CCData: Digital asset spot trading volume hit 19-month high in January

05/02/2024 19:04

Digital asset spot trading volume hit a 19-month high in January at nearly $1.4 trillion, according to CCData, although it was still below the monthly average during the 2021 cryptocurrency bull run. Evgeny Gaevoy, co-founder of market maker Wintermute, said, “We expect that by the end of the year our trading volumes will reach 2021 levels, especially for Bitcoin. If everything reaches the crazy level of 2021, we will need to raise hundreds of millions of dollars in trading funds." Separately, Chuan Jin Fong, head of sales for Asia, Europe, Middle East and Africa at GSR Markets, said the outlook for the crypto market has now improved as long-term inflows into ETFs will exceed expectations. (Bloomberg)

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MiyukiMar 21, 2024 6:23 pm

CCData: Digital asset spot trading volume hit 19-month high in January

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