As the Stock Market Slows, Crypto Is Flying High
May 7, 2021 Cryptocurrency markets are seeing a drastic increase in trading, at a time when volumes in stocks and derivatives have dropped off, as reported in the Financial Times. As more traders turn to speculative assets, cryptocurrencies are reaping the benefits. Trading on crypto exchanges climbed to $1.7t last month, compared to $1.2t in March and less than $100 billion in April of the previous year, according to data collated by The Block Crypto and reported in the Financial Times. Meanwhile, equities volume fell 27% and equity options volume fell 14% in April compared to the previous...