Trading Volumes Rise on US-Based Cryptocurrency Exchanges! Here Are the Details
In the crypto market, USD-backed exchanges saw a significant recovery in trading volume last month. Total volume on platforms offering direct trading in USD pairs and stablecoins like USDT and USDC reached $279 billion. Trading Volume Increases on USD-Backed Crypto Exchanges: US Investors Re-Active While market leaders Crypto.com, Coinbase, and Kraken maintain their strong positions in USD-based trading pairs, smaller exchanges have also begun to share in this increase. Although US users face restrictions on many global platforms, they still account for over 10% of global trading volume, highlighting the influence American investors have on the market. Meanwhile, recent announcements…