Crypto Market Faces Significant Downturn in Trading Activity

Summary:
The cryptocurrency market is experiencing a significant downturn, with a 20% decrease in trading activity reported in May following the recent Bitcoin halving event in March. Adam Carl Waldman, CEO of ValueZone, explains that this decline, which saw spot and derivatives trading volumes fall to $5.27 trillion, is largely due to the market adjusting to the reduced supply of Bitcoin and the broader economic slowdown anticipated over the summer.
Binance remains the leader in spot trading volume despite notable drops, while exchanges like Upbit, OKX, and MEXC Global saw significant declines in market share. However, the derivatives market shows resilience, now making up 70.1% of the total crypto market, with a less severe decline of 19.4%.
Despite the current market lull, there are bullish signs, including rising funding rates and increased Ethereum options volumes driven by speculation around U.S. ETH ETFs. ValueZone is enhancing its platform to better support users during these fluctuations by investing in educational resources and robust risk management tools.
For more information, contact Siodina Edgar at Wealth Investment Blockchain Company Ltd., Essex, United Kingdom.