{"id":8963,"date":"2023-07-02T11:32:57","date_gmt":"2023-07-02T04:32:57","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=8963"},"modified":"2024-05-13T07:42:29","modified_gmt":"2024-05-13T00:42:29","slug":"monthly-report-06-2023","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/monthly-report-06-2023\/","title":{"rendered":"Monthly Report 06-2023"},"content":{"rendered":"<p>This is the June 2023 edition of the monthly report. This was previously exclusive to <a href=\"https:\/\/newsletter.bitcoinvn.io\">newsletter<\/a> subscribers. Going forward, we will post the reports here too with a slight delay. We promise to keep you up-to-date on everything related to <a href=\"https:\/\/bitcoinvn.io\">BitcoinVN, your favorite Cryptocurrency Exchange in Vietnam<\/a>.<\/p>\n<h2>Business news<\/h2>\n<p>With the BTC price ranging between $25k and $31k, our exchange volume remained steady, short by only 1.6% compared to May.<\/p>\n<p>Assets such as <strong>VND and all stablecoins<\/strong> still make up the minority of the deposit volume (40%), as well as the majority of the settlements (57%), indicating that our users still like to play it safe at this time.<\/p>\n<figure style=\"width: 1292px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.imgur.com\/ZUBWtLk.jpg\" alt=\"Settle volume by asset type\" width=\"1292\" height=\"446\" \/><figcaption class=\"wp-caption-text\">Settlement volume by asset type, red = stable (fiat\/stablecoins)<\/figcaption><\/figure>\n<h3>Staking updates<\/h3>\n<p>In the wake of BCH&#8217;s sudden price increase by more than 200% within the span of a few days, the nominal returns were cut in half, making way for XMR and DOGE in terms of APR.<\/p>\n<p>Moreover, we have closed our Zilliqa and Avalanche staking vaults in a move to improve the overall quality of our staking options. Any staked ZIL and AVAX have been unstaked free of charge.<\/p>\n<h3>TikTok<\/h3>\n<p>In our never ending quest to grace the internet with our presence, we have decided to <a href=\"https:\/\/bitcoinvn.io\/news\/blow-your-heads-out-bitcoinvn-now-also-on-tiktok\/\">open up a TikTok account<\/a> and &#8211; to our delight &#8211; quickly accumulated around <strong>1000 followers<\/strong>. We didn&#8217;t buy them, we swear!<\/p>\n<p><a href=\"https:\/\/tiktok.com\/@bitcoinvn.io?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=Monthly+report+06-2023\">Follow us<\/a> to support BitcoinVN on TikTok. Don&#8217;t worry, we will not be dancing or lip syncing anytime soon.<\/p>\n<h3>We&#8217;re kind of a big deal (with the foreigners)<\/h3>\n<p>We did a little demographic research based on user-provided data.<\/p>\n<p>To summarize:<\/p>\n<ul>\n<li>We are far more popular with <strong>expats<\/strong> (22% of exchange volume) than with the <strong>locals<\/strong> (12% of exchange volume).<\/li>\n<li>Two thirds (66%) of our exchange volume is completely <strong>KYC-free<\/strong>.<\/li>\n<li>Only half of the exchange volume originates from within Vietnam, indicating how much BitcoinVN is used for remittance purposes.<\/li>\n<\/ul>\n<h3>Bitcoin Conference Thailand<\/h3>\n<p>We will join the upcoming inaugural Bitcoin Conference Thailand in Bangkok on the 15th and 16th of July.<\/p>\n<p>Our co-founder Dominik will take the stage, and a few other members should be scurrying around the venue as well. We&#8217;ll be happy to talk to you about Bitcoin and life in Vietnam in general.<\/p>\n<p>You can <a href=\"https:\/\/rightshift.to\/btc2023\/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=Monthly+report+06-2023\">grab your tickets here<\/a> and if you make it, stop by for a chat at our booth!<\/p>\n<h2>Product updates<\/h2>\n<ul>\n<li>We have overhauled our Tron wallet infrastructure, resulting in you receiving your TRX and USDT (TRC-20) settlements in seconds instead of minutes.<\/li>\n<li>We were told sharp edges are scary, so we made them more round on our user interface.<\/li>\n<li>Many other small UX improvements.<\/li>\n<\/ul>\n<p>That&#8217;s enough for now. Thanks for sticking with BitcoinVN!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the June 2023 edition of the monthly report. This was previously exclusive to newsletter subscribers. Going forward, we will post the reports here too with a slight delay. We promise to keep you up-to-date on everything related to BitcoinVN, your favorite Cryptocurrency Exchange in Vietnam. Business news With the BTC price ranging between [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":8966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10549,10441],"tags":[],"class_list":["post-8963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-sub-panel","category-monthly-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monthly Report 06-2023 - BitcoinVN News<\/title>\n<meta name=\"description\" content=\"Fiat and stablecoins still make up the majority of the settlements, indicating that our users still prefer to play it safe in this market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/news\/monthly-report-06-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monthly Report 06-2023 - 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