According to Foresight News, based on Kaiko data, the ongoing market rebound over the past three months has primarily benefited Coinbase and Upbit, with their market shares growing the strongest. Over 80% of Coinbase's trading volume comes from institutional traders, while Upbit caters to risk-seeking retail investors. Recently, XRP surged above $2 for the first time in nearly seven years, with XRP's volatility and trading volume sharply increasing, even surpassing BTC trading volume over the weekend.
In the past month, the trading volume of euro-backed stablecoins has surged tenfold, rising from $5 million daily in October to an annual peak of over $70 million in early November, before slightly retreating last week. This growth was driven by the stablecoins Eurite (EURI) and Circle's EURC, while Tether announced last week that it would cease the launch of euro-backed stablecoin EURT due to regulatory reasons.
