NFT News by Thebittimes.Com

In the last two months, traders from South Korea have largely contributed to the active growth in the volume of the cryptocurrency market . Thus, the share of local trading platforms has more than doubled since January of this year – from 5.2% to 12.9%, Bloomberg reported. According to Jamie Sly of CCData, South Korean platforms have played a huge role in the growth of trading activity on centralized exchange s (CEX). He also added that most of the trading volume came from domestic Upbit. Source: Bloomberg Analysts from the South Korean blockchain platform CryptoQuant emphasized that traders from South Korea are responsible for the global growth in altcoin trading volume. Earlier this month, Korea’s second-largest exchange , Bithumb, is set to enter the local stock market in 2025. Now the site is preparing for an initial public offering (IPO) on KOSDAQ, the South Korean analogue of Nasdaq. It is assumed that in this way the crypto platform wants to increase user ...

Cathie Wood is taking profits from ARK Invest’s Coinbase holdings by selling a small portion of its stash. Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase holdings by selling a small portion of its stash. On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds, the ARK Innovation ETF. According to the trade notification seen by Cointelegraph, the amount that was sold made up 0.14% of the fund’s total holdings. The sale comes as the Coinbase stock price has sharply increased. On July 11, the price briefly surpassed $90, surging from around $82 to as high as $90.9, according to data from TradingView. Following Wood’s sale, the stock closed at $89 on Tuesday. According to TradingView data, Coinbase stock is up more than 60% over the past month, while the year-to-date increase is more than 140%. Coinbase 7-day price chart. Source: TradingView The new sale b...