Second quarter crypto asset trading volume hits year-to-date low: Kaiko | CoinDesk JAPAN | CoinDesk Japan

Cryptocurrency trading volumes have been at year-to-date lows in the second quarter as market makers cut back on trading, according to Kaiko data.

In the second quarter of 2023, the average daily trading volume of the top 10 crypto assets (excluding stablecoins) is $10 billion. It was $18 billion in the first quarter.

Traders and market makers are curtailing trading as regulatory crackdowns intensify.

Share by crypto-asset (Kaiko)

Looking at shares by crypto-asset, Bitcoin (BTC) has fallen about 20% from its peak at the end of March, while Ethereum (ETH) has risen by 5%. Binance Coin (BNB) has surged from 2% to over 7% in recent days amid regulatory concerns.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Kaiko
｜Original: Crypto Trading Volumes Drop in Q2 to Yearly Lows