Plunge

Prime

TrueUSD

Coin

<ul class="news-points"> 
 <li>Crypto markets have experienced the lowest quarterly trade volume since 2020.</li> 
 <li>TrueUSD faces scrutiny amid financial troubles of crypto custodian Prime Trust.</li> 
 <li>DeFi tokens show mixed performance, while KRW trade volume surpasses USD.</li> 
</ul> 
In a data-driven <a href="https://research.kaiko.com/insights/lowest-quarterly-volume-since-2020" target="_blank" rel="noreferrer noopener nofollow">update</a>, crypto market data provider Kaiko unveiled that the crypto markets plunged to the lowest trade volume in a quarter since 2020. However, despite the downward trend in trade volumes, the quarter ended positively for the crypto industry. 
Kaiko’s findings shed light on various key aspects impacting the market. One area of focus was the <a href="https://coinedition.com/trueusds-banking-partner-falls-will-it-impact-trueusds-stablecoins/" target="_blank" rel="noreferrer noopener">scrutiny surrounding TrueUSD (TUSD)</a> due to the financial difficulties faced by crypto custodian Prime Trust. 
The regulatory filing to place Prime Trust into receivership revealed a shortfall of approximately $82 million, leaving customers unable to withdraw. Additionally, True USD faced significant selling pressure on decentralized exchanges after it was revealed that its current auditors were the rebranded auditor of FTX. 
Despite the challenges, the price of TUSD remained relatively stable throughout the week, hovering around $0.999. However, Kaiko points out that Prime Tr…
The post <a rel="nofollow" href="https://coinedition.com/crypto-markets-plunge-to-lowest-quarterly-volume-since-2020-report/">Crypto Markets Plunge to Lowest Quarterly Volume Since 2020: Report</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Markets Plunge to Lowest Quarterly Volume Since 2020: Report

Coin Edition

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