In May 2021, trading volume across cryptocurrency exchanges reached a record high of $2.27 trillion, according to The Block.
The Binance trading platform leads the ‘crypto-to-crypto’ segment (the main exchange does not offer USD trading). May trading volume stands at $1.5 trillion.
Coinbase leads the ‘fiat-to-crypto’ segment with $198 billion.
May 2021 could prove to be the worst month for Bitcoin, which by the end of the month fell 37%. At the time of writing, Bitcoin is trading at around $36,850, according to CoinGecko.
On May 26, amid a sell-off in the cryptocurrency market, the total capitalization of stablecoins surpassed the $100 billion mark.
In April, Bitcoin exchange traffic approached the 2018 record.
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