Crypto exchange trading volumes rose by 16% in September
The indicator showed positive dynamics for the first time in four months
03.10.2022 - 09:20
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What’s new? Cryptocurrency exchange trading volumes in September increased by 16% compared to the previous month, amounting to $ 733,8 billion. This indicator showed positive dynamics for the first time since May 2022, according to The Block. Back then, the exchange trading volume was $830,5 billion. It reached a record high in May 2021 at $2,23 trillion.
What other data are known? It is reported that the trading volume was $629,3 billion in June, $632,7 billion in July, and $630 billion in August. Such indicators were seen amid the general decline of the cryptocurrency market. In May, the Terra blockchain ecosystem collapsed due to the loss of the UST stablecoin’s peg to the dollar and the collapse of the LUNA token that backs it. The aftermath of this collapse spread throughout the crypto industry
In August, Chinese analyst Colin Wu’s team recorded a 10% increase in spot trading volume on cryptocurrency exchanges. The figure rose for the first time in months to $1,87 trillion, up from $1,69 trillion in July.
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