Dogecoin trading volumes shot up 1,250% in the 2nd quarter to almost $1 billion a day as big exchanges cashed in | Currency News | Financial and Business News

Dogecoin is a cryptocurrency based on the Doge meme.

  • Dogecoin trading volumes shot up 1,250% to close to $1 billion in the second quarter, data shows.
  • Overall global trading volumes rose 32% to $18.82 billion a day on average amid volatile markets.
  • High volatility benefits exchanges but there are signs that the crypto crash is weighing on volumes.
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Dogecoin trading volumes soared 1,250% in the second quarter of the year on the world’s major cryptocurrency exchanges, according to figures compiled by Coinbase and seen by Insider.

The average trading volume for dogecoin shot up to $995 million per day in the April to June period, from just $74 million a day in the first quarter, as exchanges such as Coinbase, eToro and Gemini added the token amid booming interest.

Coinbase’s Q2 market barometer showed that ether trading volumes rose 53%…

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