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Trading volumes on Bitcoin exchanges showed a significant decline

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In October, the total trading volume on the leading cryptocurrency trading floors decreased significantly compared with September.

So, on OKEx (Hong Kong) and Huobi (Singapore), the index fell by 47%, and on Poloniex (USA) – by 56%. At the same time, the KuCoin and Bibox sites suffered the least, having sunk by only 3%.

The leading daily trading volume Binance also failed to hold the September position; figure fell by 32% – from $ 33.22 billion to $ 22.74 billion

It is worth noting that at the beginning of October the weekly volatility of Bitcoin reached the minimum annual values ​​and amounted to only 8.88%.

Recall, analysts CoinMetrics.io found that bitcoin trading volumes are not subject to seasonality. At the same time, they managed to determine that in the last six months only one out of every four bitcoins moved between addresses.

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