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📌 Centralized crypto exchanges’ turnover fell in April after six consecutive months of growth: CCData

Total trading volume on centralized cryptocurrency exchanges (CEX) fell sharply in April after six consecutive months of growth, according to new data. Cryptocurrency

– Total trading volume on centralized cryptocurrency exchanges (CEX) fell sharply in April after six consecutive months of growth, according to new data.

According to blockchain tracker CCData, total spot market and derivatives turnover on centralized exchange platforms fell sharply by 43.8 percent to $6.58 trillion.

According to the company’s chart, the total trading volume in March was around US$11 trillion, while in February it was US$8 trillion. However, the chart shows that the total trading volume in April 2024 is still higher than any month in 2023 except December.

CCData then presents the cryptocurrency exchanges that saw the largest volume declines. According to the company, Bybit, OKX and Binance, the world’s largest cryptocurrency exchanges by trading volume, were the hardest hit.

Looking at individual exchanges, Binance (Grade A) was the largest top-tier spot exchange among AA-A rated exchanges in terms of trading volume in April, with $679 trillion (-39.2% ) traded. It was followed by Bybit (Grade AA) with $133 billion (down 26.9% ) and OKX (Grade A) with $126 billion (down 34.8% ).”

Bitcoin

Bitcoin

$66,886.70

BTC 2.12%

Ethereum

Ethereum

$3,091.70

ETH 4.70%

Binance Coin

Binance Coin

$579.86

BNB 1.33%

XRP

XRP

$0.52

XRP 1.33%

Dogecoin

Dogecoin

$0.15

DOGE 2.58%

Cardano

Cardano

$0.48

ADA 4.84%

Solana

Solana

$169.37

SOL 4.32%