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With bitcoin in sight of its all-time high, your no-coiner family and friends are sure to be full of questions this holiday season. CoinDesk has the answers you need, courtesy of a few well-placed friends.

Crypto exchange Binance has eclipsed $132 billion in trade volume for the month of November, reaching a new monthly high. 

The company’s previous monthly high for volume was in August, which came in at $124.9 billion. 

As the chart above shows, monthly volumes on exchanges are at their highest level since the start of 2018. As was the case then, the price of bitcoin is near its all-time high point.

For more information on cryptocurrency exchange volumes, visit The Block Crypto Data.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

Coinbase has also changed the way it will alert clients to relevant tax information.

Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on mainnet when they meant to use its testnet.

U.S.-based asset manager VanEck has gone live with a bitcoin exchange-traded note (ETN) on the Deutsche Boerse Xetra marketplace.

VanEck was one of a number of firms that were unsuccessful in their attempts to get a bitcoin exchange-traded fund listed in the U.S. Regulators repeated cited the risk of market manipulation and the lack of surveillance agreements among exchanges for their hesitation in approving such products. 

Investors can use the new VanEck product to gain exposure to bitcoin without having to purchase it themselves, according to a VanEck press release. The VanEck product, the company says, aims to mirror bitcoin’s performance. The ETN is physically backed by bitcoin.

“Bitcoin’s low correlation to other asset classes makes it an excellent way to contribute to the diversification of a portfolio,” Martijn Rozemuller, Head of Europe at VanEck, said in a statement. “With our VanEck Vectors Bitcoin ETN, we offer a product that allows investors to benefit from the performance of Bitcoin.”

VanEck is to partner with the crypto custodian Bank Frick to hold custody of the bitcoin tied to the ETN, according to ETF Stream. The German trading system Xetra filed the VanEck Vectors Bitcoin ETN (VBTC) with a total expense ratio of 2%.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin’s price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

Quick Take

• The Block Research has analyzed 123 cryptocurrency exchanges (spot and derivatives) that either cater to specific regions of the world or operate internationally
• Roughly $1.5 billion in venture funding has been allocated to cryptocurrency exchanges across 200 investment deals since 2012
• In aggregate, roughly $1.1 billion has been spent over 15 deals involving purchasing a cryptocurrency exchange
• Digital Currency Group has been the most active investor in cryptocurrency exchanges with 19 total investments

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