Cryptocurrency trading volumes on centralized exchanges rose after 3 months.
BlackRock And fidelity spotlights of world giants such as Bitcoin exchange-traded fund (ETF) applications to cryptocurrency trading volumes after 3 months brought rise. According to the monthly report by on-chain analytics platform CCData on central stock exchanges combined spot and derivatives trading volumes up 14% to $2.71 trillion reached.
On the other hand, the volume in the derivatives market is higher than the total volume of the crypto market. 78.7%reached his. However, last May 79.1%The last data that emerged compared to the ratio of . The first volumetric decline in derivatives markets was recorded as.
According to analysts, this data is the investors of ETF applications. from derivatives markets to spot markets. it has revealed.
CCData analysts commenting on volume increases Driven by ETF filings mentioned:
The positive outlook in the market after the SEC’s lawsuit against Binance and Coinbase increased volatility and companies like BlackRock and Fidelity filed for spot Bitcoin ETFs contributed to the increase in trading activity last month.
According to the report, although there is an increase in combined volumes spot trading volumes It has continued to travel at historically low levels. Data, In the second quarter of 2023 spot trading volumes From the fourth quarter of 2019 proved to be at its lowest level since.
On-chain analytics platform Kaiko, according to its quarterly report, spot trading volumes of cryptocurrencies on centralized exchanges averaged over the previous quarter. 4.7 trillion at dollar level $1.8 trillion regressing 60% of He stated that he was on the decline.