TheBlock
2020-10-12 09:23:52

The Tetherization of trading

Quick TakeIn recent years, there has been a shift on spot exchanges from denominating trading pairs in Bitcoin to denominating in TetherWe are now in the midst of the same shift on the derivatives exchanges as BitMEX’s market share continues to dwindleA lot of this year’s growth in Tether has been driven by the market structure changes rather than the DeFi boom

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