Paxos-Issued Binance USD Stablecoin Market Cap Falls Under $10B After Coinbase Delisting

by Jeremy

The every day buying and selling quantity for BUSD on Coinbase was solely about $9 million within the final two months, whereas the market depth inside 2% of the market worth was simply $600,000, in response to knowledge from Kaiko, making the stablecoin’s worth susceptible to wobbles. Market depth represents the open purchase and promote orders for an asset inside a sure worth vary; the deeper the market, the extra steady the value is.

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