Monthly Volumes of Crypto Money Exchanges Reached $ 1.3 Trillion

Cryptocurrency exchanges broke a volume record in April.

Crypto exchanges saw $ 1.3 trillion in volume in April.

This amount surpassed the all-time high seen in February, according to data from The Block Research. The April figure also draws attention because it is the third month in a row when the volumes exceeded $ 1 trillion.

On the futures side, the peak was seen in mid-April. Bitcoin futures, which reached the level of $ 27 Billion for the first time in terms of the amount of open positions, have been very popular recently.

According to many analysts, the increase in volumes on the futures side increases in direct proportion to the increase in the share of institutional investors in the market.

On the term side, April, which is behind March in terms of volume, is the lowest month of 2021 as of writing.

According to thedata received from TradingView, the market value of Bitcoin, which is traded at $ 49,825 as of writing, has fallen below $ 1 Trillion. With a market value of $ 932 billion for now, Bitcoin has a daily volume of around $ 38 billion.

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