Data collected by The Block Research exhibits that spot trading volumes on legitimate exchanges hit a brand new all-time excessive for April.
As noted by The Block’s Lars Hoffmann, the exchanges listed beneath noticed a collective $1.58 trillion in spot commerce quantity final month.
The $1.58 trillion determine represents a 49% improve in comparison with March’s $1.06 trillion.
Key market occasions in April embody bitcoin’s surpassing of a brand new all-time excessive above $60,000 in addition to a mid-month, weekend futures liquidation occasion as the worth briefly plunged beneath $52,000. That occasion triggered a report variety of crypto futures liquidations, as beforehand reported.
At press time, the worth of bitcoin is trading at roughly $56,835 on Coinbase.