On April 16, 2025, Paolo Ardoino, the CTO of Tether, tweeted about the growing importance of peer-to-peer (P2P) trading in the cryptocurrency world. Ardoino highlighted that P2P transactions are gaining popularity as more traders move away from centralized exchanges in favor of decentralized options. This shift is giving users more control over their trades, with benefits such as lower fees and increased privacy. Popular P2P platforms, like LocalBitcoins and Paxful, have seen rising transaction volumes, signaling trust in these decentralized methods.
Ardoino’s tweet came during a time of market volatility. Bitcoin (BTC) rose by 2.5%, reaching $67,450, while Ethereum (ETH) climbed 1.8%, hitting $3,200. Major exchanges, such as Binance and Coinbase, saw a surge in Bitcoin trading volume, increasing by 15% to 20 billion USD within 24 hours. The number of active Bitcoin addresses also grew by 3%, suggesting more user engagement.
The tweet seemed to boost interest in P2P trading. Platforms like LocalBitcoins and Paxful experienced a 10% increase in transaction volume. At the same time, Tether (USDT) remained stable at $1.00, underlining its role as a key stablecoin in P2P transactions. The rise in USDT/BTC trading volume by 8% further pointed to a shift toward stablecoins in decentralized exchanges.
The market’s reaction to Ardoino’s tweet highlights the increasing adoption of P2P trading and decentralized finance (DeFi). Traders are turning to these platforms as they offer lower fees and enhanced privacy.
Technical indicators confirmed the positive sentiment. Bitcoin’s Relative Strength Index (RSI) stood at 65, showing a balanced market, while Ethereum’s Moving Average Convergence Divergence (MACD) signaled a potential upward trend. Trading volume for the BTC/USDT pair on Binance rose by 25%, demonstrating strong market interest. Additionally, Bitcoin’s average transaction value grew by 5%, likely reflecting larger P2P trades.
Overall, Ardoino’s tweet has had a clear impact on market dynamics, boosting both P2P activity and interest in decentralized trading solutions.
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