CEX in red coins Huobi, Kucoin, and Binance as traders turn to the decentralized alternative Tradecurve is leading the way
Centralized exchanges have taken a huge hit due to regulations and lawsuits, and some of the most prominent examples of this decline are Huobi, Kucoin, and Binance Coin. Investors are turning their attention and capital to the decentralized alternative, where Tradecurve is leading the way to a future of DeFi and accessibility for everyone.
Huobi Enters the Red Zone
On June 9, 2023, Huobi was trading at $2.87. In the last two weeks, Huobi saw a significant decrease in value by 8.2%. Due to all-time highs, Huobi fell 92.78%; on May 12, 2021, it was trading at $39.66.
This trend shows that there is a decrease in the level of attractiveness and, consequently, the value of CEX tokens, of which one example is Huobi. Along with Huobi, investors are also moving away from KuCoin and BNB.
KuCoin Value Drops Significantly
KuCoin is another cryptocurrency that has seen a significant decline in value, where on June 9, 2023, it was trading at $6.74.
In the last 30 days, KuCoin has fallen 10.1%, and in the last week alone, Huobi has seen a decline of 8.6%. The all-time high KuCoin cryptocurrency was on December 1, 2021, at $28.83, indicating that KuCoin is now trading 76.62% below its ATH.
The Binance Coin Is Destroying Its Value
The Binance coin was the altcoin that took the most significant hit during this bear run, as it was trading at $260.35 on June 9, 2023. The Binance coin’s all-time high was on May 10, 2021, at $686.31. In the last 30 days, Binance coin is down 16.2%. In the last week alone, Binance coin saw an additional 15.2% decline.
When we talk about the weekly performance on the back of the Binance coin, the low was $257.29, with the high at $308.11. The difference is staggering and is an indication that traders are selling.
Tradecurve Climbs 50% and Leads the Way to DeFi
While Huobi, Kucoin, and Binance coins have decreased in value, the TCRV Tradecurve cryptocurrency has jumped by 50%. The problem with many CEXs is the fact that they all require complicated KYC procedures, high fees, and no privacy. On the other hand, Tradecurve does things differently by not requiring KYC, having low fees, and making everything accessible to anyone, anywhere, in a truly seamless approach.
Main benefits of Tradecurve is the fact that it allows users the opportunity to enjoy trading more than just crypto, as they can also get decentralized access to derivatives, such as CFDs, forex, indices, commodities, options, ETFs and bonds.
As a result, Tradecurve tailored for trading professionals who want to bypass any middlemen and deal with the wider market directly. This is the future of exchanges, and Tradecurve is at the forefront, where it can become a dominant force. TCRV was trading at $0.015 during its pre-sale Stage 3, but analysts expect a 100x gain at launch.
Visit the link for more information about Tradecurve and the TCRV token:
