CoinExchange to Stop Operations

According the company, the decision was made due to a fact that maintenance costs exceeds the profit
02 October 2019   194

The board of directors of the cryptocurrency exchange CoinExchange decided to close the platform.

The exchange said that the shutdown is "solely a business decision" and has nothing to do with any incident like hacking.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.
 

CoinExchange

Acceptance of deposits and trading on the exchange will be stopped on October 15. Users are strongly recommended to withdraw all funds before December 1.

CoinExchange was founded in 2016. The exchange provided access to more than 540 trading pairs.

Binance Futures to Report on Month's Success

For example, On October, the 24h trading volumed reached 69 158 BTC (more than $500k)
16 October 2019   76

The crypto-derivative platform Binance Futures reported on the progress achieved in a month.

The blog of the largest Bitcoin exchange Binance says that during the first day the volume of trading on its unit was 19 253 BTC. Just 10 days later, this figure grew almost 4 times and reached a record 74,647 BTC. Thus, the turnover on Binance Futures quickly exceeded the trading volume in the BTC / USDT spot pair on Binance.com.

On October 8, Binance Futures became the fourth largest crypto derivative platform.

As of October 14, the daily turnover of this platform amounted to 69,158 BTC (> $ 500 million), which is comparable to the real trading volume on the 10 largest exchanges according to Bitwise. At the same time, the total daily trading volume on the regulated exchanges CME and Bakkt now amounts to only $ 84 million.

Many futures traders are also using our industry-leading spot market for hedging or conducting arbitrage trades. We have seen increased activities from these traders transferring in and out from spot to futures during volatile periods. The liquid and ease to use spot market, as well as the simple process to transfer capital between spot and futures, provides our customers with the most efficient manner to trade both markets. 
 

Binance Team

Also, according to them, the derivative exchange's matching engine is capable of processing 100 thousand orders per second.