken are regulated. in UAE, Binance, Bybit are regulated. Which are the best cryptocurrency exchanges in 2025? As mentioned above, the following are the top cryptocurrency exchanges:
1. Binance
2. Bybit
3. KuCoin
4. OKX
5. Bitget
6. MEXC
7. Kraken
8. Gate.io
9. HTX
10. Bitstamp Which cryptocurrency exchange has the lowest fees Binance and Bybit offer the lowest fees at this moment. What is the best Cryptocurrency exchange for beginners? Binance and Bybit are the two most popular exchanges for beginners. Which Cryptocurrency exchange has the most coins? Binance has the maximum number of coins that are of investing and trading grade. Like this post? Don’t forget to share it with the world! Help us improve. Was this helpful Submit Cancel Thanks for your feedback! 12+ Best Cryptocurrency Exchanges & Apps of 2025: Complete Comparison Guide was published on CoinSutra - Bitcoin Community

The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the native asset of the cross-chain messaging project to rally briefly. In a new announcement, Coinbase Assets says it’s adding Wormhole, an interoperability project that allows communication between blockchains, to its suite of digital asset products. “Wormhole (W) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the addition sent W flying, as the crypto asset went from a low of $0.61 on June 27th to a peak of $0.81 just a day later. Wormhole has since retraced and is trading for $0.071 time of writing, a fractional decrease during the last 24 hours. According to its official website, Wormhole is currently compatible with numerous prominent blockchains, including Base and BNB Chain, the respective blockchains of Coinbase and Binance, the two largest crypto exchanges in the world. “A fully integrated chain can use cross-chain decentralized applications (DApps) to send and receive tokens and NFTs. It can also publish and verify messages to and from the network – meaning developers can utilize the full suite and power of Wormhole.” Other compatible chains include smart contract platforms Ethereum (ETH), Algorand (ALGO), and Avalanche (AVAX), as well as layer-2 scaling solutions Optimism (OP), Arbitrum (ARB), and Polygon (POL). Follow us on X, Facebook and Telegram
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&nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Carlos Amarillo The post Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W) appeared first on The Daily Hodl.

Traders pile in ahead of strong jobs data; but can risk appetite survive macro reality?

TL;DR

• Analysts remain bullish on XRP, with some eyeing a move to $2.65 or even $3, while others dream of a historic surge to $30.
• Binance added NEWT and SAHARA to its VIP Loan program, removed several trading pairs (impacting FIO the most), and launched new staking options for SOL-related tokens.
• After closing Q2 at a record $107,500, BTC hovers near $109K; while some foresee a rally toward $120K, Arthur Hayes warns of a short-term drop to $90K due to US liquidity shifts – though he stays bullish long term.

XRP Forecasts Despite its daily decline of around 2.5%, the XRP price is up 6% on a weekly scale and remains the subject of bullish predictions.
XRP Price, Source: CoinGecko Just a few days ago, the X user World of Charts argued that an XRP breakout and retest has already been confirmed, anticipating a pump above $3 sometime in July. For their part, Maxi thinks the token could mirror its impressive performance from the end of 2017 and experience a 1,200% rise in a matter of days. A jump of that type would push the price to a new historic peak of around $30, which, as of the moment, seems quite unlikely. Other popular analysts who made more realistic forecasts include Ali Martinez and Crypto Beast. The former claimed XRP could be forming an inverse head and shoulders pattern, “potentially setting the stage for a 15% breakout to $2.65.” Crypto Beast expects the price to make a 3x during the ongoing bull run. What’s New Around Binance? The world’s largest crypto exchange recently added Newton Protocol (NEWT) and Sahara AI (SAHARA) as new loanable assets on its VIP Loan program. Despite the support, the tokens witnessed substantial price corrections. Additionally, Binance scrapped the following spot trading pairs: ACT/EUR, FIO/BTC, TNSR/FDUSD, and TST/FDUS. Such actions usually have a negative effect on the involved coins due to reduced liquidity, less visibility, and reputational blow. FIO took the biggest blow, plunging by 8% after the announcement.  Earlier today (July 4), Binance came up with another disclosure. It informed its users that they can stake their SOL, HODL BNSOL, sBNSOL, or bzSOL holdings and earn up to 6.5% APR, with boosted LAYER, ACE, and DYM airdrops distributed automatically. “But that’s not all, something new is launching soon,” the exchange teased.  How’s BTC Doing? Last but not least, we will delve into the leading cryptocurrency and explore some interesting price forecasts. Bitcoin (BTC) made history in May, reaching a new all-time high of almost $112,000. In the weeks that followed, it saw a slight pullback but still closed Q2 at around $107,500 – the highest quarterly finish in its history. The crypto community remains quite bullish that the asset, currently trading just south of $109,000, could be on the verge of a rally toward a fresh peak. X user CRYPTOWZRD thinks a breakout above $110,500 could push the price to $120,000.  On the other hand, Arthur Hayes (co-founder of BitMEX) predicted a short-term pullback to $90,000 due to a potential liquidity drain from the US Treasury issuing new debt following Trump’s “Big Beautiful Bill.“ However, he remains a bull for the long term, viewing the possible pullback as just a temporary event.  The post Ripple (XRP) Price Predictions, Recent Binance Changes, and More: Bits Recap July 4th appeared first on CryptoPotato.

Ethena is a project developed to address the issues of existing stablecoins in the cryptocurrency market. What is Ethena (ENA)? Ethena is a cutting-edge decentralized finance (DeFi) protocol built on the Ethereum blockchain. It is designed to generate synthetic dollars, which are digital assets that maintain price parity with the US dollar (USDe). The ENA token is the native governance token of the Ethena protocol. Through the use of smart contracts, Ethena allows users to mint, trade, and exchange synthetic dollars without the need for a central authority or intermediary. This provides users with greater control over their funds and financial transactions. The ENA token plays a crucial role in the governance and operation of the Ethena protocol. Holders of the token have voting rights in the decision-making process of the protocol, such as proposing and voting on changes to the protocol parameters or upgrades. Additionally, the ENA token can be staked to earn rewards in the form of transaction fees generated by the protocol. This incentivizes token holders to actively participate in the protocol, contributing to its security and stability. Overall, Ethena aims to revolutionize the way decentralized finance operates by providing a reliable and transparent platform for users to access synthetic dollars and participate in the governance of the protocol.  Why is Ethena Labs important? Ethena provides a vital solution within the growing DeFi sector. Synthetic dollars play a key role in various DeFi applications, including:

• Stablecoin for trading: Provides traders with a price-stable asset for crypto trading within the volatile crypto market.
• Lending and borrowing: Enables users to lend and borrow assets with stable value.
• Yield generation: Allows users to earn a yield on their crypto holdings with less risk compared to other cryptocurrency assets.

How does the Ethena protocol work? Ethena maintains a collateral pool of cryptocurrency assets, primarily Ethereum. Users can deposit collateral to mint synthetic dollars. The protocol uses a complex system of algorithms and incentives to maintain the price stability of its synthetic dollars. ENA token holders play a part in governance decisions and help shape the future of the protocol. Should I invest in the Ethena (ENA) token? Determining whether or not to put your money into ENA is an individual choice. It is important to extensively study Ethena Labs, including the protocol, tokenomics, team, and roadmap. Take into account your risk tolerance and overall investment approach. Making an investment in the Ethena (ENA) token should be thoughtfully evaluated. Here are some advantages and disadvantages to assist you in making an educated decision. Ethena advantages:

• Impressive idea
• An effective vesting plan
• Backed by top-tier funds
• Extensive network of top-tier partners
• Successful PR and growth marketing efforts
• Effective influencer marketing campaigns
• Undergone multiple security audits and bug bounty programs by reputable companies
• Comparatively low Initial Market Cap/Fully Diluted Valuation (FDV) ratio (9.5%)
• Experienced executive team

Token NameEthenaTickerENABlockchainEthereumToken StandardERC-20ContractTo be updatedToken TypeGovernanceTotal Supply15,000,000,000Circulating SupplyTo be updatedDetails about ENA token Token Allocation Token Release Schedule Ethena disadvantages:

• Because of its intricacy, the protocol carries substantial risks associated with its delta hedging approach.
• Damage to reputation caused by the failure of Terra or Luna.

It is important to note that investing in any cryptocurrency carries inherent risks, and it is crucial to conduct thorough research and consider your own risk tolerance before making any investment decisions. What is Delta-Hedging? Delta-Hedging, also known as Delta Neutral Trading Strategy, is used to generate income when the market lacks direction. Though that’s the definition, in practice, there are numerous methods to apply it, and the common goal of these methods is to eliminate price volatility and earn profits. This means that the user’s position remains unchanged amidst market fluctuations. When applied to the cryptocurrency market, the most commonly used investment method is to balance the user’s portfolio to zero, creating a hedge, and earning profits from other methods such as IDO, Airdrop, Staking, Farming, etc. Conclusion Ethena is a project issuing a stablecoin based on the delta-neutral investment method, currently attracting significant attention from the investor community. Coinbold provides only general information, not investment advice.

Saga is a protocol that provides blockchain development services for decentralized applications. Let’s dive right in and learn more in this article! What is Saga (SAGA)? Saga Protocol is a venture that offers blockchain construction services for applications. Essentially, Saga functions as a blockchain platform designed to introduce additional blockchains, known as “Chainlets,” within the Saga ecosystem. These Chainlets are safeguarded by Saga validators through a process called Interchain Security, which is a collaborative security system derived from Cosmos. The concept of Interchain Security involves one blockchain serving as a security provider for others, specifically Chainlets in this scenario. As a result, Chainlets are able to leverage the advantages of operating a Cosmos SDK application while relying on Saga validators for block validation. Solution for Building VM-Compatible Blockchains Saga is presenting a specialized system for deploying blockchain that is user-friendly, decentralized, and secure. This system allows developers to have control over selecting their desired virtual machine, starting with support for the Ethereum Virtual Machine (EVM). In the future, Chainlet is striving to be compatible with multiple virtual machines, giving developers the freedom to select from different options such as EVM, CosmWasm, or Javascript VM. Chainlet Launching Process Launching a Chainlet on Saga does not require permission, unlike on Cosmos Hub. Developers simply need to possess SAGA tokens to cover the expenses of setting up and maintaining their Chainlet. This process is akin to services offered by platforms like Amazon Web Services and other SaaS providers, with the distinction that the subscription fee for creating and managing a Chainlet is paid in SAGA tokens. Once the fee is paid, validators are responsible for establishing and overseeing the infrastructure of the Chainlet, similar to how validators on Cosmos Hub manage app chain infrastructure. To launch a Chainlet, developers must allocate funds to an escrow account using SAGA tokens. This escrow account can be funded with any desired amount and serves as a prepaid service to handle expenses related to the Chainlet. If the prepaid fee runs out, the Chainlet will become inactive until the developer deposits more SAGA into the account. The fee is calculated per epoch, with each epoch lasting approximately one day. There are different methods to fund your margin account with SAGA tokens:

• Deposit money directly into your account with SAGA tokens
• Stake SAGA to an escrow account to pay fees through staking rewards
• Allows sponsors, community, and DAOs to pay fees

The fee required to participate in Chainlet is set by the validator prior to the start of each new day-long epoch. Validators each submit a proposal for the fee they wish to receive for their services, which are then locked in and chosen through a bidding process known as the “Musical Chair Auction”. Musical Chair Auction – Model for determining Chainlet operating costs The Musical Chair Auction is a method used to determine a standard price for carrying out Chainlet operations. In this auction, validators submit their bids, and only a select group with the lowest bids, known as the “Winning Set”, are chosen to operate the Chainlet. Validators with higher bids are categorized as the “Losing Set”. The cost of operating a Chainlet is established by the highest bid within the Winning Set. This means that the validator with the highest bid in the Winning Set will be paid their desired price, while other validators not only secure their desired price but also earn a profit based on their bid. Thus, the price paid by developers to validators for operating a Chainlet is based on the highest bid in the Winning Set, along with an additional profit. This profit ensures that all validators in the Winning Set receive a fair compensation for the services they provide to developers in running the Chainlet. Musical Chair Auction. Source Chorus One On the other hand, Musical Chair Auction poses potential risks for validators. This system aims to motivate validators to submit the most competitive bids, with rewards for validators in Winning Sets and consequences for validators in Losing Sets. Tokenomics of SAGA Token Name: Saga (SAGA)
Max Token Supply: 1,000,000,000 SAGA Saga and Chainlet introduce a new token structure with transaction fees to be paid by end users to Chainlet developers; Developers will then pay gas fees to Saga Mainnet. This gives a high degree of flexibility to Chainlet and its development team in determining how end-user transaction fee funds are used. In a Chainlet, gas fees can be paid with SAGA tokens or other tokens such as ETH or USDC. SAGA team

• Rebecca Liao – (CEO): Previously, she was Co-founder and held the CEO position at Skuchain, she brought Skuchain to annual sales of over 5 billion USD. Currently, Rebecca is an Advisor to Sommelier Protocol, responsible for designing the DAO to optimize governance, develop the platform, and ensure regulatory compliance.
• Jacob McDorman – (CTO): He is an entrepreneur and researcher with over a decade of experience in product development. He has a vision and practical approach, having worked as a business founder, entrepreneur, development studio owner and consultant.
• Jin Kwon – (CSO): He has contributed to the Cosmos ecosystem since 2018 and currently holds many important positions at Tendermint. He has a multidisciplinary background in engineering, sales, marketing and finance, and wants to see web3 technology widely integrated into everyday life.
• Bogdan Alexandrescu (Vice President, Engineering): He is a technology expert and industry leader with experience in many fields, from technology to fintech and business consulting. Before joining Saga, he had a notable career at Apple Inc and worked on large-scale, machine learning and artificial intelligence projects.

Rebecca Liao is CEO of Saga. Investors Saga has successfully secured 13.5 million USD in total through 3 rounds of seed funding. Investment funds and organizations such as placeholder, Samsung Next, GSR, Longhash Ventures, Maven11, and Hypersphere have all contributed to these capital calls. Conclusion Saga is a Layer 1 protocol that developers allow to automatically spin up parallelized and interoperable dedicated chains that elastically scale with their Web3 application needs. Through this article, you probably have some basic information about the project to make your own investment decision. You can currently earn SAGA tokens through Binance Launchpool by staking BNB or FUSD.

Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level. Ethereum Rally Marked By Shift In Dynamics According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange. Recent data from Binance reveals a significant shift in ETH funding rates from negative to positive. Positive funding rates typically indicate that traders are opening or holding leveraged long positions, reflecting expectations of further upside. However, rising funding rates may also raise the risk of a short-term price pullback if long positions become overextended. Data from CoinGlass shows that 68.15% of liquidations over the past 24 hours were long positions – highlighting this risk. Taha also emphasized the role of a short squeeze in Ethereum’s recent price surge and the increase in funding rates. As ETH’s price climbed, it retested the previous short-squeeze zone around $2,500. He explained: In that earlier event, short positions were forcibly closed by initiating aggressive market buy orders to cover their exposure, triggering a cascading effect known as a short squeeze. This dynamic occurs when traders who had bet against ETH (shorts) are forced to close their positions by aggressively buying back the asset to limit losses. Meanwhile, ETH inflows to Binance have also spiked. On-chain exchange data suggests that 177,000 ETH was deposited into Binance over a three-day period – an unusually high volume. Such a surge typically signals increased selling pressure or large-scale repositioning by major holders. Large transfers of ETH to exchanges often precede either potential sell-offs or liquidity provisioning. In conclusion, Taha noted that while a short-term correction may be likely, ETH’s breakout above $2,500 underscores the aggressive speculative activity driving its recent price action. Traders are advised to closely monitor funding rates and exchange flows for signs of an impending retracement. ETH Bulls Take The Charge Recent technical analysis suggests ETH may be gearing up for a breakout above the $2,800 resistance level. The asset also recently formed a golden cross on the daily chart, fuelling speculation that a new all-time high (ATH) could be within reach. That said, ETH is not entirely in the clear. Technical analyst Crypto Wave recently predicted that the cryptocurrency may revisit lower levels in the $1,700 to $1,950 range. At press time, ETH trades at $2,429, down 0.4% over the past 24 hours.

Data shows the Bitcoin Open Interest on the cryptocurrency exchange Binance has recently shot up. What could this mean for the asset’s price? Bitcoin Binance Open Interest Has Seen A Sharp Increase As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest on Binance has spiked. The “Open Interest” refers to an indicator that measures the total amount of BTC positions that are currently open on a given derivatives platform. When the value of the metric goes up, it means the investors are opening up fresh positions on the market. As the total amount of leverage present in the sector rises when new positions appear, this kind of trend can lead to the asset’s price becoming more volatile. On the other hand, the indicator observing a decline suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Since leverage goes down with such a trend, the cryptocurrency can become more stable following it. Now, here is a chart that shows the trend in the 24-hour percentage change of the Bitcoin Open Interest for the Binance exchange over the past month: As displayed in the above graph, the 24-hour change in the Binance Bitcoin Open Interest recently shot up to a notably positive value, implying the number of positions on the platform saw a significant jump. At the peak of this spike, the indicator hit a value of more than 6%. From the chart, it’s visible that there have been a couple of other occasions that the metric has breached this mark during the past month. Interestingly, each of these spikes coincided with points that preceded a period of consolidation/decline for Bitcoin. As the quant notes, This recurring pattern suggests that large inflows into leveraged positions often precede periods where short-term gains are realized, leading to potential price pullbacks or sideways movement as market participants de-risk. The analyst has also shared another chart, this one tracking the 7-day change in the Realized Cap of the short-term holders and long-term holders. The “Realized Cap” refers to an indicator that keeps track of the capital that the holders have invested into Bitcoin. Below is a chart that shows the change in this metric for two investor cohorts, short-term holders (holding time of 155 days or lesser) and long-term holders (holding time greater than 155 days). As is apparent from the graph, the 7-day change in the Realized Cap has recently been positive for long-term holders, which suggests capital has been maturing from the short-term holders into this cohort. That said, earlier in the month, the indicator hit a peak of $57 billion, but today it has come down to just $3.5 billion. So, while capital is still aging into long-term holders, it’s now happening at a much slower rate. BTC Price Bitcoin has been attempting to break past the $108,000 mark, but so far, it hasn’t found success as its price is still trading around $107,200.