Cryptocurrency trading platforms witness a clear rise in trading volumes
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Answer Cryptocurrency trading platforms witness a clear rise in trading volumes
The total market capitalization of the cryptocurrency market has fallen below $230 billion.
Among the hardest-hit currencies is Bitcoin, which was hovering above $10,000 and falling to $8,450 at the present time.
The collapse in prices was accompanied by a clear increase in trading volumes, which were declining at an almost constant pace in the past periods
And exactly since last June, as the graph shows:
It is clear that the recent price volatility has caused the trading volume to reach high levels that we have not seen for a while.
Considering which platforms have had a high trading volume in the recent period, you can look at the charts shown below:
Read:Binance Founder Predicts Bitcoin to Reach $100,000 & Explains His Reasons
The Binance platform in this graphic is not mentioned by Source And for unknown reasons.
It appears that the most prominent platforms in this order in terms of Bitcoin trading volume in the last 24 hours are Coinbase, Kraken, Bitstamp, Bitfinex…
Read:Deutsche Bank: This is our view of Bitcoin as a ‘store of value’
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