Crypto Trading Volume Dropped in Second Quarter to Lowest Since 2019
07/07/2023 19:20
Trading volume on cryptocurrency exchanges in the three months ended in June was the lowest since the final quarter of 2019 despite a jump in activity during the final weeks of last month.
Trading volume on cryptocurrency exchanges in the three months ended in June was the lowest since the final quarter of 2019 despite a jump in activity during the final weeks of last month.
Volume on so-called centralized exchanges rose 16.4% to $575 billion in June, the first increase in three months, according to a report from researcher CCData. Overall, trading volume fell 40% to $1.7 trillion from the first quarter, and was down 62% compared with the year-earlier period, the researcher said.