- KobeissiLetter said average daily trading volume across 44 spot cryptocurrency exchanges fell to about $15 billion, the lowest level this year.
- Average daily trading volume has fallen about 70% from its January peak and is also down about 50% since December last year, marking a yearly low.
- More than 60% of total spot trading volume was concentrated at the top six exchanges, while liquidity in the cryptocurrency market is drying up quickly.
Forecast Trend Report by Period
Trading activity in the cryptocurrency market has slowed, sending spot volume to its lowest level of the year.
KobeissiLetter, citing Kaiko data on August 3, said average daily trading volume across 44 spot…
