According to The Block, trading volume on cryptocurrency exchanges jumped to $733 billion in September, up 16% month-on-month and marking the first significant increase since May of this year.
In the year’s first half, the cryptocurrency industry did not perform as well as expected, with a significant drop in spot and derivatives trading volumes across major exchanges.
Cryptocurrency spot trading volumes fell nearly 28% in June to $1.41 trillion, the lowest level since December 2020, as bitcoin prices tumbled, according to data compiled by CryptoCompare.