The time volume of stable currencies or “Stablecoins”He reached his Historical maximum of the app Lemon. While Bitso also reported an unusual activity during the weekend. Crypto demand increased strongly in the midst of uncertainty and The expectation for the new exchange regime.
The Argentine crypto market lived an unprecedented day This Monday after the official announcement of the exchange rate lifting. Between 10 and 11 in the morningas they comment from Lemon, The highest purchase volume of stablcoins per hour from the market was recordedin what was an immediate reflection of the reactivation of the crypto market in front of the new macroeconomic situation.
The trend, however, began before. From Friday afternoonminutes after the start of the press conference of the Minister of Economy, Luis Caputo, The demand for Stablcoins In that City Exchange already showed a remarkable acceleration.
“The operated volume doubled in an hour and ended the day with a 30% rise in front of Thursday. During that day, purchases greatly exceeded sales, with 48% more entry operations than out of departure, which configured the highest daily purchase volume in 45 days, ”they said Scope from the crypto exchange house.
Argentines return to the crypto
The phenomenon did not stop there. Although Saturday and Sunday had a more moderate activity, this Monday the trend was enhanced: “In just 13 hours, the purchase volume in Lemon grew 53% compared to Sunday and was already above an average day. At 10 in the morning, the APP users agreed to competitive quotes to acquire Stablcoins, which detonated a historical peak in the time volume, ”they say.
“The lifting of the stocks and the immediacy in the response of our users marked a milestone. We had never seen such a high time purchase volume in such a short time“They added from the Exchange.
The interest in cryptocurrencies was increasing throughout the first quarter of the year. With a Crypto dollar that It went from $ 1,050 to $ 1,300 between January and March, the purchase volume of stablcoins grew in a sustained wayand in February it was operated 2.5 times more than in an average month of 2024.
In parallel, Bitcoin He also showed signals of recovery on the platform: more than 100,000 people bought BTC in said Exchange so far from 2025, and there are currently 13.7% more users with Bitcoin in their wallets and 8.6% more BTC in custody than last year.
A new exchange market thermometer is born
For their part, from other exchange they also reported an unusual activity. Julián ColomboGeneral Director of Argentine Bitsoexplained in statements to this media that From Friday’s ads, the market showed a “great volatility” and a “very high sale of USDC and USDT.”
The weekend operations that triple those of a typical weekend, and the quotes ranged between $ 1,190 and $ 1,370, to be located on Monday around $ 1,250- $ 1,260.
“We are with high expectations, how the behavior of the retail user evolves. While the volume remains very high, it is early to draw conclusions. The traditional market is just beginning to react,” said Colombo.
Lemon 2.png
In addition, he stressed that the new measures do not alter the operation of the crypto ecosystem, which continues to function 24/7 with international liquidity and without being subject to the restrictions of the CEPO. The crypto market, accustomed to operating outside the limits of the traditional financial system, It seems to have positioned itself as one of the first thermometers of the new Argentine economic scenario.
With the elimination of exchange controls, users Not only did they find a quick access road to hard currenciesbut also reinforced confidence in platforms that hold sustained growth.
While the formal market reacts and fits the new regime, the crypto universe is consolidated as an immediate refuge and stage of record movements. The challenge, now, will be to sustain confidence and stability in the midst of the transition.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
