Crypto exchange reports highest trading volume in June: FOMO in play?

caspian trading volume data

Caspian, the crypto trading platform, has reported an eighty-five percent (85%) increase was registered in Caspian’s trade volumes in the last quarter of June 2019 than how much it was initially valued at five hundred and seventy-eight million ($578M). The final price amounted to one billion dollars ($1.086B).

The firm has been advertising itself as a one system solution for crypto asset management. Their core targets are institutions and they have been working on making institution grade trading solutions for the past fifteen (15) years solutions.

Crypto exchange reports highest trading volume in June: FOMO in play? 1

30 spot exchanges and 7 derivative exchanges are currently facilitated by Caspian. Sophisticated trading algorithms, real-time and historical P&L and exposure tracking and professional customer service are what Caspian is offering.

Their crypto trading solutions provide stack information and risk management. They have reached their milestone with the June trading figures. A pump of one billion dollars ($1.068) was experienced by the eighteen (18) month old crypto solution providing firm.

Hence, they have decided to take a step towards more transparency and will be showcasing the monthly trading volume statistics publicly and regarding their decision to incorporate trust between their firm and consumers.

The company’s Cheif Executive Officer (CEO) and co-founder of Caspian, Robert Dykes, expressed that they have grown tired of watching fake volume and trading figures portrayed by many companies.

Hence they have decided that as a company that is focused on building a crypto market for institution grade investment, they should publish their unaltered monthly revenue charts so that the market has real institutional data.

FOMO in play?

The fear of missing out (FOMO) action is playing out its part in the sudden spike before the crypto-winter that is rapidly approaching. Prices hiked on 26th of June after the news was broken on Cryptopolitan.com

June has been the month of ups and downs for the king of cryptocurrencies experts are claiming FOMO in heavy play throughout the month.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Bitcoin, Ethereum, Solana, and Cosmos Daily Price Analyses – 27 November Roundup
CRO Price Prediction 2023-2031: Is Cronos a Good Investment?
Texas governor says Bitcoin is good for the state's power grid
Vladimir Putin proposes a bank-free international digital payment system
Ethereum price analysis: Bearish current takes ETH to $1,212 as bulls struggle

Follow Us

Industry News

Twitter 2.0 to incorporate crypto payments? Elon shares the latest upgrades
Weekly crypto price analysis 26th Nov: BTC, ETH, XRP, BNB, ADA, DOGE
All about Prada's new NFT collection
3air: An Exciting Way for the Unbanked to Enter the World of Crypto
MicroStrategy, Micheal Saylor, and their Bitcoin Bet

Add Your Heading Text Here