Uniswap Tops Coinbase as Stablecoins Hit Record Highs

• Uniswap topped Coinbase in terms of market share last month due to regulatory clampdown.
• Binance Australia’s derivatives license was cancelled by the regulator, forcing them to close all client open positions by April 21.
• Tether’s market capitalization is near record highs and BTC/USD, ETH/USD, XRP/USD and LTC/USD all saw price drops in the last session.

Uniswap tops Coinbase Amid Regulatory Clampdown

Uniswap topped Coinbase in terms of trading volume last month as traders sought refuge from US regulations and a banking crisis that caused key stablecoins to depeg from $1.

Binance Australia Ordered To Close Client Positions

The Australian Securities and Investments Commission has cancelled Binance Australia’s derivatives license. Binance Australia have been ordered to close all client open positions by April 21.

Tether Market Capitalization Reaches Record Highs

Stablecoin Tether’s market capitalization continues to rise and is now within a whisker of its record high of $84 billion.

Cryptocurrency Prices Drop During Last Session

Bitcoin (BTC/USD) dropped 0.5%, Ethereum (ETH/USD) dove 2.2%, Ripple (XRP/USD) dropped 0.4% and Litecoin (LTC/USD) plummeted 2%. All four cryptocurrencies saw negative signals from their respective indicators: MACD for Bitcoin; Stochastic-RSI for Ethereum; Ultimate Oscillator for Ripple; CCI for Litecoin.

Daily Economic Calendar

Important economic data releases today include Dutch Consumer Spending Volume at 04:30 GMT, US Nonfarm Payrolls at 12:30 GMT, and UK CFTC GBP NC Net Positions at 20:30 GMT.