BTC $44071.61 (3.35%)
ETH $3124.94 (5.79%)
USDT $1.00 (-0.0%)
BCH $545.05 (2.52%)
BSV $145.91 (-2.3%)
LTC $160.63 (1.87%)
BNB $378.46 (3.56%)
ADA $2.24 (4.77%)
DOGE $0.22 (4.57%)
BTC $44071.61 (3.35%)
ETH $3124.94 (5.79%)
USDT $1.00 (-0.0%)
BCH $545.05 (2.52%)
BSV $145.91 (-2.3%)
LTC $160.63 (1.87%)
BNB $378.46 (3.56%)
ADA $2.24 (4.77%)
DOGE $0.22 (4.57%)

Spot Trading Volume Surges to $1.58T on Some Exchanges

Spot_trading_volume_on_legitimate_exchanges_hit_1_58_Trillion_in
  • Spot trading volumes have increased to $1.58 trillion on some crypto exchanges.
  • These crypto exchanges include Coinbase, Gemini, Bitfinex, and more.
  • Also, the on-chain stablecoin volume increased by over 30%.

The volume of spot trading activities through some renowned crypto exchanges has recorded a new all-time high of $1.58 trillion. Of note, the record $1.58 trillion spot trading volume occurred just in April alone.

To name a few, Binance, Coinbase, Kraken, Gemini, Bitfinex, bitFlyer, and more others are the exchanges that recorded the $1.58 Spot trading volume.

Source: Crypto Compare, The Block Research
Source: Crypto Compare, The Block Research

Also, spot trading even recorded an active volume of about $1.06 trillion in March. Moreover, the current $1.58 trillion trading volume represents an over 49% drastic increase from $1.06 trillion.

Aside from the rise in spot trading volume, the on-chain volume of stablecoins also increased 31.2% to an all-time high of $504 billion. However, Bitcoin miner revenue reduced by 2.5% to 1.7 billion. However, Ethereum miner revenue increased by 19.4% to $1.65 billion in the same month.

Of note, Ethereum price recently broke the $3,000 price mark. This bullish surge represents the first time that an altcoin has breached the $3K price barrier.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.