Cryptocurrency exchange-traded product (ETP) trading volumes have plunged over 74% in the last month, as the prices of these products have also been dropping. ETP volumes dropped from $186.5 million in mid-August to an average of $48 million in mid-September.
The total value of stablecoins in the cryptocurrency space has surpassed $20 billion as demand for fiat-pegged cryptoassets has kept on rising so far this year. Tether’s USDT accounts for over $15 billion.
TRON is reportedly partnering with cryptocurrency services provider BitGo to create two new tokens, Wrapped Ether and Wrapped Bitcoin, on the TRON blockchain.
Top stories in the Crypto Roundup today:
- Crypto ETP Trading Volumes Plunged 74% Over the Last Month
- Stablecoins’ Market Cap Hits $20 Billion
- TRON Partners With BitGo to Bring Wrapped BTC, ETH to Its Blockchain