Digital Asset Trading Market Report for 7:00-12:00: Tether, SilverGate, Voyager, and Base

03/04/2023 04:00 • Digital Disruptors • 81 views

7:00-12:00 Keyword: Tether, SilverGate, Voyager, Base

Summary of important developments at noon on March 4

Analysis based on this information:

Key words: Crypto, USDT, Exchange, Trading, Trends, FIAT, Bank, Services, Market

The digital asset trading market report for 7:00-12:00 has shown an interesting pattern in the trading of cryptocurrencies. The market saw the steady rise of the Tether (USDT) coin as it maintained its position as the most traded digital asset in the market. The USDT, which is a stablecoin, traded heavily on exchanges as a base currency for trading against other digital assets such as Bitcoin (BTC) and Ethereum (ETH).

In recent times, there has been a growing trend in the digital asset trading market. More and more exchanges are partnering with banks to provide FIAT services to their customers. SilverGate Bank is one of the top banks that have established such partnerships with some of the leading exchanges in the market such as Kraken and Binance. This trend indicates that the digital asset market is becoming more mature and is being integrated into the traditional financial system.

One such company that is leading the way in the provision of such services to its customers is Voyager. The platform has established partnerships with several banks to allow for the seamless funding and withdrawal of FIAT on its platform. This has made it easy for traders to deposit and withdrawal their money without having to worry about the long waiting times typically associated with banks.

Another trend that is worthy of note is the increasing trading volume of the Base coin on some exchanges. This is an ERC-20 token that is designed to work as a stablecoin with the objective of maintaining a stable value of $1. The increased trading volume of the Base coin is an indication that traders are looking for alternatives to the existing stablecoins in the market.

In summary, the digital asset trading market report for 7:00-12:00 has shown that the market is growing at a steady pace. The rise of stablecoins such as the USDT and the increasing trend of exchanges partnering with banks to provide FIAT services are some of the indicators of the growing maturity of the market. As more companies like Voyager continue to provide seamless FIAT services, traders can expect to have an even better experience in the digital asset trading market.

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