Crypto exchange volume crosses $2 trillion in May — the highest ever in history

advertisement

Crypto exchanges have seen more than $2 trillion in volume this month, according to The Block's Data Dashboard, setting a new record.

May is the fourth month in a row where such exchanges have seen more than $1 trillion in volume, according to The Block's legitimate volume index. The index takes data from the largest exchanges that are known to report trading data more accurately.

Binance continues to be at the number one spot for crypto-to-crypto exchanges (its main exchange doesn't offer trading with USD). The exchange has seen nearly $1.5 trillion worth of trading volume so far this month.

Coinbase, on the other hand, remains the top fiat-to-crypto exchange. It has seen more than $198 billion worth of trading volume , according to The Block's Data Dashboard.

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
More