Crypto exchanges registered more than US$ 2 trillion traded during the month of May, setting a new record. Both crypto-to-crypto and fiat-to-crypto exchanges have seen higher volumes traded in May, which was also the fourth month in a row where these exchanges recorded more than US$ 1 trillion in volume.
The information comes from the volume index created by The Block, a specialized US digital asset research and information service. Results are based on data generated from the largest crypto exchanges.
“These results point to how the cryptocurrency market is maturing and how it can grow even more”, remarked Fabio Asdurian, the co-CEO and co-founder of Dynasty Global Investments AG.
The growth in trade volumes involving cryptocurrencies comes as Dynasty Global Investments AG gears towards the first public offer of its cryptocurrency, the D¥NS, expected to take place in July, initially targeting European and Asian markets.