Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion
CoinDesk·
60-second summary
Centralized exchange trading volumes plummet to $4.61 trillion, a 11% drop from previous levels, marking their lowest since late 2024, as tokenized treasury markets surge to $14.6 billion. This shift indicates a growing convergence of Wall Street and crypto, with institutional investors increasingly drawn to the latter's innovative offerings, potentially disrupting traditional finance.
Not all crypto exchange executives agree, but the data does not lie: centralized exchange trading volumes dropped more than 11% to $4.61 trillion, their lowest since late 2024.