As Binance US grows quickly, weekly trade volume has dropped by an astonishing 99%. Three factors may explain this consequence: reduced trading activity among retail traders, higher US user fees, and the impact of the global pandemic.
XRP, the cryptocurrency with the third-largest market value, briefly reached a market capitalization over $1 trillion on Gemini, an American-based cryptocurrency exchange, on Tuesday April 6th.
Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.