JPモルガン Reports 20% Decline in November Crypto Trading Volumes

The bank notes reduced activity in spot, stablecoin, DeFi (decentralized finance), and NFT (non-fungible token) markets amid broader downturn.

NFT

Summary

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Terms & Concepts
  • DeFi (decentralized finance): Blockchain-based financial services enabling peer-to-peer transactions without traditional intermediaries.
  • NFT (non-fungible token): Unique digital assets stored on a blockchain, often representing art, collectibles, or in-game items.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce volatility.