Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%.
From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security Token Group’s reports.
That big run up means that despite the massive slump in trade activity, September was still the second-strongest month on record for security tokens with more than $9.15 million in combined trade.
tZERO’s TZROP token, which represents equity in the alternative trading system, comprised more than half of the total trade, with $5.3 million in volume, down from August’s $11.8 million.
TZROP declined just 2% in price over the month, from $7.26 to $7.10, however it traded within a range between $6 and $7.90. TZROP is the second most popular security token with a market cap of $128 million, making it the 80th-ranked crypto asset according to CoinMarketCap
Overstock’s OSTKO digital security,