Volumes across exchanges like Binance, Coinbase and OKX dropped in April, the first time since late last year.
Cumulative spot trading volume on centralized crypto exchanges fell in April, representing the first month-to-month decline in seven months, according to The Block Data Dashboard.
The drop in spot trading volumes across exchanges like Binance, OKX and Coinbase coincided with the price of bitcoin dropping by about $10,000, or 15%, during the month of April. Binance maintained its top spot with $700 billion in spot trading volume, according to the data.
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