Uniswap’s spot volume jumped above $70 billion in March — its highest point since January 2022.
Highlights
- Uniswap’s spot market volume hit $71.6 billion in March — 45% higher than Coinbase’s.
- March was the decentralized exchange’s best month, in terms of volume, since January 2022.
- The increased volume comes amid threats from the government of regulatory actions against centralized crypto businesses in the U.S.
- The SEC has strongly suggested in recent weeks that many crypto tokens might be illegally trading as unregistered securities.
- The CFTC brought a case against Binance and its CEO, Changpeng Zhao, last week, to a federal case against the exchange’s CEO.
- The SEC also recently hit the centralized exchange Kraken with a $30 million settlement in February.
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