Crypto Blog
The crypto volume market share of the Turkish lira has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country.by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro , becoming the third largest fiat currency by volume.Kaiko’s analysis found that TRY’s crypto volume market share hit an all-time high of 19% in early June.
Since April, the financial market has seen the British pound rally to its highest level against the EUR in two years. On the other hand, the Japanese yen fell to a 30-year low against the United States dollar , while the Mexican peso plummeted to its weakest level since October 2023. The common factor among these currencies is high inflation and massive devaluation of their purchasing power.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Turkish American community celebrates Turkish Day Parade in New YorkIn a video address to participants, Head of Communications of Republic of Türkiye Fahrettin Altun says Turkish-American community in US is seen as 'representatives of Turkish nation and citizen diplomats.'
Read more »
Brazil leads LATAM crypto trading with $6B volume in 2024Brazil recorded a 30% increase in crypto trading volume in the first months of 2024, outpacing USD weekly trading volume since mid-January.
Read more »
XRP Skyrockets 108% in Volume Amid $400 Million Crypto Market Sell-offThis surge in trading volumes comes at interesting time in digital asset space
Read more »
Centralized crypto exchange trading volume falls to $5.2T in MayBinance continues to top the charts with a 34.6% market share in spot trading and 45.4% in derivatives trading.
Read more »
Solana, Sui and Binance Smart Chain rank in top 3 fastest blockchainsCrypto data tracker CoinGecko evaluated and ranked blockchains on the volume of transactions they can process.
Read more »
Turkey Takes Crypto Bill to Parliament, Aims to Bring Crypto Licensing to the CountryThe bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.
Read more »