Data showed that cryptocurrency trading volumes rose 17% last month in the wake of Tesla’s investment of $ 1.5 billion in bitcoin.
While the larger stock exchanges accounted for a growing share of the total trading volume.
Cryptocomber Research said that trading volumes jumped to $ 2.7 trillion in February, and volumes on major exchanges increased by more than 35% to $ 2.4 trillion. The transactions in the smaller stock exchanges decreased by 36% to 381 billion dollars, indicating the growing consolidation of trading in the larger stock exchanges.
It added that trading volumes reached their highest level ever on February 23, recording 159.9 billion dollars, when they fell by 10 percent.
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