Crypto Exchanges Volume Hits $307B in May
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According to The Block Research’s Legitimate Volume Index, exchange volumes have declined significantly with May’s figure falling 23.2% from April to $307.4 billion.
This is the lowest level observed since November 2020.
Binance held a 71% market share for the month, followed by Coinbase and BTSE at 8.7% and 5.1%, respectively.
The Block Research director Lars Hoffmann has said that the May figure represents the lowest level since November 2020.
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