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News Explorer — Trading Volume on Centralized Exchanges Lags as Big Firms Retreat and Investors Opt for DeFi

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May 31, 2:16 pm
The Block

Trading Volume on Centralized Exchanges Lags as Big Firms Retreat and Investors Opt for DeFi

Crypto market activity has been at its lowest in years, with monthly exchange volumes in May 2021 at $424 billion, compared to $1.4 trillion and $4.25 trillion in May 2021 and 2022 respectively. This inactivity is attributed to a retreat of large trading firms and a shift to decentralized trading venues, as well as lower volatility.

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