Trading volumes of cryptocurrency exchanges are growing along with market volatility
In just 12 short hours the price bitcoin fell by 13%, together with than capitalization of the largest cryptocurrency decreased by more than $ 12 billion. Before of this the market showed a minimum level of 30 days volatility, not observed since December 2016 of the year.
Low volatility created unfavorable conditions for trade, of-what are the volumes of cryptocurrency exchanges reached minimum values. but along with yesterday’s jump in volatility rose and trading volumes – by 80% all exchanges, according to data from The Block.
On some exchanges increase activity it turned out especially noticeable. So, Coinbase trading volumes skyrocketed in 24 hours on 400%. eleven November Coinbase fixed the volume trades in $ 40 million. Today the value approaching to $ 430 million.
Other exchanges (Binance, Bitfinex, Kraken) also experienced growth volume trades.
It is noteworthy that in terms of the growth in the trading volume, different exchanges, Binance, today correlate with each other.