Centralized crypto saw trillion trading volume
Technology
Centralized crypto exchange trading volumes in April were around $500 billion. Centralized crypto saw trading volume year Centralized crypto exchanges saw a dip in trading volumes in April for the first time in three months as digital assets cooled off from a hot first quarter.
Centralized crypto saw over trillion volume
It looked like Bitcoin would travel upward in concert with the stock market. Then regional banks collapsed in early March. However, this bearish catalyst for the stock market turned out to be a great catalyst for crypto. If traditional financial systems can’t be trusted, the markets seemed again to be willing to hedge their bets with the highest-quality cryptos. Queen Elizabeth II Has Died - Ruled for Nearly 7 Decades; World's Longest-Reigning Monarch 17. MakerDAO, the decentralized issuer of the Dai stablecoin, voted to allocate $500 million of its treasury to purchase U.S. Treasury bills and investment-grade corporate bonds. For more information about the decision, see Signal Request: Asset Allocation of MIP65/Clydesdale - Governance / Signal Archive - The Maker Forum (makerdao.com). https://forum.makerdao.com/t/signal-request-asset-allocation-of-mip65-clydesdale/15922/2 Return to text
Running Yellow Card
In the past few years, crypto assets exhibited significantly more volatility than equities. Chart 10 below shows the rolling annualized volatility for crypto assets, SPX and the top three SPX holdings. The volatility stays above 60% for the cryptos, excluding stablecoins, while the top three SPX holdings exhibited less volatility. Stablecoins’ volatility is generally low, although the track record of stability remains uncertain for some of them. Regulation Crypto has certainly provided a lifeline for investors in countries with radically unstable currencies, like Venezuela. Crypto has also proved crucial for expedited fundraising and money transfers in Ukraine during the Russian invasion. But just as the stock market has tanked, with tech stocks in particular faring poorly, so too has crypto.
Centralized crypto saw over trillion trading
Investors flocked to Uniswap to trade USDC for wrapped ether and other tokens, giving the platform a significant boost. In March alone, Uniswap recorded $70 billion in trade volume, flipping its centralized competitor, Coinbase, for the second consecutive month. Both types of exchanges have their place The crypto market significantly improved this year, but volatility persisted. Despite this, Uniswap managed to maintain its dominance over the decentralized market.