Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April
Data collected by The Block Research shows that spot trading volumes on legitimate exchanges hit a new all-time high for April.
As noted by The Block’s Lars Hoffmann, the exchanges listed below saw a collective $1.58 trillion in spot trade volume last month.
The $1.58 trillion figure represents a 49% increase compared to March’s $1.06 trillion.
Source: Crypto Compare, The Block Research
Key market events in April include bitcoin’s surpassing of a new all-time high above $60,000 as well as a mid-month, weekend futures liquidation event as the price briefly plunged below $52,000. That event triggered a record number of crypto futures liquidations, as previously reported.
At press time, the price of bitcoin is trading at roughly $56,835 on Coinbase.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
