Coinbase Overhauls Their Fee Structure, Ethereum Leads List of Active Developers And Bitcoin Daily Trading Volume Reaches High — The Crypto2Cash Chronicle
It’s the first day of the new week, here’s what we’re reading in the Crypto2Cash Office today
Coinbase overhauls their fee structure
Coinbase, the most popular U.S.-based cryptocurrency exchange, has once again made itself very unpopular among it’s users. The exchange announced that it will make certain adaptions to the Pro version of their platform to “further optimize the health of their platform”. This will mostly have consequences for lower scale clients, with fees rising 33% for the lowest tier of people trading under $100k a year.
With most customers falling into the first tier it can be expected that some of them will switch to industry competitors like Binance, where fees are only half as high.
(Source: CCN)
Ethereum leads list of active developers
A study performed by crypto venture fund Electric Capital has shown that Ethereum has the largest number of developers working on their project in the crypto space, with 99 developers working on the core protocol and 216 working on other projects. Bitcoin follows with only around 50 active monthly contributors, however the development is still described as “very healthy”. The two projects that got rated the worst are Litecoin and Dogecoin. Litecoin went from 40 to only 3 active developers, while Dogecoin is “being abandoned”, currently noting 0 developers.
(Source: Cryptoslate, Electric Capital Blog)
Bitcoin daily trading volume reaches high
Bitcoin daily trading volume has exceeded the $11 billion mark for the first time since April 25th of last year. While the price of the crypto asset has more than halved since then, high trading are often an indicator of an upcoming positive price movement and are seen as a healthy development.
(Source: Coindesk)
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