XRP Spot Volume Falls $1.943 Billion as Futures Trading Dominates
Photo: TokenPost
XRP’s price recovery to about $1.40 has not brought a comparable return in spot trading, with centralized-exchange volume falling sharply as futures activity takes a larger share of the market. From Aug. 26 through Oct. 11, centralized exchanges recorded a combined $1.943 billion contraction in XRP spot volume. Binance accounted for $429 million of the decrease as its seven-day average spot volume dropped from $597 million to $168 million. Spot volume across other centralized exchanges fell from $2 billion to $485.8 million, a reduction of $1.514 billion. That decline was more than three times larger than the drop on Binance.
Source: TokenPost
