Wednesday, October 24, 2018

Cryptocurrency traders are shifting from stablecoins to Bitcoin


The second half of 2018 has seen Dollar-pegged cryptocurrencies (stablecoins) flood the market, but recent data suggests that Bitcoin might become the one true stablecoin. The latest report from blockchain research group Diar shows while Tether still accounts for an overwhelming majority of the total stablecoin volume, cryptocurrency traders are actually starting to exchange with Bitcoin directly, rather than use new, regulated alternatives. The October graph below shows the overall trading volume of Tether markets is getting smaller, but the activity of Bitcoin markets has increased between 8 and 10 percent on cryptocurrency exchange OKEx, one of the largest in the world. A…

This story continues at The Next Web

Or just read more coverage about: Bitcoin
https://ift.tt/2Pfba5N support@endlesssupplies.ca (Endless Supplies .Ca) October 24, 2018 at 07:30AM

No comments: