Binance trading volume falls to its lowest since October 2020 | C

Binance trading volume falls to its lowest since October 2020

Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics. With the upcoming holiday season and the rearing bear market, trading volumes on most centralized exchanges have been impacted. According to research published by CoinGecko, crypto derivatives trading volume on exchanges has tanked by 24% since the collapse of FTX. According to the study, a likely reason for the fall in the trading volume is that traders have stopped or reduced their trading activity since the FTX crash. Furthermore, the research added that trading activity also generally slows down toward the end of the year.

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