One of the companies that achieved record trading volumes was CoinShares (Nasdaq: CS), also known as Europe's largest digital asset investment firm.
According to the official report, CoinShares had trading volumes of more than $ 490M in crypto ETPs on May 19, the highest value of any European company operating crypto ETPs.
CoinShares also points out in its report that the crypto market has reached as much as $ 2.6T in recent weeks, which are really interesting numbers for such a young market.
„These are impressive numbers, and it’s important to note that the crypto asset class only comprises 35 basis points of global wealth, highlighting the opportunity for further growth." stated CoinShares International Limited
As for specific cryptocurrencies, ETH has traded the most on this day, up to $ 312M, accounting for up to 63% of all trades. Bitcoin traded at $ 179M, or 37%, followed by Litecoin and XRP.
These impressive volumes demonstrate the robustness of our ETPs which deliver great outcomes for our investors and continue to operate seamlessly during even the most volatile periods. At a time when several crypto exchanges halted trading, our ETPs are being used as a trusted vehicle to access the digital asset class. Frank Spiteri, CoinShares’ Chief Revenue Officer
Previous highs were recorded by CoinShares on February 22, 2021 at $ 252M, becoming one of the most active days since the first bull run on December 22, 2017 at $ 250M.