The Block: "USDT pairs dominate cryptocurrency exchanges"

Bitcoin has always been considered the most popular cryptocurrency for trade, But gradually Stablecoin Tether came in first place in popularity - 70% Exchange transactions pass in pairs with USDT.

According to The Block 70% volume transactions are now in pairs with USDT. On Bitcoin couples have only 15% From the volume of trade. The rest of the altcoins occupy about 4% of the market.

Constant reduction of trade volumes in pairs, denominated in bitcoin, It began still in 2017 year. Then 50% From the volume of trading were occupied by couples with BTC, And nothing 5% With Tether. Trading with the US dollar was also very popular, which occupied about 40% market.

As he believes
Analyst of the publication Larry Chermak (Larry Cermak), A significant impact on the decrease in the fraction of the bidding with BTC had the Padin of the popularity of the Bitmex derivatives exchange. Previously, it occupied a significant market share, and bidding on it is conducted in pairs with BTC. Platforms for the trading of OKEX derivatives have now gained noticeable popularity, Huobi и Binance. At these sites, the main trading pairs are denominated in USDT.

Recently reported
About that, that the total capitalization of the market of stable cryptocurrencies exceeded $20 billion. In this way, This type of crypto assets has grown in 4 Raza for 2020 year.

Source