Crypto trading volumes fell dramatically in February because concerns that President Donald Trump’s tariffs in Mexico, Canada and other countries will prevent global trade that has reduced investors’ demand for increasing dangerous investments.
The combined trading area of the area and derivatives in centralized exchanges fell 21% to $ 7.2 trillion, the lowest level since October, according to Latest Review of CoinDesk data exchange.
Since November, the Trump administration has been threatens to impose tariffs to trading partners including China and the European Union in response to what it considers – trading skill against the US in different industries.
Among the centralized exchanges, Binance maintained its position as the largest trading platform with a 27% part of the market. This was followed by Crypto.com (8.1%) and bybit (7.4%) with Coinbase (coin) and Mexc Global rotating the top five.
Derivatives trading also saw a significant decline, along with the CME – the largest institutional area of crypto trading – recorded its first collapse in five months. CME trading volume fell 20% to $ 229 billion, with bitcoin futures activity that dropped 20% to $ 175 billion and ether futures falling 13% to $ 35.9 billion.
Trade rejection coincides with a collapse on the BTC CME annualized basis, which fell to 4.08%, its lowest level since March 2023. However, the CME market sharing in derivatives exchange has grown to a record of 4.67%.
The increase suggests that while retail retailer activity is missing, along with Robinhood (hood) recently reporting Its Crypto trading volume fell 29% in FebruaryInterests in the institutional interest in the industry.
The total open interest in all trade pairs in centralized exchanges fell 30% to $ 78.8 billion, the lowest since November 5, the report mentioned, reflecting heavy fluids that endured in the previous drawdown.
