Bitcoin Trading Volume

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Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%

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Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021 … Read more

Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

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Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows. Bitcoin’s Volume Growth … Read more

Crypto Exchanges Register Their Best Year yet in 2018 Despite Price Dip As Bitcoin Dominates

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Bitcoin may have shed 80 percent of its value in the last 12 months, but crypto exchanges had their best year yet. Coinbase, the biggest exchange in the U.S, experienced a 21 percent increase in 2018, with the first quarter of the year being the most successful. However, the volume on some crypto exchanges dipped … Read more

U.K’s Oldest Bitcoin Exchange Lays Off Most Of Its Workers, Blames Bearish Market

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When the prices of cryptos skyrocketed in 2017, hundreds of crypto exchanges sprung up as the number of people interested in trading cryptos shot up. However, the market has cooled off significantly, Bitcoin is trading at a third of its December high price and the exchanges are feeling the heat. U.K’s oldest crypto exchange Coinfloor … Read more