As per the latest data published by The Block, the digital assets exchanges saw more than two trillion in the trading volumes in May, setting the new high.
It further added that this is the fourth straight month since the crypto platforms have recorded more than one trillion in trading volumes. The Block took the data from the crypto exchanges that hold the reputation of releasing accurate data.
According to the latest index report by the crypto research platform, Binance, the world’s biggest crypto exchange, continues to be the most used trading platform by global investors.
So far in May, the trading platform has recorded more than 1.5 trillion dollars worth of trading volume. On the other hand, the recently Nasdaq-listed Coinbase remained the second most used platform. As per the recent data, the company has recorded nearly 198 billion dollars worth of trading volume this month.
Since Tesla’s CEO, Elon Musk took to Twitter and criticized the most famous digital token, BTC, as a highly centralized digital token. He also announced that the electric car manufacturer would stop accepting digital currency as a payment method for its vehicles.