'Tokenized Gold' Weekly Trading Volume Surpasses $1 Billion... Highest in 2 Years
Summary
- It was reported that the weekly trading volume of tokenized gold surpassed $1 billion for the first time in two years.
- It was stated that the surge in tokenized gold trading volume was due to the increased preference for safe assets caused by the U.S. 'tariff bomb.'
- It was reported that concerns over the global trade war spreading to the digital market led to a more than 1000% increase in tokenized gold trading.
The weekly trading volume of tokenized gold has surpassed $1 billion for the first time in two years.
Cointelegraph reported on the 10th, citing CEX.io data, that "the weekly trading volume of tokenized gold has exceeded $1 billion this week." This is the first time since March 2023 that the weekly trading volume of tokenized gold has surpassed $1 billion.
The surge in tokenized gold trading volume is attributed to the increased preference for safe assets due to the U.S. 'tariff bomb.' Cointelegraph stated, "Concerns over the global trade war began to spread to the digital market in early February this year, leading to a surge in tokenized gold trading volume," and "since the inauguration of President Donald Trump, the trading volume of tokenized gold has increased by over 1000%."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
