Crypto exchange volumes have marched higher over the last month, according to The Block’s data dashboard.
JMP analyst Devin Ryan attributes the activity to institutions pouring into the market in the wake of BlackRock’s spot bitcoin ETF filing.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto exchange trading volumes are marching upwards in a move driven by institutions, according to JMP analyst Devin Ryan.
That said, daily exchange volumes are down significantly from their peak of over $150 billion clocked in during the previous crypto bull cycle.Devin Ryan of equity research shop JMP attributed the recent increase in trading volumes to institutions entering the space. "We believe the uptick in trading volume during the week ended 6/24, which was accompanied by a 12% W/W appreciation in total crypto market cap, can likely be attributed to some momentum in the space after BlackRock In the wake of the filing, a wide range of companies from WisdomTree to
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