Currencies Replace Crypto at Forefront of Market Trading Chaos
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The atmosphere at a conference was markedly different from the previous few years: there was a buzz.
The atmosphere at a conference of currency market professionals was markedly different from the previous few years: there was a buzz. Senior executives from banks and brokers were feeling optimistic about the prospects of foreign-exchange trading at the recent gathering in Amsterdam. They've spent years eyeing the world of crypto with envy, as digital assets thrived in a highly volatile market, while traditional money remained dull. Currencies are now at the forefront of the action. Rapidly climbing interest-rate risks around the world and increased geopolitical tensions are fueling a 30% surge in trading and historic moves, reviving an industry that spent the past decade s...