{"id":77971,"date":"2023-10-28T20:42:32","date_gmt":"2023-10-29T00:42:32","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/digital-asset-product-aum-surged-to-31-7-billion-in-october-binance-validated-300-user-suggested-features\/"},"modified":"2023-10-28T20:42:38","modified_gmt":"2023-10-29T00:42:38","slug":"digital-asset-product-aum-surged-to-31-7-billion-in-october-binance-validated-300-user-suggested-features","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77971","title":{"rendered":"Digital Asset Product AUM Surged to $31.7 Billion in October, Binance Validated 300 User-suggested Features"},"content":{"rendered":"<div>\n<figure id=\"attachment_121908\" aria-describedby=\"caption-attachment-121908\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-121908\" class=\"wp-caption-text\">Source: AdobeStock \/ okawa<\/figcaption><\/figure>\n<p><em>Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.<\/em><br \/>__________\n<\/p>\n<ul>\n<li>In October, the total assets under management (AUM) for digital asset products surged by 6.74% to reach $31.7 billion, marking the first increase since July 2023, according to crypto data provider <strong>CCData<\/strong>\u2019s Digital Asset Management Review. Average daily aggregate volumes of digital asset investment products went up 44.3% to $230 million. The increase reflected the positive sentiment of market participants surrounding exchange-traded fund (ETF) approvals, it noted. <strong>ProShares BITO<\/strong> continued to dominate volumes with an increase of 30.0% to $104 million in average daily volumes, after a decrease of 48.0% from September. <strong>Grayscale\u2019s GBTC<\/strong> followed with an average daily volume of $62.0 million, a significant 73.7% increase from September, the report said.<\/li>\n<li><strong>Aera<\/strong>, an autonomous treasury management protocol for decentralized autonomous organizations (DAOs), announced its official general availability launch and closing an $8 million token sale led by <strong>Bain Capital Crypto<\/strong>. The pre-launch funds generated from the token purchase will be used exclusively for developing and maintaining the Aera protocol, said the press release. Protocols and institutions currently manage more than $4.3 million of their treasuries using Aera, it added.<\/li>\n<\/ul>\n<ul>\n<li><strong>Binance<\/strong>\u2019s Feature Request &amp; Feedback Board gets hundreds of requests and suggestions every month: in September alone, the exchange validated over 300 suggested features from its users, said the exchange\u2019s CEO Changpeng Zhao. The team already shipped many of them, he said, adding that more information on this will be shared soon. Binance has dedicated staff focused on processing users\u2019 requests and feedback, feeding them to the product teams, and many of them are eventually built, the CEO stated.<\/li>\n<li><strong>Bitget<\/strong> announced the success of its inaugural <strong>Bitget Builders Program<\/strong>, unveiling its second phase. Following the recruitment of 100 young talents in the first phase of the <strong>Blockchain4Youth<\/strong> charity initiative, the exchange is now preparing to engage another hundred young individuals globally, offering them education, training, and hands-on industry exposure in the realms of crypto, blockchain, and Web3, said the press release. Launched in May 2023. the initiative has committed $10 million in funds over the next five years.<\/li>\n<\/ul>\n<ul>\n<li><strong>Solana Labs<\/strong>, which builds products and tools on the <strong>Solana<\/strong> blockchain, announced the launch of the <strong>Solana Incubator<\/strong> program. According to the press release, the program is designed to attract technical teams who want to utilize the Solana network\u2019s benefits while leveraging the knowledge, resources, and connections provided by Solana Labs. \u201cBy providing start-ups an avenue to work closely with the experienced team at Solana Labs, the Solana Incubator aims to ease the engineering and go-to-market pain points that many founders face in Web3,\u201d it added.<\/li>\n<\/ul>\n<ul>\n<li><strong>Binance<\/strong> promoted Kyrylo Khomiakov, its Central and Eastern Europe (CEE) General Manager, to Regional Head for both CEE and Central Asia. In this role, he will work to enhance the exchange\u2019s product delivery, growth, education initiatives, fiat channels development, and user experience, said the announcement. Having previously served in various leadership roles, Khomiakov, with his deep understanding of local markets, is set to guide development across 14 countries.<\/li>\n<\/ul>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/today-in-crypto-digital-asset-product-aum-surged-to-31-7-billion-in-october-binance-validated-300-user-suggested-features.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ okawa Get your daily, bite-sized digest of cryptoasset and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s crypto news.__________ In October, the total assets under management (AUM) for digital asset products surged by 6.74% to reach $31.7 billion, marking the first increase since July 2023, according to crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-77971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Digital Asset Product AUM Surged to $31.7 Billion in October, Binance Validated 300 User-suggested Features | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ okawa Get your daily, bite-sized digest of cryptoasset and blockchain-related news 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