Crypto trading volumes fell sharply in February, because the concerns of President Donald Trump’s prices on Mexico, Canada and other countries would suffocate international trade in investors to add to risky investments.
The trading volume of points and combined derivatives on centralized scholarships dropped by 21% to 7.2 billions of dollars, the lowest level since October, according to the last Coindesk Data exchange review.
Since November, the Trump administration has threatened to impose prices on trading partners, including China and the European Union, in response to what it considers unfair trade practices against the United States in various industries.
Among the centralized exchanges, Binance maintained its position as the largest trading platform in cash with a market share of 27%. It was followed by Crypto.com (8.1%) and Bebit (7.4%) with Coinbase (Coin) and Mexc Global completes the first five.
The derivative trade has also experienced a significant decrease, with CME – the largest trading place of institutional crypto – recording its first drop in volume in five months. CME’s negotiation volume fell 20% to $ 229 billion, Bitcoin term activities slide from $ 20% to $ 175 billion and EOUTHE Ether contracts lowering from $ 35.9 billion.
The drop in exchanges coincided with a drop in the annualized base of the BTC CME, which fell to 4.08%, its lowest level since March 2023. Nevertheless, the CME market share between the exchange of derivatives reached a record of 4.67%.
The increase suggests that if retail activity has decreased, Robinhood (Hood) recently reporting that its Crypto trading volume fell 29% in February, the institutional interest in the industry holds.
The total interest opened in all negotiation pairs on centralized scholarships dropped by 30% to 78.8 billion dollars, the lowest since November 5, noted the report, reflecting the heavy liquidations endured during the recent withdrawal.
