ESMA: About 70% to 80% of secondary market transactions in cryptocurrencies occur between crypto assets and stablecoins

Golden Finance reported that according to the latest analysis of the market structure of crypto assets by the European Securities and Markets Authority (ESMA), about 70% to 80% of secondary market transactions occur between crypto assets and stablecoins, without the participation or use of fiat currencies. The ESMA report believes that during periods of strong growth, transactions between crypto assets and stablecoins often give way to crypto asset-to-crypto asset transactions. In 2020 and 2021, cryptocurrency-to-cryptocurrency transactions surged, while cryptocurrency-to-stablecoin transactions declined, supporting this theory. A similar trend was seen in the second half of 2023. #大盘走势 #CPI数据 #BTC🔥🔥🔥🔥🔥🔥