Crypto exchange volume crosses $2 trillion in May — the highest ever in history
May 31, 2021, 3:50AM EDT
1 min read
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.
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 […]
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.