Research: China Leads World in Tether Trading Volumes in 2019

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Chinese crypto exchanges facilitate 60% of all tether trading globally. Chinese cryptocurrency exchanges facilitate 60% of all stablecoin tether (USDT) trading globally, according to an analysis by Diar on June 3.According to the report, Chinese exchanges in 2019 thus far account for over $10 billion in USDT trading. The United States, in contrast, is said to account for only $450 million of USDT traded. Global exchange giants Binance and Bitfinex reportedly account for close to the remaining amount of Tether traded, accounting for 31% of USDT activity.Additionally, the analysis concludes that the trading numbers are not misleading. According to their…
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Research: China Leads World in Tether Trading Volumes in 2019

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