CEXs Trading Volume Breaks Its 6-Month Gaining Streak In April: CCData

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The overall trading volume of CEXs plunged down in April after a consecutive 6-month gaining streak. As per the blockchain tracker CCData, the combined volume of spot market and derivatives trading on CEXs fell by a staggering 43.8% to $6.58 trillion. In March, the combined volume was about $11 trillion while in February it was about $8 trillion. However, the overall volume in 2024 was higher than any month in 2023 except December. Bybit, OKX, and Binance were the most hit. The metaverse/gaming sector witnessed a 32.4% increase in returns from last month.