Trading Volumes of Crypto Assets Under Management Averaged $481 Million Daily in November: Report
The digital asset market has recorded massive bullish activity in recent weeks with the prices of most cryptocurrencies soaring to positions not seen in over 18 months.
Aside from asset prices, decentralized finance (DeFi) activities are also high in terms of volumes and staking as investors look to reap rewards before the end of the year.
A recent market report from on-chain analytics firm CCData shows growth in Assets Under Management (AUM) around virtual asset products, weekly inflows, and renewed appetite by firms and investors for a spot Bitcoin (BTC) ETF.
Per the data, institutional clients’ interest in DeFi products maintained momentum in October and bolstered 14% to $43.3 billion at the end of November although at press time, the figure is above the $45 billion mark, a sign of a growing market.
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