Markets· ★★★· neutral·

Ecoanalítica: Binance volume in Venezuela equals 83% of central bank dollar supply

  • —Ecoanalítica puts Binance volume at 83% of dollars placed by BCV
  • —Venezuelans turn to USDT on P2P as a refuge amid bank dollar shortages
  • —The shift to crypto P2P reflects scarce hard currency in the banking system
Why it matters: The figures show Venezuela's P2P crypto market now rivals the central bank's official dollar injections in scale.
Source: CriptoNoticias