Cryptography trade volumes fell sharply in February as concerns that the tariffs of President Donald Trump about Mexico, Canada and other countries to quell the demand of investors reduced international trade to add risky investments.
The combined volume of negotiation of spots and derivatives in centralized exchanges fell 21% to $ 7.2 billion, the lowest level since October, according to the last exchange of Coindesk Data exchange.
Since November, the Trump administration has threatened to impose tariffs on commercial partners, including China and the European Union in response to what it considers unfair commercial practices against the United States in various industries.
Among centralized exchanges, Binance maintained its position as the largest spot negotiation platform with a market share of 27%. It was followed by Crypto.com (8.1%) and Bybit (7.4%) with Coinbase (Coin) and Mexc Global rounding the first five.
Derivative trade also saw a significant decrease, with CME, the largest place of trade in institutional cryptography, registering its first volume fallen in five months. The CME negotiation volume fell 20% to $ 229 billion, with a Bitcoin futures activity that slides 20% to $ 175 billion and ether’s futures fell 13% to $ 35.9 billion.
The decrease in trade coincided with a drop in the annualized BTC CME base, which fell to 4.08%, its lowest level since March 2023. However, the CME market share between the exchanges of derivatives grew to a 4.67%record.
The increase suggests that while retail commercial activity has decreased, with Robinhood (Hood) recently informing that its cryptography trade volume fell 29% in February, the institutional interest in the industry is having.
The total open interest in all negotiation pairs in centralized exchanges fell 30% to $ 78.8 billion, the lowest since November 5, the report said, which reflects the heavy settlements supported during the recent reduction.
