For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $200 billion, and ETH exceeding $100 billion.
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BTC Volume Surpasses $200 Billion for February
February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $206.37 billion in trade during the last 30 days.
The increase in trade activity was driven by the run up to $4,000 during the middle weeks of February, with volume having since retraced amid sideways consolidation. The surge in activity comprised a 34% gain in trade activity month-over-month.
USDT trade also produced its heaviest month of trade since the first quarter of 2018, with $177.12 billion worth of tether changing hands. USDT trade activity increased by 56.50% when compared with January.
30-Day ETH Volume Surpasses $100 Billion
Monthly ETH trade activity reached a one year-high during 2018, with…