BingX Sponsors CoinGecko's 2024 Q3 Report: Bitcoin Dominance Grows as Gold and Prediction Markets Outperform in a $2.33T Market

October 22, 2024 11:16 PM AEDT | By Cision

BingX Sponsors CoinGecko's 2024 Q3 Report: Bitcoin Dominance Grows as Gold and Prediction Markets Outperform in a $2.33T Market — Image source: Kalkine Media

Recent News

Klaviyo stock: Stifel initiates coverage with a buy rating

Peloton partners with Costco to sell Bike+, shares jump

Delta Air Lines to Deliver First-Of-Its-Kind CES Keynote at Sphere

SeABank reaches impressive PBT in the first 9 months, maintains CASA g...

VILNIUS, Lithuania, Oct. 22, 2024 /PRNewswire/ -- BingX, a leading global cryptocurrency exchange known for its user-centric platform and innovative trading solutions, proudly announces its sponsorship of CoinGecko's 2024 Q3 Crypto Industry Report. This sponsorship is a continuation of BingX's dedication to fostering transparency, empowering users, and promoting greater understanding within the Web3 industry.

BingX Sponsors CoinGecko's 2024 Q3 Report: Bitcoin Dominance Grows as Gold and Prediction Markets Outperform in a $2.33T Market

"BingX's sponsorship of CoinGecko's quarter report reflects our commitment to transparency and education within the crypto space," said Vivien Lin, spokesperson at BingX. "By supporting this report, we ensure that users have access to independent, reliable data to make informed trading decisions. Trust and knowledge are fundamental to success in this industry, and we are proud to play a part in delivering these to the global crypto community."

CoinGecko's 2024 Q3 Crypto Industry Report offers a detailed overview of the crypto landscape. The total crypto market cap declined by 1.0%, closing the quarter at $2.33 trillion. Bitcoin's dominance rose to 53.6% of the total market cap. However, major asset classes outperformed Bitcoin, with gold appreciating by 13.8%. Prediction markets saw significant growth, surging 565.4%, with Polymarket holding 99% of the market share. Transactions on Ethereum Layer 2 grew by 17.2%, led by Base. Meanwhile, spot trading volume on centralized exchanges dropped 14.8% quarter-on-quarter, falling to $3.05 trillion. While Ethereum remained the leading chain for DEX trading, it is rapidly losing market share to Solana and Base.

The report's insights are backed by thousands of data points, tracking price movements, trading volumes, on-chain metrics, and community growth, providing users with a holistic view of the crypto landscape. BingX's commitment to such educational efforts continues through this sponsorship, ensuring that traders are well-equipped to navigate the complexities of the Web3 ecosystem.

The insights provided in the Q3 Report are generated solely by CoinGecko, ensuring that the analysis remains free from external influence. BingX's sponsorship ensures that these vital insights are accessible to the broader community, from novice traders to institutional investors. As the cryptocurrency market continues to grow and evolve, BingX remains at the forefront, providing a platform that prioritizes security, user experience, and trust. Sponsoring CoinGecko's Q3 Report is another step in BingX's ongoing effort to provide its community with the tools and information they need to succeed in a rapidly changing market.

About BingX

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://BingX.com/

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.