CEXs Trading Volume Breaks Its 6-Month Gaining Streak In April: CCData

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

May 11, 2024 18:49

The overall trading volume of CEXs plunged down in April after a consecutive 6-month gaining streak. As per the blockchain tracker CCData, the combined volume of spot market and derivatives trading on CEXs fell by a staggering 43.8% to $6.58 trillion. In March, the combined volume was about $11 trillion while in February it was about $8 trillion. However, the overall volume in 2024 was higher than any month in 2023 except December. Bybit, OKX, and Binance were the most hit. The metaverse/gaming sector witnessed a 32.4% increase in returns from last month.