- Uniswap topped Coinbase trading volume amid regulatory clampdown.
- Binance Australia’s derivatives license was cancelled by regulators.
- Stablecoin Tether’s market capitalization keeps rising.
Uniswap Topped Coinbase Trading Volume
Uniwap topped Coinbase in terms of market share last month as traders turned to decentralized exchanges amid the U.S. regulatory clampdown and a banking crisis that caused key stablecoins to depeg from $1.
Binance Australia’s Derivatives License Cancelled
The Australian Securities and Investments Commission has cancelled Binance Australia’s derivatives license. Binance Australia, an arm of the world’s largest crypto exchange by trade volume, has been ordered by the regulator to close all client’s open derivatives positions by April 21.
Stablecoin Tether’s Market Capitalization Keeps Rising
Tether, the world’s largest dollar-pegged stablecoin, is thriving, having survived the Terra-induced turmoil of mid-2022. The market value of the stablecoin continues to rise and is now within a whisker of its record high of $84 billion.