Trading on Crypto Exchanges Fell for First Time in Seven Months
- Spot trading volume dropped by nearly 33%, according to CCData
- Crypto derivatives trading volume fell by about 26% in April
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Trading volume on major crypto exchanges fell in April for the time in seven months while market bellwether Bitcoin retreated from a record high.
Spot trading volume on so-called centralized exchanges such as Coinbase Global, Binance and Kraken tumbled 32.6% to $2 trillion last month, according to data from researcher CCData. Derivatives trading volume also declined for the first time in seven months, falling by 26.1% to $4.57 trillion.