This episode of Markets Daily is sponsored by Cracken.

It is Wednesday, September 7th, 20203, and this is Markets Daily from CoinDesk.

Hi, I'm Michelle Muso here with your Crypto Markets Roundup.

On today's show, we're talking Bitcoin, real-world asset tokenization, and more.

And just a reminder,

CoinDesk is a news source and does not provide investment advice.

Much of the crypto market was slightly in the red over the past day, with Bitcoin still stock around $25,600.

Activity in the crypto spot market fell to the lowest level in more than four years last month,

extending a lull at digital asset trading desks.

This comes as volatility sparked by Grayscale Investments' court victory over the U.S. Securities and Exchange Commission.

The SEC failed to stir traders from the lethargy.

Gray Scale is a subsidiary of the Digital Currency Group, CoinDesk's parent company.

Spot trading volume on centralized exchanges cooled for a second straight month,

falling almost 8% to $475 billion.

The lowest since March 2019, according to digital assets data and

index provider, CCData. Trading volume refers to the total number of tokens that exchanged

hands during a specific period. Volume and derivatives fell over 12% to $1.62 trillion, the second

lowest since 2021. Derivative share of total market activity

contracted for a third consecutive month. The dollar value locked in open derivative contracts

tanked as well, wiping out over $4 billion in open interest on selected exchanges. That's the

largest decline in open interest this year. The continuing decline

is creating a challenging environment for exchanges and market makers who have been facing a tough

...