So far this quarter, bitcoin spot trading volume has totaled $721.1 billion, according to data from CoinGecko.
If September’s transaction volume is the same as in July and August, it would mark the lowest quarterly transaction volume since the first quarter of 2019.
Quarterly transaction volume hovers above $2 trillion for most of 2019 through 2023.
In the past two months, Bitcoin trading volume was $345.89 billion and $354.84 billion, respectively.
If conditions hold and September volumes hover around $350 billion, quarterly volumes will approach $1.05 trillion.
In July and August, ETH trading volumes were $232.06 billion and $212.92 billion, respectively.
If ethereum trades around $220 billion in September, it would put its cumulative quarterly volume at just over $650 billion, its lowest level since 2019. In the fourth quarter of 2019, the total amount of ETH spot transactions reached 740.64 billion US dollars.