October sees lowest-ever daily trading volume for crypto products: Report
Cointelegraph
Published Oct 28, 2022 06:10AM ET
Updated Oct 29, 2022 08:20AM ET
As the crypto market shows signs of a gradual recovery, with Bitcoin (BTC) holding above the psychologically important $20,000 level after its initial crash to $17,600 in June, this month still sets a record low for an average daily aggregate product volume across all digital asset investment products.
According to the report from CryptoCompare, published on Oct. 27, the average daily trading volume of institutional crypto products had fallen 34.1% — to $61.3 million in October. Almost all the products covered in the report recorded a large decline in average daily volumes, ranging from -24.3% to -77.5%.
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Written By: Cointelegraph
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