Following the U.S. presidential elections, trading volumes on cryptocurrency exchanges have reached record levels. The Republican candidate's victory has fueled increased interest in digital assets.
Record Trading Volumes in USDT
According to CryptoQuant, after the U.S. elections, trading volumes in USDT on crypto exchanges reached record levels. Binance and Coinbase attracted over $11 billion USDT, indicating increased liquidity and activity on exchanges.
Trump's Impact on Crypto Market Growth
Donald Trump's victory, as noted by CryptoQuant, renewed investor interest in Bitcoin and other cryptocurrencies, leading to a new all-time high near $90,000.
Effect on Futures Markets
CryptoQuant pointed out that trading in perpetual futures markets also hit record weekly volumes, exceeding $1.1 trillion. Other exchanges like Bybit, Bitget, and OKX have also noted significant increases in activity.
The U.S. elections and the Republican candidate's victory have significantly boosted cryptocurrency trading. Continued market growth is anticipated due to new pro-crypto initiatives.
