Uniswap Tops Coinbase Volume as Crypto Markets Boom

  • 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.

BTC/USD Dropped 0.5% in Last Session

The last session saw Bitcoin drop 0.5% against the Dollar. The MACD is giving a negative signal with support at 27333.6667 and Resistance at 29159.6667.

ETH/USD Dove 2.2% in Last Session

The Ethereum-Dollar pair dove 2.2% in the last session with support at 1831.8133 and Resistance at 1974