Major Surge Of Ruble-denominated Bitcoin Volume: Reach 9 -Month High - BitcoinEthereumNews.com
स्रोत: काइको An analyst at Kaiko, Clara Medailem, says Binance accounts for most of the activities behind the surge. As reported earlier, there is also an increase in the trading volume of Bitcoin-Ukraine hryvnia, although it failed to reach the high volumes in October 2021. LocalBitcoin and Binance constituted for the BTC-UAH main trades. Why Are Bitcoin Crypto Trading Volumes Rising? Medalie noted similar patterns for both tether-ruble and tether-hryvnia trading volumes. The trading volume for USDT/RUB exploded on Thursday, reaching 1.3 billion, an 8-month high, according to the data from Kaiko. There is a fear among investors that the West might place stricter sanctions on the country, which could have an impact on the value of RUB. The recent surge in the trading volume of ruble-based digital assets is because the investors are hurrying to wade out from the rubble. RUB, the Russian fiat currency, further dropped by an additional 28% in the initial hours, from last week‘s 8% dip to 90 per USD. According to Bloomberg, the value is recorded at 118 per USD. U.S. Treasuries, gold, USD, and Swiss franc, are other beneficiaries of Russian investors’ safety flight. The West and its allies put disciplinary measures on Russia to limit the Russian banks access