Assessing the state of centralized exchanges as they record sharp dip in trading volumes
Technologien Bewertung des Zustands zentralisierter Börsen, da sie einen starken Rückgang des Handelsvolumens verzeichnen 2 mins ago Bitcoin Ethereum Nachrichten After three consecutive months of growth, trading volumes on centralized crypto exchanges (CEX) fell sharply in April, according to market data provider Kaiko. Infact, April witnessed the lowest monthly volume so far in 2023. The volumes nearly halved from March, which were the highest in 2023. Kaiko added that Aprils decline reversed the gains made in March during which pre-FTX levels were attained. However, it added that the overall volume remained considerably higher than the pre-2020 bull run era. Handelsvolumen auf #CEXs ging im April zurück, nachdem er drei Monate in Folge gestiegen war und im März das Vor-FTX-Niveau übertroffen hatte. Behemoths falter The drop in overall CEX trading volume was led by behemoths like Binance and Coinbase. Data from CoinGecko revealed that daily volume on Binance, the worlds largest crypto exchange, dipped significantly in April after the highs in mid-March. This decrease was primarily due to Binance halting its no-fee trading program on 22 March. As per an earlier report by Kaiko, zero-fee trade volume made up the bulk of the total volume on Binance, nearly 66%, until mid-March 2023. Quelle: CoinGecko Moreover, U.S. based exchanges also witnessed steady drop