Crypto trading volume has been on the rise in recent years. The volume of growth in crypto trading broke a record after 2018.
Crypto trading volume broke a monthly record
The crypto money market, which entered the year 2020 very quickly, had collapsed in March. However, he managed to recover quickly in the ongoing process.
The cryptocurrency market has entered a recovery process, with Bitcoin surpassing the level of 12 thousand dollars and showing the best performance of recent years. While Bitcoin is currently trying to maintain its value at $10 thousand levels, the volume of cryptocurrency trading is also on the rise.
According to the volume index published by The Block, the volume in cryptocurrency trading has experienced the biggest monthly increase since February 2018. This 75 percent increase has been the highest monthly increase since 2018.
According to the research results, the trade volume, which was 109.3 billion dollars in July, reached 191.2 billion dollars in August. When we look at the total transaction volume, Binance has 65 percent of the transactions in the market.