Jul 2, 2024 - Economy
Charted: Weekend volume slumps
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Crypto markets don't ever close, but the end of the weekend trader is nigh.
- The arrival of spot bitcoin ETFs is making crypto trading hours look more traditional.
By the numbers: As a proportion of all trading, weekend volumes have fallen to an all-time low, accounting for just about 16% of cumulative trading in bitcoin for the first six months of the year, according to Kaiko Research's Adam Morgan.
- 🔇 That's down from the 2019 peak of 28%.
Zoom in: Spot bitcoin ETFs are accelerating the "widening of the gap between weekday and weekend trading volumes," Morgan said in the report.
Between the lines: Less trading volume = less liquidity.
