Trading volumes on cryptocurrency exchanges decreased to the level 2020 of the year – Bits Media

According to the analytical service Kaiko, The volume of trading in centralized cryptocurrency exchanges decreased to $5 billion a day. The same indicators were in 2020 year, Before a large -scale growth of the bitcoin course.

Judging by the schedule, The maximum trading volumes have been reduced from May 2021 of the year. Then, record volumes were considered about $300 billion a day. In May 2022 The indicator is the year $230 billion. In April 2023 the volume of trading on CEX reached the year $100 billion, But in recent weeks, the average trading volume has decreased to $5 billion.

As the co -founder of Reflexivity Research Will Clemente noted (Will Clemente), This shows apathy in the market. At the same time, traders, who continue to trade, may make a noticeable profit.

"Market, generally, located in the period of apathy and surrender - large masses of traders have no speculative interest, But this opens up opportunities for those, Who continues to stay in the market ", - noted Clemente.

In the market of decentralized sites, the situation is somewhat better - the average volumes of trading have been stable since the middle of last year. At the same time, the total amount of blocked funds in DEX projects also remains stable. I.e, Analysts do not observe the migration of traders from centralized to decentralized sites.

In early May, it was reported, that the volume of trading in the spot market has significantly decreased. Analysts associated this with the return of commissions for trading at the largest Binance Exchange.