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Decentralized peer-to-peer crypto exchanges are under heavy pressure as they witness a sharp decline in the total market share.
The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% in March, Bloomberg reported citing Kaiko data.
Decentralized exchanges saw the monthly spot trading volumes drop 76% to $21 billion by June this year versus January 2022, more than the 69% drop for their centralized rivals to $429 billion….
Read More: Peer-to-Peer Crypto Platforms under Pressure in Declining Market
The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% in March, Bloomberg reported citing Kaiko data.
Decentralized exchanges saw the monthly spot trading volumes drop 76% to $21 billion by June this year versus January 2022, more than the 69% drop for their centralized rivals to $429 billion….
Read More: Peer-to-Peer Crypto Platforms under Pressure in Declining Market
Source：https://cryptonews.com/news/peer-peer-crypto-platforms-under-pressure-in-declining-market.htm
