Ecosystem Breakdown

This under-the-radar protocol could bring FOREX’s $7.5 trillion trading volume on-chain

April 7, 2023

07 Apr 2023 : 19:17

Updated : 19 Apr 2023 : 15:31

7 min read

In January 2021, crypto hit an all-time high: $68 billion of coins and tokens changed hands on a single day.

That’s a lot.

But crypto is dwarfed by FOREX, the worldwide market for fiat currency trading. Banks, governments, and individuals conduct more than $7.5 trillion in FOREX trades on a typical day. It’s the world’s largest market.

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