{"id":79584,"date":"2023-06-01T12:20:13","date_gmt":"2023-06-01T09:20:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79584"},"modified":"2025-09-11T11:52:52","modified_gmt":"2025-09-11T08:52:52","slug":"activity-on-cryptocurrency-exchanges-falls-to-the-lowest-since-october-2020","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/activity-on-cryptocurrency-exchanges-falls-to-the-lowest-since-october-2020\/","title":{"rendered":"Activity on cryptocurrency exchanges falls to the lowest since October 2020"},"content":{"rendered":"

Trading volumes on centralized cryptocurrency exchanges in May fell to the lowest since October 2020, around $424 billion. The data is from The Block<\/a>.<\/p>\n

\\\"image-350\\\"
Data: The Block.<\/figcaption><\/figure>\n

For comparison, a year earlier this figure stood at $1.4 trillion, two years ago at $4.25 trillion.<\/p>\n

The publication attributes the trend to the departure of large market makers from the market and investors’ reorientation toward DEX<\/a>. An additional factor was the narrowing of the range of price fluctuations.<\/p>\n

\n

\u201cVolatility tends to decline during a correction after reaching<\/em> annual maximum<\/em><\/a> in March. We consider the average daily ranges for Bitcoin and Ethereum at $818 and $57 respectively,\u201d<\/em> \u2014 said the analysts at LMAX.<\/p>\n<\/blockquote>\n

\n
\\\"image-348\\\"
Data: The Block.<\/figcaption><\/figure>\n<\/div>\n

Earlier this week, the media reported layoffs at Binance<\/a>.<\/p>\n

Previously ForkLog drew attention to the rise in the share of trading volume on DEX relative to CEX<\/span> to a record 22%<\/a>. This occurred amid the popularity of meme cryptocurrencies.<\/p>\n

In May, Ethereum’s share of the total supply on centralized platforms fell<\/a> to a July 2016 low of 14.85%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trading volumes on centralized cryptocurrency exchanges in May fell to the lowest level since October 2020, around $424 billion.<\/p>\n","protected":false},"author":1,"featured_media":79585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,787,1145],"class_list":["post-79584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-dex","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79584"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79584\/revisions"}],"predecessor-version":[{"id":79586,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79584\/revisions\/79586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79585"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}