Total trading volume on centralized cryptocurrency exchanges dropped 27% in May, reaching the lowest level since November 2020.
The data published by The Block Research shows that the total spot trading volume of centralized cryptocurrency exchanges (CEX) in May 439 billion showed that the dollar fell. Volumes by April experienced a decrease of 27.31% specified. Moreover volumes for the month of June November November 2020 in the month $465.4 billion after level lowest level was noted.
First bitcoin including cryptocurrencies at the beginning of the year emerging and last month much the lasting acceleration in may reversal with decrease in volumes also continued.
In the process Binance’s trading volume in spot markets 293 billion from dollars 218 billion dollars Coinbase’s trading volume 34.8 billion from dollars 26.8 billion dollars and of OKX trading volume 35.9 billion from dollars 29.7 billion fell to the dollar. Exchanges in order 25.59%, 22.98% And 17.27% suffered a loss of trading volume.
On the other hand, the decrease in volumes started in April on the relevant dates. in the USA occurring falling volumes of banking crisis on you main factor thought it might be.
Also in CEXs in May while the volume is declining volumes (DEX) on decentralized cryptocurrency exchanges rise attracted attention. This situation caused investors to lose their money due to the banking crisis. to CEXs heard your distrust in volumes effective on the decline. may be strengthened his thesis.