DEX Trading Booms as SEC Approves Ethereum Spot ETF
CryptoNewsTerminal Staff24 May, 2024
DEX Trading Booms as SEC Approves Ethereum Spot ETF
The day the U.S. Securities and Exchange Commission (SEC) approved the Ethereum spot ETF 19b-4 (request for review), the trading volume of the Decentralized Exchange (DEX) surpassed $11.2 billion, DL News reported. This is the largest daily trading volume since March 18th. Of these, Uniswap (UNI) traded $5.5 billion (48.9% of total DEX trading volume), with Ethereum-based trading volume accounting for $3 billion.
