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That seems potentially easy to explain given that some of the bigger (higher volume) exchanges support USDT and not USDC.
by thebean11 5y ago
That seems potentially easy to explain given that some of the bigger (higher volume) exchanges support USDT and not USDC.
- raesene9 5y agoI know that was the case in the past, but is it still the case? from a 10 minute look, the 4 largest exchanges by volume (Binance, Coinbase, Huobi, and Kraken) all seem to list USDC
- thebean11 5y agoHmm yeah maybe not, even Bitfinex trades USDC, and anyway they're a much smaller percentage of volume than I thought (jesus binance is huge). Wonder if it's just network effect then? Big traders use the USDT markets because they're more liquid -> the USDT markets become even more liquid and the cycle continues.