Add as a preferred source on GooglePapertrade Revenue Falls 83% as Oct. 17 Trading Activity Cools
UTC-day trading volume was 90% below its Oct. 10 high of $564.23 billion, while trade counts and new accounts also fell.
Papertrade’s revenue fell 83% to $890,000 on Oct. 17, while trading volume, trade count and new-account totals for the UTC calendar day also fell from a day earlier.
Volume totaled $54.23 billion, down 43% from $96.52 billion on Oct. 16. It was about 90% below the $564.23 billion high recorded Oct. 10.
Papertrade logged 135,227 trades during the UTC calendar day, a 40% drop from 226,541 the day before. It added 622 accounts, down 53% from 1,322 on Oct. 16.
Revenue ranked seventh among protocols on Oct. 17. Papertrade had previously reached second place, ahead of Circle.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.