RATE Group | Ethereum Registered $12 Billion Dollars in Yesterday’s Trading Volume |
36912
wp-singular,post-template-default,single,single-post,postid-36912,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Registered $12 Billion Dollars in Yesterday’s Trading Volume |

29 Jul Ethereum Registered $12 Billion Dollars in Yesterday’s Trading Volume |

Posted at 16:20h in Ethereum News by

[ad_1]

In general, Bitcoin and Ethereum are the currencies with the highest trading volume in the market. Most of the times, Bitcoin takes the lead. But on July the 28th, Ethereum registered a spike in volume of around $12 billion dollars. How was that possible?

Ethereum Volume Spike

A new virtual currency exchange known as EXX appeared in the market with a big surprise for traders: Ethereum registered a $12 billion dollars trading volume. This is a very strange situation due to the fact that Bitcoin has a daily trading volume of $4 billion dollars.

It is interesting to see that most of the volume comes from the Tether (USDT) trading pair. This is the first time since spring 2017 that Ethereum has a higher trading volume than BTC. But why Ethereum and exactly with the USDT pair?

This situation seems to be generated by a new method to make transactions free known as transaction mining. Each transaction made is able to create a token, like the EXX token. These tokens are being created by…

[ad_2]

Source link