Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States.
Until further notice we would suggest to not deposit either FIAT or Crypto
We will provide updates when available.
Crypto struggles amid broad sell-off, while CEX’s see uptick in trading volumes
Trading volumes on centralized crypto exchanges saw a roughly 6.6% MoM increase in August, reaching $1.2 trillion and exchanges in North America experienced more than a 21% increase in activity compared to July
However, bitcoin was trading around $57,800 on Monday, marking a roughly 10% decline from the week prior. Ethereum followed a similar trend with a current price of roughly $2,400 🔴
More than $162 million in crypto liquidations occurred last weekend, primarily from long positions, as US bitcoin ETFs experienced net outflows totaling $276 million
These increasing centralized exchange volumes could potentially signal more bullish trends for the industry in the coming months. Upcoming economic announcements by the Fed in mid September will likely have more noticeable effects on sentiment
- The Gemini Team
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