ChainCatcher news, according to FinanceFeeds, eToro has expanded its cryptocurrency offerings in Germany by launching a spot trading service, whereas previously German users could only trade cryptocurrency contracts for difference (CFDs) on the platform. eToro announced that it has partnered with two local companies regulated by BaFin to support the spot cryptocurrency trading service, with DLT Finance responsible for spot trade execution and Tangany handling digital asset custody.Under the new arrangement, German traders will interact with DLT Finance as their counterparty, while Tangany will hold their cryptocurrency assets on behalf of eToro. To trade, users need to agree to the terms of service of the three entities (eToro, DLT Finance, and Tangany), and eToro plans to charge a 1% fee on cryptocurrency transactions.

ChainCatcher message, according to a recent report by Finery Markets, the institutional cryptocurrency market experienced significant growth in the first half of 2024, with total spot trading volume soaring 95% year-on-year.The report highlights that the first half of 2024 is a critical period for institutional adoption of cryptocurrencies. Bitcoin ETFs have been launched in Australia, the United States, and Hong Kong. VanEck's application for a Solana ETF underscores the growing trend of diversification in cryptocurrency investment tools.Additionally, despite lower institutional participation, some altcoins (such as TRX and BNB) showed substantial growth, with spot trading volumes increasing by 202% and 129% year-on-year, respectively. In contrast, Ripple (XRP) saw a year-on-year decline of 18%.

ChainCatcher news, according to Bitcoin.com, a recent report from Finery Markets shows that in the first half of 2024, the spot trading volume in the over-the-counter (OTC) institutional cryptocurrency market has significantly increased, with a year-on-year growth of 95%.The Finery Markets team analyzed data from 2 million spot trades conducted by institutions in the first half of 2024 and compared it to the same period in 2023. This strong growth is attributed to several factors, including the approval of spot Bitcoin exchange-traded funds (ETFs) and increased institutional participation in the cryptocurrency market.

ChainCatcher news, Binance's Japanese subsidiary Binance Japan will provide cryptocurrency spot trading services, but will not offer leveraged trading using margin. Binance Japan will support 34 cryptocurrencies, including BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, ENJ, SAND, ASTR, BCH, BNB, MATIC, XLM, ATOM, XRP, BAT, MKR, XTZ, AVAX, LTC, DAI, IOST, XEM, ASX, CHZ, DOGE, JASMY, LINL, SHIB, SOL, TRX, ONT, and ZIL.In addition, Binance Japan is considering supporting other cryptocurrencies that are not yet launched in the Japanese market, which is currently in the preparation stage, and specific cryptocurrencies have not been disclosed. They also plan to offer "Simple Earn" and "NFT marketplace" services.

ChainCatcher news, according to cryptocurrency market data provider Kaiko, the cryptocurrency spot trading market is becoming increasingly concentrated, with the top two cryptocurrency exchanges accounting for over 50% of the entire spot trading market, a slight increase from 2020. In 2020, the largest trading platform, Binance, accounted for only 24% of the spot market, while the current figure exceeds 50%.Kaiko stated: "In the context of broader market activity being subdued, this trend may continue, putting pressure on smaller trading platforms."

ChainCatcher news, according to The Block data, the 7-day moving average of daily cryptocurrency trading volume has decreased from a recent high of $19.4 billion on June 27 to $14.2 billion on July 8. The figure was slightly above $15 billion on Friday. According to analysis by The Block Research, the rebound driven by spot Bitcoin exchange-traded funds has stopped translating into an increase in cryptocurrency trading volume.Meanwhile, Bitcoin's price has remained relatively stable during the same period. The sluggish activity in spot exchange cryptocurrency trading may indicate that activity has shifted to derivatives or over-the-counter trading. Since BlackRock submitted its application for a spot Bitcoin ETF on June 15, the price of Bitcoin has risen by more than 18%. The open interest in CME's Bitcoin futures market has reached $2.7 billion.

According to Chain Catcher news and a report by Decrypt, Coinbase's U.S. policy head Kara Calvert stated that the trading platform supports two bills currently under congressional review, which would allow and authorize the Commodity Futures Trading Commission (CFTC) to regulate cryptocurrency spot markets.It is reported that the CFTC can currently only regulate crypto derivatives (such as futures), and authorizing the regulation of spot cryptocurrencies means that the CFTC can oversee real-time trading on crypto trading platforms. (Decrypt)