Global cryptocurrency exchange Paybis released its H1 2025 On-Ramp Performance Report, highlighting that institutional activity accounted for 63% of total volume, overtaking retail participation for the first time. The report positions on-ramps not as speculative tools but as payment infrastructure underpinned by regulated frameworks, bank-level compliance, and API-based distribution.
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This eliminated expiration dates, lowered transaction costs, and created a tool so practical that every crypto exchage immediately followed suit. Today, perpetual swaps account for the majority of global crypto trading volume. Hayes had effectively solved the timing problem, at least in the world of derivatives contracts.
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For institutions hoping to directly access its system, this fee mechanism almost constitutes a "reverse promotion" strategy. Because it's not selling a product, but setting standards. The cryptocurrency trading network had already been constructed around USDT, and any participant wanting to access this network must align with it.
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