Binance’s Crypto Trading Market Share Drops to 4-Year Low: CCData

Overall, trading activity on crypto exchanges waned last month with derivatives and spot trading volumes both falling 17%, the report noted. September historically marks the end of a weak mid-year season in trading, giving way to a busier last quarter, CCData analysts said. “With catalysts such as increased market liquidity following the Federal Reserve’s interest rate cut and the upcoming U.S. election, trading activity on centralized exchanges is expected to rise in the coming months,” the authors wrote.