Research: Best Crypto Exchanges for Scalpers
Deribit cryptocurrency exchange decided to analyze the speed of closing orders as it is one of the most important indicators for traders. The value of assets is changing so rapidly that time really matters in this case. Apart from Deribit, Bitfinex, Binance, Coinbase, Bitmex, and Okex exchanges also participated in the analysis. And here are the results.
On each exchange, the most liquid pair was checked to determine the time required to add a limit order and execute a market order. Most of the sites from the list could not perform any task in less than 10 milliseconds. Okex in this test proved to be the worst. Some exchanges recorded a significant number of cases where the transaction took more than one second, Bitmex showed the largest percentage of such orders.
Keeping Up With Monero Update
The Monero Protocol Update was launched on October 18, and so far everything looks as good as it can be expected from such a huge update. iHodl is following up with the gigantic update and checking the community feedback on that matter. On Reddit and Twitter, there are some complaints about the hash rate, transactions, etc…
Huobi Wallet Houses All Stablecoins & Lists Its Own
Singapore-based Huobi, which is among the top-5 leading cryptocurrency exchanges in the world with the daily trading volume of more than $400 million, has announced its wallet will now support all seven stablecoins currently existing in the market.
The addition of new digital analogs of USD and EURO is aimed at creating the alternatives to the exchange users, which earlier had access to the Tether coin. Recall that the first announcement regarding the listing of four new stablecoins was made just three days ago. The platform has promised to add $PAX, $TUSD, $USDC, and $GUSD to its exchange starting from October 19.
In addition to the "full house" of stablecoins available for the Huobi Wallet users, the company has announced the start of the deposit for the $PAX, $TUSD, $USDC, and $GUSD at the exchange itself. The selection of four stablecoins newly presented on the platform became the base for a new one. Huobi's HUSD, will be exclusively trading on its platform and will be the exchange's native token. HUSD Token is a new solution created by the platform that will “eliminate the need to choose between multiple stablecoins,” and will save the cost when the users of the exchange would like to switch between stablecoins.
What Else:
- The U.S. Securities and Exchange Commission (SEC) has announced the launch of a Strategic Hub, that will be responsible for Innovation and Financial Technology (FinHub).
- Principal Technologist of Gates Foundation, Miller Abel, has said on Twitter, that foundation is partnering with Ripple (XRP) and Coil to implement the Interledger protocol and explore integration of pro-poor payment systems in Majorloop.
- Blockchain startup Waves has announced on its forum beta version of Waves Keeper, a special browser extension.
- BrewDog company that has a net of 70 bars worldwide famous for its craft beer has opened its first bar in London that accept Bitcoin and Bitcoin Cash cryptocurrencies as means of payments today.
At 19:00 (GMT+1) total cryptocurrency market capitalization stands at $208.3 billion
- Bitcoin (Bitcoin) $6468 (-0.67%)
- Ethereum (ETH/USD) $204 (+0.32%)
- XRP (XRP/USD) $0.45 (+0.21%)
- Bitcoin Cash (Bitcoin.Cash) $441 (-0.07%)
- EOS (EOS/USD) $5.34 (-0.21%)
Stellar (+3.32%) showed the best growth in the top-10 Digitex Futures (+20.81%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $10.7 billion (-0.4 billion per day)
Mining Profitability
- BTC $2.36 for 10 TH/s
- ETH $0.16 for 10 MH/s
- BCH $0.24 for 1 TH/s
- LTC $3.33 for 1 GH/s
- DASH $0.06 for 1 GH/s
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