Report: Coinbase Processing Majority of Public-Facing USD-to-Tether Trades, Binance Hosting …

Report: Coinbase Processing Majority of Public-Facing USD-to-Tether Trades, Binance Hosting Most Public BTC-to-Tether Action

America and Asia’s two largest public-facing crypto trading platforms, Coinbase and Binance, also bear the most exposure to Tethers, a synthetic form of USDs introduced into crypto trading markets to give liquidity. This is the conclusion of CoinMetrics, a blockchain data analysis firm, which recently completed an analysis, “of how Bitcoin and Tether trading volume is distributed among…Nine Bitcoin-U.S.