In August, the trading volume of dollar-supported Crypto Assets exchanges significantly rebounded, totaling $279 billion. This rise not only reflects the ongoing influence of American traders in the global market but also suggests that the exchange landscape may undergo significant changes in the event of a potential loosening of regulatory policies.
USD-supported trading pairs are warming up, and the influence of American traders is rising
Data shows that platforms offering direct dollar trading pairs as well as trading pairs with dollar stablecoins like USDT and USDC had a volume of 279 billion dollars in August.
Although American users have long been excluded from many global platforms, they still contribute over 10% of the global volume, highlighting the heavyweight position of American funds in the encryption market.
Large centralized exchanges (CEX) still dominate the exchange space supported by the US dollar, while smaller platforms benefit from the resurgence of trading interest across the entire regulated exchange ecosystem.
Regulatory Winds Shift: US Traders May Return to Major CEX
The U.S. Commodity Futures Trading Commission (CFTC) recently issued clarifications regarding the regulation of offshore exchanges and access rights for U.S. users, drawing significant market attention.
This trend means that American traders may be allowed to access major international platforms such as large CEX again in the future.
Currently, the total volume of transactions on CEX platforms this month has reached 850 billion USD, but users in the United States still cannot participate directly. If regulatory policies are relaxed, this suppressed demand for transactions could be released instantly, having a profound impact on the global exchange landscape.
Market Reaction: CEX Influence Overflow, Decentralized Platforms Under Pressure
The market reacted quickly and directly to potential regulatory changes. The price of the decentralized exchange (DEX) related token HYPE (Hyperliquid) fell, as investors are concerned that after U.S. users return to CEX, it will divert DEX's volume and liquidity.
This phenomenon highlights the market influence of CEX— even in regions where it cannot operate at present, changes in its policy expectations can still cause fluctuations in the entire Crypto Assets trading ecosystem.
Market Outlook: CEX's Return to the U.S. May Trigger Exchange Restructuring
If US traders return to large CEXs, it may bring three major impacts:
Volume Explosion: The influx of US funds will boost global trading volume and liquidity of CEX.
Intensified competition: The battle for market share between existing compliant exchanges and offshore platforms will escalate.
DEX Pressure: The user growth and volume of decentralized platforms may be suppressed.
Conclusion
The dollar-supported encryption volume has rebounded to $279 billion, and the shift in regulatory winds may pave the way for US traders to return to large CEXs. This could not only ignite a rise in CEX's volume but also reshape the competitive landscape of global exchanges. For investors, the upcoming regulatory developments and market reactions will be key signals determining the flow of funds and the strengths and weaknesses of platforms.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The volume of USD-supported encryption trading surged to 279 billion, and American traders may return to large CEX.
In August, the trading volume of dollar-supported Crypto Assets exchanges significantly rebounded, totaling $279 billion. This rise not only reflects the ongoing influence of American traders in the global market but also suggests that the exchange landscape may undergo significant changes in the event of a potential loosening of regulatory policies.
USD-supported trading pairs are warming up, and the influence of American traders is rising
Data shows that platforms offering direct dollar trading pairs as well as trading pairs with dollar stablecoins like USDT and USDC had a volume of 279 billion dollars in August.
Although American users have long been excluded from many global platforms, they still contribute over 10% of the global volume, highlighting the heavyweight position of American funds in the encryption market.
Large centralized exchanges (CEX) still dominate the exchange space supported by the US dollar, while smaller platforms benefit from the resurgence of trading interest across the entire regulated exchange ecosystem.
Regulatory Winds Shift: US Traders May Return to Major CEX
The U.S. Commodity Futures Trading Commission (CFTC) recently issued clarifications regarding the regulation of offshore exchanges and access rights for U.S. users, drawing significant market attention.
This trend means that American traders may be allowed to access major international platforms such as large CEX again in the future.
Currently, the total volume of transactions on CEX platforms this month has reached 850 billion USD, but users in the United States still cannot participate directly. If regulatory policies are relaxed, this suppressed demand for transactions could be released instantly, having a profound impact on the global exchange landscape.
Market Reaction: CEX Influence Overflow, Decentralized Platforms Under Pressure
The market reacted quickly and directly to potential regulatory changes. The price of the decentralized exchange (DEX) related token HYPE (Hyperliquid) fell, as investors are concerned that after U.S. users return to CEX, it will divert DEX's volume and liquidity.
This phenomenon highlights the market influence of CEX— even in regions where it cannot operate at present, changes in its policy expectations can still cause fluctuations in the entire Crypto Assets trading ecosystem.
Market Outlook: CEX's Return to the U.S. May Trigger Exchange Restructuring
If US traders return to large CEXs, it may bring three major impacts:
Volume Explosion: The influx of US funds will boost global trading volume and liquidity of CEX.
Intensified competition: The battle for market share between existing compliant exchanges and offshore platforms will escalate.
DEX Pressure: The user growth and volume of decentralized platforms may be suppressed.
Conclusion
The dollar-supported encryption volume has rebounded to $279 billion, and the shift in regulatory winds may pave the way for US traders to return to large CEXs. This could not only ignite a rise in CEX's volume but also reshape the competitive landscape of global exchanges. For investors, the upcoming regulatory developments and market reactions will be key signals determining the flow of funds and the strengths and weaknesses of platforms.