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Data: Local OTC Trading Market in Hong Kong Shrinks by Approximately 32.94% One Week After Implementation of Stablecoin Regulations
Summary: According to Bitrace monitoring data, the local OTC trading market in Hong Kong has decreased by approximately 32.94% one week after the implementation of stablecoin regulations. Specifically, the daily USDT transfer volume at business addresses of brick-and-mortar service providers decreased by 43.20%, from 9.47 million to 5.38 million; while the transfer volume at business addresses ...
According to Bitrace monitoring data, the local OTC trading market in Hong Kong has decreased by approximately 32.94% one week after the implementation of stablecoin regulations. Specifically, the daily USDT transfer volume at business addresses of brick-and-mortar service providers decreased by 43.20%, from 9.47 million to 5.38 million; while the transfer volume at business addresses of non-brick-and-mortar service providers decreased by 30.65%, from 42.57 million to 29.52 million.
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Link: Data: Local OTC Trading Market in Hong Kong Shrinks by Approximately 32.94% One Week After Implementation of Stablecoin Regulations [Copy]
