In July 2022 Coinbase quietly merged its USD and USDC order books. USDC only accounted for about 5 to 6 percent of total trading volume at the time. Instead of changing market behavior, that flow just got absorbed into the USD book. Overall trading activity barely shifted, which makes you wonder how much “stablecoin growth” really mattered 🤔
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.