Buying and selling on main exchanges spiked following collapse of Terra, FTX: BIS report

A report from the Financial institution for Worldwide Settlements (BIS) means that buying and selling exercise on main exchanges elevated within the days following the collapse of crypto companies FTX and Terraform Labs.

In a Feb. 20 bulletin on “crypto shocks and retail losses,” the BIS experiences that whereas the worth of (BTC), Ether (ETH) and different currencies dropped in 2022, the variety of every day lively customers at some exchanges together with Coinbase (NASDAQ:) and Binance “elevated markedly” following information of the collapse of and FTX. The financial institution urged that “customers tried to climate the storm” by shifting their investments into stablecoins and different tokens probably not trying bearish on the time.

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