The volume of all stable coins is now $95.73 billion, which is 93.93 percent of the total crypto market 24-hour volume.
Prices of Bitcoin nosedived this year largely due to investors abandoning “riskier assets” due to the Russia Ukraine war and the United States Federal Reserve adopting a more hawkish policy.
The company’s Bitcoin revenue more than halved in the quarter to $1.73 billion, hit by a drop in interest from retail traders after a frenetic price rally last year that was fueled by rising mainstream acceptance of digital currencies.
As governments slowly shackle the crypto industry with regulations and obligations, Portugal is increasingly isolated in Europe — a place with few rules that investors describe as a crypto paradise.