Traders use Bitcoin five times less than Tether

Should YOU Trade with BTC or USDT pairs?

According to The Block Research, Tether currently participates in 70% of trades on crypto exchanges..

At the beginning of 2017, bitcoin was in the lead in this indicator, which was then present in every second pair. Now the share of the first cryptocurrency has dropped to 15%. In terms of popularity, Tether significantly surpasses all other stablecoins, which are present in only 4% of trading pairs..

Traders use Bitcoin five times less than Tether

Analysts cite the growing popularity of exchanges that allow customers to use Tether as collateral, including Binance, OKEx, Huobi, as one of the reasons for the paradigm shift..

This year has also seen a massive shutdown of cryptocurrency trading platforms. In the first 10 months, at least 75 exchanges stopped working.

Traders use Bitcoin five times less than Tether

text: Ivan Malichenko, photo: Shutterstock

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