Head Topics

Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market.

Derivatives fell out of investor favor again as activity in the futures and options market declined by 47.6% to $4.57 trillion. Meanwhile, the spot market volume suffered a relatively measured drop of 32.6% to $2.01 trillion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto trading volume declines following indecisiveness among tradersThe general crypto market has witnessed a steady decline in trading volume since March 6 according to data from Santiment.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bybit Marks Volume Growth, Expands Its Share in Crypto TradingBybit emerges as top contender in crypto trading, boasting significant increase in market share this year
Source: Utoday_en - 🏆 295. / 63 Read more »

Robinhood posts Q1 earnings beat, sees 224% increase in crypto trading volumeThe commission-free brokerage firm reported record earnings, led by a strong increase in crypto trading.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action LoomsAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »

goodcryptoX Launches Public Beta, Bringing Advanced Trading Tools to Decentralized Crypto TradinggoodcryptoX, the next generation DEX trading platform, has officially launched in public beta, providing DeFi traders with access to advanced trading tools previously only available on centralized platforms.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Tether, USDC and DAI transaction volume surpasses Visa's 2023 monthly average: NansenTransaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa's 2023 monthly average, according to Nansen.
Source: TheBlock__ - 🏆 464. / 53 Read more »