PancakeSwap | Crypto

PancakeSwap claims its trading competition winners were selected randomly, but blockchain records suggest over half of them belong to a cluster of linked wallets. PancakeSwap’s trading competition was supposed to reward random winners, but blockchain records show that about half of the 1,700 winning wallets are part of connected clusters. The competition was the second of its kind and structured for investors to earn points by trading the tokens of five sponsors from the Binance Alpha program: League of Traders (LOT), Bedrock DAO (BR), MilkyWay (MILK), NodeOps (NODE) and Moonveil (MORE). To accumulate points, the trades had to be conducted on PancakeSwap, the top decentralized exchange (DEX) by total value locked on the Binance-founded BNB Chain.  Read more

PancakeSwap has introduced futures contracts tied to major U.S. stocks, enabling users to trade synthetic versions of Apple, Amazon, and Tesla shares directly on the blockchain, according to an Aug. 5 release. The new feature, live from Aug. 5, allows crypto users to open leveraged long or short positions using only a self-custodied wallet. Trades […] The post PancakeSwap launches tokenized stock futures for Apple, Tesla, Amazon with 25x leverage appeared first on CryptoSlate.

Turkish financial regulators have blocked access to decentralized exchange PancakeSwap and 45 other crypto-related websites as part of a broader crackdown on unauthorized digital asset services. In a July 3 bulletin, the Capital Markets Board (SPK) announced legal action against the websites, citing provisions of Turkey’s Capital Markets Law. The regulator said the targeted platforms […] The post Turkey blocks access to PancakeSwap, 45 crypto websites in regulatory crackdown appeared first on CryptoSlate.

The decentralized exchange was one of 46 websites Turkey's financial regulator said would be blocked for residents. Turkey’s Capital Markets Board, the country’s financial regulator, announced it had blocked access to websites “providing unauthorized crypto asset services.” In a Thursday notice, the Capital Markets Board said it had taken legal action against 46 websites, including decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to residents of Turkey. The regulator cited the country’s Capital Markets Law as its authority to block the websites. PancakeSwap reported more than $325 billion in trading volume for June, making it one of the most significant decentralized exchanges alongside Uniswap and Curve. It’s unclear how Turkish authorities determined the platform had been offering “unauthorized” services. Read more

PancakeSwap posted $325 billion in June trading volume, its highest ever, as crosschain swaps and Solana expansion fueled growth and dominance on BNB Chain. PancakeSwap, a multichain decentralized exchange (DEX), reported a record-breaking $325 billion in trading volume for June, the highest monthly trading volume in the platform’s five-year history.  The June total surpassed May’s $174 billion and pushed PancakeSwap’s second-quarter volume to $530 billion, more than doubling the $211 billion recorded in the first quarter, according to data from Dune Analytics. Related: PancakeSwap launches one-click crosschain swaps to simplify DeFi UX Read more

Decentralized exchanges processed over $513.5 billion in trading volume over the past 30 days. Daily turnover averaged $15.93 billion, keeping pace with the seven-day total of $107 billion and indicating a sustained rise rather than a short-term spike. If sustained, the current monthly rate would annualize to over $6 trillion in trading volume, more than […] The post PancakeSwap extends lead as monthly DEX volume tops $500B appeared first on CryptoSlate.

PancakeSwap has emerged as the highest revenue-generating platform in the crypto industry over the last 24 hours, outpacing even major players like Tether. According to DeFiLlama data, PancakeSwap generated $24.6 million in fees on July 17, eclipsing Tether’s $19.9 million during the same period. This marks the DEX platform’s second-largest single-day fee haul, just behind […] The post PancakeSwap surpasses Tether with $24.6M daily revenue, driven by record $10B trading surge appeared first on CryptoSlate.