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Trading on Crypto Exchanges Fell for First Time in Seven Months
Trading volume on major crypto exchanges fell in April for the time in seven months while market bellwether Bitcoin retreated from a record high. Spot trading volume on so-called centralized exchanges such as Coinbase Global, Binance and Kraken tumbled 32.6% to $2 trillion last month, according to data from researcher CCData. Derivatives trading volume also declined for the first time in seven months, falling by 26.1% to $4.57 trillion. While trading volume skyrocketed earlier in the year on the introduction of US exchange-traded funds investing into Bitcoin, it slackened amid a tightening of financial conditions in ... (full story)