September 3, 2019, 7:01AM EDT
• 2 min read

Cryptocurrency traded volume dries up in August

Quick Take

  • Traded volume on spot cryptocurrency exchanges hit a 5-month low of $55 billion in August
  • August seems to be the first month in the last three years when there is a significant discrepancy between volume and price
  • Coinbase, bitflyer, and Bitstamp have grown the fastest in 2019; Bitfinex and Bittrex the slowest
  • Based on both the falling spot and derivatives volume, the market doesn’t seem to be in the best shape at the moment

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here