Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April

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.

Source: Crypto Compare, The Block Research

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

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About the Author: Daniel