April's crypto exchange volumes have hit a new all-time high


Crypto exchanges have seen some $1.3 trillion in volume, according to data collected by The Block, the most-ever on record. 

The amount eclipses the previous all-time high seen in February on legitimate exchanges, as shown in the chart below. April's figure also represents the third month in a row that volumes have exceeded $1 trillion. 

Significant market events this month include an all-time price high for bitcoin as well as a new single-day record for crypto futures liquidations after a market plunge last weekend. 

At press time, bitcoin is trading hands at just over $50,000, according to data from Coinbase

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC