In October, total trading volumes on the leading cryptocurrency trading platforms has considerably decreased in comparison with indicators of September.
We see a significant decrease in trading volume, comparing the 30-day data for September and October.
Source: adjusted volume from CoinMarketCap pic.twitter.com/gQo45dI6eN
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So, OKEx (Hong Kong) and Huobi (Singapore) rate fell 47% and Poloniex (USA) — 56%. In this area KuCoin and Bibox have suffered the least, dropping by only 3%.
Leading the daily trading volume stock exchange Binance also failed September’s position; the figure had fallen to 32% — from $33,22 billion to $22,74 billion.
It is worth noting that in early October weekly volatility of bitcoin has reached the minimum annual values to a total of 8,88%.
We will remind, analysts CoinMetrics.io found that the volume of trading in bitcoin is not subject to seasonality. At the same time, they were able to determine that over the last six months only one out of every four of bitcoins moved between addresses.
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