Tether trade volume increased from $603.6 billion to $977.1 billion between December 2022 and January 2023, representing a 61% increase.
According to a study that Bitcoin Casinos carried out, Tether is presently the cryptocurrency that is being traded the most around the world. Its value has increased by 61% in the past month.
Following the meltdown in the cryptocurrency market in the latter half of 2022, the sector saw a significant increase in cryptocurrency values during the first few months of this year. The monthly amount of money traded in Bitcoin surged by 126% and surpassed $23,000 for the first time in the last six months.
Bitcoin Casinos, a US-based online gaming platform, focused on data acquired between December 2022 and January 31 of this year. Tether is currently the most actively traded digital coin in the world. Between the months of December 2022 and January 2023, its trade volume surged by 61%, from $603.6 billion to $977.1 billion.
Meanwhile, Bitcoin ranked second, with its monthly trading volume increasing by 126% to start the year on a high note. This aided Bitcoin’s rise to second place. The previous month’s trade volume of Bitcoin, the world’s largest and most expensive cryptocurrency, reached $950.6 billion, up from $420.1 billion in December.
Binance USD, Ethereum and Cryptonex complete the top five with their monthly trading volume hitting $319.9 billion, $288.2 billion and $179.4 billion respectively as of January 31.
Completing the top 10 are USD coin ($133.9 billion), Aptos ($84.4 billion), XRP ($42 billion), Shiba Inu ($34.8 billion) and WETH ($32.3 billion).
