Peer-to-Peer Crypto Platforms under Pressure in Declining Market
Decentralized peer-to-peer crypto exchanges are under heavy pressure as they witness a sharp decline in the total market share. The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% i...
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The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% in March, Bloomberg reported citing Kaiko data.
Decentralized exchanges saw the monthly spot trading volumes drop 76% to $21 billion by June this year versus January 2022, more than the 69% drop for their centralized rivals to $429 billion....
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