Crypto Monthly Trading Volume Drops For First Time In 7 Months To $6.58 tn
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.
The cumulative volume in spot and derivatives markets fell by 43.8% to $6.58 trillion, a sharp retracement from March’s record high of $9.12 trillion, according to a report by London-based digital assets data provider CCData.
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.
(With inputs from Shikha Singh)
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