Security token volumes crash by half for two consecutive months
The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. The bullish momentum enjoyed by the security token sector in the first three quarters of 2020 has well and truly subsided, with monthly volume crashing by more than 40% for the second time in a row.Since it tagged almost $22 million in August, monthly security token trade slumped to $9.15 million in September, before sliding down to $5.27 million for October.With 98% of the sector’s trade taking place on the Overstock-owned alternative trading system tZERO, it appears....
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Two dozen security tokens drove $9.15 million in trade during September. Following four months of spectacular growth, security token trade volumes have crashed by nearly 60%.From May through August, monthly volume gains for the sector ranged between 113% and 280%, posting record highs that increased from $998,000, to nearly $22 million, according to Security Token Group’s reports.That big run up means that despite the massive slump in trade activity, September was still the second-strongest month on record for security tokens with more than $9.15 million in combined trade. tZERO’s TZROP....
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