Trading volumes on crypto exchanges are growing thanks to applications for crypto-ETFs
Over the past week, the volume of trading on centralized cryptocurrency exchanges has increased significantly. Analysts attribute this to BlackRock’s bid for a spot crypto ETF. Average trading volume on CeFi rose from $11 billion on May 26 to $19.5 billion on June 26. However, trading volumes are well below record levels — in 2021, during Bitcoin’s bull cycle, the figure exceeded $150 billion per day. “We believe that the surge in trading volume over…
