Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April

Data collected by The Block Research shows that spot trading volumes on legitimate exchanges hit a new all-time high for April.

As noted by The Block's Lars Hoffmann, the exchanges listed below saw a collective $1.58 trillion in spot trade volume last month.

The $1.58 trillion figure represents a 49% increase compared to March's $1.06 trillion.

Source: Crypto Compare, The Block Research

Key market events in April include bitcoin's surpassing of a new all-time high above $60,000 as well as a mid-month, weekend futures liquidation event as the price briefly plunged below $52,000. That event triggered a record number of crypto futures liquidations, as previously reported. 

At press time, the price of bitcoin is trading at roughly $56,835 on Coinbase