Activity on crypto exchanges has fallen to a minimum since 2020


Trading volumes on centralized crypto exchanges in May dropped to the lowest since October 2020 ~ $ 424 billion. Similar data is provided by The Block.

Data: The Block.

For comparison, a year earlier this value was $1.4 trillion, two years ago – $4.25 trillion.

The publication explained the trend by the departure of large market makers from the market and the reorientation of investors to DEX. An additional factor was the reduction in the range of price fluctuations.

“Volatility tends to decrease in a corrective mode after reaching annual maximum in March. We are looking at average daily ranges for Bitcoin and Ethereum of $818 and $57 respectively.” – LMAX analysts noted.

Data: The Block.

Recall that recently the media reported about the reductions in Binance.

Earlier, ForkLog drew attention to the increase in the ratio of trading volume on the DEX to CEX to a record 22%. This happened against the backdrop of the popularity of meme-cryptocurrencies.

In May, the share of Ethereum from the total supply on the accounts of centralized platforms dropped to the lowest since July 2016 14.85%.

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