• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Wednesday, July 9, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Several Trading Platforms Are Now Battling Cryptocurrency’s Liquidity Issue

Several Exchanges Are Halting Withdrawals

Martin Collier by Martin Collier
June 24, 2022
in News
Reading Time: 3 mins read
0
cryptocurrency exchanges liquidity
19
SHARES
Share on TwitterShare on Facebook

An industry spread selloff in digital assets from significant exchanges and the fall of highly rated tokens like TerraUSD and Luna have triggered ripple effects across the crypto industry.

The recent mass crypto liquidation wave has triggered fear of contagion risks. Major DeFi lenders Celsius Network and Babel Finance froze withdrawals, and Three Arrows Capital, a major crypto hedge fund, is facing liquidity troubles that have rattled investors.

Looming Crypto Winter has Triggered Mass Fears

Bitcoin plummeted below $21,000 on Tuesday, extending severe drops from the previous day and sliding deeper into 18-month lows. According to reports from CoinMarketCap, the combined value of all digital tokens fell below $1 trillion in early 2021.

“Events like the peg break of the UST last month may recur,” analysts from bear markets revealed.

Exchanges are Limiting or Halting Withdrawals

Crypto Physical Futures exchange CoinFlex stated it had halted all withdrawals from its platform, citing “extreme market conditions” from last week and “looming uncertainty surrounding a counterparty.” The company claimed that Three Arrows Capital or any other lending company is not the counterparty.

Voyager Digital Ltd., a cryptocurrency brokerage and exchange, is capping customer withdrawals from its platform at $10,000 and 20 transactions per day.

The New York-based company disclosed the limits on its website after securing $485 million in credit lines from Alameda Research in the previous week to strengthen safety for customer assets.

A cryptocurrency lender called Nexo announced that it had enlisted Citigroup Inc. to provide advice on potential acquisitions. Nexo has positioned itself as immune to the storms roiling decentralized finance.

In a blog post from June 22, the lender stated that it was looking for “best-in-class guidance” from the bank, including on “liquidity restructuring arrangements.”

Celsius has received an unsolicited bid to buy its assets in response to rumors of freezing investor withdrawals. Staked ether, a variation of the ether cryptocurrency that offers users rewards on their deposits, is one of Celsius’s well-known assets in the DeFi market.

Voyager In Debt Turmoil

Voyager, a cryptocurrency trading site, revealed on Wednesday that it had lent 3AC USDC and Bitcoin worth over US$650 million, which the latter may not be able to repay. This has led to a cut on its withdrawal limits to $10,000 per day.

If 3AC does not pay back USDC totaling $25 million by this Friday and the remaining loan balance by June 27, Voyager said it would issue a notice of default. Since it was revealed that Voyager was exposed to 3AC, the company’s share price has decreased by about 55%.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Image Source: mysteryshot/123RF

Tags: cryptocurrency
Previous Post

Bitcoin, Ethereum, BNB, XRP, Solana Price Show Bullish Momentum as Global Crypto Market Recovers

Next Post

Top 5 Most Advanced AI Robots in 2022

Related Posts

Featured

Trump Unveils New Crypto Strategy

July 7, 2025
Featured

XRP Breakout: Is a Bullish Move Coming?

July 6, 2025
Featured

XRP Price Could Hit $10 with Ripple Efforts

July 5, 2025
Featured

Trump WLFI Faces Key Governance Vote

July 4, 2025
Featured

Sweden Orders Crypto Seizures Without Proof

July 4, 2025
XRP Price Prediction – 95% ETF Approval Odds: Could XRP Hit $1,000
Market Analysis

XRP Price Prediction, 95% ETF Approval Odds: Could XRP Hit $1,000?

July 2, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier