Traders use bitcoin five times less often than Tether

According to The Block Research, Tether is currently involved in 70% of trading on crypto exchanges.

At the beginning of 2017, the leader wasbitcoin, which was then present in every other pair. Now the share of the first cryptocurrency has dropped to 15%. In terms of popularity, Tether significantly surpasses all other stablecoins, which are present in only 4% of trading pairs.

One of the reasons for the paradigm shift is the growing popularity of exchanges that allow customers to use Tether as collateral, including Binance, OKEx, Huobi.

This year, too,there has been a massive closure of cryptocurrency trading platforms. In the first 10 months, at least 75 exchanges stopped working.

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