Tag

Trading Volume

All articles tagged with #trading volume

World Cup Ignites Record Volumes in Prediction Markets
business10 days ago

World Cup Ignites Record Volumes in Prediction Markets

The 2026 FIFA World Cup sparked a dramatic surge in prediction-market activity in June, with Kalshi posting over $31 billion in notional volume and Polymarket surpassing $10.8 billion on its international exchange, while the new platform Rothera traded about $2 billion. U.S. platforms saw substantial volumes (Kalshi >$3.5B, Polymarket >$3.5B) and rising open interest (Kalshi >$1B, Polymarket ~$.4B), underscoring the World Cup as a major test for market integrity and regulatory scrutiny as platforms prepare for continued high-volume periods.

Kalshi Eyes IPO Path After Surging to Over $2B in Annualized Revenue
business25 days ago

Kalshi Eyes IPO Path After Surging to Over $2B in Annualized Revenue

Kalshi, an eight-year-old prediction-market platform, surpassed $2 billion in annualized revenue driven by sports-event bets (NBA and World Cup), prompting informal talks with investment banks about a future public offering; Kalshi is exploring bank integrations to reach institutional clients, but a listing is not expected until late next year or 2028.

Coinbase Surges on Strong Quarterly Earnings and Strategic Partnerships
business11 months ago

Coinbase Surges on Strong Quarterly Earnings and Strategic Partnerships

Coinbase reported a significant increase in second-quarter profit driven by a 9.5% rise in subscription and services revenue, despite a 2% decline in transaction revenue and sluggish retail trading volumes due to market uncertainty. The profit boost was mainly due to gains from investments in stablecoin issuer Circle and its crypto portfolio.

XRP Price Outlook: Resistance, Predictions, and Market Trends for 2025
cryptocurrency1 year ago

XRP Price Outlook: Resistance, Predictions, and Market Trends for 2025

XRP failed to break the $2.3 resistance level amid mixed signals: on-chain accumulation suggests potential for a rally, but declining trading volume and weak network activity indicate caution. Technical analysis shows a bullish weekly trend but ongoing resistance at $2.27-$2.32, with some signs of increasing bullish momentum in the short term.

Dogecoin Faces Mixed Trends Amid Whale Investments and Market Fluctuations
cryptocurrency1 year ago

Dogecoin Faces Mixed Trends Amid Whale Investments and Market Fluctuations

Dogecoin (DOGE) shows signs of a strong bullish reversal after a prolonged downtrend, with potential for a 32% rally if it breaks above $0.19. On-chain data indicates significant outflows and high leverage on long positions, suggesting strong investor interest and possible accumulation ahead of a breakout, though short-term downtrend signals remain due to the 200-day EMA.

XRP Faces Volume Drop Amid Mixed Signals and Rally Predictions
cryptocurrency1 year ago

XRP Faces Volume Drop Amid Mixed Signals and Rally Predictions

XRP has shown a price rebound to around $2.18 after recent losses, but a sharp 49% drop in trading volume raises concerns about the sustainability of the recovery. Market watchers are cautious, awaiting potential catalysts like ETF approvals that could trigger a breakout, while technical indicators suggest possible movement if resistance levels are broken with increased volume.

Dogecoin Surges in Korea Amid Musk and Trump Influence
cryptocurrency1 year ago

Dogecoin Surges in Korea Amid Musk and Trump Influence

Dogecoin (DOGE) has surged 116% over the past week, leading to a significant trading frenzy in South Korea, where the 'Kimchi Premium' has re-emerged. This premium refers to the price gap between South Korean and global exchanges, with DOGE trading higher on Korean platforms like Upbit and Bithumb compared to Binance. The memecoin's trading volume has spiked, with Upbit accounting for 20.7% of global DOGE trades. Analysts suggest DOGE could reach new all-time highs, potentially hitting the $1 mark soon.