Crypto exchange volume crosses $2 trillion in May — the highest ever in history

Crypto exchanges have seen more than $2 trillion in volume this month, according to The Block's Data Dashboard, the most-ever in history.

May represents the fourth month in a row in which crypto exchanges have seen more than $1 trillion in volume, according to The Block's legitimate volume index. The index takes data from the largest exchanges with trustworthy reporting of volumes.

Binance continues to be at the number one spot in crypto-to-crypto exchanges. The exchange has seen nearly $1.5 trillion worth of trading volumes in May.

Coinbase, on the other hand, remains the top fiat-to-crypto exchange. It has seen more than $198 billion worth of trading volume in May, according to The Block's Data Dashboard.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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