For the fourth month in a row, the trading volume on cryptocurrency exchanges has exceeded $ 1 trillion, and in May, for the first time in history, exceeded $ 2 trillion.
The total trading volume on major cryptocurrency exchanges for the first time exceeded $ 1 trillion in February this year. At the same time, if in February the figure was $ 1.23 trillion, then in March it slightly decreased to $ 1.17 trillion. April showed a significant increase to $ 1.66 trillion, and in May the trading volume exceeded $ 2.2 trillion.
Binance remains the dominant exchange in the market. In May, the volume of transactions on the platform exceeded $ 1.5 trillion. This accounts for two-thirds of the total trading volume on cryptocurrency exchanges.
If you choose platforms that trade cryptocurrencies for fiat money, then the American exchange Coinbase will become the leader, whose users have made transactions worth $ 198 billion.
It is worth noting that trading volumes on cryptocurrency exchanges may decrease next month. This is facilitated by a possible ban on mining and other restrictions by the Chinese authorities. Against this background, the popularity of over-the-counter trading platforms has grown significantly in China.
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