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Cryptocurrency trading website Robinhood's crypto business is declining, XBIT may become a new option
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Cryptocurrency trading website Robinhood's crypto business is declining, XBIT may become a new option
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JPMorgan analyst Kenneth Worthington predicts that the record cryptocurrency trading revenue of Robinhood, a well-known cryptocurrency trading website, in the fourth quarter of 2024 will be difficult to sustain, and the digital asset trading volume may decline in the first quarter of 2025. Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue, but affected by the double kill of stocks and bonds in the late first quarter and the correction of the cryptocurrency market, it is expected that the crypto trading volume in the quarter will drop from US$71 billion in the fourth quarter to US$52 billion. Although the US tariff policy in early April stimulated retail buying, analysts believe that it is difficult to reverse the decline in the first quarter, and weak demand for margin and derivatives trading may further drag down performance.

At the same time, the XBIT decentralized exchange platform has gradually become a new choice for investors with its unique advantages. The platform uses advanced blockchain technology to achieve decentralization and transparency of transactions, allowing users to trade cryptocurrencies more safely. Unlike traditional centralized exchanges, there is no need to custody assets through third-party institutions, which reduces trading risks and provides a higher degree of trading freedom. In addition, XBIT also supports seamless transactions of multichain assets, introduces zero-knowledge-proof technology to improve transaction speed, and creates the "community heat index" and one-click liquidity mining functions, bringing users a good trading experience.

In the current complex market environment, traditional cryptocurrency websites such as Robinhood are facing the challenge of declining performance, and the XBIT decentralized trading platform is expected to provide investors with more reliable trading options with its security, transparency and flexibility. Its "on-chain fuse" mechanism freezes transactions and initiates community voting when prices fluctuate violently, trying to replace human intervention with code rules, while ensuring safety and compliance, and bringing users a new trading experience. This innovative mechanism makes it stand out in the field of decentralized exchanges and become the focus of investors' attention.

XBIT's market performance is indeed very impressive, and it has become a popular choice among "cryptocurrency websites". As the world's first platform to pass the EU MiCA 2.0 and US SEC dual certification, it continues to make breakthroughs in technological innovation and user experience optimization. The "AI dynamic circuit breaker leverage system" it launched uses zero-knowledge-proof and quantum-resistant encryption technology to analyze social media sentiment and on-chain transaction density in real time, dynamically adjust leverage multiples, and effectively reduce the risk of users' liquidation. In addition, the platform was the first to access the trading pair of interest-bearing synthetic stablecoin USX, with a slippage rate stable at 0.08%, becoming one of the first decentralized trading platforms to support this asset. The multichain compatibility and compliance operation model of the XBIT decentralized exchange platform shows strong resilience. It accesses 70% of the token issuance of the Solana chain, building a complete closed loop from primary market IDO to secondary market transactions. Data shows that the proportion of institutional accounts on the platform has soared to 39%, and giants such as Goldman Sachs and SoftBank have completed more than US$1.5 billion in bulk transactions through their "zero-knowledge KYC" channel. XBIT also uses its original cross-chain aggregation engine to intelligently match the liquidity pools of mainstream public chains and reduce the slippage of large transactions to less than 0.3%. This technological progress has been evaluated by industry analysts as "a key step in promoting decentralized finance to large-scale applications."

As the cryptocurrency market continues to develop, the market demand for decentralized exchanges is also increasing. With its security, transparency and flexibility, the XBIT decentralized exchange platform is expected to provide investors with more reliable trading options.


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