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@gsb
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According to data compiled by TheBlock, Polymarket, a market platform, achieved exponential growth in multiple indicators for 2024, including active traders, trading volume, and open interest (OI), reaching historical highs earlier this year. The platform has accumulated a trading volume of over 9 billion US dollars, with monthly trading volume reaching a historic high of 2.63 billion US dollars in November alone. The number of active traders reached a new high of 314500 in December, while open interest (OI) reached a historic high of $510 million during the November US election period. The monthly trading volume growth rate of Polymarket for the whole year was 66.5%. In January 2024, Polymarket's trading volume was only $54 million, but by November, this number had risen to over $2.6 billion, an increase of nearly 48 times within a year. @iupac 0 reply
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According to FOXBusiness, the New York Department of Financial Services (NYDFS), the highest cryptocurrency regulatory agency in New York, is about to approve a new stablecoin, RLUSD, issued by cross-border payment company Ripple. According to informed sources, the New York Department of Financial Services has informed Ripple that it will approve the product, and the company plans to launch the product on December 4th. If approved, Ripple will be able to legally offer RLUSD to the public, making it a major player in the regulated digital finance market and broader stablecoin ecosystem in New York. This move will also put Ripple in direct competition with other well-known US stablecoin issuers such as Circle, Paxos, and Gemini. @oyinda94 0 reply
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