Security token trading volumes fell 60% in September

After four months of spectacular growth, the trading volume of security tokens has dropped by almost 60%.

From May to August, the monthly volume increase in the sector ranged between 113% and 280%, reaching a record high when rising from $ 998,000 to nearly $ 22 million, according to a Security Token Group report. .

That huge growth showed that despite a massive drop in trading activity and the overall market's asset value, September was still the second most strong month on record for security tokens with over 9.15 million. USD has been traded.

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TZERO's TZROP token - which represents equity in the alternative trading system - made up more than half of all transactions, with $ 5.3 million in volume. But compared to August's volume of $ 11.8 million, there was a sharp drop.

TZROP value fell only 2% for the month, from 7.26 USD to 7.10USSD. TZROP is the second most popular security token with a market cap of $ 128 million, making it the 80th most popular crypto asset on CoinMarketCap.

Overstock's OSTKO token - which represents equity and voting rights in the company - has a trading volume of $ 3.6 million, down sharply from $ 9.6 million last month.

The OSTKO price also closed for a month in a rather stable situation showing a 1.5% decline, despite having created a wide trading range from $ 48 to $ 65. OSTKO is the most popular security token with a capitalization of $ 321 million, ranking 50th on Coinmarketcap.