Data: The trading volume of cryptocurrency exchanges in May was $307.4 billion, a month-on-month decrease of 23.2%

ChainCatcher news, according to data from The Block, the trading volume of cryptocurrency exchanges in May was $307.4 billion, a month-on-month decrease of 23.2%, marking the lowest level since November 2020.

In recent months, trading volumes on exchanges have been declining, and the data from May continues this trend. Binance had a market share of 71% in May, followed by Coinbase and BTSE, with 8.7% and 5.1%, respectively. (source link)