
Ethereum paints the same picture

$110,748.00
-0.06%$2,667.13
1.86%$2.43
1.24%$685.63
0.74%$182.30
3.22%$0.99975
0.00%$0.245212
2.55%$0.814714
3.47%$0.273484
0.58%$2,664.66
1.63%$110,515.00
0.03%$3.84
-5.98%$35.24
16.72%$3,209.65
1.94%$16.76
2.80%$25.24
5.21%$0.302315
1.81%$0.00001549
2.57%$437.97
5.65%$0.204558
1.72%$8.86
-0.02%$3.15
0.21%$100.49
2.17%$4.95
2.92%$2,666.98
1.69%$392.08
-1.35%$0.999816
0.01%$5.77
9.60%$0.00001559
10.13%$2,844.63
1.58%$0.996807
-0.34%$0.792851
-4.70%$1.001
0.10%$110,793.00
0.02%$31.76
5.42%$464.33
-1.44%$6.50
2.82%$256.52
1.75%$3.07
4.49%$5.85
8.87%$219.77
3.65%$1.016
1.73%$52.96
0.02%$5.67
3.74%$0.115451
-0.94%$0.09977
0.58%$19.56
0.82%$1.00
0.00%$36.05
-0.02%$13.78
-4.96%$5.21
6.12%$21.89
0.49%$0.03044581
1.99%$0.760058
1.44%$1.17
0.02%$0.424907
4.84%$1.57
25.15%$0.908707
11.73%$5.20
3.38%$1.052
-0.00%$0.251196
1.13%$0.998166
-0.33%$110,551.00
0.35%$0.428907
1.69%$0.242483
2.64%$3.06
1.82%$4.40
-0.33%$2.90
6.99%$0.00002316
7.05%$0.596811
10.19%$0.529526
1.62%$4.73
1.52%$2,658.72
1.52%$0.999736
0.03%$1.58
7.07%$190.30
3.44%$0.985828
0.41%$2,782.77
1.78%$11.49
-0.05%$14.64
12.62%$98.23
-1.31%$2.17
8.18%$0.810012
5.14%$0.245688
2.47%$4.66
4.08%$0.703812
2.59%$0.01937402
0.24%$1.26
-1.64%$3,028.87
2.92%$1.23
7.68%$0.809686
6.47%$1.00
-0.03%$0.119464
1.97%$0.072364
-0.29%$0.835516
4.49%$110,561.00
-0.41%$1,756.77
-0.01%$0.00011235
7.90%$236.30
3.32%$3.40
1.34%$2,840.92
1.88%$0.966323
1.11%$0.02099641
2.51%$202.72
3.30%$0.01901608
0.45%$110,605.00
-0.35%$0.996674
-0.30%$0.999278
-0.02%$0.01417746
-1.35%$2,797.58
1.61%$0.972143
3.61%$0.229652
-1.21%$683.60
0.45%$109,570.00
-3.10%$0.999777
-0.03%$0.837501
-1.64%$0.143407
6.45%$2,786.14
4.06%$0.335835
1.98%$3,330.31
0.06%$2.48
-0.22%$0.85796
-3.77%$3,334.58
-0.05%$4.30
5.11%$48.91
12.87%$23.69
0.68%$0.078016
4.57%$38.88
0.12%$0.582531
-10.59%$0.00000076
2.00%$4.55
-1.83%$2.09
2.14%$0.122545
2.15%$12.57
-0.57%$2.14
3.65%$110,064.00
-0.69%$0.434221
2.20%$0.658158
2.24%$2.44
-2.42%$0.01998054
-1.14%$0.999458
-0.03%$0.997513
0.02%$0.33875
2.76%$2.05
-0.75%$0.244371
2.03%$111.15
0.01%$1.097
-0.78%$2,667.48
1.90%$2,667.25
1.90%$0.685784
1.92%$110,674.00
-0.14%$2,787.38
2.88%$0.696022
0.51%$19.50
1.35%$0.558761
6.34%$2,842.70
1.96%$0.00950923
0.38%$0.175042
6.18%$0.463016
-1.10%$0.698299
3.07%$0.539954
2.76%$0.00000136
11.99%$0.00527345
16.56%$7.90
0.93%$2,667.21
1.45%$110,644.00
0.19%$2.08
-0.17%$3.09
1.76%$0.195445
5.47%$0.107949
3.41%$0.999372
0.09%$0.097113
0.47%$0.196053
-7.05%$6.91
1.36%$0.73236
1.23%$107,275.00
-0.93%$0.00518521
-2.12%$0.00002393
1.03%$1.57
3.60%$0.433851
-0.65%$1.69
6.73%$0.050212
-3.19%$0.063631
-1.17%$1.67
-1.57%$0.999709
0.00%$0.04680004
1.11%$0.170606
3.27%$0.00000045
1.63%$0.00847066
6.08%$0.182059
4.20%$1.37
1.64%$35.29
16.26%$1.10
-0.06%$38.30
1.74%$2,663.16
1.93%$0.00493093
4.37%$0.00458665
26.64%$1.088
0.01%$1.001
1.01%$0.420426
1.66%$44.70
0.86%$0.37468
2.32%$0.00580553
2.77%$3.34
3.85%$0.885665
1.98%$2,825.89
1.74%$109,923.00
-0.27%$1.001
0.11%$35.27
16.27%$0.250926
1.01%$0.01973357
1.76%$0.999122
-0.04%$0.03801698
-0.67%$0.340123
1.72%$0.372827
4.08%$140.89
0.64%$0.39
0.82%$2,933.95
1.93%$110,625.00
0.06%$0.870134
1.90%$0.00006604
2.21%$1.001
0.03%$2,906.67
1.46%$25.28
5.18%$2,668.72
1.96%$0.00000164
-2.77%$0.239831
0.49%$0.269329
3.54%$19.98
3.18%$0.569678
10.31%$2.95
4.25%$2,675.86
2.99%$0.723238
0.95%$0.995638
-0.37%$2,878.42
1.92%$19.43
-0.50%$0.999679
0.00%$0.736213
3.70%$0.00073865
-1.95%$0.999827
0.02%$0.00302045
2.76%$24.95
2.49%$0.00
1.33%$30.53
5.25%$3.66
2.74%$3.27
-10.39%$203.50
3.53%$0.299215
27.49%Reading
Bitcoin's spot trading volumes for the current quarter have totaled $721.10 billion, according to CoinGecko data.
If September's volumes mirror those of July and August, it will mark the lowest trading volumes for a quarter since Q1 2019. Quarterly trading volumes hovered over $2 trillion for most of the time between 2019 and 2023.
Over the previous two months, Bitcoin saw trading volumes of $345.89 billion and $354.84 billion, respectively.
If conditions remain unchanged and September's volumes hover around $350 billion, the quarterly trading volumes would come close to $1.05 trillion.
For comparison, last quarter, the total quarterly trading volumes were $1.25 trillion, marking a potential 14% decline month over month.
CoinGecko data shows that the total trading volume for Bitcoin in the first quarter of 2019 was $541.3 billion.
Bitcoin quarterly trading volumes. Source: CoinGecko.
The conditions are similar for Ethereum (ETH).
In July and August, ETH recorded trading volumes of $232.06 billion and $212.92 billion, respectively.
If Ethereum’s September trading volumes reach approximately $220 billion, the cumulative quarterly trading volume for ETH would be just over $650 billion, a level not seen since 2019.
In Q4 2019, the total spot trading volumes for ETH amounted to $740.64 billion.
Ethereum quarterly trading volumes. Source: CoinGecko
According to a previous CoinGecko report, spot trading volumes for the entire crypto market on centralized crypto exchanges dropped by 43% in the second quarter of 2022.
Institutional trading firm Genesis Trading said in its last quarter report that derivatives will likely play a crucial role in the future growth of crypto volume, with “spot market liquidity suffering and spot order book depth chronically flagging.”
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