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Cryptocurrency Exchange Spot Volumes Surge over 170% in a Year

From financemagnates.com

Bitcoin (BTC) has been maintaining its multi-month highs for another consecutive month, just a step away from its historical highs. It is driving investor activity and, consequently, the trading volumes of the largest crypto exchanges. In May, the spot volume for the top ten platforms exceeded $1 trillion, growing by 173% compared to the same month a year earlier. Looking at the statistics of the largest cryptocurrency exchanges in terms of volume, we notice that May brought the second month of declines after a record-breaking March. April saw a 60% plunge post-halving, and the month-over-month depreciation averaged ... (full story)

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  • Category: Fundamental Analysis