CCData: Cryptocurrency trading volume in April was $6.58 trillion, the first decline in 7 months

Cryptocurrency trading volumes cooled in April, recording their first decline in seven months as geopolitical tensions escalated and inflows into U.S. spot ETFs slowed. According to a report from CCData, a London-based digital asset data provider, cumulative trading volume in spot and derivatives markets fell 43.8% to $6.58 trillion, a sharp pullback from the all-time high of $9.12 trillion set in March. Derivatives once again lost favor with investors as futures and options market volumes fell 47.6% to $4.57 trillion. Meanwhile, spot market volumes fell a relatively modest 32.6% to $2.01 trillion. (CoinDesk)