The Most Bullish News of 2023: Uniswap’s Trading Volume Surpasses Coinbase
In a recent video on her YouTube channel “Crypto Tips,” Heidi Chakos discusses the most bullish news of 2023: Uniswap’s trading volume surpassing that of Coinbase. Chakos explains why this is significant and why it is particularly bullish for retail investors.
Key Points:
- In Q1 2023, Uniswap recorded a trading volume of $155 billion, outperforming Coinbase’s $145 billion.
- Most of Coinbase’s trading is done by institutional investors, making Uniswap’s achievement more significant.
- Retail investors who understand how to trade cryptocurrencies autonomously have an advantage over institutional investors.
- In Q2 2023, Uniswap continues to outperform Coinbase, with a $20 billion lead.
- During bear markets, Coinbase’s trading volume decreased by 83%, while Uniswap only saw a 50% drop.
Lido Staking and Risks of Centralized Platforms:
Chakos also mentions Lido staking and advises viewers to be cautious about sharing personal data on centralized platforms.
- Last token unlock for $LDO is happening soon, which could be an opportunity for those bullish on the token.
- Using centralized platforms poses risks, as seen in recent hacking incidents involving FTX and BlockFi.
- Personal information stored on centralized platforms is vulnerable to hackers.
Hot Take:
The surpassing of Coinbase’s trading volume by Uniswap is a bullish sign for retail investors. It highlights the growing importance of decentralized exchanges and the advantage they offer to those who understand how to trade cryptocurrencies autonomously. With the trend continuing in the second quarter of 2023, Uniswap could be a catalyst for new bull markets in the crypto space. However, it is crucial for investors to be cautious about sharing personal data on centralized platforms, as they are vulnerable to hacking incidents.
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