Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData

Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData


New data reveals that the overall trading volume of centralized crypto exchanges (CEXs) plummeted in April after six consecutive months of gains.

According to blockchain tracker CCData, the combined volume of spot market and derivatives trading on centralized exchange platforms fell by a staggering 43.8% to $6.58 trillion.

The firm’s charts indicate that in March, the combined volume was about $11 trillion and in February, it was approximately $8 trillion. However, the chart also reveals that the overall volume in April 2024 is still higher than it was during any month in 2023 except for December.

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Source: CCData/X

CCData goes on to note the crypto exchanges that saw the most fall in volume. According to the firm, Bybit, OKX and Binance, the world’s largest crypto

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