Exchange rates are reference points, not offers. This guide explains the forces behind the numbers you see.
Comparing Fiat Forex to Cryptocurrency Markets
The traditional foreign exchange market processes over $7 trillion in daily volume, making it the largest and most liquid financial market in existence.
While cryptocurrency markets operate 24/7, liquidity is fragmented across multiple centralized and decentralized exchanges, leading to wider bid-ask spreads during market stress.
The Emerging Role of USD Stablecoins
USD-backed stablecoins (such as USDT and USDC) are increasingly utilized as digital settlement rails for international remittances, offering instant settlement while mitigating crypto price volatility.