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Cryptocurrency exchange trading volume has decreased
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Cryptocurrency exchange trading volume has decreased

Nov 2, 2022

The large-scale trading volume of cryptocurrency exchanges has decreased to December 2020. The Block reports that the amount of sales of cryptocurrency exchanges in the past amounted to $543 billion, and if we compare September and October, the figures of the first are $733 billion. Such data was observed only in December 2020 and amounted to 385 billion dollars (the same month was marked by a new historical maximum value of Bitcoin - more than 28,000 dollars).

In October, volatility was at its lowest level since July 2020.

Trading volume of cryptocurrency exchanges has decreased - news

The largest share of the trading volume goes to Binance, and this figure was $390 billion last month. The amount of trading in North America decreased to $78 billion and Coinbase's large share of trading was approximately 60%, amounting to $46.9 billion.

Trading volume in South America (on 2 platforms) - $9.4 billion.

Chart2 Trading volume of cryptocurrency exchange

In October, Asian cryptocurrency exchanges recorded a trading volume of $529 billion, the smallest since December 2020.

Trading volume of cryptocurrency exchanges has decreased - news

In Europe, trading volumes declined to their October 2020 low of $17.7 billion, on a monthly basis, figures were down over 20%. The trading volume of cryptocurrency exchanges decreased to December 2020 levels.

Trading volume of cryptocurrency exchanges has decreased - news

In this video, you can get acquainted with the most popular CEX exchanges - Binance, Bybit, Kraken, Coinbase, FTX.

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