Total trading volume in April decreased by 10 million BTC, to $265 billion. This is 65% less than in March..
In March, Binance stock exchange held an action in which it canceled fees for trading on the spot market in transactions with BTC.
In April, the site returned to commissions, which immediately led to a decrease in trading volume.
At the same time, the rate of the first cryptocurrency in April did not show a significant decline or growth.
“Binance’s decision had a big impact on traders and market makers, whose strategies rely heavily on the commission rate they pay for each trade,”
explained Simon Cousaert, director of data at The Block.
Earlier, analyst firm CruptoQuant reported that the leverage ratio for bitcoin reached a historic low of 0.195, previously shown in December 2021.