Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market.
Derivatives fell out of investor favor again as activity in the futures and options market declined by 47.6% to $4.57 trillion. Meanwhile, the spot market volume suffered a relatively measured drop of 32.6% to $2.01 trillion.
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