Trading Volume on Spot Crypto Exchanges Increased More Than 6% Last Month

Last month was productive for cryptocurrency exchanges. In April, both spot trading volumes and the amount of transactions in the crypto derivatives market increased.

According to CryptoRank, in April, the amount of transactions on spot exchanges increased by 6.3% from $878 billion to $933 billion.

According to the researchers of the company, Binance and Bithumb showed the best results.

Trading on spot Bitcoin exchanges has been on the rise since February. Prior to that, since November, on the contrary, they have been declining. In the crypto derivatives market, the total amount of transactions in April increased by 1.87% compared to March.

However, decentralized exchanges, on the contrary, showed negative results. According to Glassnode, trading volume on DEX platforms has fallen by almost 22%.