Crypto trading volume hits four-year low 🔥

Crypto trading volume 2023

This was reported by Coindesk citing data from digital asset data provider CCData:

“Cryptocurrency transaction volume on the spot market is at its lowest level since March 2019, illuminating the soporific state of the market

Transaction volume on centralized exchanges fell 7.78% to $475 billion in August, while derivatives volume fell more than 12% to $1.62 trillion, the second-lowest since 2021.”

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