Trading volume on cryptocurrency exchanges exceeded $2 trillion for the first time in a monthFor the fourth month in a row, the trading volume on cryptocurrency exchanges exceeds $1 trillion, and in May for the first time in history it exceeded $2 trillion. The total trading volume on major cryptocurrency exchanges for the first time exceeded $1 trillion in February this year. Meanwhile, while the figure was $1.23 trillion in February, it dropped slightly to $1.17 trillion in March. April showed a noticeable increase to $1.66 trillion, and in May the trading volume exceeded $2.2 trillion.
Binance remains the dominant exchange on the market. In May, the volume of transactions on the platform exceeded $1.5 trillion. This represents two-thirds of the total trading volume on cryptocurrency exchanges.
If we choose platforms, which trade cryptocurrencies for fiat money, then the leader will be American exchange Coinbase, the users of which made transactions for $198 billion.
Bitcoin Economics
