Moreover, when compared from its all-time high recorded in the 2021 bull market, fiat-dominated trades were down by a staggering 95%. The analysis covered major currencies like the euro , Great Britain pound , Turkish lira , Russian Ruble , and many more.Over the years, crypto exchanges have attracted numerous passionate traders looking to earn quick money by taking advantage of the market’s violent fluctuations.
However, with returns on crypto investments having declined significantly over the last year or so, most traders have abstained from transferring their fiat funds to digital assets. Another major factor behind the decline could be a lack of interest to convert money into USD-backed stablecoins. During much of 2022,
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