Chinese traders are leaders among USDT buyers

Jun 5, 2019 Forex News

According to the research of Diar company, in 2019, Chinese traders made the largest number of transactions with the Tether stablecoin (USDT).

In the latest study, experts say that the Chinese traders provide up to 60% of the global turnover of this stablecoin.

In the first half of the year, the platforms processed transactions with Tether in the Chinese market for a total of about $10 billion. This is the highest figure in the world, for example, American users made transactions with this coin for up to $450 million.

More than 30% of operations with USDT currently conduct two cryptocurrency exchanges Binance and Bitfinex.

The Diar report also stresses that the study analyzed all transactions with Tether, including the so-called “cryptowhales” transactions. The scale of asset usage is growing among the large players and among small investors.

The coin is very popular not only in China but throughout the world while maintaining the status of the leading stablecoin. Recently, information was received that the USDT developers announced the launch of the stablecoin based on the EOS blockchain. Prior to this, the coin was produced on the Tron platform.

to other news

All news
BTC/USD price analysis, July 28

Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise

Mar 2, 2023 Forex Forecast

Changes to Commodities and Indices Trading on Independence Day

Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;

Jul 1, 2022 Company News

On March 13th MetaTrader Switches to Summer Time (GMT+3)

On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto

Mar 10, 2022 Company News

Changes to Trading Hours on US President’s Day (February 21)

Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)

Feb 14, 2022 Company News