The Exchange Turnover has Fallen to the Levels of 2020.
04 Jul 2023, 15:19
The Exchange Turnover has Fallen to the Levels of 2020
Kaiko analysts have made an assessment of trading on cryptocurrency exchanges. They concluded that the total trading volume on cryptocurrency exchanges in April-June fell to its lowest since the fourth quarter of 2020.
The trading turnover of Binance fell by 70%. The return of commissions for the most liquid bitcoin pairs is believed to be one of the factors behind the decline. Coinbase, Kraken, OKX and Huobi were all down 50%.
The trading turnover of digital assets also fell. The worst performance of Binance is its market share fell from more than 40% at the beginning of 2023 to 16% in June. Kraken's market share rose from 45% in January to 60% in June.
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