Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders.
DeFi and DEX volumes soar amid China's crypto ban and ongoing US regulation
Crypto holders are increasingly turning to DeFi protocols and DEXs due to China's ongoing cryptocurrency crackdown and concerns over strict US regulations, driving a surge in decentralized trading volumes.
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Author: PANews
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