The trading volume ratio between KYC and non-KYC exchanges reveals intriguing layers of market dynamics. Throughout the year, this ratio echoed Bitcoin's price, revealing a significant preference shift toward KYC-compliant platforms. This trend aligns with pivotal moments, such as the launch of spot Bitcoin ETFs, which spurred institutional activity. As the volatility crested post-US Presidential elections and Bitcoin's historic high, one key question emerged: What does this ratio truly imply about the marketโs core drivers and trader preferences? Discover how these insights could reshape your understanding...
Regulated exchanges dominate Bitcoin trading volumes Regulated exchanges dominate Bitcoin trading volumes
The rising preference for regulated exchanges reflects the market's shift toward compliance and stability.
3 min read
Updated: Dec. 12, 2024 at 11:15 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
