Cryptocurrency Trading Volumes Surge in August 2023, Despite Market Downturn

Despite the overall market downturn, cryptocurrency trading volumes surged in August 2023. According to data from CoinGecko, spot trading volumes increased by 25% in August, while derivatives trading volumes increased by 30%. This suggests that traders are still active in the cryptocurrency market, even though prices have fallen significantly in recent months. There are a few reasons why cryptocurrency trading volumes may be surging despite the market downturn. First, the

Read More »