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CEX trading volumes see first decline in three months

According to Kaiko, a blockchain data provider, trading volumes on centralized exchanges have fallen after three consecutive months of gains. The volumes in April were almost half of those in March, and Kaiko noted that volumes had reached pre-FTX collapse levels until the decline in April. In April, legitimate centralized exchange spot volume took a 43.8% dip, settling at $400.5 billion, as reported by blockchain analyst Lars0x. According to CoinGecko, Binance’s 24-hour trading volume stands at approximately $10 billion, dwarfing its closest competitor, Coinbase, which has a trading volume of $1.14 billion.

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