Crypto exchange trade volume broke all records in January, crossed $900 billion mark
Spot trading volume on cryptocurrency exchanges has crossed all previous records to reach over $900 billion in January, according to data compiled by The Block.
Of the total about $906 billion, Binance accounted for almost 60% share, or about $518 billion. Coinbase and Kraken followed Binance, with about $118 billion and around $56 billion in trade volume, respectively.
As compared to December’s volumes, January’s trading volumes are up by about 140%.
Last year, the total volume for 2020 across legitimate crypto exchanges exceeded $1 trillion, to reach roughly $1.82 trillion.
© 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: Yogita Khatri
