The trading volume ratio between KYC and non-KYC exchanges provides interesting insight into the market’s behavior. The ratio illustrates how traders interact with regulated and unregulated platforms and how their activity affects price movement.
The trading volume ratio saw significant fluctuations throughout the year and mostly mirrored Bitcoin’s price performance closely. It steadily increased at the start of the year, indicating an overwhelming preference for KYC-compliant platforms. This spike in early January likely resulted from the highly-anticipated launch of spot Bitcoin ETFs in the US, which pushed Bitcoin’s price to $45,000.
The approval of spot Bitcoin ETFs in the US likely prompted institutional and large-scale traders to engage with the market. These traders are almost exclusively required to use exchanges that comply with anti-money laundering (AML) and Know Your Customer (KYC) regulations, which is why they saw a sharp spike along with ETF activity.
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We współpracy z: https://cryptoslate.com/regulated-exchanges-dominate-bitcoin-trading-volumes/
