CryptoMediaClub
Saturday, July 5, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Crypto exchanges spot trading volume declines in April; Binance takes major hit

10.05.2023
A A
0
131
VIEWS
ShareShare

Crypto exchanges saw a significant decline in their overall trading volume in April, with Binance trading volume dropping by almost 50%.

According to CCData, the trading volume for spots and derivatives on centralized exchanges fell by 27.9% to $2.77 trillion in April — the lowest since December 2022.

A breakdown of these trading activities showed that spot trading volume declined 40.2% to $621 billion — the second-lowest since July 2020 and the lowest since December 2022.

Market becoming more speculative

In a sign of how speculative the crypto market has become, 77.6% of all trading activities on the crypto market were based on derivatives trading. CCData noted that this was an all-time high.

“This is an all-time high for the market share of derivatives, highlighting the increase in usage of leverage as traders speculate on the current uncertain macroeconomic conditions over the potential pause on rate hikes.”

Despite its increasing market share, the derivative market volume declined by 23.3% to $2.15 trillion in April.

Derivatives Market
Source: CCData

The top three platforms for derivative trading activities were Binance, OKX, and ByBit, which cumulatively control 91% of the market.

Binance trading volume declines

On an exchange-by-exchange basis, spot trading activities on Binance dropped by 48% to pre-FTX collapse levels of $287 billion — its second-lowest month since 2021.

As its spot volume declined, its overall market share fell for the second consecutive month to 46.3%. This is also its lowest market share since October 2022.

Crypto exchanges trading volume
Source: CCData

Despite its falling numbers, Binance remains the undisputed leader in the space. Its closest rivals — Coinbase and OKX — both control around 10% of the market.

Meanwhile, Binance introduction of zero-fee trading for its Bitcoin/TrueUSD trading pair has made TUSD the third-largest stablecoin by trading volume on centralized exchanges, surpassing USDC for the first time since June 2020.

CCData reported that the move saw the trading volume for the pair increase by 851% in April, while that of USDT/BTC declined by 65.9%.

The post Crypto exchanges spot trading volume declines in April; Binance takes major hit appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership
Analysis

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

04.07.2025
0

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from...

Read moreDetails
Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain

04.07.2025
Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

Why a handful of altcoins are surging over 30% as Bitcoin trends sideways

04.07.2025
Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

Polymarket bettors forecast 75% chance Bitcoin reaches $120k in 2025 as prediction volume jumps 30%

04.07.2025
MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy

04.07.2025
Load More
Next Post
Crypto Market Rallies as U.S CPI Inflation Comes in at 4.9% for April

Crypto Market Rallies as U.S CPI Inflation Comes in at 4.9% for April

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Polkadot Is Red Hot As DOT Blasts Past $9, Up 122% in 30 Days

Polkadot Is Red Hot As DOT Blasts Past $9, Up 122% in 30 Days

7 months ago
Binance Dominates Crypto Liquidity with Largest Stablecoin Reserves: CryptoQuant

Binance Dominates Crypto Liquidity with Largest Stablecoin Reserves: CryptoQuant

1 month ago
Flamingo Finance Shares Post-Mortem for $5M Poly Network Exploit and Recovery Efforts

Flamingo Finance Shares Post-Mortem for $5M Poly Network Exploit and Recovery Efforts

11 months ago
Kraken Exec Questions Efficacy of Crypto Ads at Super Bowl Despite Global Reach

Kraken Exec Questions Efficacy of Crypto Ads at Super Bowl Despite Global Reach

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

Google’s Gemini AI Predicts the Price of XRP, Solana and Cardano by the End of 2025

ChatGPT’s 42-Signal DOGE Analysis Flags Key $0.155 Support Test Amid Musk Drama

Trending

Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?
All news

Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?

05.07.2025
0

Ethereum is attracting significant institutional capital, despite its price struggling to gain traction above $2,600. According to...

Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived

Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived

05.07.2025
Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz