FTXafter the collapse of cryptocurrency exchangesaccelerated its work on financial solvency and security.
Last month, the cryptocurrency market was shaken by the bankruptcy of FTX. Many crypto organizations FTX bankruptcy because of affected by the liquidation problems. Especially in cryptoThe proof-of-reserve system of exchanges, which is reflected as the new era, drew attention.
Data analysis platform nansen, after FTX Bybit, KrakenAnd Bitget’s reported an increase in volume. In addition, cryptocurrency exchanges have focused on taking tighter security measures and protecting financial strength.
Post-FTX Jobs Held ‘Tight’ on Crypto Exchanges
Cryptodata platform nansen, of FTX Afterwards, he stated that despite the low volumes in crypto exchanges, several exchanges came to the fore. According to Nansen’s report, of FTX crashedabout six months after November, Bybit, KrakenAnd bitgetThere were stock markets that became profitable.
Kraken reports average monthly trading volumes 14.4 percent It increased to approximately 19 billion dollars with an increase of . On the other hand Bybit increased its monthly volume by 7.65 percent to $ 18.2 billion.delivered.
FTX in the processThe only cryptocurrency exchange that has not been shaken was Binance. Binanceduring the downturn -0.2 percentwith a drop $444 billiontransaction volume.
bitgetOn the other hand, when we look at the derivative platform in particular, From the collapse of FTXwithin the next six months $204 billiongained volume.
On the other hand, dealing with the low volume in the general stock markets, nansen, FTXHe mentioned the investor shock after the bankruptcy and the emergence of decentralized exchanges. nansenannounced that these factors affected the stock markets.
Also, stock markets of FTX next started to take more strict measures and take concrete steps. The proof-of-reserve system of exchanges, on the other hand, marked the beginning of a new era.
