London-based LMAX and Chicago’s Cboe Global Markets recorded trading volume increases of 180 per cent and 130 per cent respectively last month, according to CCData.
And oddly, the influx of ETF money hasn’t improved liquidity on the market. It’s a key sign of its health — the deeper a market, the easier it is to do big deals without disturbing the underlying price. Yet liquidity on the top 21 centralised exchanges is dormant. CCData numbers show that the aggregate bitcoin liquidity on these platforms has not seen any notable uptick since the start of the year, and still remains far below the levels registered at the start of 2023.
But despite bitcoin’s latest surge, liquidity is yet to return for the crypto industry’s most well-known token. According to numbers shared by data provider CCData, liquidity on the top 21 centralised exchanges still lags well behind levels registered this time last year.
London-based LMAX and Chicago’s Cboe Global Markets recorded trading volume increases of 180 per cent and 130 per cent respectively last month, according to CCData.
And oddly, the influx of ETF money hasn’t improved liquidity on the market. It’s a key sign of its health — the deeper a market, the easier it is to do big deals without disturbing the underlying price. Yet liquidity on the top 21 centralised exchanges is dormant. CCData numbers show that the aggregate bitcoin liquidity on these platforms has not seen any notable uptick since the start of the year, and still remains far below the levels registered at the start of 2023.
Crypto data firm CCData and CCRI created an institutional-grade scoring system that evaluates digital assets’ ESG characteristics.
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, according to data provided by CCData.
The trading volume for bitcoin futures rose 42% to $73 billion in January. “This comes as institutional traders wound down their positions after the approval of the spot bitcoin exchange traded funds (ETF) in the United States,” said a report by CCData.
Spot trading volume across centralized crypto exchanges rose for the fourth consecutive month in January, climbing to a level last seen in June 2022 as the approval of bitcoin ETFs sparked renewed interest in digital assets.
Volume increased 4.45% versus December to $1.40 trillion, according to CCData.
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