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

Overall, trading activity on crypto exchanges fell last month, with derivatives and spot trading volumes both down 17 percent, the report said. September historically marks the end of a weak mid-year trading season, giving way to a busier last quarter, CCData analysts said. “With catalysts such as increased market liquidity following interest rate cuts by the Federal Reserve and the upcoming US election, trading activity on centralized exchanges is expected to increase in the coming months,” the authors wrote.