Crypto Volume on Exchanges Dropped 12% to $2.6 Trillion
The BTC Volatility Index’s reading has been hovering around its lowest point since 2021. This index measures the implied volatility of the largest crypto asset. Simplistically, it gauges the view on volatility perceived by Bitcoin traders for the next 30 days. The current state of this metric points out that traders expect the current impassive state of affairs to prolong. Source: The Block Amid the lackluster conditions, centralized exchanges have recorded the second-lowest volume since 2021. According to a recent research report by CCData, “The combined Spot and derivatives trading volume fell 12% to $2.36 trillion. This was the second-lowest combined volume on centralized exchanges since December 2020, only eclipsed only by December 2022.” As far as the breakdown is concerned, Spot trading volumes on CEXes dropped by 10.5% to $515 billion, the second-lowest volume recorded since March 2019. Meanwhile, derivatives volumes shrunk by 12.7% to $1.85 trillio...